Metals Monday: Tariffs Move the Gold Needle Again

A late breakout in gold moved its price up in a trend that’s continued into this week.

Metal Price Update

Gold — Gold largely held steady over the course of the week. Increasing geopolitical tensions were offset by a Fed set on keeping interest rates where they are. That changed with the shooting down of Trump’s tariffs by the Supreme Court. Gold started the week just over $5000 per ounce and a late rally pushed it over $5110 at the end of the week. Trump’s announcement of new tariffs moved the price beyond that this morning. This shows the bull market still has plenty of life left.

Silver — Silver benefited much the same. It started the week around $76 per ounce and ended just above $84. Silver was one of the breakout stars of the commodity bull market and it might be looking to reclaim that glory.

Copper — Copper saw some upward movement as well, but in a tighter range. It started around $5.75 per pound and ended around $5.87. Much of the capital may have flowed into gold and silver, leaving little left over for copper. It’s still a strong addition to any portfolio, however.

Lithium Carbonate — Lithium prices have been holding steady following the Lunar New Year. It sits around $20,800 per metric ton and the fundamentals point to a continued uptrend in the coming months.

Uranium — Uranium held in a tight range, starting and ending around $89 per pound. Stockpiling has largely cooled for now, so these stabilized prices present a strong buying opportunity for something that’s guaranteed to see increased demand sooner than later. 

Company Callout

Hannan Metals (TSX-V: HAN)(OTC: HANNF) is a name in the commodity sector that has recently gone overlooked because of a drawn-out permitting process, but it could soon be one that every resource investor chases.

The company just announced that recent campaigns confirmed two new high-grade trends containing silver, gold, and copper mineralization. It’s a district-scale property and the company still has plenty of exploration planned.

Put simply, this is a play that will likely reward patient investors, especially as silver, gold, and copper continue to prove their resilience in the market. The pullbacks these metals have been showing have been lasting days instead of months, and the moves back toward highs have been rewarding investors who had the stomach to weather the choppiness.

So if you want to learn more about Hannan Metals, its prospects, and investment guidance for the best profit potential, you can learn all of that in the pages of Junior Resource Speculator by clicking here.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Resource Stock Digest