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👷♀️ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and enjoyed some tacos. 🌮
📝 Here are the highlights
😍 Gold Fever Returns
🌎 Map of Copperdom
🐦 Lights, Camera, Gold!
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
😍 Gold Fever Returns
Gold surged past $3,200 per ounce today, reaching a record high of $3,237.56 as fears of a recession, a weakening dollar, and escalating U.S.– China trade tensions fueled demand for safe-haven assets.
The metal is up nearly 6% for the week, with spot gold trading at $3,217.15 per ounce and U.S. gold futures at $3,234.90. Beijing responded to Trump’s latest tariff hike, heightening fears of global economic disruption.
Analysts highlight rising bond yields and central bank demand as additional support, with UBS predicting prices could rise to $3,400–3,500 per ounce in the coming months.
Traders now anticipate that the Fed will resume rate cuts by June.
🌎 Map of Copperdom
MINING.COM and The Northern Miner have mapped global copper production into five geopolitical “spheres of control”: American, Chinese, Russian, Coalition of the Willing, and Undrafted. These spheres reflect geographic, cultural, and economic alliances amid a more polarised global landscape.
The American Sphere leads with 48.7% of copper output over the past five years, followed by the Chinese Sphere at 29.9%.
The Russian and Coalition spheres each account for just under 10%, with 1.9% of production uncategorised.
Top copper-producing nations include Chile, the DRC, and Peru.
📰 In Other News
🐦 Lights, Camera, Gold!
My next videos will have a special addition to the background.
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Tag ‘em below.
— Fabi (@TheNextBigRush)
8:14 AM • Apr 11, 2025
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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