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PRE-OPEN Canadian Markets are lower, mirroring Wall Street, after Iran's Fars News agency reported that two missiles hit a U.S. warship when it tried to pass through the Strait of Hormuz. European shares ticked lower as domestic automakers came under pressure following threats of a U.S. tariff hike.

Spot gold prices are sharply lower and spot silver prices are also weaker late Monday, as firmer Treasury yields, a stronger U.S. dollar and another oil-price spike pressured metals despite still-elevated geopolitical risk. At the time of writing, spot gold was trading near $4,513.70 an ounce, down 2.16%, while spot silver was trading at $72.570, down 3.53% on the session. Kitco’s spot page showed gold’s intraday range at $4,502.40 to $4,630.70 and silver’s at $72.10 to $76.12.

Spot gold prices are sharply lower and spot silver prices are also weaker late Monday, as firmer Treasury yields, a stronger U.S. dollar and another oil-price spike pressured metals despite still-elevated geopolitical risk. At the time of writing, spot gold was trading near $4,513.70 an ounce, down 2.16%, while spot silver was trading at $72.570, down 3.53% on the session. Kitco’s spot page showed gold’s intraday range at $4,502.40 to $4,630.70 and silver’s at $72.10 to $76.12.

Vancouver-headquartered B2Gold has announced a leadership transition that will see long-serving president and CEO Clive Johnson retire at the company’s annual general meeting on June 4.

The ceasefire between the U.S. and Israel and Iran is beginning to turn the conflict into a prolonged one, which markets don’t seem to fully grasp, and while the bull market for gold should resume once the impacts become apparent, silver’s demand picture is mixed due to persistently high prices, according to precious metals analysts at Heraeus.

MELBOURNE - Australia and Japan have beefed up their cooperation around critical minerals amid a State visit by Japan's prime minister, with the countries providing A$1.67-billion, or $1.20 billion, in support for the sector and flagging more to come.

Idaho is a Mining State

Independent valuation opinion with listed comparables, precedent transactions and sum-of-the-parts analysis

Spot gold prices are sharply lower and spot silver prices are also weaker late Monday, as firmer Treasury yields, a stronger U.S. dollar and another oil-price spike pressured metals despite still-elevated geopolitical risk. At the time of writing, spot gold was trading near $4,513.70 an ounce, down 2.16%, while spot silver was trading at $72.570, down 3.53% on the session. Kitco’s spot page showed gold’s intraday range at $4,502.40 to $4,630.70 and silver’s at $72.10 to $76.12.