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World Gold Council quarterly report: Bullion, ETF purchase spree, Gold demand sees the strongest start in nine years.
① The World Gold Council report states that in the first quarter of 2025, global gold demand is expected to grow by 1% year-on-year, reaching 1,206 tons, setting the strongest demand record for a first quarter since 2016; ② The report indicates that retail investors continue to Buy gold bars and coins, the investment enthusiasm for Gold ETF has also reignited, and central banks across various countries continue to purchase gold to diversify their Forex reserves.
A Look Into Freeport-McMoRan Inc's Price Over Earnings
Southern Copper Declares $0.70 Dividend
Indonesia has raised mining taxes, with the nickel industry experiencing the largest increase. Industry giants warn that this may lead to production cuts or shutdowns!
The Indonesian government raised the royalty tax rates for nickel, Coal, Copper, Gold, and other minerals over the weekend. The biggest increase was in the nickel sector, which will rise from 10% to 14%-19%. Hendra Sinadia, Executive Director of the Indonesian Mining Association, warned that the operational costs for mining companies will increase and profits will be affected. Some companies may have to reduce production or even close mines.
Gold has come to a sudden stop, long positions have drastically decreased, and analysts warn that the trend has diverged from the fundamentals.
Barclays strategist Stefano Pascale stated that the surge in Gold Call Options after Trump's tariffs, leading to an inverted skew indicator, coupled with a sharp reduction in hedge fund long positions and the recent pullback in Gold prices, are all reasons to adopt a cautious outlook on Gold prices in the short term. The movement of Gold has already "decoupled" from the "fundamental drivers" such as the US dollar and real interest rates.
6 Out of 8 Basic Materials Stocks Deliver EPS Wins This Week - Earnings Scorecard
151453268 witso : I knew you would come around, spot on we dont want power handouts and negligable tax cuts,we want action and intelligent change not woke glaringly obvious pork barrelling. strength to the beautiful bondi strategist



REYBENDEAD : i love it