Platinum Price
Source – KITCO
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March 31 is “Buy Silver” Day for investors
March 31 has become a flashpoint for silver buyers hoping to shake up the market—and possibly squeeze out the short sellers.
If only the physical market demand for silver could overcome the paper market short sellers, the spot price of silver would almost certainly take off much higher. Toward that end, there is a developing strategy for investors around the world to purchase physical silver on March 31. This day is the focus because it is the final trading day of the calendar quarter, when financial firms need to report their financial results.
Source – Numismatic News
Copper doing well in 2025
Copper prices in the U.S. have surged ahead of those in the rest of world and hit a record last week, a sign the mere threat of tariffs is lifting costs for domestic manufacturers.
Benchmark U.S. copper futures ended Monday at $5.02 a pound, up 26% this year. That compares with an 11% gain to $9,673 a metric ton, or about $4.39 a pound, on the London Metal Exchange, which is the global trading hub.
U.S. copper futures have been the top performer among major commodities in the first quarter. Prices for the industrial metal last week topped the record set in May but have since pulled back. Copper’s gains have outpaced the 21% rise in lumber futures, which was also fueled by uncertainty over tariffs.
Source – Wall Street Journal
Gold close to reaching $3000
It appears that the Federal Reserve is on hold when it comes to moving interest rates until midyear, said Peter Grant, vice president and senior metals strategist at Zaner Metals. But “most of the other major central banks remain in easing mode, providing an additional tailwind for gold.” Ongoing trade and geopolitical uncertainty suggest upside potential to the psychologically important $3,000 level, he said.
Source – Market Watch
Gold to remain stong, silver expected to rise
Gold prices firmed on Wednesday as investors stayed cautious amid lingering uncertainty over the U.S.-China trade truce and waited for key U.S. inflation data for clues on the Federal Reserve’s interest rate trajectory.
Spot gold XAU= was up 0.3% to $3,330.69 an ounce at 1122 GMT. U.S. gold futures GCcv1 were up 0.3% to $3,351.60.
“Gold should remain supported as long as global trade tensions risk escalating further, or even just staying elevated for longer.”
“We expect silver to reach $38/oz in the coming months. Market deficit considerations and a weaker USD hold the key for even higher prices – a test of $40/oz is possible,” UBS said.
Source – Reuters
Gold rises with new record
“We could envision a situation where inflation migrates higher, while the economy slows down as the auto sector grinds to a sudden halt, for example,” said Bart Melek, global head of commodity strategy at TD Securities. “Higher inflation and low rates, and the associated angst with the president’s imposition of tariffs, so uncertainty and risk are helping gold.”
“These tariffs create a strong tailwind for gold,” Bank of Montreal analysts wrote in a note. “Not only because of their inherent inflationary effects but also as the USA’s increasingly hawkish foreign policy may accelerate de-dollarisation plans.”
Source – Bloomberg
Copper Prices Jan 9,2025
Source – Money Metals