Good Reads
Dip-buyers arrive to pull gold back from brink of a bear market
Opportunistic buyers are starting to emerge in the gold market after the biggest selloff in years, helping to keep bullion’s record-breaking three-year bull run intact. Gold prices have fallen by 15% this month, creating a test of faith for gold bulls. That’s left some questioning the precious metal’s safe-haven credentials as the Iran war threatens to upend the global economy. Read on »
US bets billions of dollars on unproven groups in rare earths deals
The Trump administration is poised to sink $1.6bn into a mining company that aims to extract rare earths and make high-tech magnets in the US. But the lossmaking company has yet to do either commercially. The deal with USA Rare Earth is one in a series the Trump administration has struck over the past year, as it strives to rapidly establish secure domestic supply chains for critical minerals, including rare earths. Read on »
Turkey’s $8 Billion Gold Drawdown on Iran War Hits Bullion
Turkey’s central bank sold and swapped about 60 tons of gold, worth more than $8 billion, in two weeks after the start of the war in Iran, adding to downward pressure on bullion prices. Read on »
Community News
Gold rises as investors buy the dip, while fading rate-cut bets cap upside Link>>
EnergyX launches first US direct lithium extraction plant in Texas Link>>
Glencore, Canada Near Deal to Save Threatened Copper Facility Link>>
Managed Money was Responsible for the gold sell-off in January but not March Link>>
Dollar near 10‑month high on Middle East escalation concerns Link>>