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Copper price forecast

ByVictoria
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The EV industry in China and the world is already booming; pumping copper’s status as “the new oil”. As such, the red metal is set to rise above the current uncertainties to record significant gains in the medium to long term.

Copper has also jumped above the 50-day moving average, while the Relative Strength Index (RSI) has continued rising. Therefore, it will likely rebound and retest the key support at $5 in the coming weeks.

Source – Invezz

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RSI (Relative Strength Index) – is a technical indicator intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.

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3 Gold Stocks And 1 Silver Stock are hitting new highs

ByVictoria
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SPDR Gold Shares

It’s been having a good run: from the early June 2024 low of $212 to the present $264 amounts to a 19.7% return from then to now.

ASA Gold and Precious Metals

The South African-founded miner is now domiciled in Bermuda and has a market cap of $477 million. The price-earnings ratio is 7.61 and the stock trades at 1.12 times its book value. ASA in November 2024 paid a .16% dividend.

Franco Nevada

Headquartered in Toronto, the company has a market cap of $27 billion. This year’s earnings are down by 13.15%. Franco Nevada has no debt, long-term or otherwise.

Kinross Gold

This Canadian miner has a market cap of $14.51 billion. Earnings this year are up by 71%. The price-earnings ratio is 19.74. The debt-to-equity ratio is .26. Kinross Gold pays a dividend of 1.02%.

Discovery Silver

This is an OTC stock (also trades on The Toronto Stock Exchange) with an average daily volume of 237,000 shares. Market cap is $433 million. According to the company website, Discovery has “high quality gold producing assets in Canada” and “the world’s largest undeveloped silver deposit in Mexico.”

Source – Forbes

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Gold’s price gains jewellery demand

ByVictoria
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A 12% y/y drop in Q4 gold jewellery consumption to 547t- took the annual total down to 1,877t, down 11%, as unrelenting gold price strength impacted consumers’ ability to buy, the World Gold Council (WGC) said in a report on Wednesday.

For 2025, the WGC said central banks and “ETF investors likely to drive demand with economic uncertainty supporting gold’s role as a risk hedge, but on the flipside, keeping pressure on jewellery.”

Source – Seeking Alpha

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Gold futures hold record high

ByVictoria
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Investors are increasingly seeking safe-haven in hard assets like gold, silver, copper and platinum, historically viewed as stores of value in times of financial uncertainty, Saxo Bank’s Ole Hansen says in a note.

Source – Wall Street Journal

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Futures (in finance) – Are contracts to buy or sell a specific underlying asset at a future date.

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Gold adds to record rally amid trade war

ByVictoria
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Spot gold was up 0.8% at $2,864 per ounce by 09:24 a.m. ET (1424 GMT), after hitting a record high of $2,877 earlier in the session.

“Gold continues to be largely influenced by trade uncertainties… the tariffs with China and the retaliation has the market on edge, so safe-haven flows remain the dominant factor,” said Peter Grant, vice president and senior metals strategist at Zaner Metals.

Spot silver rose 0.4% to $32.23 per ounce, platinum gained 1.6% to $979.40 and palladium added 0.4% to $994.75.

Source – Reuters

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Trump tariffs shake silver market

ByVictoria
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“People are well advised to know and expect that [silver] is going to be volatile,” Krauth said. “It’s going to be more volatile than gold, and if you talk about silver stocks, that’s another—you know, it’s exponentially more volatile.”

“Maybe it’s not a bad idea to wait a little bit to let things calm down.”

Source – Self Employed

Peter Krauth author of “The Great Silver Bull” and precious metals analyst.

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Gold close to reaching $3000

ByVictoria
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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

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Gold, Silver and Platinum move above level

ByVictoria
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Gold tests historic highs as the strong rally continues.

A move above the $2850 level will open the way to the test of the $2900 level.

In case silver stays above the $32.00 level, it will head towards the next resistance at $32.75 – $33.00.

In case platinum settles back above the $1000 level, it will move towards the resistance level at $1025 – $1030.

Source – FXEMPIRE

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Peter Krauth: US$40 Silver in 2025?

ByVictoria
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“I think that given the setup right now, we have decent odds of returning probably — possibly — somewhere to that US$35 level before the middle of the year, and before we reach the end of this year we could probably touch potentially US$40 in silver,” he told the Investing News Network.

Peter Krauth is the editor of Silver Stock Investor.

Source – Investing News Network