⛏ Gold on track for worst month since 2008

Germany cuts silver content in euro collector coins as prices gyrate
The German government is cutting the amount of silver in two of its limited edition euro collector coins as prices ​of the precious metal gyrate and it seeks to cut down ‌on speculation, the country's finance ministry said on Monday. Silver prices, while off their highs, have surged over the past year as investors feared missing out on a rally sparked by geopolitical risks ​and trade tensions. Read on »

Gold on track for worst month since 2008 as Iran war enters its fifth week
The conflict in the Middle East has weighed on gold prices, with surging oil and gas prices raising expectations of an inflation spike across economies that will lead to a bout of interest rate hikes. Spot prices are now on track for a monthly decline of 14.6%, which would mark the metal’s biggest monthly drop since Oct. 2008, when prices fell 16.8%. Read on »

Sulfur chokepoint threatens critical minerals supply
Iran’s closure of the Strait of Hormuz has had a profound impact on the prices of oil, natural gas, and other key industrial commodities. Before the war started, 20 million barrels of oil flowed through the strait daily, or about a fifth of global oil consumption. Significant volumes of aluminum, LNG, distillates such as gasoline, fertilizer, and sulfuric acid used in metal refining, also normally transit the narrow waterway, but are trapped in the Persian Gulf due to the conflict. Read on »

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