Latest news with #preciousmetals
CBS News
2 days ago
- Business
- CBS News
When will gold's price change again? Here are 3 June dates to monitor.
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While predicting gold price changes with precision is impossible, there are three June dates when it could change again. Getty Images The price of gold changes throughout the day, every day. That's why it's worth monitoring daily, both for those already invested in the precious metal as well as those looking for an affordable entry price point. What both groups have seen in recent years, however, has been a remarkable surge in the price. Starting January 2024 at around $2,000 per ounce, gold is now consistently in the $3,300 price range, making up a 65% growth rise in less than 18 months. While the price has been consistently rising, there have been minor fluctuations, allowing some savvy investors to get started at a below-average price. This opportunity won't present itself easily, however, as timing the gold market is inherently difficult to do and will require both nuance and an understanding of factors that drive the price of gold, both in an upward and downward way. That said, if recent history is reliable, there are some upcoming calendar dates in which gold's price could change again, perhaps even in a significant way. Below, we'll detail three June dates to monitor, specifically. Start protecting your portfolio with gold before the price spikes again. Here are 3 June dates in which the price of gold could change again While gold's price could be impacted by both known and unknown factors, it may change materially on one or more of these June 2025 dates: Friday, June 6, 2025 The next unemployment report from the Bureau of Labor Statistics is set to be released on June 6. And, with it, indications about the health of the economy will be extrapolated. If unemployment declines further, it could give Americans the data they need to feel more optimistic about the economy. That could cause some to turn away from safe-haven assets like gold and that pivot, if significant enough, could cause gold's price to decline slightly. While this will likely be felt in the days after June 6, it may be felt most significantly on the day of the report release, as the gold market could respond immediately after the report is released at 8:30 a.m. ET. So be prepared to buy in during a dip on this date. See what price you could buy into gold here now. Wednesday, June 11, 2025 The inflation rate declined in February, March and April but did it continue to fall in May? That's what we'll find out on June 11 when the Bureau of Labor Statistics releases its next inflation report. A declining inflation rate could cause gold's price to tumble, perhaps substantially, if the rate falls to the desired 2% level (or below). On the other hand, an uptick in the inflation rate could cause gold's price to rise in response, perhaps even to a new record level. Monitor gold prices on this date, then, for both opportunities to potentially invest and, maybe, for signs to stay on the sidelines, even just temporarily. Wednesday, June 18, 2025 The next Federal Reserve meeting and, thus, the next chance for a fed rate cut will occur on this date (the two-day meeting starts on June 17). And while, at the end of May, there's a minuscule chance of a rate cut at this meeting (the CME Group's FedWatch tool has it pegged to a 2.1% likelihood), developments with unemployment and inflation could easily change that trajectory. Since gold prices and interest rates often have an inverse relationship, the price of the metal could be impacted depending on what happens here. But remember that a formal rate action doesn't have to necessarily occur for gold prices to change, as comments made by Federal Reserve officials after the meeting could be strong enough to reverberate throughout the economy – and, therefore, impact the gold market, too. The bottom line Predicting the price changes in any asset is impossible to do with precision but even more difficult to do with assets like gold. While gold prices could change on one or more of the above dates (and those surrounding them on the calendar), it's not a guarantee. Gold has a unique relationship with these data points and it doesn't always respond in an identical, easy-to-track way. Instead, it may be more practical to invest in gold in limited and cost-effective ways now and, in June, monitor these dates for opportunities to further buy in, or in select circumstances, a time to sell for a quick profit.
Khaleej Times
3 days ago
- Business
- Khaleej Times
Gold prices in UAE: Is Dh400 per gram the new normal?
For UAE residents considering gold for long-term investment or savings, now may be the right time to act. According to analysts and industry insiders, the precious metal is expected to remain above Dh400 per gram in the medium to long term. This marks a significant shift in market dynamics. In April, 24-carat gold crossed the Dh400-per-gram threshold for the first time in Dubai. This surge was driven by a mix of global uncertainties, including former US President Donald Trump's tariff policies, geopolitical tensions, falling interest rates, and strong demand from central banks. As of Wednesday evening, 24-carat gold was trading at Dh400.25 per gram, while 22-carat gold was priced at Dh370.75. On the global stage, spot gold hovered around $3,306 per ounce, a modest increase of 0.13 per cent. 'Volatility is likely to persist in the short term, primarily influenced by the pace and outcomes of ongoing trade negotiations,' said Vijay Valecha, Chief Investment Officer at Century Financial. 'Any major development — be it a breakthrough deal or new tariffs — could trigger sharp market reactions.' Valecha noted that although short-term fluctuations are expected, gold prices are likely to remain above Dh400 per gram over the long term. 'Trump's unpredictable tariff strategies have contributed to global trade uncertainty, increasing demand for safe-haven assets like gold. Recently, he threatened a 25 per cent tariff on all iPhones manufactured outside the US and a 50 per cent levy on EU goods — though these were temporarily postponed as trade negotiations continue.' Even if new trade agreements are reached and tariffs are lowered, Valecha believes gold will maintain its appeal due to broader economic concerns. He forecasts that gold could rise to $3,700 by the end of the year and potentially reach $4,000 by mid-2026, up from the current $3,335 per ounce. 'America's widening trade deficit, the sharp increase in the US debt-to-GDP ratio from 35 per cent in 2007 to an expected 100 per cent by 2025, and the fiscal impact of Trump's tax cuts have all contributed to a global flight to safety,' he added. 'These factors strengthen gold's position as both a portfolio diversifier and stabiliser.' Valecha cautioned that while significant trade deals could cause a temporary dip in gold prices, the broader macroeconomic fundamentals support a continued rally. Aditya Singh, Head of International Jewellery Business at Titan Company, echoed these sentiments. 'Although today's elevated gold prices may seem unusual, they align with historical trends where prices rise during periods of economic uncertainty,' he said. He advised retail buyers not to panic but to monitor key global indicators such as interest rates, inflation, geopolitical tensions, and central bank reserves. 'Small, consistent purchases tend to yield strong returns over time. We encourage customers to view gold as a blend of emotional and financial value — whether for weddings, milestones, or as a store of wealth, informed decision-making is essential.' Ramesh Kalyanaraman, Executive Director at Kalyan Jewellers, emphasised the enduring value of jewellery as a long-term asset. 'While natural price fluctuations will occur, steady demand in culturally rich markets like the UAE reassures us that gold will continue to be a preferred choice,' he said.
Associated Press
3 days ago
- Business
- Associated Press
Financial Advisors Harness Precious Metals Market via Breakthrough Platform and Technology
Neptune-GBX Partners with Young Financial Group and Wealthcare Capital to Provide Direct Precious Metals Access for Wealthcare Advisors and Clients WILMINGTON, DE, UNITED STATES, May 28, 2025 / / -- Neptune-GBX, a leading provider of institutional-quality precious metals investment solutions, has announced a strategic partnership with The Young Financial Group, part of Wealthcare Capital. Through this collaboration, Young Financial Group and Wealthcare Capital now provide their clients with direct access to investment grade physical gold, silver, platinum, and palladium bullion. Additionally, their clients allocations of physical bullion are seamlessly integrated into the firm's Orion software. This integration enables advisors to acquire physical precious metals from a reliable institutional partner and allocate them within client portfolios, while maintaining consolidated performance reporting, cash management, and AUM calculations through Orion's platform. 'We're thrilled to bring Neptune-GBX's institutional capabilities to our clients,' said Mowry Young, President of Young Financial Group. 'Incorporating physical bullion into our client portfolios without disrupting our ability to manage the full allocation is a game changer. It allows us to escape the counter party risk of 'paper metals' with full transparency and control.' Neptune-GBX provides direct, itemized metals holdings with custody at world-class vaulting providers. This model helps advisory firms retain AUM by preventing asset leakage to external bullion dealers, while giving clients the security of allocated, fully-owned precious metals. 'This partnership with Young Financial Group and Wealthcare Capital reflects a growing demand from advisors for simple, reportable access to liquid hard assets,' said Chris Blasi, President of Neptune-GBX. 'Through dynamic platform and robust data integration, we remove the friction typically associated with precious metals investing.' Young Financial Group joins a growing list of advisory firms working with Neptune-GBX to bring physical precious metals into modern wealth management frameworks. About Neptune-GBX Neptune-GBX is a physical precious metals dealer and exchange operator that serves investors and financial professionals worldwide. The firm has differentiated itself as a developer and market maker of innovative physical bullion investment products, including the Neptune Vault Accounts® and patented PMC Ounce®. The Neptune-GBX platform supports trading and investing in all the traditional forms of physical bullion in conjunction with its proprietary products. Neptune's product suite and platform are architected to offer clients with unparalleled features and benefits such as turn-key diversification, more efficient trading, greater transparency, and enhanced liquidity. For more information, please visit About The Young Financial Group As part of Wealthcare Capital Management, an SEC Registered Investment Advisor, the Young Financial Group is a fiduciary wealth advisory firm headquartered in Canfield, OH. With over 25 years of experience, the firm helps four generations of families make the most of their lives through its proprietary 'Confidence Formula' - a dynamic goals- based monitoring and adjustment process that continuously aligns client capability with client goals in accordance with both changing markets and changing client priorities. The Young Financial Group focuses on long term client relationships built on trust, transparency, and results, achieving a consistent 98% annual client retention rate. For more information, visit About Wealthcare Capital Management Wealthcare, a business unit of Financeware, architected its original goals-based planning and investing methodology 26 years ago and holds 12 patents on its established goals management process. Powered by its patented Comfort Zone®, Wealthcare's approach features innovative, personalized experiences and step-by-step tools that create deeper relationships between advisors and investors. Wealthcare empowers firms and advisors to go independent and grow their advisory businesses by providing GDX360® – Wealthcare's proven fiduciary process that seamlessly integrates planning, investing, and trading – and a full-suite of practice-management services. Wealthcare is comprised of three RIAs, Wealthcare Advisory Partners LLC, Wealthcare Capital Management LLC, and Wealthcare Capital Partners LLC. Brandon Green Neptune-GBX +1 302-256-5080 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
National Post
4 days ago
- Business
- National Post
Coeur Announces Stock Repurchase Program
Article content CHICAGO — Coeur Mining, Inc. ('Coeur' or the 'Company') (NYSE: CDE) today announced that its Board of Directors has authorized a $75 million share repurchase program ('the Program'), effective through May 31, 2026. Article content Article content 'We are pleased to announce this share repurchase program intended to enhance per share value for our shareholders,' said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. 'This decision reflects confidence in our strong free cash flow profile resulting from higher gold and silver prices, the impact of the newly-acquired Las Chispas mine, continued momentum at the recently expanded Rochester mine, and consistent performance from our other three operations. After several years of heavy investment, the Company is now well-positioned to continue rapidly paying down debt, maintain the pace of reinvestment in high-return organic growth opportunities, while beginning to return capital to our shareholders.' Article content Repurchases under the Program may be carried out from time to time through opportunistic open-market purchases or by other means in amounts and at prices that Coeur deems appropriate, subject to market and business conditions, applicable legal requirements and other considerations. Article content About Coeur Article content Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip polymetallic critical minerals exploration project in British Columbia. Article content This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements about the Company's potential share repurchases, per share value, free cash flow, debt reduction, performance of the Company's operating mines including the recently expanded Rochester mine, future investments in high-return organic growth, future financial stability and business outlook. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically-related conditions), changes in the market prices of gold and silver and a sustained lower price or higher treatment and refining charge environment, the risks of lower than expected production and higher than expected costs, uncertainties inherent in Coeur's production, exploratory and developmental activities, including risks relating to permitting and regulatory delays, changes in mining laws, ground conditions and, grade and recovery variability, any future labor disputes or work stoppages (involving the Company and its subsidiaries or third parties), the risks associated with the integration of Las Chispas, the loss of access or insolvency of any third-party refiner or smelter to which Coeur markets its production, materials and equipment availability, inflationary pressures, the effects of environmental and other governmental regulations and government shut-downs, the risks inherent in the ownership or operation of, or investment in, mining properties or businesses in foreign countries, implementation of tariffs or trade barriers, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur's most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities. Article content Article content Article content Article content Contacts Article content Article content Article content
Khaleej Times
5 days ago
- Business
- Khaleej Times
Dubai: Gold prices slip further; 24K at above Dh400 per gram
Gold prices slipped at the opening of the markets in Dubai on Tuesday but the 24-carat stayed above Dh400 per gram. Dubai Jewellery Group data showed the 24-carat trading at Dh401.25 per gram on Tuesday morning, down from Dh402.5 per gram at the close of the markets on Monday. It has lost Dh3.5 per gram this week so far. Among the other variants of the precious metal, the 22-carat was trading lower at Dh371.75 per gram, the 21-carat at Dh356.25 and the 18-carat at Dh305.5 per gram. Spot gold was trading at $3,331.7 per ounce, down 0.28 per cent. Despite a slight drop in prices this week, analysts expect prices will stay on the higher side. Vijay Valecha, chief investment officer at Century Financial, said the yellow metal ended last week with a gain of almost 5 per cent amidst US President Donald Trump's threats to impose 50 per cent tariffs on goods from the European Union from June 1 and 25 per cent on Apple Inc., if it does not manufacture iPhones in the US. 'The demand was further influenced by escalating concerns regarding America's fiscal deficit, with the tax cut bill exacerbating the deficit and the associated Moody's credit rating downgrade. These factors have fueled a risk-on sentiment, leading the bullion to surge by almost 27 per cent this year. Additional factors contributing to the support of gold include ETF inflows and ongoing geopolitical tensions in the Middle East. Central banks worldwide have been increasing their gold reserves by over 1,000 metric tonnes annually for the past three years, nearly double the last decade's average,' he said. 'Technically, on the daily chart, a bullish engulfing candlestick was formed in the previous session, closing at $3,356, indicating strong continued demand for the asset,' he said.
