⛏ Gold on track for biggest daily drop since 2020

Gold retreats after record rally, on track for biggest daily drop since 2020
Gold prices were on track for their steepest daily fall in five years on Tuesday, as investors booked profits after expectations of U.S. interest rate cuts and sustained safe-haven demand drove the metal to a record high in the previous session. Spot gold was down 5.5% to a one-week low of $4,115.26 per ounce as of 01:45 a.m. EDT (1745 GMT), its steepest fall since August 2020. Read on »

How Tungsten Could Be One The Most Exciting Commodities
Nobody’s pitching tungsten on Twitter or Seeking Alpha. Almost every tungsten mining company profiled over the past 3-5 years is either bankrupt or on care and maintenance. And it’s too small of a market for the Big Boys (Vale, Glencore, Rio Tinto) to care about. But the world’s hardest metal is at an inflection point. Read on »

Chinese Gold Demand Rebounded in September
Higher prices continued to create headwinds for Chinese gold jewelry sales, but investors took up some of the slack. Wholesale gold demand came in at 118 tonnes in September, a 33-tonne month-on-month gain. Demand was 4 tonnes higher year-on-year last month. Through the first three quarters, Chinese wholesale gold demand was 297 tonnes. That was down about 3 percent year-on-year. Read on »