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The best performing precious metal for the week was palladium, up 6.96%, after getting shellacked 13% in the prior week’s election turmoil. In the prior week, gold posted its biggest weekly drop since 2021, only to have its biggest weekly surge this week since March of this year as tensions escalate around the Russia-Ukraine conflict. Longer-range missiles are now being deployed, with Russia asserting that countries that supply these long-range missiles are fair targets for Russia to attack.
Ramelius Resources COO Duncan Coutts stepped down to pursue other opportunities, but he will remain at the company until early December. Peter Ganza has been appointed acting COO. Silver presents a compelling opportunity as resilient ETF holdings signal strong investor confidence, despite recent price volatility. With bullish outlooks for gold and increasing ETF inflows during price pullbacks, silver appears poised for further gains, building on its impressive 30% year-to-date growth.Bank of America notes the 1.1-million-ounce decline in global gold ETF holdings of gold since the recent peak of 84.1 million ounces, a decline that accelerated with the conclusion of the U.
is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .
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