Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump pushes ‘Big, Beautiful Bill’ as solution to...
Trump’s fresh White House portrait sparks interest amid...
South Koreans cast votes for new president to...
Puerto Rico permits nonbinary gender marker on birth...
Still a no: Rand Paul says $5T debt...
LIZ PEEK: Trump must stay strong, US reliance...
Trump DOJ investigating Biden-era pardons amid concerns over...
FBI calls for public tips on children hurt...
Challenges posed by Trump and Putin push UK...
Edward Sterck: Platinum Price on the Move, Perfect...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Editor’s Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

by admin June 1, 2025
June 1, 2025
Editor’s Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

The gold price saw peaks and troughs this week.

After rising to almost US$3,350 per ounce on Monday (May 26), the yellow metal took a dive, dropping just below the US$3,260 level on May 28 (Wednesday). It was back on the rise the next day, hitting US$3,324.

Trade tensions were in focus throughout the period.

Concerns lessened early in the week, when US President Donald Trump said he would delay raising tariffs on the EU, but uncertainty ratcheted back up on Wednesday (May 28), when an American trade court issued a ruling that blocked most of his tariffs put in place by his administration.

“It is not for unelected judges to decide how to properly address a national emergency” — Kush Desai, White House spokesperson

The decision prompted a flurry of activity and backlash from Trump and his supporters, with a federal appeals court ultimately reinstating the tariffs on May 29 (Thursday).

The turmoil was beneficial for gold, as was news that the US economy shrank by 0.2 percent annually in Q1. The GDP estimate is the second of three from the Bureau of Economic Analysis, and comes in lower than the first calculation of a 0.3 percent contraction.

Bullet briefing — Glencore restructures, Anglo completes spinoff

Glencore restructuring move sparks M&A talk

Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has quietly moved billions worth of global coal and ferroalloys assets into an Australian subsidiary.

The Australian Financial Review was the first to report the news, and it’s already sparked speculation about renewed M&A talks between Glencore and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). The two major companies reportedly engaged in discussions last year, but in the end did not move forward.

With this restructuring from Glencore and Rio Tinto’s CEO due to step down later this year, market watchers see potential for a deal to be done.

Anglo American spins off Valterra Platinum

Anglo American (LSE:AAL,OTCQX:AAUKF) made headlines elsewhere this week as the firm finished demerging its platinum-group metals unit, Valterra Platinum (JSE:VAL).

Valterra, formerly Anglo American Platinum, began trading on the Johannesburg Stock Exchange on May 28, and will have a secondary listing in London as of June 2.

Anglo made the decision to spin off Valterra after heading off a US$49 billion takeover bid from BHP (ASX:BHP,NYSE:BHP,LSE:BHP) last year. The company embarked on a restructuring plan that will see it hone in on copper and iron ore.

Interestingly, Valterra’s debut comes alongside a platinum price boost. The metal recently broke out to its highest level in about two years, nearly reaching US$1,100 per ounce.

Edward Sterck of the World Platinum Investment Council believes it’s too soon to tell whether the rise is sustainable, but he does see a ‘perfect storm’ brewing for platinum.

Here’s how he explained it:

I think platinum’s fundamentals are just highly attractive at the moment. You’ve got really constrained supply, you’ve got demand that is actually beginning to show some real signs of growth, driven principally by an inflection in jewelry demand and by ongoing growth in investment demand.

And so given those things are resulting in these really significant deficits — this is the third year of almost a million ounces of deficit out of an 8 million ounce market — those are just rapidly depleting those aboveground stocks … this has all generally come together as a perfect storm. We are seeing that tightness in the market, and I feel quietly optimistic that we’re going to see that long-awaited price response come through.

Watch the full interview for a more in-depth look at supply and demand dynamics for platinum.

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

This post appeared first on investingnews.com

previous post
Unfinished Business: The budget cuts Musk couldn’t complete and what’s next for DOGE
next post
Trump shares post saying Biden was executed, replaced with clones

You may also like

Retail Investors Look to Trigger Silver Squeeze 2.0

April 1, 2025

Westport Announces Lock-Up Agreements in Support of the...

May 1, 2025

Nuclear Fuels Announces the Discovery of New Mineralized...

January 29, 2025

Cartier Resources Closes Offering with Paradigm Capital and...

April 24, 2025

JZR Gold Inc. Closes Non-Brokered Private Placement Offering...

March 5, 2025

Mine Sites Leveraging AI, Predictive Technology to Boost...

December 4, 2024

Drilling Commenced at Ferke Gold Project, Cote d’Ivoire

November 12, 2024

Silver47 Drills 2.9m of 1,078.8 g/t Silver Equivalentat...

November 21, 2024

Astral’s Group Gold Mineral Resource Increases to 1.46Moz...

November 3, 2024

Sarama Resources Submits Request for Arbitration Against Burkina...

December 11, 2024

Recent Posts

  • Trump pushes ‘Big, Beautiful Bill’ as solution to four years of Biden failures: ‘Largest tax cut, EVER’
  • Trump’s fresh White House portrait sparks interest amid controversy over National Portrait Gallery leadership
  • South Koreans cast votes for new president to succeed Yoon after his ouster over martial law declaration
  • Puerto Rico permits nonbinary gender marker on birth certificates in landmark court decision
  • Still a no: Rand Paul says $5T debt increase in ‘Big, Beautiful Bill’ a deal-breaker

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (753)
    • Investing (2,237)
    • Politics (2,766)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.