Core Insights - The 2025 DMCC Precious Metals Conference marked a significant moment for the precious metals industry, indicating a shift in the industry's landscape [1] Industry Overview - The conference highlighted the evolving dynamics within the precious metals sector, suggesting that stakeholders need to adapt to new market conditions [1]

Core Insights - The DMCC 2025 Precious Metals Conference emphasizes the importance of technology in the precious metals industry, highlighting that the focus is on proving capabilities rather than merely pitching ideas [1] Industry Summary - The conference serves as a platform for showcasing technological advancements in the precious metals sector, indicating a shift towards evidence-based presentations [1]

Core Insights - The event at DMCC highlighted its significance as a central hub for the modern gold economy [1] Industry Summary - The gathering at DMCC was not a casual audience, indicating the importance of the event in the context of the gold industry [1]

Core Insights - The article discusses the impact of the U.S. government shutdown on market sentiment and the likelihood of interest rate cuts by the Federal Reserve, highlighting a shift in expectations for rate cuts in December and January [4][25]. - It emphasizes the volatility in gold prices and the broader implications for asset management strategies, particularly among fund managers [4][25]. Group 1: Market Sentiment and Interest Rates - The probability of a rate cut in January has increased from 17.4% to 25.2% over two weeks, with expectations for a December cut rising from 40.6% to 58.3% [25][24]. - The article suggests that the market's perception of rate cuts significantly influences stock valuations, particularly regarding the timing of potential cuts [4][25]. Group 2: Gold and Other Assets Performance - Gold prices have seen a significant increase from approximately $2,300 to around $4,000, with a recent decline of 7.2% from this year's peak of $4,381 [5][25]. - Comparatively, the Nasdaq and Bitcoin have also experienced declines of 7.4% and 31.7%, respectively, indicating that gold has outperformed these assets in the current market [5][25]. Group 3: Fund Management and Positioning - Managed positions in COMEX gold have decreased by 10.3%, while silver and platinum have seen declines of 19.8% and 11.6%, respectively, indicating a shift in fund manager strategies [5][13]. - The article notes that fund managers are locking in profits and reducing leverage, contributing to recent asset price declines [4][25]. Group 4: Future Outlook and Economic Indicators - The article posits that the global economy may not recover significantly next year, with inflationary pressures potentially impacting investment strategies [28]. - It highlights the importance of monitoring gold prices as a barometer for market sentiment, particularly in relation to economic indicators and geopolitical risks [18][19].

Core Insights - The article discusses the impact of the U.S. government shutdown on the CFTC's futures market data, particularly regarding gold and other precious metals, and the market's expectations for interest rate changes in December and January [2][26] - It highlights the significant price movements in gold, silver, and other assets, emphasizing the normalcy of price corrections after substantial gains [27][28] - The article also touches on the broader economic implications of potential interest rate cuts and their effects on asset valuations, particularly in the context of fund managers locking in profits [26][30] Group 1: Market Sentiment and Data Analysis - The CFTC data reflects a shift in market sentiment, with the probability of a rate cut in January rising from 17.4% to 25.2% over two weeks [2][26] - Managed positions in gold futures have seen a net long position decrease of 10.3% as of October 7, while silver and platinum also experienced declines in net long positions [4][8][9] - The article notes that gold prices have risen significantly from approximately $2,300 to around $4,000, indicating a potential for normal price corrections [27][28] Group 2: Investment Strategies and Asset Performance - The performance of gold compared to other assets shows that it has outperformed Nasdaq and Bitcoin year-to-date, despite recent declines [28] - The author references the investment strategies of notable figures, suggesting that holding physical gold and silver is a prudent approach amid market volatility [3][29] - The article warns against the mindset of expecting quick profits from high positions, likening it to gambling rather than investing [28] Group 3: Economic Outlook and Future Projections - The article posits that the U.S. is likely to continue lowering interest rates, which could support further increases in gold prices [30][29] - It discusses the potential for ongoing economic challenges, including stagflation, which may drive demand for physical assets like gold [32][33] - The future of gold prices is tied to the actions of the Federal Reserve and geopolitical dynamics, particularly U.S.-China relations [31][32]

Watch: After gold prices surge to a record high, WSJ gets rare access inside one of the world’s largest bullion vaults, part of Singapore’s drive to become a global gold hub.https://t.co/WMpytOPlpX ...

Group 1: Wheaton Precious Metals Corp. (WPM) - The company has a Zacks Rank of 1 and its current year earnings estimate increased by 8.8% over the last 60 days [1] - Wheaton's shares gained 6.2% over the last three months, outperforming the S&P 500's advance of 2.5% [2] - The company possesses a Momentum Score of A [2] Group 2: Hallador Energy Company (HNRG) - Hallador has a Zacks Rank of 1 and its current year earnings estimate increased by 71.9% over the last 60 days [2] - The company's shares gained 20.3% over the last three months, also outperforming the S&P 500's advance of 2.5% [3] - Hallador possesses a Momentum Score of A [3] Group 3: NVIDIA Corporation (NVDA) - NVIDIA has a Zacks Rank of 1 and its current year earnings estimate increased by 3.6% over the last 60 days [3] - The company's shares gained 39% over the last six months, significantly outperforming the S&P 500's advance of 14.4% [5] - NVIDIA possesses a Momentum Score of A [5]

NEW YORK, NY / ACCESS Newswire / November 25, 2025 / The DMCC Precious Metals Conference is one of the sector's most influential gatherings, uniting global leaders across the gold, silver, and platinum markets to examine advances in transparency, regulatory integrity, and the emergence of tokenised assets. Security Matters (NASDAQ:SMX) will participate in this year's program as part of its ongoing collaboration with Dubai's expanding role as a centre for verified, digital, and sustainability-focused trade. ...

Market Overview - Bitcoin has experienced a downward trend, losing 1% recently and currently priced at $87K, reflecting a risk-off attitude in global markets [1] - The S&P 500 futures are down 0.19% following a 1.55% increase in the previous session, with mixed performance in Asia and flat-to-down movement in Europe [1] Sentiment Shift - A significant shift in sentiment is observed in the crypto market, with Bitcoin and gold previously rising together until October 6, driven by a "safe haven" narrative [2] - The narrative has changed, as Bitcoin and gold have diverged, with gold moving towards record highs while Bitcoin's market capitalization has fallen by approximately 24% (over $1 trillion) since its peak in October [4] Gold Performance - Gold has had an exceptional year, with prices surging over 50% in 2025, marking its best performance since 1979 [5] Factors Influencing Bitcoin and Gold - The unwinding of Bitcoin ETF trades has led to significant outflows, with hundreds of millions of dollars exiting these funds, negatively impacting Bitcoin's price [6] - Each $1 billion that exits a Bitcoin ETF results in a 3.4% decrease in Bitcoin's price [7] - Tether, the issuer of the USDT stablecoin, has become a significant buyer of gold, matching central bank buying levels, which has contributed to gold's price increase [8]

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Report's Core View - In the short - term, with the ongoing debate about the Fed's December rate cut, precious metal prices are likely to maintain high - level volatility. It is recommended to focus on the economic data released by the US. The strategy is to buy on dips or sell out - of - the - money put options. - In the long - term, as the Fed remains in the rate - cut cycle, global geopolitical uncertainties persist, the US debt is unsustainable, and great - power competition intensifies, the credit risk of the US dollar will increase. With the continued gold purchases by global central banks, the long - term center of gold prices is likely to continue to rise. Long - term investors are advised to allocate by buying on dips [4]. 3. Summary by Related Content Price Tracking - **Precious Metal Prices**: On November 24, 2025, compared with November 21, London Gold Spot was at $4054.27/ounce (up 0.6%), London Silver Spot was at $49.88/ounce (up 1.0%), COMEX Gold was at $4050.80/ounce (up 0.6%), COMEX Silver was at $49.52/ounce (up 1.2%), AU2512 was at 927.36 yuan/gram (up 0.4%), AG2512 was at 11810 yuan/kg (up 1.0%), AU (T + D) was at 926.00 yuan/gram (up 0.4%), and AG (T + D) was at 11803 yuan/kg (up 1.0%) [3]. - **Price Spreads/Ratios**: From November 21 to November 24, 2025, the spread of gold TD - SHFE active price decreased by 34.3%, the spread of silver TD - SHFE active price decreased by 36.4%, the spread of gold TD - London decreased by 28.2%, the spread of silver TD - London increased by 0.1%, the SHFE gold - silver ratio decreased by 0.6%, the COMEX gold - silver ratio decreased by 0.6%, the spread of AU2602 - 2512 increased by 0.7%, and the spread of AG2602 - 2512 decreased by 87.5% [3]. Position Data - As of November 21, 2025, compared with November 20, the gold ETF - SPDR was 1040.57 tons (up 0.11%), the silver ETF - SLV was 15257.9153 tons (up 0.07%), the non - commercial long positions of COMEX gold decreased by 5.65%, the non - commercial short positions increased by 4.47%, the non - commercial net long positions decreased by 8.28%, the non - commercial long positions of COMEX silver decreased by 3.42%, the non - commercial short positions increased by 5.55%, and the non - commercial net long positions decreased by 7.08% [3]. Inventory Data - On November 24, 2025, compared with November 21, the SHFE gold inventory was 90426.00 kg (unchanged), the SHFE silver inventory was 532299.00 kg (up 2.51%). From November 21 to November 20, the COMEX gold inventory decreased by 0.47% to 36764181 troy ounces, and the COMEX silver inventory decreased by 0.26% to 460702562 troy ounces [3]. Other Market Data - From November 21 to November 24, 2025, the US dollar index decreased by 0.04% to 100.15, the 10 - year US Treasury yield decreased by 0.98% to 3.51%, the 2 - year US Treasury yield decreased by 11.32% to 4.06%, the US dollar/Chinese yuan central parity rate decreased by 0.07% to 7.08, the VIX decreased by 1.13% to 23.43, the S&P 500 increased by 0.98% to 6602.99, and NYMEX crude oil decreased by 1.33% to 57.98 [4]. Market Analysis - **Market Review**: On November 24, the main contract of Shanghai gold futures closed down 0.52% to 930.32 yuan/gram, and the main contract of Shanghai silver futures closed down 1.14% to 11808 yuan/kg [4]. - **Influencing Factors**: Fed officials soothed the market, saying that further rate cuts were expected in the future, and the expectation of a December rate cut rebounded, supporting precious metal prices. However, the Russian central bank's sale of physical gold, the US' 28 - point plan, and the joint statement of the US and Ukraine may ease the geopolitical tensions between Russia and Ukraine, suppressing precious metal prices. For silver, in addition to its absolute price following the gold price trend, the tight domestic spot market may limit the downside space of silver prices, and the futures term structure may be maintained after turning into a B - structure [4].