Chile's government on Thursday tapped Bernardo Fontaine to replace Maximo Pacheco as chairperson of the world's largest copper producer, State-run Codelco, giving the economist and executive a key leadership role as newly inaugurated President Jose Antonio Kast's administration criticizes the miner's debt, budget overruns and production challenges.
Spot gold prices are lower and spot silver prices are sharply lower after the close Thursday, as firmer Treasury yields and a stronger dollar offset safe-haven demand tied to renewed Strait of Hormuz tension. At the time of writing, spot gold was trading near $4,650.30 an ounce, down 0.80%, while spot silver was trading at $83.360, down 4.58% on the session.
Gold suffered its third consecutive session of losses on Thursday, dropping $47 per ounce in a sell-off that extended the metal's retreat from its all-time highs and pushed prices deeper into correction territory. The decline was driven by a fresh wave of inflation data that cemented expectations the Federal Reserve will hold rates at elevated levels through year-end — and increasingly, that the next move could be a hike rather than a cut. A much-anticipated diplomatic summit between President Trump and Chinese President Xi Jinping offered little in the way of relief, delivering a joint statement long on principle and short on concrete action.
PRE-OPEN Canadian markets are lower as investors were spooked by a rout in global bonds markets after a stalemate in U.S.-Iran talks dented risk sentiment.
Gold discounts in India jumped to a record this week as a sharp import duty hike slowed demand and triggered investor selling, while investment demand kept Chinese premiums firm.
Coinbase, the second-largest cryptocurrency exchange by daily trading volumes and the largest in the United States, has launched gold and silver perpetual futures for eligible non‑U.S. traders, bringing two of the world’s most established store‑of‑value assets into the crypto derivatives ecosystem.
Vancouver, British Columbia, May 6, 2026 – Arizona Gold & Silver Inc. (“Arizona” or the “Company”) (TSXV: AZS) (OTCQB: AZASF) announces assay results from four diamond drill holes completed as part of its ongoing drill program at the Philadelphia Project in Arizona.
Global supply chains for lithium could benefit from collaboration among governments, but any intervention on prices would need to be handled carefully, Dale Henderson, CEO of Australian lithium miner PLS, said on Wednesday on the sidelines of Brazil’s COP30 climate summit.
The Canadian dollar strengthened on Wednesday to its highest level against the greenback this month as investors monitored progress toward the expected reopening of the U.S. government and after minutes from the Bank of Canada's latest meeting did little to alter a perception that the central bank's easing campaign is on hold.
The U.S. dollar gained on the euro and yen on Wednesday as traders evaluated what a flood of economic releases will mean for Federal Reserve interest rate policy if the government votes on Wednesday to reopen, as is expected.
