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Metals and mining stocks
Silver rises with gold, but industrial demand outlook tempers gains
April 23, 2025 10:05 PM AEST| By InvezzThe silver price has yet to recover from its drop at the start of April, whereas the gold price is surging from record to record, with the increase gaining momentum recently. The current silver price of just below $33 per troy ounce represents a 4% decrease from its five-month high, which was reached at the […]
Gold prices remain strong while silver underperforms
April 22, 2025 08:06 PM AEST| By InvezzGold prices retreated from a fresh record high hit on Tuesday, but remained 1.5% higher than the previous trading day. President Donald Trump’s threat to dismiss US Federal Reserve Chair Jerome Powell triggered a flight to safe-haven assets, driving gold prices to unprecedented highs on Tuesday. “Bullish traders pause for a breather amid extremely overbought […]
Chile defends copper exports as US tariff investigations loom
April 16, 2025 03:14 AM AEST| By InvezzIn a letter dated March 31 to the US Commerce Department, the Chilean government defined its anti-tariff position, emphasising the importance of trade relations between the two countries. This correspondence was recently made public on a US federal website, revealing a clear message from Chile’s ambassador to Washington, Juan Valdes, as per a Reuters report. […]
Goldman Sachs forecasts gold at $3,700/oz by year-end on rising central bank and ETF demand
April 14, 2025 08:52 PM AEST| By InvezzGoldman Sachs, a leading global investment bank, has revised its year-end gold price forecast upwards to $3,700 per ounce, according to a Reuters report. This adjustment reflects a more bullish outlook on the precious metal, primarily driven by two key factors: stronger-than-anticipated demand from central banks and increased inflows into gold-backed Exchange-Traded Funds (ETFs). These […]
Gold hits record highs as trade tensions spark buying frenzy: will the rally hold?
April 11, 2025 05:12 PM AEST| By InvezzGold prices surged past the $3,200 an ounce level on Friday for the first time ever as fresh buying was supported by escalating US-China trade tensions. At the time of writing, the June gold contract on COMEX was at $3,233.97 per ounce, up 1.8% from the previous close. The contract had hit a record high […]
Uncertainty looms over silver price weakness as experts say bearish trend may continue
April 08, 2025 09:35 PM AEST| By InvezzIt has become increasingly difficult to gauge the severity of weakness in silver prices, following last week’s slump. The metal was one of the worst hit due to the ongoing trade war between the US and China. Silver prices experienced a significant drop, falling 7% on Friday to reach a 7-month low of $28.3 per […]
Experts say buy the dip as gold poised for another move higher
April 08, 2025 06:18 PM AEST| By InvezzThe bullish case for gold remains strong, and the recent decline in gold prices presents an opportunity for investors to buy, according to experts. In the previous trading session, the price of gold experienced a significant decline, falling below the $3,000 per ounce mark. This drop represented a new low for the precious metal since […]
Gold’s bullish momentum likely to remain intact, say experts
April 02, 2025 09:18 PM AEDT| By InvezzAs gold prices continue its ascent upwards, experts believe that the bullish momentum in the yellow metal remained intact. The gold price rose by 19% in the past quarter, which was the strongest quarterly increase since 1986, albeit at a significantly lower price level at the time, according to Commerzbank AG. “The main driver continues […]
Gold hits all-time high: is Trump’s trade policy to blame?
April 01, 2025 04:07 PM AEDT| By InvezzGold prices surged to an all-time high on Tuesday, fueled by growing anxieties that US President Donald Trump’s planned reciprocal tariffs will trigger inflationary pressures and hinder global economic growth. The move reflects a flight to safety as investors seek refuge from mounting uncertainty. As of 0310 GMT, spot gold was trading up 0.6% at […]
Silver poised to hit $35/oz as gold rallies to new highs
March 20, 2025 03:28 AM AEDT| By InvezzThe price of silver has surged past the $34 per ounce threshold, reaching heights not seen since late October. This upward movement comes as gold prices also experience a notable increase, suggesting a potential correlation between the two precious metals. Various factors could be contributing to this recent price surge, including economic uncertainty, geopolitical tensions, […]
China’s gold reserves rise for fourth straight month amid escalating US trade tensions
March 07, 2025 10:29 PM AEDT| By InvezzChina’s central bank has been steadily increasing its gold reserves, marking a fourth consecutive month of purchases. The country’s gold holdings rose to 73.61 million fine troy ounces at the end of February, a slight increase from 73.45 million ounces at the end of January, according to a Reuters report. This continued accumulation of gold […]
Gold rises on weak dollar, but further price corrections possible, analysts say
March 03, 2025 09:27 PM AEDT| By InvezzGold prices were higher on the first trading day of March on Monday as the dollar slipped against a basket of major currencies. A weaker dollar makes commodities priced in the greenback cheaper for overseas buyers. Uncertainty over US trade tariffs and Russia-Ukraine peace talks also supported demand for safe-haven assets such as gold and […]
Here’s why Goldman Sachs sees further upside in gold prices
February 18, 2025 08:25 PM AEDT| By InvezzGlobal banking institutions are forecasting that the price of gold will remain elevated throughout 2025, with the potential to reach a record high of $3,000 per ounce. This projection is primarily attributed to heightened geopolitical uncertainty around the world, which is driving investors towards safe-haven assets like gold. Additionally, Goldman Sachs, a prominent investment bank, […]
Trump imposes steel and aluminum tariffs, sparking global trade fears
February 11, 2025 01:47 PM AEDT| By InvezzPresident Donald Trump, doubling down on his “America First” trade agenda, signed executive orders imposing 25% tariffs on imported steel and aluminum, setting the stage for renewed trade tensions with key allies and adversaries alike. The move, portrayed by Trump as a means to revitalize domestic industries, has already drawn sharp condemnation and threats of […]
South Africa’s Harmony Gold expects to exceed full-year production target
February 03, 2025 07:39 PM AEDT| By InvezzHarmony Gold, a South African gold mining company, announced on Monday that it anticipates exceeding its full-year production target of 1.5 million ounces by June 2025. This positive outlook comes despite the company experiencing lower output during the first half of the financial year, according to a Reuters report. The company’s ability to project exceeding […]
Analysis: will gold maintain its shine amidst Trump’s trade war gloom?
January 22, 2025 09:16 PM AEDT| By InvezzGold prices surged to their highest point in over 12 weeks on Wednesday, driven by a notable increase in safe-haven demand for the precious metal. Current market sentiments and uncertainty around US President Donald Trump’s trade tariff narrative are expected to keep bulls interested in the yellow metal for the time being as gold searches […]
Gold traders brace for volatility ahead of Trump’s inauguration day
January 20, 2025 07:11 PM AEDT| By InvezzGold prices were little changed on Monday as traders awaited the inauguration speech of President-elect Donald Trump later today. “The US Dollar (USD) kicks off the new week on a softer note and erodes a part of Friday’s positive move amid bets that the Federal Reserve (Fed) will cut interest rates twice this year amid […]
Copper, nickel, and iron ore prices volatile amid Trump’s tariff policy uncertainties
January 08, 2025 03:15 AM AEDT| By InvezzThe uncertainty over US President-elect Donald Trump’s tariff plans is expected to keep the base metals market on its toes through the upcoming months. Metal prices, especially that of copper, experienced volatility on Monday amid reports that Trump may be less aggressive with tariffs on imported goods. Reports that tariff increases are to be limited […]
Gold price today: yellow metal on track for best annual returns since 2010
December 27, 2024 09:28 PM AEDT| By InvezzGold prices were in the red on Friday amid thin trading volumes, following the Christmas holidays. Trading volumes tend to be lower near the year-end. However, prices could edge up later in the day with yields on Treasury bonds in the US remaining subdued on Friday. Gold prices are on track to end the year […]
Gold reverses early losses to trade higher; copper climbs on tight supply concerns
December 06, 2024 05:36 PM AEDT| By InvezzGold prices rose in the Asian trade on Friday as investors waited for cues from the release of the US non-farm payrolls data later in the day. Geopolitical tensions also spurred safe-haven demand for gold, boosting prices. Gold prices on COMEX had dipped to a low of more than a week earlier in the session […]
