WTI crude fell below $60 per barrel as easing Middle East tensions and weak China–U.S. sentiment erased much of oil’s geopolitical risk premium. Friday, October 10, 2025 The relatively successful implementation of the Israel-Gaza ceasefire deal has lowered geopolitical risk premiums in oil futures and sent front-month ICE Brent prices below $64 per barrel. The evident escalation in China-US tensions isn’t adding any bullish momentum to crude either, with all signs pointing towards a 2026 impact on g ...

Key TakeawaysGold prices continue their significant rally, surging past $3,800 per ounce, reportedly reflecting mounting investor distrust in global fiscal and monetary policies, with the SPDR Gold Shares ETF (GLD) showing a 42% increase this year.China's Ministry of Industry and Information Technology (MIIT) has introduced stringent new technical requirements for New Energy Vehicles (NEVs) to qualify for vehicle and vessel tax incentives, effective January 1, 2024, with non-compliant models facing removal ...

watch nowInvestors can't help but notice the sparkle of gold's record run. But they may want to think twice before adding more of it to their portfolios — over the long haul, it underperforms compared to stocks and other assets."Gold glitters but earnings compound," said Pat Beaird, a certified public accountant and co-founder of Beaird Harris Wealth Management in Dallas."Over 30 years, compounding wins every time," he said. Beaird Harris Wealth Management is ranked No. 3 on CNBC's Financial Advisor 100 lis ...

Photo by DAVID GRAY/AFP via Getty Images AFP via Getty ImagesInvestors poured more cash into gold-backed exchange-traded funds (ETFs) in September, resulting in the biggest monthly inflow on record, according to the World Gold Council (WGC).Bullion funds added 146 tonnes of metal last month, up substantially from 53 tonnes in August. This pushed total holdings to 3,838 tonnes, just below November 2020’s all-time high of 3,929 tonnes.On a monetary basis, September’s inflows totalled $17.3 billion, which – in ...

Gold (GC=F) futures opened at a record $3,887.70 per ounce on Wednesday, up 1.2% from Tuesday’s close of $3,840.80. The price of gold also rose in early trading to eclipse $3,900. The U.S. government shut down Wednesday morning after party leaders and President Trump failed to negotiate a compromise. The last federal government stoppage was seven years ago during Trump’s first term. Federal agencies are now winding down activities according to their shutdown plans. The plan for the Bureau of Labor Statist ...

Group 1: Gold Market Insights - Gold prices are near record highs, with the COMEX gold December delivery contract trading at $3,790.50 per troy ounce, reflecting a 0.6% increase on the day and a rise of over 40% year-to-date in 2025 [3][5] - The recent surge in gold prices was influenced by comments from Fed Chairman Jerome Powell, who indicated a cautious approach to interest rate cuts, which temporarily affected market enthusiasm [4][5] - Central banks are maintaining a strong appetite for gold, with purchases exceeding 1,000 tonnes per year for three consecutive years, reminiscent of the 2008-09 financial crisis [6][7] Group 2: Silver Market Insights - Silver prices reached a 14-year high of $43.81 per troy ounce, marking a nearly 50% appreciation year-to-date, driven by similar market dynamics as gold [9] - The COMEX silver contract for December delivery was up 1.99% to $45.07, indicating continued upward momentum in the silver market [10] - Retail investors are increasingly turning to both physical gold and gold exchange-traded funds as safe-haven investments amid geopolitical tensions and economic uncertainties [8]

watch nowGold prices surged to a fresh record on Monday as investors wait for key inflation data and clues from Federal Reserve officials about the prospect of more rate cuts to come.Spot gold is now over $3,700 per ounce. So far this year, bullion has notched roughly three dozen record closes, gaining more than 40% as of Friday.As a safe-haven investment, gold tends to perform well in low-interest-rate environments and during periods of political and financial uncertainty. Investors see gold as protective ...

Zijin Gold International, a wholly owned unit of China's Zijin Mining, aims to raise HK$24.98 billion (US$3.21 billion) in an initial public offering (IPO) that would be Hong Kong's second largest this year. Zijin Gold launched the sale of 349 million shares at an offer price of HK$71.59 per share on Friday, with the offering running until noon on Wednesday, according to its prospectus released on Friday. The deal would be second only to the US$5.24 billion May IPO of Contemporary Amperex Technology, the ...

Industry Overview - The Zacks Mining - Gold industry has experienced a 38.5% growth in gold prices this year, driven by geopolitical tensions and central bank buying [1][4] - The industry involves complex processes of gold extraction from both underground and open-pit mines, requiring significant financial resources and time [3] Major Trends - Gold prices are expected to continue rising due to a demand-supply imbalance, with central banks accumulating gold reserves [2][6] - The industry faces challenges such as high production costs and a shortage of skilled labor, prompting companies to focus on cost-reduction strategies and digital innovation [5] Demand & Supply Dynamics - Depleting resources and declining supply from old mines are significant threats, while demand from sectors like energy and technology is increasing [6] - India and China account for approximately 50% of global consumer gold demand, with strong demand expected to persist in India [6] Industry Performance - The Mining-Gold Industry has outperformed the S&P 500 Index and the Basic Material sector, with a collective gain of 67.3% compared to the sector's 6.6% and the S&P 500's 19.1% [9] - The industry currently trades at an EV/EBITDA of 9.04X, significantly lower than the S&P 500's 18.23X and the Basic Material sector's 14.11X [11] Company Highlights - **Agnico Eagle Mines (AEM)**: Focused on extending mine life and optimizing costs, with a projected 64% year-over-year earnings growth for 2025 [18][17] - **Barrick Mining (B)**: Positioned to benefit from key growth projects, with a projected 56.4% year-over-year earnings growth for 2025 [23][22] - **Newmont (NEM)**: Created an industry-leading portfolio through the acquisition of Newcrest Mining, with a projected 52% year-over-year earnings growth for 2025 [26][25] - **Franco-Nevada (FNV)**: Expected to see a 51.4% year-over-year earnings growth for 2025, focusing on cost management and a healthy portfolio of agreements [30][29] - **Kinross Gold (KGC)**: Anticipates a remarkable 103% year-over-year earnings growth for 2025, supported by strong liquidity and development projects [32][34]

Core Insights - Gold prices have reached a new record, with a year-to-date increase of approximately 35%, now trading near $3,600 per ounce [2][4] - Investors are increasingly viewing gold as a safe-haven asset amid economic uncertainty and expectations of a Federal Reserve rate cut [2][4] Investment Trends - Ongoing purchases by global central banks and geopolitical tensions are expected to drive demand for gold [5] - Experts recommend investing in gold through exchange-traded funds (ETFs) that track physical gold prices, rather than purchasing physical gold [6][7] Investment Strategies - SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) are identified as the largest gold ETFs, offering liquidity and cost efficiency [7] - Physical gold ownership is considered inefficient due to higher transaction costs and storage issues, while gold mining stocks are more influenced by business fundamentals than gold prices [8] Portfolio Recommendations - Financial advisors generally suggest limiting gold exposure to less than 3% of an overall investment portfolio [10] - The unpredictable nature of gold as a commodity makes it challenging to determine its fundamental value [10]