Palladium Prices Jan 9,2025
Source – Money Metals
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Silver Continues to Pressure Upside
During the trading on Friday, we saw the silver market initially dip, only to turn around and show signs of strength yet again. Because of this, I think the market is likely to continue to be bullish.
In general, this is a market that’s been in an uptrend for quite some time and if we are in fact going to continue to see inflationary issues, things like silver, commodities and stuff could get a little bit of a bid. We’ll just have to wait and see.
Source – FXEMPIRE / Written by Christopher Lewis
2026 Red Book United States coin guide book
The 2026 edition has been “meticulously redesigned with the collector in mind,” according to the publisher.
“I am truly honored to have been part of this year’s transformation, working closely with the extremely talented and professional staff at Whitman and the invaluable Red Book Advisory Panel of more than 70 numismatic industry leaders, experts, and supporters,” said Jeff Garrett, Red Book editor and president of Mid-American Rare Coin Galleries. “Every change, from the book’s physical size to its presentation order, was carefully chosen and implemented with a single goal — to enhance the collector’s experience.”
Source – Coin World
Gold Prices Jan 9,2025
Source – Money Metals
Gold not expected to do well this week
Gold prices fell on Friday and were poised for their worst weekly performance in more than a month after the Federal Reserve tempered expectations for rate cuts and on a temporary easing of concerns about an imminent U.S. attack on Iran.
Spot gold slipped 0.7% to $3,347.80 an ounce, as of 1201 GMT, and was down 2.5% for the week so far. U.S. gold futures shed 1.3% to $3,364.00.
“Gold, silver, and platinum all suffered setbacks as traders booked profits after Wednesday’s FOMC meeting,” said Ole Hansen, head of commodity strategy at Saxo Bank.
“Gold is likely to extend its current consolidation phase with support around $3,320 followed by $3,245.”
Source – Reuters
Gold up .6%, Silver at $32.44 an ounce
Spot gold was up 0.6% to $3,325.20 an ounce at 1134 GMT. The metal has gained 2.5% so far this week. U.S. gold futures were up 0.8% to $3,334.30.
The dollar index slipped 0.3%, making gold more attractive for holders of other currencies.
“The exaggerated moves (in gold) suggest there is strong buying on the one hand on economic uncertainty, while strong selling is in evidence as some see the higher prices as an opportunity to take profit,” said Ross Norman, an independent analyst.
Elsewhere, spot silver eased 0.2% to $32.44 an ounce, platinum rose 0.6% to $981.94 and palladium climbed 0.4% to $980.15.
Source – Reuters
Arizona Sonoran Copper makes big announcement valued at C$19.9m ($13.83m) with Hudbay Minerals
Under this agreement, Hudbay will subscribe for 11,852,064 common shares of Arizona Sonoran at C$1.68 per share.
Arizona Sonoran president and CEO George Ogilvie said: “We are pleased and appreciative to welcome this further endorsement of our project and the go-forward plan by the team at Hudbay. It is the company’s objective to develop Cactus to be a significant producer of copper cathodes for direct use by industry in the state of Arizona and the larger US supply chain.
“We welcome Hudbay, a mid-tier base metal producer with decades of base metal successes in the Americas and a strong existing footprint in Arizona, as a larger and increasingly engaged shareholder, able to lend its experience and expertise as we advance and develop Cactus.”
Source – Global Data