Gold and silver faced significant headwinds through the summer as persistent inflation and higher bond yields raised the opportunity cost of holding non-yielding assets. However, some investors continued to see value in the precious metals, according to the latest sales figures from the British Royal Mint.
Gold extended its losing streak to three sessions on Tuesday, giving up $17.80, or 0.43%, to close at $4,130. The metal is now down roughly 5% over the past month and remains far below the record set in January, when prices topped $5,600. Pressure came from the energy complex, where Brent crude traded above $110 a barrel, its highest level since May. Higher oil prices have stoked inflation concerns and strengthened the case for tighter monetary policy, a backdrop that tends to weigh on a non-yielding asset like gold.
Québec-based Cerro de Pasco Resources has been awarded through a public auction the rights to tailings held in the Quiulacocha tailings storage facility, in Peru, for economic reprocessing.
The silver market is on track to record a sixth consecutive annual deficit this year, according to the World Silver Survey published by The Silver Institute and Metals Focus.
The silver market continues to struggle in the face of persistent inflation pressures and higher bond yields. However, one market strategist says the precious metal remains an important monetary asset and diversification tool.
TSX- and ASX-listed DPM Metals has confirmed that operations at its underground silver mine Vareš continue to operate as normal while the Constitutional Court of Bosnia and Herzegovina has set a period of six months for relevant authorities to review challenged acts in a dispute related to State-owned forests and forest land in Bosnia and Herzegovina.
The gold market continues to struggle as rising tensions in the Middle East push oil prices higher, stoking new inflation fears and driving aggressive interest rate expectations.
Silver has traditionally been viewed as a non-yielding asset, but one financial technology company is looking to change that narrative by opening the metal’s historically opaque lease market to a broader range of investors and making it more accessible through tokenization on the blockchain.
ASX-listed Minrex Resources has reported the best results yet from drilling on the Barje deposit as part of the Tlamino gold/silver project in southern Serbia, near the border with North Macedonia.
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.
