Archive

March 14, 2025

Browsing

Where can investors find a safe haven during a period of market uncertainty?  Personally, I think it’s as simple as focusing on the stocks managing to display bullish technical structures at a time when they are becoming remarkably rare!  Today we’ll use the StockCharts scan engine to identify charts showing strength despite broader market weakness.

There’s Strength in Financials But Not the Banks

The first chart on my list from this week’s scan, CME Group (CME), was featured in my recent podcast interview with Jay Woods, CMT.  We talked about how the financial sector had been quite strong so far in 2025, but that the really impressive charts were the exchanges.  

The simple fact that CME currently sits above two upward-sloping moving averages means this name is in a small subset of the S&P 500 that can still make that claim.  The momentum picture has remained quite strong, with recent pullbacks bringing the RSI no lower than the 40 level.  The improving relative strength at the bottom tells perhaps the most important story, showing how this stock has consistently outperformed the S&P 500 in 2025.

As long as the trend continues to form a pattern of higher highs and higher lows, and the moving averages continue to slope higher, I would consider this chart “innocent until proven guilty.” 

Auto Parts Remains a Strong Group in a Struggling Sector

While I’ve found numerous ideas in the Consumer Staples sector in 2025, given the renewed strength in this previously beaten down sector, this next chart is actually in the Consumer Discretionary sector.  Auto parts names like Autozone Inc. Nevada (AZO) have pulled back this week from an overbought condition, but the chart remains in a primary uptrend of higher highs and higher lows.

Similar to CME, we can observe a classic uptrend pattern over the last 18 months.  We can also see an ascending triangle pattern through much of 2024, with a fairly consistent resistance level and an upward-sloping trendline connecting the swing lows. The upside breakout in December 2024, followed by a retest of that previous resistance level into mid-January, seems to confirm the long-term bullish technical structure.

What strikes me about both of these charts is that they show no real signs of market instability.  At a time when it feels like pretty much everything is rotating lower amidst growing market turmoil, stocks that indicate they are somehow immune to bearish market forces deserve our respect and attention.

Three-Month Highs Often Signal Renewed Strength

How did I identify these winning names at a time when they seem very difficult to find?  I simply used the StockCharts scan engine to identify stocks making a new 13-week high.  You can copy and paste the text below into the Scan Workbench to run this scan using your own login.

[type = stock]

and [group is not ETF]

and [[exchange = NYSE] or [exchange = NASD]]

and [market cap > 5,000]

//and [group is SP500]

and [Weekly Close > Last Week’s MAX(13,Close)]

Those last two lines are the most important, as the rest is basically filtering the universe down to stocks traded on the major US exchanges with a market cap over $5 billion.  The fifth line has two slashes before the parameter “group is SP500”, which tells the scan engine to ignore that line.  I like to include that line in every scan I run, as I often toggle between a larger equity universe and then just to the S&P 500 members.

The final line looks for stocks where the current weekly closing price is higher than the previous 13 weekly closing prices.  And while this particular scan would certainly include stocks that have been in long-term uptrends for well over three months, I’ve found new three-month highs can be a great place to start to look for charts just beginning to emerge from a basing pattern.

For the other three stocks I found earlier this week using this scan, and much further detail on the technical implications of these charts, check out my latest video on the StockCharts TV YouTube channel!

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

(TheNewswire)

TORONTO TheNewswire – March 13, 2025 Noble Mineral Exploration Inc. (‘Noble’ or the ‘Company’) (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce successful exploration drilling results from its joint venture partner Canada Nickel Company Inc. (‘Canada Nickel’) (TSXV:CNC) in East Timmins Nickel Ltd. (‘East Timmins Nickel’) a private company operating in the Timmins area of Northern Ontario.

Canada Nickel Company Inc. announced strong results from the Reid, Mann West and Midlothian properties, its Three Giants. One of its Three Giants, Mann West delivered the highest grade interval within the property to date with 0.63% nickel over 4.5 metres within 0.40% nickel over 18.0 metres within an overall mineralized core length of 0.27% nickel over 452 metres, in hole MAN24-79.

Canada Nickel CEO Mark Selby said, ‘ Our regional exploration program is consistently yielding excellent outcomes with each of the Three Giants delivering strong drilling results. These targets each have a target footprint larger than our flagship Crawford Nickel Sulphide Project, underscoring the large-scale potential of the Timmins Nickel District. We are excited to publish the remaining six resources by mid-2025, bringing the total to eight regional resources and showcasing the vast scale of nickel resources within the District.’

The Three Giants each have a target footprint larger than CNC’s flagship Crawford Nickel Sulphide Project, underscoring the large-scale potential of the Timmins Nickel District. Canada Nickel will publish the remaining six resources by mid-2025, bringing the total to eight regional resources and showcasing the vast scale of nickel resources within the District.  For full details, drill results and maps, see the news release published by Canada Nickel, March 12, 2025.

Noble CEO Vance White said , ‘We congratulate our partner Canada Nickel on the work completed and results on the Mann Twp property and we are very excited about the prospects for East Timmins Nickel along the several additional projects to be included.’

Mann Property

The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane and is 80% owned by Canada Nickel and 20% by Noble Mineral Exploration. The target consists of four separate targets, Mann North, Mann West (together formerly Mann Northwest), Mann Central and Mann South. The CNC release provides an assay update from six holes, three holes at Mann West, and three holes at Mann South.

Mann West

Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square kilometres). The drill program completed focused on the southern half of the target with drilling completed over a strike length of 1.7 kilometres and a width of at least 600 metres. All drillholes intersected long sections of well-serpentinized peridotite and minor dunite with disseminated and visible nickel sulphide mineralization consisting primarily of pentlandite and heazlewoodite. The Company has drilled a total of 40 holes to date at Mann West with 31 holes drilled during the 2024 program. CNC is currently working on an initial resource estimate expected by April 2025. Assays from three holes are presented in this release and a final two holes are awaiting assays. See Table 1 and Figure 1.

Table 1 – Mann West drilling highlights.

Hole ID

From (m)

To (m)

Length (m)*

Ni %

Co %

Pd g/t

Pt g/t

Cr %

Fe %

S %

MAN24- 79

48.7

501.0

452.3

0.27

0.01 2

0.025

0.01 3

0.25

6.28

0.1 0

Including

192.0

210.0

18.0

0.40

0.012

0.124

0.042

0.15

6.16

0.09

Including

205.5

210.0

4.5

0.63

0.011

0.434

0.138

0.15

5.82

0.13

and

358.5

412.5

54.0

0.34

0.013

0.037

0.017

0.15

6.11

0.15

MAN24-80

6.0

337.5

331.5

0.24

0.012

0.016

0.012

0.35

6.42

0.15

Including

43.5

54.0

10.5

0.41

0.011

0.092

0.041

0.15

5.31

0.11

and

118.5

157.5

39.0

0.29

0.014

0.019

0.006

0.57

6.32

0.12

MAN24-98

94.5

211.8

117.3

0.24

0.012

0.016

0.009

0.31

6.22

0.07

and

218.4

501.0

282.6

0.23

0.013

0.021

0.011

0.37

6.78

0.09

*True width undetermined. All lengths are drillhole lengths.

Figure 1. – Mann W – CNC Drillholes Over Total Magnetic Intensity.


Click Image To View Full Size

Mann South

This target is approximately 5.9 kilometres long by up to 1.2 kilometres wide, having an arcuate and irregular shape, with an overall area of 4.1 square kilometres. The company drilled 20 holes in 2024 and successfully intersected varying degrees of serpentinized peridotite and minor pyroxenite. Peridotite shows anomalous values of PGE in hole MAN24-96. Assays from three holes are presented in this release. See Table 2 and Figure 2.

Table 2 – Mann South drilling highlights.

Hole ID

From (m)

To (m)

Length (m)*

Ni %

Co %

Pd g/t

Pt g/t

Cr %

Fe %

S %

MAN24-88

61.4

496.5

435.1

0.23

0.011

0.003

0.005

0.48

5.70

0.05

MAN24-95

33.0

402.0

369.0

0.18

0.013

0.005

0.005

0.46

7.17

0.05

MAN24-96

32.1

402.0

369.9

0.17

0.013

0.052

0.065

0.38

7.06

0.01

including

38.0

65.0

27.0

0.18

0.016

0.360

0.046

0.08

8.09

0.02

and

92.5

154.5

62.0

0.08

0.014

0.109

0.347

0.33

7.58

0.01

*True width undetermined. All lengths are drillhole lengths.

Figure 2 – Mann S – CNC Drillholes Over Total Magnetic Intensity.


Click Image To View Full Size

Table 3: Drillhole Orientation

Hole ID

Easting (mE)

Northing (mN)

Azimuth (⁰)

Dip (⁰)

Length (m)

MANN WEST

MAN24-79

496793.5

5412392

215

-50

501

MAN24-80

496749.9

5411989

215

-50

474

MAN24-98

495901.7

5412589

220

-50

501

MANN SOUTH

MAN24-88

503622

5408792

50

-50

501

MAN24-95

502507

5405555

55

-50

402

MAN24-96

502253

5405841

35

-50

402

REID

REI24-49

456964.1

5404097

130

-50

483

REI24-51

457900

5404100

90

-60

447

REI24-52

457349.4

5404196

180

-55

759

REI24-53

457930.1

5404253

90

-60

372

REI24-54

456960

5403900

180

-55

501

REI24-55

457754.4

5404635

90

-60

561

REI24-56

457327.8

5404025

180

-60

621

REI24-57

456960.9

5403900

130

-55

537

REI24-58

457929.4

5404172

270

-60

531

MIDLOTHIAN

MID24-13

500117

5303240

180

-50

554

MID24-14

498707

5303083

180

-52

537

Qualified Person and Data Verification

Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a ‘Qualified Person’ as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

About Canada Nickel

Canada Nickel is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. Canada Nickel’s common shares trade on the TSX Venture Exchange under the symbol ‘CNC.’

For more information, please visit www.canadanickel.com.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc.(20%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.

Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario, ~14,000ha elsewhere in Quebec and Newfoundland, upon which it plans to generate option/joint venture exploration programs .

Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland.  Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.  Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre  Nickel, Copper, PGM property, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau) and a ~461 hectare Uranium/Molybdenum property (Taser North),  all of which are in the province of Quebec.

Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB’.

More detailed information on Noble is available on the website at www.noblemineralexploration.com .

Cautionary Statement

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.  Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

H. Vance White, President

Phone:         416-214-2250

Fax:             416-367-1954

Email:          info@noblemineralexploration.com

Investor Relations

Email:   ir@noblemineralexploration.com

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Mining giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) is providing up to AU$40 million for exploration work atCobre’s (ASX:CBE) Kitlanya East and West copper projects in Botswana, Cobre said on Monday (March 10).

The funding is under an earn-in agreement between Cobre, other Cobre-owned subsidiaries and a wholly owned subsidiary of BHP. It gives BHP the right to acquire a 75 percent interest in the Kitlanya assets.

The agreement comes after Cobre’s participation in BHP’s Xplor program in 2024. Through Xplor, Cobre received US$500,000 to accelerate its exploration plans for its Kalahari copper projects in Africa.

It also follows the signing of a letter of intent with a BHP subsidiary in September 2024. The companies agreed at the time to negotiate a material earn-in joint venture agreement for Kitlanya East and West.

“This significant transaction with BHP … is a major moment in time for Cobre as a company as well as a testament to the success of BHP’s Xplor program,” said Cobre CEO Adam Woolridge in a press release.

“The partnership with BHP will provide us with the funding and support necessary to implement a technology-driven work program designed to discover the Tier 1 deposits we believe may be hosted in our Kitlanya East and West Projects.”

Cobre acquired Kitlanya East and West through its November 2022 purchase of Kalahari Metals. BHP conducted fixed-wing AEM surveys over much of Kitlanya West’s project area in the late 1990s, but there was little on-site work.

The copper market is reportedly growing in Africa, with the Democratic Republic of Congo and Zambia as its largest producers. Botswana is also recognized as one of the continent’s primary producers.

Mobilisation for drilling at Kitlanya West is set to start next month, and will test targets identified in a 2024 seismic program. The plan is to assess the mineral system for components required for tier-one copper deposit formation.

Cobre and BHP’s Xplor program

‘We are thrilled to continue our partnership with one of the BHP Xplor alumni, Cobre Limited, through this agreement,” said BHP Group Exploration Officer Tim O’Connor in Cobre’s release.

“This collaboration reflects our excitement for the exploration potential in Botswana and underscores the high standard of partnerships we see coming out of the BHP Xplor program.”

The Xplor program was introduced by BHP in 2022 as a means of assisting companies in accelerating exploration opportunities and developing new critical minerals sources.

Selected companies receive benefits such as an equity-free grant of up to US$500,000 and access to a network of BHP and external industry experts to build out and accelerate their exploration concepts.

The 2025 BHP Xplor cohort holds the highest number of successful applicants in the program’s history at eight companies. Cobre formed part of the 2024 cohort, joining five other companies.

This week’s transaction between Cobre and BHP does not involve Cobre’s flagship Ngami and Okavango copper projects, which are also located in Botswana. Cobre will continue advancing both assets independently.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The gold price reached yet another record high on Thursday (March 13), breaking US$2,975 per ounce.

The precious metal has seen significant momentum since the start of the year.

Recent US consumer and producer price index data released on Wednesday (March 12) and Thursday shows that inflation has become stuck, adding more fuel to recession speculation and buoying gold.

Gold price chart, March 6 to 13, 2025.

These releases come as trade tensions between the US and other countries ramp up.

Tempers flared when Ontario Premier Doug Ford imposed a 25 percent surcharge on electricity exports to the US on Tuesday (March 11). Although the charges were withdrawn after the two sides agreed to meet in Washington on Thursday, there is still much uncertainty about Canada-US relations, as well as US relations globally.

Broad 25 percent tariffs on all steel and aluminum imports to the US went into effect on Wednesday. Canada quickly applied retaliatory tariffs on US$20 billion worth of goods, while the EU responded with tariffs on US$28 billion worth of goods. Trump had threatened to boost the tariffs on Canadian steel and aluminum to 50 percent, but backed down for now after Ford withdrew the 25 percent electricity surcharge.

Trump has also said he will impose further tariffs on auto imports by April 2, creating significant uncertainty for manufacturers and businesses that rely on cross-border trade.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Gold has long been considered a store of wealth, and the price of gold all time high often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

While some have posited that the gold price may break US$3,000 per ounce and carry on as high as US$4,000 or US$5,000, there are those with hopes that US$10,000 gold or even US$40,000 gold could become a reality.

These impressive price predictions have investors wondering, what is gold’s all time high? In the past year, a new gold all time high (ATH) has been reached dozens of times, and we share the latest one and what has driven it to this level below. We also take a look at how the gold price has moved historically and what has driven its performance in recent years.

In this article

    How is gold traded?

    Before discovering what the highest gold price ever was, it’s worth looking at how the precious metal is traded. Knowing the mechanics behind gold’s historical moves can help illuminate why and how its price changes.

    Gold bullion is traded in dollars and cents per ounce, with activity taking place worldwide at all hours, resulting in a live price for the metal. Investors trade gold in major commodities markets such as New York, London, Tokyo and Hong Kong. London is seen as the center of physical precious metals trading, including for silver. The COMEX division of the New York Mercantile Exchange is home to most paper trading.

    There are many popular ways to invest in gold. The first is through purchasing gold bullion products such as bullion bars, bullion coins and rounds. Physical gold is sold on the spot market, meaning that buyers pay a specific price per ounce for the metal and then have it delivered. In some parts of the world, such as India, buying gold in the form of jewelry is the largest and most traditional route to investing in gold.

    Another path to gold investment is paper trading, which is done through the gold futures market. Participants enter into gold futures contracts for the delivery of gold in the future at an agreed-upon price. In such contracts, two positions can be taken: a long position under which delivery of the metal is accepted or a short position to provide delivery of the metal. Paper trading as a means to invest in gold can provide investors with the flexibility to liquidate assets that aren’t available to those who possess physical gold bullion.

    One significant long-term advantage of trading in the paper market is that investors can benefit from gold’s safe-haven status without needing to store it. Furthermore, gold futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.

    Interestingly, investors can also purchase physical gold via the futures market, but the process is complicated and lengthy and comes with a large investment and additional costs.

    Aside from those options, market participants can invest in gold through exchange-traded funds (ETFs). Investing in a gold ETF is similar to trading a gold stock on an exchange, and there are numerous gold ETF options to choose from. For instance, some ETFs focus solely on physical gold bullion, while others focus on gold futures contracts. Other gold ETFs center on gold-mining stocks or follow the gold spot price.

    It is important to understand that you will not own any physical gold when investing in an ETF — in general, even a gold ETF that tracks physical gold cannot be redeemed for tangible metal.

    With regards to the performance of gold versus trading stocks, gold has an interesting relationship with the stock market. The two often move in sync during “risk-on periods” when investors are bullish. On the flip side, they tend to become inversely correlated in times of volatility. There are a variety of options for investing in stocks, including gold mining stocks on the TSX and ASX, gold juniors, precious metals royalty companies and gold stocks that pay dividends.

    According to the World Gold Council, gold’s ability to decouple from the stock market during periods of stress makes it “unique amongst most hedges in the marketplace.” It is often during these times that gold outperforms the stock market. For that reason, it is often used as a portfolio diversifier to hedge against uncertainty.

    What was the highest gold price ever?

    The gold price peaked at US$2,989.58, its all-time high, on March 13, 2025 at 3:38 p.m. PDT. What drove it to set this new ATH?

    Gold set a new record high on March 13 as US President Donald Trump expanded his tariff war to the European Union, and continued to reiterate his sentiment that the United States may need to go through a period of economic pain to enter a new ‘golden age’ of economic prosperity.

    Gold set multiple new highs in the prior month as uncertainty continues to reign under Trump, from his announcement that he would enact extensive tariffs on North American allies Canada and Mexico, to the proposed resettlement of Palestinians out of the Gaza Strip to develop it into ‘the Riviera of the Middle East,’ (a suggestion that has been condemned globally), followed by his announcement of blanket 25 percent tariffs on steel and aluminum imports.

    Gold also set a previous record high on February 20 as US President Donald Trump continued tariff talks and sided with Russian President Vladimir Putin against Ukrainian President Volodymyr Zelenskyy. Elon Musk’s call to audit the gold holdings in Fort Knox has also brought attention to the yellow metal.

    Read our in-depth breakdown of gold’s recent price performance below.

    2025 gold price chart

    2025 gold price chart. December 31, 2024, to March 13, 2025.

    What factors have driven the gold price in the last five years?

    Despite these recent runs, gold has seen its share of both peaks and troughs over the last decade. After remaining rangebound between US$1,100 and US$1,300 from 2014 to early 2019, gold pushed above US$1,500 in the second half of 2019 on a softer US dollar, rising geopolitical issues and a slowdown in economic growth.

    Gold’s first breach of the significant US$2,000 price level in mid-2020 was due in large part to economic uncertainty caused by the COVID-19 pandemic. To break through that barrier and reach what was then a record high, the yellow metal added more than US$500, or 32 percent, to its value in the first eight months of 2020.

    The gold price surpassed that level again in early 2022 as Russia’s invasion of Ukraine collided with rising inflation around the world, increasing the allure of safe-haven assets and pulling the yellow metal up to a price of US$2,074.60 on March 8, 2022. However, it fell throughout the rest of 2022, dropping below US$1,650 in October.

    Five year gold price chart. March 12, 2020, to March 13, 2025.

    Although it didn’t quite reach the level of volatility as the previous year, the gold price experienced drastic price changes in 2023 on the back of banking instability, high interest rates and the breakout of war in the Middle East.

    After central bank buying pushed the gold price up to the US$1,950.17 mark by the end of January, the US Federal Reserve’s 0.25 percent rate hike on February 1 sparked a retreat as the dollar and Treasury yields saw gains. The precious metal went on to fall to its lowest price level of the year at US$1,809.87 on February 23.

    The banking crisis that hit the US in early March caused a domino effect through the global financial system and led to the mid-March collapse of Credit Suisse, Switzerland’s second-largest bank. The gold price jumped to US$1,989.13 by March 15. The continued fallout in the global banking system throughout the second quarter of the year allowed gold to break above US$2,000 on April 3, and go on to flirt with a near-record high of US$2,049.92 on May 3.

    Those gains were tempered by the Fed’s ongoing rate hikes and improvements in the banking sector, resulting in a downward trend in the gold price throughout the remainder of the second quarter and throughout the third quarter. By October 4, gold had fallen to a low of US$1,820.01 and analysts expected the precious metal to be on the path to drop below the US$1,800 level.

    That was before the October 7 attacks by Hamas on Israel ignited legitimate fears of a much larger conflict erupting in the Middle East. Reacting to those fears, and rising expectations that the US Federal Reserve would begin to reverse course on interest rates, gold broke through the important psychological level of US$2,000 per ounce and closed at US$2,007.08 on October 27. As the Israel-Hamas fighting intensified, gold reached a then new high of US$2,152.30 during intraday trading on December 3.

    That robust momentum in the spot gold price has continued into 2024, chasing new highs on fears of a looming US recession, the promise of Fed rate cuts on the horizon, the worsening conflict in the Middle East and the tumultuous US presidential election year. By mid-March, gold was pushing up against the US$2,200 level.

    That record-setting momentum continued into the second quarter of 2024 when gold broke through US$2,400 per ounce in mid-April on strong central bank buying, sovereign debt concerns in China and investors expecting the Fed to start cutting interest rates. The precious metal went on to hit US$2,450.05 per ounce on May 20.

    Throughout the summer, the hits have just kept on coming. The global macro environment is highly bullish for gold in the lead up to the US election. Following the failed assassination attempt on former US President Donald Trump and a statement about coming interest rate cuts by Fed Chair Jerome Powell, the gold spot price hit a new all-time high on July 16 at US$2,469.30 per ounce.

    One week later, news that President Joe Biden would not seek re-election and would instead pass the baton to his VP Kamala Harris eased some of the tension in the stock markets and strengthened the US dollar. This also pushed the price of gold down to US$2,387.99 per ounce on July 22.

    However, the bullish factors supporting gold over the past year remain in play and the spot price for gold has gone on to breach the US$2,500 level first on August 2 on a less than stellar US jobs report before closing just above the US$2,440 level. A few weeks later, gold pushed past US$2,500 once again on August 16, to close above that level for the first time ever after the US Department of Commerce released data showing a fifth consecutive monthly decrease in a row for homebuilding.

    The news that the Chinese government issued new gold import quotas to banks in the country following a two month pause also helped fuel the gold price rally. Central bank gold buying has been a significant tailwind for the gold price this year, and China’s central bank has been one of the strongest buyers.

    Market watchers expected the Fed to cut interest rates by a quarter point at their September meeting, but news on September 12 that the regulators were still deciding between the expected cut or a larger half-point cut led gold prices on a rally that carried through into the next day, bringing gold prices near US$2,600.

    At the September 18 Fed meeting, the committee ultimately made the decision to cut rates by half a point, news that sent gold even higher. By Friday, September 20, it moved above US$2,600 and held above US$2,620.

    In October, gold breached the US$2,700 level and continued to set new highs on a variety of factors, including further rate cuts and economic data anticipation, the escalating conflict in the Middle East between Israel and Hezbollah, and economic stimulus in China — not to mention the very close race between the US presidential candidates.

    While the gold price fell following President Trump’s win in early November and largely held under US$2,700 through the end of the year, it began trending upwards in 2025 to the new all-time high discussed earlier in the article.

    Gold has seen upward momentum in the last year on a variety of factors. In 2025, the gold price was on the rise early in the new year as President Trump and his team began to talk seriously about a wide-ranging set of tariffs on several countries in the run-up and following his inauguration on January 20.

    On January 29, the Bank of Canada shaved 25 basis points off its policy interest rate, marking its sixth consecutive decrease, and announced plans to end quantitative tightening. On the same day, the US Federal Reserve opted to leave its interest rate unchanged. The following day, President Trump announced it very likely will be placing 25 percent tariffs on Mexico and Canada as of February 1, alongside tariffs on the EU and China.

    Gold price set new highs in all currencies alongside a weakening US dollar, the US Federal Reserve leaving interest rates unchanged, a rush to safe haven assets and the looming threat of US President Donald Trump’s tariffs on February 1. Additionally, new US economic data showed inflation-adjusted gross domestic product in the country increased an annualized 2.3 percent in the fourth quarter of 2024 after rising 3.1 percent in the third quarter.

    What’s next for the gold price?

    What’s next for the gold price is never an easy call to make. There are many factors that affect the gold price, but some of the most prevalent long-term drivers include economic expansion, market risk, opportunity cost and momentum.

    Economic expansion is one of the primary gold price contributors as it facilitates demand growth in several categories, including jewelry, technology and investment. As the World Gold Council explains, “This is particularly true in developing economies where gold is often used as a luxury item and a means to preserve wealth.” Market risk is also a prime catalyst for gold values as investors view the precious metal as the “ultimate safe haven,” and a hedge against currency depreciation, inflation and other systemic risks.

    Going forward, in addition to the Fed, inflation and geopolitical events, experts will be looking for cues from factors like supply and demand. In terms of supply, the world’s five top gold producers are China, Australia, Russia, Canada and the US. The consensus in the gold market is that major miners have not spent enough on gold exploration in recent years. Gold mine production has fallen from around 3,200 to 3,300 metric tons each year between 2018 and 2020 to around 3,000 to 3,100 metric tons each year between 2021 and 2023.

    On the demand side, China and India are the biggest buyers of physical gold, and are in a perpetual fight for the title of world’s largest gold consumer. That said, it’s worth noting that the last few years have brought a big rebound in central bank gold buying, which dropped to a record low in 2020, but reached a 55 year high of 1,136 metric tons in 2022.

    The World Gold Council has reported that central bank gold purchases in 2023 came to 1,037 metric tons, marking the second year in a row above 1,000 MT. In the first half of 2024, the organization says gold purchases from central banks reached a record 483 metric tons.

    David Barrett, CEO of the UK division of global brokerage firm EBC Financial Group, is also keeping an eye on central bank purchases of gold.

    In addition to central bank moves, analysts are also watching for escalating tensions in the Middle East, a weakening US dollar, declining bond yields, and further interest rate cuts as factors that could push gold higher as investors look to secure their portfolios.

    Speaking at the Metals Investor Forum, held in Vancouver, British Columbia, this September, Eric Coffin, editor of Hard Rock Analyst, outlined those key factors as supporting his prediction that gold could reach US$2,800 by the end of 2024.

    “When it comes to outside factors that affect the market, it’s just tailwind after tailwind after tailwind. So I don’t really see the trend changing,” Coffin said.

    Also speaking at the Metals Investor Forum, Jeff Clark, founder and editor at TheGoldAdvisor.com, was even more bullish on the precious metal. He sees Santa delivering US$3,000 gold as a good possibility.

    However, others see gold taking a little longer to breach the US$3,000 level. Delegates at the London Bullion Market Association’s annual gathering in October have forecasted a gold price of US$2,941 in the next 12 months.

    Should you beware of gold price manipulation?

    As a final note on the price of gold and buying gold bullion, it’s important for investors to be aware that gold price manipulation is a hot topic in the industry.

    In 2011, when gold hit what was then a record high, it dropped swiftly in just a few short years. This decline after three years of impressive gains led many in the gold sector to cry foul and point to manipulation. Early in 2015, 10 banks were hit in a US probe on precious metals manipulation. Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the Bank of Nova Scotia (NYSE:BNS) and other firms were involved in rigging gold and silver rates in the market from 2007 to 2013.

    Not long after, the long-running London gold fix was replaced by the LBMA gold price in a bid to increase gold price transparency. The twice-a-day process, operated by the ICE Benchmark Administration, still involves a variety of banks collaborating to set the gold price, but the system is now electronic.

    Still, manipulation has by no means been eradicated, as a 2020 fine on JPMorgan (NYSE:JPM) shows. The next year, chat logs were released in a spoofing trial for two former precious metals traders from the Bank of America’s (NYSE:BAC) Merrill Lynch unit. They show a trader bragging about how easy it is to manipulate the gold price.

    Gold market participants have consistently spoken out about manipulation. In mid-2020, Chris Marcus, founder of Arcadia Economics and author of the book “The Big Silver Short,” said that when gold fell back below the US$2,000 mark after hitting close to US$2,070, he saw similarities to what happened with the gold price in 2011.

    Marcus has been following the gold and silver markets with a focus specifically on price manipulation for nearly a decade. His advice? “Trust your gut. I believe we’re witnessing the ultimate ’emperor’s really naked’ moment. This isn’t complex financial analysis. Sometimes I think of it as the greatest hypnotic thought experiment in history.”

    Investor takeaway

    While we have the answer to what the highest gold price ever is as of now, it remains to be seen how high gold can climb, and if the precious metal can reach as high as US$5,000, US$10,000 or even US$40,000.

    Even so, many market participants believe gold is a must have in any investment profile, and there is little doubt investors will continue to see gold price action making headlines this year and beyond.

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    The outgoing prime minister of Greenland on Thursday said he would summon party leaders to strengthen their rejection of US President Donald Trump’s plan to annex the island territory, following his most recent comments on the issue.

    In an Oval Office news briefing with NATO Secretary General Mark Rutte earlier Thursday, the president expressed confidence the US takeover of Greenland “will happen.”

    Responding to a question from a journalist about his vision to annex the territory, Trump said, “I think it will happen.”

    “We need that for international security. Not just security, international,” he continued.

    Rutte did not comment directly on Trump’s statement, saying he did not “want to drag NATO” into the issue.

    However, he did acknowledge the importance of securing the Arctic region. “We know things are changing there, and we have to be there.”

    Greenland’s prime minister, Mute Egede, hit back at Trump’s comments in a post on Facebook, saying, “The U.S. president has once again aired the thought of annexing us,” Reuters reported.

    “Enough is enough,” he added.

    Egede said he had requested to summon party leaders to intensify their rejection of Trump’s plan.

    Jens-Frederik Nielsen, the leader of the island’s pro-business Demokraatit party – which won Greenland’s closely-watched parliamentary election Tuesday – also rejected the comments.

    “Trump’s statement from the US is inappropriate and just shows once again that we must stand together in such situations,” Nielsen wrote on Facebook, according to Reuters.

    Greenland’s election this week followed a race dominated both by Trump’s annexation threat and growing calls from residents for independence from Denmark.

    Trump has repeatedly expressed his desire to annex Greenland, home to about 57,000 people. All dominant parties in Greenland’s parliament have said they do not want the territory to become part of the United States.

    Denmark ruled Greenland as a colony until 1953, when the island achieved greater powers of self-governance. Then, in 2009, it gained more powers pertaining to minerals, policing and courts of law. But Denmark still controls security, defense, foreign and monetary policy. Greenland also benefits from Denmark’s European Union and NATO memberships.

    Trump’s idea to annex the territory threw an international spotlight onto the territory’s election and has raised questions about its security as the United States, Russia and China vie for influence in the Arctic.

    This post appeared first on cnn.com

    Measles cases in the European region surged last year to reach their highest levels since 1997, the World Health Organization and the UN’s children agency, UNICEF, said Thursday.

    An analysis by WHO and UNICEF found the number of measles cases reported in European region reached 127,352 in 2024, double the reported number from the previous year.

    Children younger than 5 accounted for 40% of those who contracted measles in the region, it said, adding that half a million children missed their first dose of the measles vaccine in 2023.

    “Measles is back, and it’s a wake-up call. Without high vaccination rates, there is no health security,” Dr. Hans P. Kluge, WHO’s regional director for Europe, said in a statement.

    The rise comes after a “backsliding in immunization coverage during the pandemic,” the report said. Vaccination rates in numerous countries have yet to return to pre-Covid levels, increasing the risk of further outbreaks, it warned.

    The European region accounted for a third of all measles cases globally in 2024, the report said. Immunization coverage for most of the region, it added, has fallen “below the recommended level for herd immunity, which is a vaccination rate of 95 per cent or higher.”

    The situation is acute in Bosnia and Herzegovina, Montenegro, North Macedonia and Romania where, the report says, less than 80% of eligible children were vaccinated against measles in 2023.

    It stresses vaccination remains the “best line of defense against the virus,” saying that a vaccinated person exposed to measles has at least a 97% percent chance of not contracting it.

    This post appeared first on cnn.com

    China is hosting diplomats from Iran and Russia for talks on Tehran’s nuclear program Friday as Beijing aims to position itself as a power broker on an issue seen internationally as a pressing security concern.

    China’s Executive Vice Foreign Minister Ma Zhaoxu will chair a meeting with counterparts from Iran and Russia in the Chinese capital “on the Iranian nuclear issue,” China’s Foreign Ministry announced earlier this week.

    The meeting, expected to be attended by Russian Deputy Foreign Minister Sergei Ryabkov and Iranian Deputy Foreign Minister Kazem Gharibabadi, comes as countries face pressure to find diplomatic solutions – or trigger a return to sanctions – as a key deadline from a 2015 Iran nuclear deal looms.

    President Donald Trump, who pulled the United States out of that agreement during his first term in office, is also pushing for a new deal, while European powers have held multiple rounds of talks with Tehran in recent months on the issue.

    There is an increasing sense of urgency around finding a diplomatic path to rein in Iran’s nuclear program amid conflict in the Middle East. The United Nations nuclear watchdog warns that Iran has rapidly expanded its stock of what is considered near-bomb-grade uranium. Iran denies it wants a nuclear bomb and insists that its nuclear energy program is “entirely peaceful.”

    It’s onto this stage that China now steps with its own diplomatic push, which observers say fits with Beijing’s aim to position itself as an alternative global leader to the US – a goal Chinese leaders see more opportunity to achieve as Trump shakes up foreign policy with his “America First” agenda.

    “China is increasingly motivated to deepen its involvement (in the Iran nuclear issue) to safeguard its interests, expand its regional influence and reinforce its image as a responsible global power,” said Tong Zhao, a senior fellow at the Carnegie Endowment for International Peace think tank in Washington.

    By having both Russia and Iran in the room, China “may also aim to highlight the significance of non-Western approaches to resolving global challenges,” he added.

    ‘Competing to solve the issue’

    China has long been an advocate for the 2015 nuclear deal – or Joint Comprehensive Plan of Action (JCPOA). The agreement, originally negotiated between all five permanent members of the UN Security Council and Tehran, restricts Iran’s nuclear program.

    Beijing has criticized the US withdrawal from the pact, while opposing American sanctions on Iran. Tehran moved away from its nuclear-related commitments following the US withdrawal.

    Under the 2015 deal, countries have until October to trigger a so-called “snapback” of international sanctions on Iran that were lifted under the JCPOA.

    “We still hope that we can seize the limited time we have before the termination date in October this year, in order to have a deal, a new deal so that the JCPOA can be maintained,” China’s UN Ambassador Fu Cong told reporters ahead of a special UN Security Council meeting on Iran’s nuclear program on Wednesday.

    “Putting maximum pressure on a certain country is not going to achieve the goal,” he said, in a reference to Trump’s approach to isolate Iran economically and diplomatically to stop Tehran from obtaining a nuclear weapon.

    Trump last week told Fox News he had written to Iran’s Supreme Leader Ayatollah Ali Khamenei, adding: “there are two ways Iran can be handled: militarily, or you make a deal. I would prefer to make a deal, because I’m not looking to hurt Iran.”

    But Iran has signaled in recent days it has no interest in speaking to Trump, with Khamenei criticizing efforts to negotiate from “bully states.”

    It’s unclear what form a potential new agreement would take – or how it would be brokered. But not reaching a deal could lead to escalation of the ongoing conflict in the Middle East that’s seen Israel and Iran exchange direct strikes or could see Tehran shift its position on nuclear weapons, observers say.

    “Effectively, everyone’s competing to solve this issue,” said Sanam Vakil, director of the Middle East and North Africa program at the London-based Chatham House think tank. “In the climate of several parallel efforts, this was an opportunity for Russia and China to align and try to put forward their version of what a deal might look like.”

    Both Beijing and Moscow are united in “not wanting to see Iran weaponize its nuclear program and trying to diplomatically look for a solution,” but may want a narrower deal focused around Tehran’s nuclear program, while Europe and perhaps the United States would like a broader agreement, according to Vakil.

    Iran also sees China and Russia as potential allies in such discussions. Tehran and Moscow have heightened cooperation in recent years as Iranian drones help Russia wage war in Ukraine.

    China remains a key economic and diplomatic backer for Iran, but also looks to balance its relationship with Tehran with growing ties to partners like Saudi Arabia. Last week, Russia, China and Iran held what Chinese state media said was their fifth joint naval drill since 2019.

    “For Iran, (the meeting in China) is a symbolic opportunity. It can continue to show its alignment with Russia and China … (and) continue to message that it seeks engagement,” Vakil said.

    China’s calculus

    A show of the trio’s alignment may also benefit Beijing at a time when the Trump administration seeks to undercut Beijing and Moscow’s close ties and push back against what they view as an emerging “axis” between China, Russia, Iran and North Korea.

    Russia has also offered to participate in nuclear talks between the US and Iran, a Kremlin spokesperson said, as Moscow-Washington ties warm under Trump.

    “The future policy directions of Russia and Iran will significantly influence China’s strategic options in the Middle East and beyond,” said Carnegie Endowments’s Zhao, pointing to this as one reason for Beijing to enhance its communication with Moscow and Tehran on such issues.

    “Such coordination also signals solidarity against potential US efforts to sow division among them,” he added.

    Beijing has much at stake in the Middle East.

    China relies on the region for energy and has worked to deepen its strategic ties there, including with wealthy Gulf states and traditional US allies. Beijing showed its ambitions to become a power player in the region in 2023 when it played a role in brokering a rapprochement between longtime rivals Iran and Saudi Arabia.

    China is also likely warily eying the potential that its own firms’ commercial ties to Iran could become entangled in Trump’s pressure tactics in Iran if no deal is reached, observers say.

    The meeting in Beijing, however, “is not an indication that China is interested in giving Russia and Iran a free ride here or allowing them to continue to subvert proliferation norms,” said Esfandyar Batmanghelidj, founder of the Bourse and Bazaar Foundation think tank.

    “What this reflects is China’s serious concerns that this crisis could accelerate in the Middle East if the Iran nuclear program is not dealt with through negotiations,” he said.

    Still, there are limits to Beijing’s capacity to be a broker on this issue even as it looks to amplify its role. It’s a comparatively inexperienced player in a region where the US has long been the dominant power, and despite its economic links to Tehran, observers say it has little sway over the country’s policy.

    “The Russians and Iranians understand that this is a relatively new role that China is taking as a mediator for these larger international disputes. There’s a lot of realism about the extent to which China can actually be the architect of these negotiations,” said Batmanghelidj.

    But they’re both “very happy to participate in the spectacle of China emerging as this new player,” he said.

    This post appeared first on cnn.com

    Editor’s Note: Warning: This story contains descriptions of rape and sexual violence.

    Sixteen-year-old Darkuna watched, terrified, as six gun-wielding men ransacked her home. “For God’s sake, what do you really want?” she cried.

    One of the fighters looked directly at the girl and responded: “I want you.”

    After stealing the family’s valuables, each of the armed men raped Darkuna and her 18-year-old sister. Their parents, helpless, were forced to watch.

    Darkuna is a pseudonym for the teenager, who provided this testimony to the United Nations’ children’s agency UNICEF via a partner organization on the ground in Goma, in the eastern Democratic Republic of Congo (DRC).

    Fighting has escalated in the mineral-rich region since the rebel coalition Alliance Fleuve Congo (AFC), of which the notorious M23 armed group is a key member, captured key territory earlier this year – including Goma, which as of late January was home to about 3 million people, of whom 1 million were displaced, according to a February Relief Web report.

    The conflict has exacerbated what’s been described as an epidemic of rape and sexual violence that aid groups say often victimizes the youngest and most vulnerable.

    Their accounts shed light on how rape is a horrifically common aspect of the conflict in the DRC, often committed with impunity against women and girls of all ages.

    ‘My grandmother could do nothing’

    In January, the rampaging AFC rebel coalition stormed Goma and clashed with the Congolese military. Electricity, basic services and water were cut off, while running street battles plunged the city into days of unrelenting violence that claimed some 7,000 lives. The bodies of the dead filled the streets.

    “Two men with guns forced their way into our home. My grandmother could do nothing but watch as they raped me. She cried, but she was powerless. We kept it a secret. I didn’t tell anyone. My grandmother was too ashamed and afraid,” Mudaralla’s account reads.

    “My grandmother’s biggest fear is that I might be pregnant or have contracted an infection. I don’t know what the future holds.”

    Mudaralla’s rape remained a secret until about a month after the assault, when a community outreach worker, affiliated with UNICEF, visited her neighborhood and encouraged her to receive treatment. Countless more girls suffer in silence and, even for those who seek help, medical care and psychological support are scant.

    Some 400,000 people were displaced by the outbreak of fighting earlier this year, according to the UN refugee agency UNHCR.

    In the chaos, hundreds of children were separated from their families, leaving them even more at risk of sexual violence by parties to the conflict, according to UNICEF.

    Children raped while fetching water

    For families that managed to remain together, there is no safe place to go and little infrastructure to protect them from the armed factions. Aid workers with Save the Children say fetching water from a well is one of the most dangerous activities for children in the conflict zone.

    “My two daughters, one aged 15 and the other aged 13, became victims of rape this morning,” a mother’s testimony reads. “When they were going to draw water, six armed men isolated them and raped them in turn. I wanted to intervene, but I had just escaped death after being shot at twice. My daughters are in very critical condition. Please pray for them.”

    Another account received by Save the Children details the assault of a young girl who, while drawing water near her home, was captured by armed fighters who tried to force themselves on her. When she resisted, the men shot the girl twice in the back. She survived and received medical treatment.

    The AFC rebel group, which is accused of serious human rights violations, continues its rapid advance in the eastern regions of the DRC, most recently claiming control of the strategic city of Bukavu, where aid workers say they are already receiving reports of more child rape victims.

    For survivors there is little prospect of justice. While allegations of rape are skyrocketing amid the latest fighting, sexual violence has haunted the DRC through decades of conflict, particularly in its mineral-rich east. In 2024 alone, tens of thousands of children received support after surviving sexual violence or rape, according to Save the Children.

    Rape is a weapon of war wielded by all parties to the conflict at a staggering rate, but most cases of sexual violence are never investigated or prosecuted, and very few are even reported, according to the UN.

    Rights groups say impunity protects and encourages perpetrators, fueling a cycle of rape and violence that has been accelerated by the surge in fighting.

    This year, with the conflict spiraling out of control, aid workers fear a generation of children will be physically and mentally scarred by such attacks.

    “Every day, we witness the devastating impact of sexual violence on children – some too young to even understand what has happened to them. We are providing urgent essential care, but no one should remain indifferent,” Toure said.

    This post appeared first on cnn.com