⛏ The Last Time Gold Looked Dead, It Rose Sevenfold

Newmont eyes 5M-ounce boost from Lihir gold mine
Newmont (NEM) expects a nearshore barrier at its Lihir mine in Papua New Guinea to unlock more than 5 million ounces of gold beginning in 2028, as the world’s largest gold producer reaffirmed its 2026 production guidance after reporting record quarterly free cash flow. Read on »

The Last Time Gold Looked Dead, It Rose Sevenfold
In December 1974, gold looked finished. The price had run from $35 an ounce to nearly $195 in four years, and then it came apart. Over the next twenty months, gold lost almost half its value, sliding to about $103 by the summer of 1976. Newspapers ran the obituary, investors who had cheered the climb sold near the lows, and Wall Street called the whole thing a bubble that popped. Read on »

HSBC Warns Commodities Face Squeeze As Chokepoint Chaos Spreads
The key takeaway heading into the weekend is that maritime chokepoint chaos has spread from the Strait of Hormuz to the Bab el-Mandeb Strait, while fighting across the Black Sea has intensified between Russia and Ukraine. The widening disruptions have prompted several institutional desks this week to warn that a potential squeeze on physical commodity markets could send prices from energy to agricultural goods higher. Read on »