Wall Street grows cautious on gold, Main Street remains optimistic about further gains

Nobody wants to be short gold this weekend

Global debt and money supply break records, fueling gold and Bitcoin rallies

Gold once again shows its mettle

Volatile yet strong end to the week for Bitcoin and stocks, gold holds the line

China’s massive Swiss gold imports are already tariff-exempt, but they could still impact future trade agreements

Who is Satoshi Nakamoto? HBO documentary to answer crypto’s biggest question

Gold prices struggle as U.S. economy created 254K jobs in September

It would be 'shocking' if silver didn't break all-time highs - Dolly Varden Silver's Shawn Khunkhun

Robust US jobs report reignites market activity, Bitcoin spikes to $62k

Price pressure on gold, silver after stronger U.S. jobs report 

Gold is rising exponentially along with government debt

Couer to acquire SilverCrest in $1.7 billion all-share deal

Gold prices erase their gains after the US NFP data, here is why

Metals keep rolling after good jobs report, and Couer acquires SilverCrest for $1.7 billion

Blowout US employment report reinforces economy's resilience

JPMorgan, Bank of America no longer see a half-point Fed rate cut in November

Pound, gold and oil prices in focus: commodity and currency check

JPMorgan now sees the Fed cutting by 25 basis points

EUR/USD forecast – Euro drops after Non-farm payroll

September jobs report builds case for smaller Fed rate cut in November

Crypto Today: Bitcoin and Ethereum gain, XRP holds steady ahead of $1 billion options expiry

Bitcoin gets US employment boost as BTC price eyes $300M ask liquidity

Is the stock market open today? 10 market holidays in 2024 and 2025.

NFP: US job growth blasts off with 254,000 hires in September, smashing consensus views

US Sept payrolls jump takes Nov 50 bp cut off the table

Bitcoin weekly price forecast – Bitcoin continues to see range unfold

Fed seen slowing rate-cut pace after strong US jobs data

Coinbase to delist noncompliant stablecoins under EU MiCA rules

Traders wipe out bets on big Fed cuts as jobs data hits bonds

Bitcoin price forecast – Bitcoin continues to see chop

A decade-long commodity supercycle is just getting started – analysts 

Gold market analysis for October 4 - key intra-day price entry levels for active traders

Commodities boom ahead as global inflation and supply chain shifts take hold - Philippe Gijsels

Costco adds platinum bars to precious metals offering after skyrocketing gold sales

Shanghai gold market shows signs of rebounding consumer confidence during China’s ‘Golden Week’ holiday

‘Debasement trade’ will continue to benefit gold and Bitcoin – JPMorgan

World Gold Council embraces blockchain: gold tokenization pilot prepares for digital future

Despite near-term consolidation, gold still on pace to hit $3,000 in 2025 - Saxo Bank’s Hansen

Bitcoin’s ‘digital gold’ status questioned as gold surges and BTC falls

Ohio state senator introduces bill to allow crypto to be used for tax payments

Gemini to exit Canadian market, close all accounts by end of 2024 

US Rep. Maxine Waters says ‘crypto is inevitable’ as the race to regulate stablecoins heats up

Kamala Harris highlights blockchain, AI, and tech leadership amid growing crypto focus

Bitcoin/gold ratio could increase by 400% in 2025 – Peter Brandt

Over 70% of leading financial advisors admit to holding Bitcoin, client allocations expected within a year – Bitwise CIO

HSBC unveils quantum leap in gold token security

Bitcoin price and the presidential outcome: $120k with Trump, $75k with Harris – analysts

Bank of Canada suspends plans to introduce CBDC to the public

Ethereum is the contrarian bet you shouldn’t ignore – Bitwise CIO Matt Hougan

Years of 'favorable conditions' - Skeena Gold + Silver's Walter Coles on precious metal catch up

China’s commerce ministry said on Wednesday it has asked the World Trade Organization (WTO) to rule on Canada’s imposition of steep tariffs on Chinese electric vehicles as well as steel and aluminum products.Following the lead of the United States and European Union, Canada began imposing on Tuesday a 100% levy on EVs shipped from China, having also announced in late August a 25% tariff on Chinese steel and aluminum products.“China has raised a litigation to the WTO over Canada’s unilateral and trade protectionist measures, and will conduct anti-discriminatory probe into these restrictive measures,” the ministry said in a statement.The ministry repeated its strong opposition to the tariffs, which it says will “disrupt and distort global industrial and supply chain.”(By Chen Aizhu; Editing by Shri Navaratnam)

China files appeal to WTO on Canada’s tariffs on EVs, metal products

Chilean state-run miner Codelco has signed a letter of intent with Swedish-Swiss technology company ABB to explore a collaboration focused on decarbonizing and automating its operations, the copper giant said in a statement Friday.The strategic collaboration between both companies would be a long-term one, Codelco said, with the aim of identifying the miner’s innovation needs to pursue its commitments to sustainable development.(By Daina Solomon and Aida Pelaez-Fernandez; Editing by Gabriel Araujo)

Codelco signs letter of intent to collaborate with ABB on decarbonization

Russian aluminum producer Rusal plans to double the capacity of its Boguchansky aluminum smelter in Siberia to 600,000 metric tons by 2030, the local government in the Krasnoyarsk region, where the plant is located, said on Friday.Rusal, the world’s largest aluminum producer outside China, launched the first production line at Boguchansky in 2019. The plant is jointly owned with the state-controlled power generating company Rushydro.The local government’s statement quoted Rusal vice president, Elena Bezdenezhnykh, as saying that construction work at Boguchansky will start in 2025.Rusal, which accounts for 5.5% of global aluminum output, operates 11 smelters with a combined capacity of 4.6 million tons. The company did not respond to a request for comment.(By Anastasia Lyrchikova and Gleb Bryanski; Editing by Louise Heavens)

Rusal plans to double Boguchansky smelter capacity by 2030

Brazilian miner Vale aims to boost its copper production, the company’s new CEO said on Wednesday, conceding it has lost ground to its competitors in output of the key industrial metal.Vale is a top global iron ore producer, while also operating base metal projects including copper and nickel.“We have fallen behind on copper,” CEO Gustavo Pimenta said in his first public remarks since starting his new role on Tuesday. He was previously the miner’s chief financial officer.Vale is on track to produce between 320,000 and 355,000 metric tons of copper this year, according to company guidance, versus what Pimenta described as annual output of more than 1 million tons by top players in the market.At a press conference, Pimenta also batted down expectations for an initial public offering for the firm’s base metals unit, saying that is not under consideration right now.Vale owns 90% of Vale Base Metals, which groups together its nickel and copper assets. Manara Minerals, a joint venture between Saudi Arabian miner Ma’aden and Saudi Arabia’s Public Investment Fund, bought a 10% stake earlier this year.Pimenta said once the base metals unit grows its copper production to some 500,000 tons of annual production, the company will then consider whether it needs to tap capital markets for funding. He did not provide a timeline for when he expects to reach that output goal.Executives from Vale and state-owned development bank BNDES also announced they will create a 1 billion real ($183.6 million) fund to support local mineral projects key to the energy transition away from fossil fuels.Vale and BNDES will contribute up to 250 million reais each to the fund.Pimenta was named CEO in late August, wrapping up a succession process in which some board members departed amid accusations of political intrigue.President Luiz Inacio Lula da Silva’s government has pressured Vale to invest more in Brazil.($1 = 5.4458 reais)(By Marta Nogueira and Andre Romani; Editing by Kylie Madry, Jamie Freed and David Alire Garcia)

Vale’s new boss pledges to grow copper output after falling behind rivals

Zimbabwe has softened its requirements for lithium miners to process the mineral locally, a government official said on Thursday, as the industry battles to survive a price slump over the past year.Africa’s top lithium producer, Zimbabwe had last year given producers up to March 2024 to submit plans of how they would produce battery-grade lithium in the impoverished southern African country.Prices of lithium, which is mainly used in battery technologies, have fallen more than 80% in the past year largely due to overproduction from China and a drop in demand for electric vehicles.The price collapse has forced companies like Chinese battery giant CATL to suspend production at certain mines. Albemarle, the world’s top lithium miner, implemented a second round of cost cuts earlier this year and laid off workers.In Zimbabwe, lithium miners including Sinomine Resource Group’s Bikita Minerals, have been forced to cut production and lay off workers as the impact of weak prices has been compounded by the country’s poor infrastructure, currency volatility and policy inconsistencies.The Zimbabwe government would now take a measured approach in its quest to localize lithium processing, deputy mines minister Polite Kambamura told Reuters.“We are now considering them on a case by case basis and also considering the level of investments already put in the country,” Kambamura said.Chinese firms including Sinomine, Zhejiang Huayou Cobalt, Chengxin Lithium Group, Yahua Group and Canmax Technologies have spent more than $1 billion over the past three years to acquire and develop lithium projects in Zimbabwe.“Some commenced mining operations five months before the deadline, so we are considering where the project is,” he added.Sinomine has said it plans to spend up to $500 million building a lithium sulphate plant at Bikita within the next five years.Huayou has said it is conducting feasibility studies for a lithium sulphate plant at its Arcadia mine.Kambamura said the government was open to dialogue with lithium miners over their struggles.“We understand the prices are low but they are beginning to firm up. The fact that there are upcoming projects means the environment is favourable,” he added.(Reporting by Nyasha Chingono; Editing by Nelson Banya and Angus MacSwan)

Zimbabwe softens stance on local lithium processing after price collapse

Wiradjuri elder Nyree Reynolds calls her home west of Sydney the valley of the Bilabula, the Indigenous name for its river. The river features in Wiradjuri stories about the creation of their land, she told state planning regulators, “And no one has the right to destroy this.”On her objections, the Australian government in August ordered miner Regis Resources to find a new dam site for a A$1 billion ($685 million) gold project on the grounds its proposed location for storing rock and chemical waste would irreparably harm culture attached to the river.The decision by Environment Minister Tanya Plibersek under a rarely used Aboriginal heritage protection law has stoked an outcry from mining groups who say Regis followed all legal processes and the decision raises sovereign risk for developers.The government’s action adds to the uncertainty miners have faced since iron ore giant Rio Tinto legally destroyed ancient Aboriginal rock shelters at Juukan Gorge four years ago and raises the urgency to overhaul heritage protection laws.At least three other resources projects are facing review, like Regis did, under Section 10 of the law that allows Aboriginal people to apply to protect areas important to them when other legal avenues have failed.“You can get all the state environmental approvals, all the federal environmental approvals and at the end of the process a Section 10, … essentially a federal minister can … make your project unviable,” said Warren Pearce, CEO of the Association of Mining and Exploration Companies.“That’s the definition of sovereign risk.”While Reynolds objected to Regis’ mine, a local Aboriginal group representing Wiradjuri people, authorized by the state to speak for cultural heritage, had concluded that impacts from the project could be managed.Regis said in August it is considering its legal options after writing down the value of its project by more than $100 million.The decision on Regis’ project was the second by the government in as many months to back Indigenous groups over miners.ERA, majority owned by mining giant Rio Tinto, is suing the government on procedural fairness grounds after it did not renew the miner’s exploration lease on uranium rich land.Government officials and some investors say developers need to engage earlier and more deeply with Indigenous groups when planning projects, but new laws governing heritage protection that would assist the process are yet to arrive.The government has not said when it expects to finalize the legislation. Only Western Australia has made some heritage reforms, leaving the industry relying on a patchwork of old state legislation to manage heritage protection at a time when Australia is marketing itself as a supplier of ethical metals.Votes at stake Resources projects with outstanding Section 10 objections include miner Bellevue Gold’s plan to dig under a desert lake and Woodside’s Scarborough natural gas project that will feed a gas plant in a region rich in ancient rock art that the government has nominated for a UNESCO World Heritage listing. Both projects are in Western Australia.But not all objections are equal when it comes to politics, especially with the centre-left Labor government facing an election in 2025.Woodside is unlikely to face the same setback as Regis, said MST Marquee senior energy analyst Saul Kavonic, as the $12.5 billion Scarborough gas project is “extremely politically important to the Labor government in Western Australia”.Plibersek’s office said it could not comment on the Scarborough project as the issue is under consideration.Both Woodside and Bellevue said they take their responsibilities to manage Aboriginal cultural heritage seriously.Bellevue said it has permission from the Tjiwarl native title group to dig under the lake as part of a heritage management plan.The government’s action comes after it failed in a referendum last year that sought to give Indigenous Australians special recognition in the country’s constitution and an advisory voice to lawmakers.Some people think the government is now acting to appease inner city east coast voters who backed the referendum and who may want to vote for the Greens rather than support mining.“Here is a government trying to scramble to make itself look good, because it absolutely gutted the opportunity for us to have a voice in Parliament,” said Wonnarua man Scott Franks, who has filed three section 10s against developments in the state’s coal rich Hunter Valley region and lost them all.When asked if she was catering to Green voters with her decision on Regis, Plibersek told reporters on Aug. 28 that she had consulted widely: “I made the decision based on facts.”Australia’s minister for Indigenous Australians, Malarndirri McCarthy, said the government was working hard with Aboriginal groups on new heritage protection laws.“The Australian government is deeply concerned about the destruction of First Nations heritage values anywhere in Australia,” McCarthy said in a statement to Reuters.Tighter rules on the way A key issue that needs to be addressed is to make clear exactly who developers need to consult to ensure projects do not harm important sites on the traditional lands or countries of Indigenous groups.“Our whole objective is to remove this sort of uncertainty that people are dealing with to make it clear who speaks for the Country,” Plibersek told Australian Broadcasting Corp on Aug. 28.Regis said it had consulted with 13 different groups and individuals during the permitting process.“Regis takes its relationship with the Aboriginal stakeholders at our operations very seriously and conducted extensive engagement with Aboriginal parties from an early stage in the approvals process,” it said in a statement to Reuters.To help miners manage consultations on protecting Aboriginal heritage while the rules are revised, the Responsible Investment Association Australasia, which counts 75% of the country’s institutional investors as members, worked with First Nations, the government and mining giant BHP on best practices.“The current laws remain inadequate, which is why we need investors and corporates themselves to step up,” the association’s co-CEO, Estelle Parker, said.Among its recommendations, the association urges miners to adhere to free, prior and informed consent that can be withdrawn at any time.The guide is “ambitious and probably unrealistic”, law firm Ashurst said in a 2024 report, but it advised miners to get familiar with it.“Be aware that change will come to Federal heritage laws. When it does, it will be closer to the expectations expressed in these recent publications than the current legal framework.”($1 = 1.4601 Australian dollars)(By Melanie Burton; Editing by Sonali Paul)

Australian mine fight reignites Aboriginal heritage tensions

The London Metal Exchange (LME) said on Wednesday it is monitoring tightness in the aluminum market, which has seen a key spread shoot to a sizeable premium and one party amass a large long or bullish position in the October contract.“The LME is closely monitoring the tightness in the aluminum market and has the necessary controls in place to ensure continued market orderliness,” the LME said in response to a request for comment.The premium of LME October aluminum over November hit $18 a tonne on Wednesday from a premium of $5.85 about three weeks ago and a discount of $17.50 in July.Read More: Aluminum squeeze rolls on with key LME spread spiking again(Reporting by Eric Onstad; Editing by Kirsten Donovan)

LME monitoring aluminum market after spike in spread

Madagascar’s nickel and cobalt miner Ambatovy has shut down a pipeline supplying ore from its mine in the country’s east to a processing and refinery plant due to damage, its major shareholder Sumitomo Corp said.As Ambatovy continues to assess the impact on operations and the timeline for recovery, traders said that the incident could tighten supplies in the cobalt market if the stoppage goes on for more than two months.The cause of the damage to the slurry pipeline, which occurred on Sept. 25, is being investigated, Sumitomo said in a statement on Monday, adding that no injuries were reported.The Japanese trading house has been struggling to stabilize production and improve profitability at the Ambatovy project, which launched in 2005.The project produced about 8,000 tonnes of nickel during the April-June quarter, down from about 10,000 tons a year earlier, Sumitomo said in July. It expects annual production of 35,000 tons for the year to March 31.It did not disclose its cobalt production. According to Darton Commodities, Ambatovy produced 3,390 tons of cobalt last year.Sumitomo owns a 54.2% stake in the project companies – Ambatovy Minerals, a mining company, and Dynatec Madagascar, a refining company – while the remaining stake is held by Korea Mine Rehabilitation and Mineral Resources.The Ambatovy nickel project companies filed a debt restructuring plan with a court in London in August. Sumitomo Corp said at that time that the filing was part of their effort to ensure the stable and efficient operation of the project, not a liquidation process.(Reporting by Pratima Desai and Polina Devitt; Editing by Jan Harvey)

Madagascar’s nickel and cobalt miner Ambatovy shuts down ore pipeline

Some companies in Asia and Europe are starting to substitute cheaper aluminum wire for copper and the trend is due to gain momentum as copper prices are expected to see further gains, consultancy CRU said on Tuesday.“Over the past year we have been seeing rapidly growing interest, people are putting two and two together,” CRU analyst Aisling Hubert told an event during London Metal Exchange Week.“We have had a lot of conversations with our clients.”Many firms regarded a rally by copper in May to a record high in May of over $11,100 per metric ton as a sign of higher prices in the future as the energy transition boosts demand, she added.Both copper and aluminum are good conductors of electricity, but there is a big gap in their price.Currently, the price of copper is 3.8 times that of aluminum and CRU forecasts that the ratio will rise above 4 next year, a key level seen as driving more substitution, said Hubert, who specializes in wire and cable markets.“We see substitution taking place, but it’s not everywhere and certainly there’s massive regional diversity.”The state Chinese power grid, a huge user of metal, is expected to stick with copper because officials are risk averse and worried about potential problems in switching metals, she said.“In the high voltage submarine cables connecting the power grids between countries, we expect those to stay copper, but almost everything else is up for grabs,” Hubert added.For example, substitution was currently taking place by manufacturers who use electrical wire for motors in appliances such as refrigerators in Asian countries such as Japan and Korea, she said.(Reporting by Eric Onstad; editing by David Evans)

Firms substituting cheaper aluminum for copper, trend growing

'Can you do more?' - New Gold's Patrick Godin on investors pushing miners to grow production

'We are accumulating cash at a pace' we hadn't planned for - Orla Mining's Jason Simpson

Wall St Week Ahead Investors look to earnings to support record-high stock prices

Coin	Price	1h%	24h%	7d%	Volume (24h)	Market Cap
Bitcoin BTC	$61,894.75	0.20	-0.87	-5.65	7.78B	1.22T
Ethereum ETH	$2,405.74	0.35	-0.94	-9.81	4.31B	289.58B
Tether USDT	$1.00	0.00	0.00	0.00	127.41M	124.97B
XRP XRP	$0.53	-0.15	-1.01	-13.80	478.17M	53.01B
Binance Coin BNB	$561.01	0.22	0.77	-6.14	243.83M	33.02B
USD Coin USDC	$1.00	0.00	0.00	0.00	434.82M	35.57B
Solana SOL	$142.06	0.13	-1.17	-9.08	886.52M	83.24B
Cardano ADA	$0.35	0.17	-0.94	-12.60	110.38M	15.67B
Dogecoin DOGE	$0.11	0.28	-1.45	-15.64	315.11M	15.85B
Tron TRX	$0.15	-0.13	-1.98	-0.58	126.85M	13.28B

Nasdaq Composite

Dow Jones Industrials Average

S&P 500 Index

Metals Futures