Gold bugs be warned. Your party is ending with only enough time left for a last round of drinks before the fun ends as the gold price heads for a 20% fall. That’s the latest forecast from Citi, an investment bank, with another bank, UBS, adding its note of caution about the outlook for gold
Silver edges higher on Tuesday, though it remains confined in a multi-day-old range. The bullish technical setup supports prospects for an eventual break to the upside. A corrective slide below the $36.00 mark might still be seen as a buying opportunity. Silver (XAG/USD) extends its sideways consolidative price move for the third consecutive day and
Gold begins a new bullish cycle, tests May’s ceiling near 3,450. Technical signals favor the bulls, focus shifts to all-time highs. Gold is once again flirting with its spring record-high area of 3,440–3,500, as the escalating Middle East conflict between Israel and Iran shifted funds towards the safe-haven precious metal. From a technical perspective, the
Silver prices are stalling above the key psychological level of $36.00, now acting as near-term support following June’s breakout. Geopolitical tensions between Israel and Iran remain a key driver, with markets watching for signs of de-escalation that could influence Silver’s safe-haven demand. XAG/USD remains sensitive to movements in the US Dollar and Treasury yields, ahead
Platinum and palladium have very different price drivers from gold, with automotive catalytic converters dominating demand. 1. Automotive Demand About 40% of platinum and 80% of palladium goes into catalytic converters for vehicles. This creates a direct link between auto sales and PGM prices. Platinum is used primarily in diesel catalysts, while palladium is used
BAMAKO, Mali — A judge in Mali on Monday ordered Barrick Gold to be placed under provisional administration for six months in an ongoing dispute between the Canadian mining company and the West African nation’s military government over unpaid taxes. Judge Issa Aguibou Diallo in a statement to Barrick’s lawyers also announced the appointment within
When the world starts feeling dangerous, humans revert to their most primitive financial instinct: hoarding precious metals like our ancestors hoarded grain during famines. Gold has once again become the ultimate “oh no” investment as geopolitical tensions transform rational investors into modern-day dragons protecting their treasure hoards. The Middle East conflict escalation between Israel and
Seasonal production slated for 2026 following gravity-circuit commissioning. June 16, 2025 – TheNewswire – Nord Precious Metals Mining Inc. (TSX-V: NTH | OTCQB: CCWOF | FRANKFURT: 4T9B) (“Nord” or the “Company”) is pleased to report that the Company has mobilised field crews and earth-moving equipment to its historic Castle Silver Mine tailings complex, thereby
The rule change has prompted many savers to reconsider their withdrawal strategies. Under current rules, once people hit the age of 55, they’re entitled to take out 25 per cent of their pot tax-free Many people over the age of 55 chose to withdraw money from their pensions(Image: Kinga Krzeminska via Getty Images) Amidst rising
‘Astronomical’ fees and ‘incompetent’ management: The risks of living on a freehold estate By Jess Sharp, Money live reporter Imagine owning your own home only to find yourself subject to regular costs, strict rules and extra fees when you try to sell. Welcome to the world of freehold estates – a type of housing development