Author: Bullion Index
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Platinum Asset Management Gains Talent, BML Funds to Wind Up
Platinum Asset Management has recently made strategic moves in talent acquisition, leading to the winding up of BML Funds. The departure of BML’s chief investment officer, Ted Alexander, to join Platinum has triggered this development. With BML Funds managing assets worth $1 billion, the transition signifies a significant shift in the management landscape. The announcement,…
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US Urges G-7 to Consider Sanctions on Russian Palladium
The United States has requested the Group of Seven (G-7) allies to deliberate on imposing sanctions on Russian palladium and titanium, as part of efforts to exert pressure on President Vladimir Putin’s regime. This proposal was put forth by the Biden administration officials during a meeting of G-7 deputy finance ministers in Washington. The objective…
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Copper Prices Surge Near Record High Amid Tariff Speculations
Copper Prices Surge Near Record High Amid Tariff Speculations The price of copper is edging closer to record levels amidst speculations of potential tariffs being imposed. This surge in the price of the key industrial metal, surpassing $5 per pound, is primarily attributed to concerns over supply overshadowing the challenges posed by global economic disruptions.…
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Platinum Slides as Trade War Fears Pressure Precious Metals Market
Platinum, along with other precious metals, experienced a decline amidst escalating trade tensions, impacting the overall market sentiment. Gold, known for its historical highs, saw a pullback below the significant $3040 level as traders engaged in profit-taking activities. The market closely monitored if gold would stabilize below $3025 and potentially move towards the support range…
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Gold-backed Stablecoins to Challenge USD Dominance Worldwide
Gold-backed stablecoins are poised to challenge the dominance of USD-backed stablecoins globally, according to insights shared by Max Keiser, a prominent figure in the Bitcoin community. Keiser emphasized the intrinsic value of gold in hedging against inflation and ensuring stability, contrasting it with the US dollar’s perceived trustworthiness on a global scale. He pointed out…
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Palladium and The Little Prince: Uniting Travel and Adventure
In a unique collaboration, Palladium and The Little Prince have come together to create a collection that embodies the essence of travel and adventure. The fusion of these two iconic entities symbolizes a shared spirit of exploration and a deep-rooted love for discovery, culminating in a range that transcends boundaries and resonates with individuals seeking…
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Copper Prices Surge Above $10,000 Amid Tariff Speculation
Copper Prices Surge Above $10,000 Amid Tariff Speculation The global copper market is experiencing a significant surge in prices, with copper futures on the London Metal Exchange surpassing the $10,000 per ton mark. This sharp increase is primarily fueled by concerns surrounding potential tariffs on copper imports by the United States. The industrial metal, essential…
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North Bay CEO Discusses Second Gold Shipment and Production Strategy
North Bay Resources Inc.’s CEO, Jared Lazerson, recently shared insights with Proactive’s Stephen Gunnion regarding the company’s latest developments in gold production. Lazerson highlighted the completion of the second gold concentrate shipment, underscoring the company’s positive momentum. He mentioned the successful optimization of the gravity circuit and addressed challenges related to water bottlenecks, which are…
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Silver Outshines Gold: Surging 17% as Bullion Hits Record
Silver has emerged as a shining star in the commodities market, outperforming gold significantly. While gold captured attention by reaching a record high of $US3000 per ounce, silver quietly surged past its counterpart, marking a 17% increase to reach $US34 per ounce. This surge positions silver as a strong contender for the breakout trade of…
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Gold Price Rally Continues: Traders Eye Bullish Potential
The recent surge in the price of gold continues to attract traders’ attention, with a focus on the potential for further bullish momentum. Gold prices have experienced a slight pullback from their peak of $3,058, driven by a rebound in the US Dollar and Treasury yields as the Federal Reserve signals a cautious approach to…