Precious metal markets show strength but also fluctuate

Threatening letters have now been sent to all major trading partners. While US import duties stood at 2.5 per cent at the beginning of 2025, they are now around 16 per cent, and this figure could still rise. Following the latest announcements from the US, precious metal prices initially rose. Profit-taking followed. Whether precious metals will actually be exempt from tariffs is uncertain, to say the least. Silver even climbed to its highest price since 2011, but profit-taking followed there as well.

Gains in gold are more moderate, due to a stronger US dollar. There is therefore uncertainty as to what should benefit gold as a safe haven. Gold is the best store of value, outperforming paper currencies. There is ongoing debate about where the true value of gold lies. Many people are familiar with the example that, from ancient times to the present day, an ounce of gold can buy a tailor-made suit. There is also the comparison between bread and gold. Long ago, the Babylonian king decreed that one ounce of gold was equivalent to 350 loaves of bread. This also applies to today's gold price, as it is well known that buying bread from the bakery is significantly more expensive today than it was a few years ago. In any case, demand for gold from investors and central banks is rising, while the supply of gold is not expanding significantly.

Many gold mining companies have not kept pace with the gold price in terms of their share prices. Gold mining stocks are therefore certainly a good option alongside physical gold investments. Goldshore Resources and Fury Gold Mines are examples of well-positioned companies. 

Goldshore Resources - https://www.commodity-tv.com/ondemand/companies/profil/goldshore-resources-inc/ - owns the advanced Moss Gold Project in Ontario. The project is 100% owned and has excellent infrastructure.

Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - has a gold and mineral exploration portfolio totaling over 157,000 hectares in Quebec. The well-known Agnico Eagle has invested in Fury Gold Mines.

Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Goldshore Resources (- https://www.resource-capital.ch/en/companies/goldshore-resources-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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