Sprott-backed gold trading platform secures investment, launch imminent

Sentiment towards gold is supported by fears over US government debt and elevated geopolitical tensions.

Tom Palmer pointed to artificial intelligence as a surprisingly large new source of copper demand.

The machine at GS Retail Co.’s convenience store sells gold bars from as big as 37.5 grams (1.32 ounces) to as small as less than 1 gram.

DeLamar project in southwest Idaho includes the historic DeLamar gold mine and the Florida Mountain deposit.

The combined company will be managed by the team that discovered and developed the Brucejack mine.

Palladium’s shortfall may ease to about 200,000 oz. in 2025 before swinging into a surplus the following year and to as much as 700,000 oz. by 2028, the World Platinum Investment Council said.

Novelis had planned to sell 45 million shares for $18 to $21 each, and Hindalco would have owned about 92.5% of the company after the IPO.

Traders are currently pricing in about a 59% chance of a Fed rate cut in September, according to CME FedWatch.

Stockpiles of the metal held in Shanghai Futures Exchange warehouses ended last week well above 300,000 tonnes.