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The best performing precious metal for the week was palladium, up 4.18%, which may have outperformed on certain incentives for EV growth being removed from with the incoming administration. Precious metals refiner Heraeus noted that “tariff concerns have proved contagious in the precious metals markets, as gold, silver, and platinum have all been affected.” On Friday, President Trump softened his stance on China tariffs—perhaps as a negotiation tactic.
Hochschild Mining shares plunged 21% for the week. The mining company said the cost of producing gold and silver this year will be higher than previously guided, according to analysts and Bloomberg. Saudi Arabia has already made some mining deals, including a 10% holding in Vale SA’s base metals unit and a pending deal for a stake in a copper and gold mining project in Pakistan and may even have an interest in Barrick Gold’s share of its 50% stake in Chile’s Zaldivar copper mine. Interestingly, foreign investors are more interested in accessing Saudi Arabia’s cash than investing in it. Despite touting $100 billion in local investment opportunities and $2.
is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .
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Gold Prices Rise on Dollar Weakness and China's Gold PurchasesGold prices edged higher on Tuesday, bolstered by a decline in the US dollar and China's continued accumulation of gold reserves. Investors are closely monitoring US economic data for clues on the Federal Reserve's policy direction.
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