News

  • / / /

    Gold continues to climb, tariffs increase demand

    ByVictoria
    0 Comments

    Gold prices rose to a record high on Wednesday on safe-haven demand following U.S. President Donald Trump’s latest tariff threats, while investors awaited minutes of the Federal Reserve’s January policy meeting.

    Spot gold surged to an all-time high of $2,946.85/oz earlier in the session and was last down 0.2% at $2,928.88 as the dollar crept higher as of 12:17 pm ET (1714 GMT).

    “We are in a state of unusual-heightened uncertainty… the catalyst is the tariffs and trade talks or threats that are going on around the world,” which is supporting the prices, said Paul Wong, market strategist at Sprott Asset Management.

    Among other metals, spot silver, used in electrical components, shed 0.7% to $32.64 an ounce, which aims to challenge a 10-year high.

    Platinum declined 2.1% to $966.65 and palladium eased 1.9% to $968.43.

    Source – Reuters

  • /

    Democratic Republic of Congo proving to be a good investment for China

    ByVictoria
    0 Comments

    Shipments of refined copper from the central African country jumped by 71% year-on-year to 1.48 million metric tons in 2024. The Congo is now by some margin the largest supplier of refined metal to the world’s largest buyer.

    The Congo’s share of Chinese copper imports has risen from 10% in 2020 to 36.7% with volumes steadily increasing over the fourth quarter. December’s imports of 167,735 tons were a new monthly record.

    Source – Reuters

  • /

    Copper in London declined after impact of US tariffs

    ByVictoria
    0 Comments

    Copper can sustain current levels around $9 400 a ton until early April, after which the implementation of US tariffs could see prices drop to $8 500 within three months, Citigroup analysts including Tom Mulqueen said in a research note.

    Copper fell 0.4% to $9,438.50 a ton on the LME as of 10:14 a.m. in Shanghai, while other base metals were mixed.

    Source – Mining Weekly

  • /

    Vizsla Silver Gets a Buy from CIBC, shares open

    ByVictoria
    0 Comments

    In a report released today, Cosmos Chiu from CIBC maintained a Buy rating on Vizsla Silver (VZLA – Research Report), with a price target of C$5.00. The company’s shares opened today at $2.28.

    The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vizsla Silver with a $3.26 average price target.

    Source – Markets Insider

  • / / /

    Gold, Silver, Platinum Forecasts

    ByVictoria
    0 Comments

    Gold

    Gold tests resistance at $2930 – $2940 as traders bet that demand from central banks will stay strong in the upcoming months.

    Silver

    Silver gains ground as traders react to the strong performance of gold markets. RSI is in the moderate territory, and there is enough room to gain momentum in the near term.

    Platinum

    Platinum is stuck near the $1000 level as traders wait for additional catalysts.

    Source – FXEMPIRE

  • /

    Goldman Sachs co-head says gold is his favorite commodity

    ByVictoria
    0 Comments

    2 reasons. The most important reason is that we think that central bank demand for gold, will structure your main higher.

    The second reason is gold is a great hedge against tariff escalation concerns about debt sustainability. Daan Struyven, Goldman Sachs co-head of global commodities research

    Source – CNBC / Video

  • /

    Gold rate in major cities in India

    ByVictoria
    0 Comments

    The second-largest consumer of gold in the country is India, after China. The country meets majority of its demand for gold through imports, along with locally recycled bullion.

    Source – ABP News

    All cities with gold rates listed in the link

  • /

    Gold prices keep getting higher

    ByVictoria
    0 Comments

    The price of gold rose 1.4% to $2,941 per troy ounce in trading Tuesday, putting it 0.2% off its record high notched last week, according to Dow Jones Market Data.

    “After missing several (brief/ shallow) buying opportunities in 2024, investors are likely wary of repeating the same patterns and may want to take advantage of corrections sooner this time around,” analysts wrote.

    Source – Barron’s

  • /

    Is the gold at Fort Knox there?

    ByVictoria
    0 Comments

    Musk has cast doubt on whether the gold remains at Fort Knox, writing on X: “This gold is the property of the American people. I sure hope it’s still there!”

    “Who is confirming that gold wasn’t stolen from Fort Knox?” Musk also posted.

    Source – ABC News

  • /

    Gold Horse Minerals drilling identifies gold targets

    ByVictoria
    0 Comments

    Considering we only listed on the ASX in December 2024, it is pleasing that we have already reported multiple targets from our geochemical survey, achieved excellent results at the Hakes Find project and now unveiled some exceptional intercepts at Hopes Hill

    As the Phase 1 drill program continues over the next three to four weeks, our aim is to validate the historic drill results, refine our targeting practices to allow for further follow-up resource development and target depth and down-plunge opportunities in the high-grade zones that we are seeing in the current drilling

    Source – Trading View