Ryan Stancil,
Editor
March 2, 2026
Commodity Callout
Investors are piling right back into gold as a safe haven thanks to dismal economic news and new conflict in Iran.
Metal Price Update
Gold — Grim economic news late in the week turned out to be good for commodities. Gold started the week around around $5,250 per ounce and fell as low as $5,130 before surging Friday and ending the week just shy of $5,300. The outbreak of war in Iran could push that even higher. This just goes to show how quickly things can change with the right catalyst.
Silver — It was the same story with silver, which started around $88 per ounce and ended around $94. Despite the doomsayers, these commodities are still proving their worth as safe havens.
Copper — Copper also surged, starting around $5.80 per pound and ending just over $6. This is still a buying opportunity, because it has the potential to go much higher, but it isn’t something you want to hesitate on.
Lithium Carbonate — Lithium prices climbed over the past week, starting the week around $22,000 per metric ton and ending around $25,000. Zimbabwe, a top global producer, suspended exports, which certainly contributed to the surge in price.
Uranium — Uranium continues to hold in a tight range, around $89 per pound. With stockpiles built, there isn’t as much demand for buying more, but uranium’s undeniable status in the clean energy future means that this is a buying opportunity for savvy investors.
Company Callout
With copper pursuing higher prices, one name to consider for your portfolio is Gladiator Metals (TSX-V: GLAD)(OTC: GDTRF). Its project, the Whitehorse Copper Project in the Yukon, is continuing to advance.
Permits are expected soon that will allow the company to drill new targets that have been identified by exploration, tonnes that are thought to number in the millions. The funding is already in place and the project is located in a stable, proven jurisdiction with strong infrastructure. The company’s many prospects include trends that contain copper, copper-gold, and copper-molybdenum mineralization, so investors benefit from the demand of multiple elements, not just copper.
The company’s value has been climbing lately, especially in light of recent news, and it’s poised to keep climbing in the ongoing copper and gold bull markets. You can learn more about the company, including buy-price guidance, in the pages of Underground Alpha by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest