Column: Commodities Might Be Entering a New Super Cycle
Commodities have had a rough decade, but a confluence of structural factors suggests that after years of underinvestment, the stage may be set for the next super cycle. Commodities super cycles are long, powerful waves driven by major thematic shifts. The 1970s super cycle saw a mix of geopolitical supply shocks and loose monetary policy. […]
Gold Dips from Record High as Dollar Strengthens Following Fed Rate Cut
Stock image. Gold slipped from a fresh record high as the dollar rebounded after the Federal Reserve delivered an expected rate cut following months of intense pressure from the White House to slash borrowing costs. In his post-meeting press conference, Fed Chair Jerome Powell pointed to growing signs of weakness in the labor market and […]
Authorities Raid Swiss Metal Trader in Investigation Tied to Russian Gold
Swiss authorities raided the local office of metals trader Open Mineral AG last Thursday as part of an investigation into potential sanctions breaches relating to its trading in Russian gold, according to people familiar with the matter. Switzerland’s State Secretariat for Economic Affairs searched the firm’s offices with local police in the canton of Zug […]
Erdene Launches First Gold Production at Bayan Khundii Mine in Mongolia
Canadian miner Erdene Resource Development (TSX:ERD) has poured its first gold at the Bayan Khundii mine in southwestern Mongolia, marking a major milestone for the project less than a decade after discovery. Erdene President and CEO Peter Akerley said the deposit, first identified in 2015, has quickly become a cornerstone of the Khundii Minerals District. […]
Gold Prices Set to Surge: Insights from Sprott
Stock image. Gold prices are poised to continue their upward momentum and move “significantly” higher due to a confluence of macroeconomic and political dynamics, Sprott Asset Management says. In its latest precious metals report written by market strategist Paul Wong, the firm specifically sees inflation risk as a primary driver of gold prices, as the […]
Gold Approaches Record High as ETFs Grow Ahead of Fed Meeting
Gold headed for a fourth weekly gain on expectations the Federal Reserve is poised to lower US interest rates, with prices aided by inflows into bullion-backed exchange traded funds. The precious metal traded near $3,650 an ounce, up about 1.7% this week, after setting a record in Tuesday’s session. Silver, which can move in tandem, […]
End of Paper Gold: BRICS Nations Establish Dollar-Free Payment Systems
Gold taking over euro in importance. Stock image. Beaver Creek, Colorado – Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the U.S. dollar and prizes deliverable metal. “We’re now, believe it or not, in the era of hard money,” […]
Bolivia Secures $589 Million Loan Colateralized by Future Gold Deliveries
Dollar-strapped Bolivia is relying on increasingly sophisticated operations to raise hard currency that it can use to pay its foreign debt. In recent months, the Bolivian central bank has raised $589 million against the delivery in a year’s time of 5.4 tons of gold, it said in a report published this month. The futures contracts […]
LBMA Calls White House Tariff Update on Gold Bars a ‘Positive Development’
The White House update to its tariff schedule is a “welcome development” after challenges caused by a recent US Customs ruling on gold bars, the London Bullion Market Association said on Wednesday. The executive order, issued on September 5 by President Donald Trump, updates the tariff schedule for certain goods, including key gold products. The […]
Gold Prices Hit New High Ahead of Crucial US Data Release
Stock image. Gold touched another record high on Tuesday as momentum continues to build for a US interest rate cut next week. Spot gold hit a new high of $3,673.49 per ounce, surpassing its previous record of $3,636.71 from just a day ago. By noon ET, it retreated to $3,646.64 an ounce, for an intraday gain […]