Inflation, higher interest rates and a strong dollar are bad for gold prices. On the other hand, war, geopolitical stress, bad job reports and stagflation are good for gold. The consensus on gold prices for 2026 is cautiously bullish, with many analysts expecting the precious metal to consolidate at higher levels. I believe gold will see resistance at $5,000, with $100-200 …
Continue ReadingOil above $100. The economy just lost 92,000 jobs. India opens institutional silver buying in 19 days. And the mining industry can’t respond. On March 12, Brent crude closed above $100 per barrel for the first time since August 2022—after Iran’s new Supreme Leader, Mojtaba Khamenei, declared that the Strait of Hormuz must remain closed. The International Energy Agency responded by announcing the largest …
Continue ReadingGold miners with large open-pit operations could face the biggest margin pressure from the conflict in the Middle East as higher oil prices threaten to lift fuel and consumable costs in the near term, Jefferies says. Open-pit mines are particularly vulnerable to fuel inflation because diesel powers haul trucks, electricity generation and much of the processing chain, Jefferies mining analysts led by …
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