Latest news with #PreciousMetals
Bloomberg
4 days ago
- Business
- Bloomberg
Surprise Tariff Takes Shine Off Gold
A Trump administration ruling that gold bars will be subject to tariffs stunned traders who had assumed they would be exempted, throwing bullion markets into turmoil. HSBC Chief Precious Metals Analyst James Steel has more on the story. (Source: Bloomberg)
Business Insider
05-08-2025
- Business
- Business Insider
Closing Bell Movers: Palantir hits record highs on beat and raise
In the opening hour of the evening session, U.S. equity futures are up marginally, with S&P 500, Nasdaq 100, and Dow Industrials all adding to Monday's solid market with 0.1% gains. WTI Crude Oil is little changed around $66 per barrel following three consecutive sessions of declines, while Precious Metals are opening slightly higher in electronic trade, and if gains should hold, will mark three straight sessions of advance. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Tech and Communications Services – dominated by Google and Meta – led the S&P 500 index on Monday, followed closely by high-yielding Utilities benefiting from lower interest rates. The yield on the 10-year Treasury edged further down to 4.2% – the cusp of a three-month low. Fed funds futures markets also continued to price in the near-certain FOMC easing starting with September decision, with probabilities now rising to 94%. Afterhours, Palantir was the highlight, rising to record highs on a strong earnings beat and guidance raise. Vertex Pharma and Hims and Hers were down double-digits however, with earnings falling shy of consensus. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – ALSO HIGHER – Arteris (AIP) up 55.1% after entering partnership with AMD (AMD) DOWN AFTER EARNINGS – Inspire Medical Systems (INSP) down 21.1% Vertex Pharmaceuticals (VRTX) down 14.5% Hims & Hers Health (HIMS) down 13.7% Kyndryl Holdings (KD) down 13.6% CRISPR Therapeutics (CRSP) down 6.0% MercadoLibre (MELI) down 5.2% Air Lease (AL) down 4.9% Diamondback Energy (FANG) down 3.7% Trex Company (TREX) down 2.8%
Forbes
14-07-2025
- Business
- Forbes
Platinum Was The Top Performing Commodity In H1
Platinum bars 1000 grams pure platinum,business investment and wealth of platinum,3d ... More rendering Every year around this time, we update our Periodic Table of Commodities Returns to reflect the performance of raw materials in the first six months of the year. I'm biased, but few tools do a better job of providing a clear, interactive snapshot of the commodities landscape than ours. Precious metals dominated in H1. As you can see in the chart below, the group—which includes gold, silver, platinum and palladium—absolutely crushed commodities as a whole, from industrial metals to energy and agricultural. Platinum soared nearly 50%, followed by gold (+26%), silver (+25%) and palladium (+21%). Meanwhile, copper had its own standout run, driven by rising industrial demand and geopolitical catalysts. Precious metals have been the star asset of 2025 Platinum Has Been the Year's Breakout Star After years of range-bound trading, platinum finally broke out in spectacular fashion. The metal surged from just over $900 an ounce in January to around $1,360 by the end of June, representing a 49.8% gain. In Q2 alone, it jumped 35.8%, closing the quarter at a price not seen since 2014. A major factor for the spike was constrained supply. Platinum supply has historically been price inelastic in the short term, according to the World Platinum Investment Council (WPIC). Even as prices surged, production remained sluggish, leading to persistent market imbalances. At the same time, demand remained firm, spanning industrial applications, jewelry and its emerging role in green hydrogen technologies. Unlike its cousin palladium, which is heavily reliant on gasoline vehicle manufacturing, platinum benefits from a broader range of demand. It's used in diesel catalytic converters, fuel cells and more. And as the world moves toward decarbonization, platinum's future in hydrogen energy systems makes it increasingly strategic. Gold: Still the Ultimate Safe Haven Gold has always been a barometer of uncertainty, and in 2025, investors had plenty to be uncertain about. Geopolitical tensions flared again in the Middle East, with the Israel–Iran conflict intensifying. In April alone, gold hit five separate all-time highs. By the end of June, it had risen 25.9%, topping $3,300 per ounce. With central banks continuing to buy record amounts of bullion, especially in emerging markets, I believe the metal remains a clear beneficiary of macro concerns. Physically backed gold ETFs attracted a stunning $38 billion in inflows during the first half of the year, marking the strongest performance since the pandemic-fueled rally of H1 2020. North American investors led the charge, adding $21 billion. Trading volumes surged across the board, averaging $329 billion a day globally—a new record, according to the World Gold Council (WGC). Gold trading volumes hit a record in the first half of 2025 There's another trend at work: de-dollarization. Since the U.S. and its allies froze Russian central bank assets in 2022, many nations have grown increasingly wary of holding dollar-denominated reserves. Gold, by contrast, is seen as politically neutral, and central banks have responded by diversifying into the yellow metal at an unprecedented pace. Institutions bought more in the last four years than in the previous two decades combined. Silver's Dual Role as a Precious and Industrial Metal Silver's story is a little different, but no less compelling. It often rides gold's coattails, and in 2025, it's kept pace with the yellow metal, rising nearly 25% through June. Silver briefly surged above $37 in mid-June, levels not seen since 2011, before settling around $36. The white metal stands to benefit from its dual role as both a precious and industrial metal. Demand is rising in green energy applications, particularly solar panels and battery storage. As central bank gold demand continues to outpace silver, I believe silver is undervalued on a relative basis. A return to the historical gold-silver ratio (around 80) could send silver back toward its all-time high of $50 an ounce. Copper: The Metal of the Future Though not a precious metal, copper deserves an honorable mention. It finished the first half of the year up 16.2%, making it the best-performing base metal. What's driving copper's rally? A perfect storm of supply fears, strong demand from artificial intelligence (AI) and data centers, and political noise from Washington. President Donald Trump's surprise announcement of a 50% tariff on imported copper this month sent U.S. copper futures to record highs, adding fresh volatility to an already tight market. And with global supply struggling to keep pace with demand, copper's long-term fundamentals look incredibly strong. Data centers alone are projected to require 127,000 megawatts (MW) of power by 2029, up from 82,000 this year. Each megawatt of capacity needs about 27 metric tons of copper. And that's not even counting the metal's role in electric vehicles (EVs), grid modernization and semiconductors. Energy and Agriculture Were the Laggards Not all commodities shared in the rally. Several energy and agricultural materials ended the first half in the red. Even lithium, once the darling of the EV boom, fell nearly 19%—a reflection of softening battery demand and oversupply from key producers in China and South America. For contrarian investors, this could be an area to watch for opportunities in the second half of the year. Periodic Table of Commodities Returns Precious metals have proven their worth once again as reliable hedges against inflation and geopolitical concerns. Central banks and fiscal imbalances continue to support long-term demand, especially for gold and platinum. Industrial metals like copper are benefiting from secular shifts in technology and electrification. While energy and agriculture struggled, those sectors may offer attractive entry points for investors with a longer time horizon. As always, our interactive Periodic Table of Commodities Returns makes it easy to compare commodity performance across years and sectors.
Globe and Mail
07-07-2025
- Business
- Globe and Mail
CMP Next Edge 2025 Critical and Precious Metals Short Duration Flow-Through Limited Partnership Files Final Prospectus for an Offering of up to $50,000,000
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, July 7, 2025 /CNW/ - Next Edge Capital Corp. ("Next Edge" or the "Manager") is pleased to announce that CMP Next Edge 2025 Critical and Precious Metals Short Duration Flow-Through Limited Partnership (the "Partnership") has received a receipt for its final prospectus dated June 30, 2025 in respect of an initial public offering (the "Offering") of up to a maximum of 2,000,000 of Series A Units and/or Series F Units (collectively, the "Units"), for a maximum offering size of $50,000,000.
Cision Canada
16-06-2025
- Business
- Cision Canada
ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR 2024
OTTAWA, ON, June 16, 2025 /CNW/ - The Royal Canadian Mint (the "Mint") is announcing its financial results for 2024. These results provide insights into the Mint's activities, the impacts of market fluctuations on its businesses and its expectations for the next 12 months. "The Royal Canadian Mint's diverse and innovative team deployed creative solutions to the complex challenges of 2024," said Marie Lemay, President and CEO of the Royal Canadian Mint. "We capitalized on new opportunities, adapted to everchanging environments and positioned ourselves well for the changes ahead." The financial results should be read in conjunction with the Mint's annual report available at . All monetary amounts are expressed in Canadian dollars, unless otherwise indicated. Financial and Operational Highlights The financial results for 2024 were ahead of the financial target for 2024, set out in its 2024-2028 Corporate Plan, and lower than 2023 levels, as expected. The results were impacted by the continued softness in global bullion demand that started in the second half of 2023. The weaker performance of the Precious Metals business was partially offset by higher gold market pricing, with record highs in 2024, combined with higher foreign circulation volumes sold and a planned lower level of operating costs to support both the Mint's on-going operations and digital program and business transformation initiatives. Consolidated revenue decreased to $1,284.1 million in 2024 (2023 – $2,162.0 million). Revenue from the Precious Metals business decreased to $1,148.1 million in 2024 (2023 – $2,046.1 million): Volume for gold bullion decreased 43% while silver bullion volume decreased 36% year over year, to 567.5 thousand ounces for gold bullion (2023 – 989.1 thousand ounces) and 15.6 million ounces for silver bullion (2023 – 24.4 million ounces). Gold and silver market prices increased year over year by 22% and 21%, respectively. Revenue from numismatic product sales were fairly consistent year over year despite the strong sale of the monarch effigy products in 2023. Revenue from the Circulation business increased to $136.0 million in 2024 (2023 – $115.9 million): Revenue from Foreign Circulation increased 76%, year over year, a reflection of higher volumes sold in 2024 as compared to 2023. Revenue from Canadian circulation decreased slightly year over year mainly due to lower program fees, in accordance with the memorandum of understanding with the Department of Finance, partially offset by a higher volume of coins required to replenish inventories due to a decrease in deposits with financial institutions. Overall, operating expenses decreased 11% year over year to $119.5 million (2023 – $135.0 million) mainly due to planned reductions in consulting and workforce expenses. Cash decreased to $54.6 million (December 31, 2023 - $59.8 million). In 2024, the Mint declared and paid $5.0 million in dividend to its Shareholder, the Government of Canada, $4.0 million of which was in relation to the year ended December 31, 2023. Cash remains adequate to support the Mint's operations. As part of its enterprise risk management program, the Mint continues to actively monitor its global supply chain and logistics networks in support of its continued operations. Despite its best efforts, the Mint expects changes in the macro-economic environment and other external events around the globe to continue to impact its performance in 2025. The Mint continues to mitigate potential risks as they arise through its enterprise risk management process. To read more of the Mint's annual report for 2024, please visit About the Royal Canadian Mint The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada's prestigious military and civilian honours. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations. For more information on the Mint, its products and services, visit Follow the Mint on LinkedIn, Facebook and Instagram. FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This Earnings Release contains non-GAAP financial measures that are clearly denoted where presented. Non-GAAP financial measures are not standardized under International Financial Reporting Standards (IFRS) and might not be comparable to similar financial measures disclosed by other corporations reporting under IFRS. This Earnings Release contains forward-looking statements that reflect management's expectations regarding the Mint's objectives, plans, strategies, future growth, results of operations, performance, and business prospects and opportunities. Forward-looking statements are typically identified by words or phrases such as "plans", "anticipates", "expects", "believes", "estimates", "intends", and other similar expressions. These forward-looking statements are not facts, but only estimates regarding expected growth, results of operations, performance, business prospects and opportunities (assumptions). While management considers these assumptions to be reasonable based on available information, they may prove to be incorrect. These estimates of future results are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what the Mint expects. These risks, uncertainties and other factors include, but are not limited to, those risks and uncertainties set forth in the Risks to Performance section of the Management Discussion and Analysis in the Mint's 2024 annual report, as well as in Note 8 – Financial Instruments and Financial Risk Management to the Mint's Audited Consolidated Financial Statements for the year ended December 31, 2024. The forward-looking statements included in this Earnings Release are made only as of March 6, 2025, and the Mint does not undertake to publicly update these statements to reflect new information, future events or changes in circumstances or for any other reason after this date.
