Precious Metals

Gold rose after President Donald Trump delivered on threats to hit Canada and Mexico with sweeping tariffs and doubled a charge on China, spurring swift reprisals.

Bullion climbed above $2,915 an ounce as Beijing announced 15% duties on some American farm goods, including cotton. Geopolitics was also in the spotlight after the US paused all military aid to Ukraine.

Spot gold rose 0.8% to $2,914.45 an ounce at 10:45 a.m. in London. The Bloomberg Dollar Spot Index fell 0.2%. Silver and palladium gained, while platinum was little changed.

Source – Bloomberg

Mako Mining Corp. presents a compelling investment opportunity as a low-cost, high margin gold producer with strong operational momentum, optionality in exploration potential, management excellence and imminent catalysts supported by a clean balance sheet.

With gold price hovering around $2,900/oz as of March 2025—more than double San Albino’s all-in sustaining cost (AISC) of $1,370/oz—Mako Mining is well positioned to generate sustainable cash flow which the management can put into work to grow the company’s production with a high ROIC or credible M&A (the company management showed their capital allocation excellence multiple times).

Source – Seeking Alpha

The US is moving towards sound money movement

“Everything else that could function as money has been saddled with taxes and disincentives,” Jp Cortez explained, emphasizing how the current monetary system traps people in the Federal Reserve’s fiat currency.

“Ten years ago, only a handful of states were considering sound money policies. Last year, more than 27 states introduced over 65 bills related to sound money.”

Source – Money Metals

Sound money – refers to a reliable and stable medium of exchange that maintains its value over time.

Costco offers members an opportunity to purchase one-ounce gold bars in the store, online or via their app. The retailer offers gold bullion bars, 1-ounce bars and coins in different designs. As of February 2025, Costco offers the following gold products:

• 1 oz. gold bar PAMP Suisse Lady Fortuna Veriscan
• 1 oz. gold bar Rand Refinery (online only)
• 2025 1 oz. American Buffalo gold coin
• 1 oz. gold bar PAMP / Newmont Lady of Liberty (online only)
• 100-gram gold bar Rand Refinery

Costco’s selection comes from authorized dealers and reputable mints. However, as Costco members are accustomed to, offerings and availability may change.

Costco marks up its cost for gold by roughly 2%. Markup is common practice among gold dealers and retailers, and 2% is on the low end of industry standards.

Source – CBS News

“We believe the demand is across the board. We see institutions either adding to or establishing long term strategic asset allocation type positions. We see individual investors doing the same. We see a certain amount of FOMO. There’s a fear of missing out whenever the price gains momentum to the upside” George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, told FOX Business.

Source – FOX News

Shares of Barrick Gold Corp. 

ABX-3.10% rose 2.32% to C$26.47 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index 

GSPTSE-0.78% rising 0.49% to 25,328.36.

Source – Market Watch