Gold, silver prices rebound as US-Iran war spreads
Gold and silver jumped on Wednesday as a sharp escalation in the United States war on Iran sent oil surging and investors scrambling back into havens, with buyers willing to…
Middle East
Geopolitical shocks build copper’s bull case: Sprott
The investment thesis for copper is only getting stronger amid renewed emphasis on energy security and growing concerns over supply as the cost of metal production surges, according to Sprott…
Gold price extends drop amid US-Iran uncertainty
Gold prices extended declines on Tuesday, as investors remained cautious over United States-Iran negotiations to end the near-two-month war that has intensified global inflation concerns. Spot gold fell more than…
Gold slump tied to crunch, not fundamentals: Sprott
Gold’s March selloff is being driven by a global liquidity squeeze and disrupted reserve flows, not weakening fundamentals, according to Sprott strategist Paul Wong. Prices have fallen to about $4,400…
Falcon seeks $100M from Guinea in World Bank court
Falcon Energy Materials (TSX-V: FLCN) filed a $100-million (C$136-million) arbitration claim against Guinea, alleging that the West African nation illegally expropriated the company’s Lola graphite project. Abu Dhabi-based Falcon said…
RANKED: Top 20 automakers by battery metals spending
The global passenger EV market, including plug-in and conventional hybrids, fell short of 30 million units last year, but still showed robust growth of 18% year over year. In combined…
Fitch Solutions’ BMI boosts industrial metals forecasts
Analysts at Fitch Solutions’ BMI have lifted their price forecasts for industrial metals to reflect the speculative momentum in the sector as well as strong market fundamentals and macroeconomic forces….
Gold’s the 5% hedge, not a trade: Kevin O’Leary
To Kevin O’Leary, investing in gold is straightforward: own it, size it sensibly, and treat it as long-term portfolio insurance—especially when politics and markets get messy. Recently, the Canadian businessman…
Goldman boosts year-end gold price forecast to $5,400
Goldman Sachs has lifted its year-end forecast for gold to $5,400 (C$7,542) per oz. to reflect the yellow metal’s growing appeal among private-sector investors. In a note published Wednesday, the…
Saudis grows gold resource by ~8M oz
Saudi Arabia’s Maaden says it has added nearly 8 million oz. of gold resources across four sites as a result of drilling in the Kingdom. The added resources span operating…
Gold jumps after Venezuela president captured
Gold advanced nearly 3% on heightened geopolitical tensions following the capture of Venezuela President Nicolás Maduro by United States special operations forces. Spot gold hit a one-week high of $4,455.42…
World’s largest silver bar unveiled in Dubai
The Dubai Multi Commodities Centre (DMCC) has introduced the world’s largest silver bar in celebration of the founding of the United Arab Emirates. The bullion — weighing 1,971 kilograms and…