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Gold is closing in on an all-time high as resurgent Chinese demand and fears over the health of regional US banks have added further fuel to the six-month rally in the precious metal.

Most bright red sports cars do not make much of their green credentials. Yet a test run in Bicester, Oxfordshire, by the startup Zero Petroleum last month gave a glimpse of a future in which combustion engines did not add new carbon to the atmosphere. The car was running on e-fuel: petrol made using electricity, hydrogen from water, and carbon captured from the air.

Platinum is a precious metal, but mostly it is an industrial metal used as a catalyst in catalytic converters for motor vehicles. South Africa is running low on power to mine and refine Platinum. We might be able to live with less platinum, but there would be major adjustments in the industries affected.

Comex gold futures prices are modestly up in early U.S. trading Monday. Silver prices are near steady. The key outside markets are friendly for the precious metals to start the trading week, as the U.S. dollar index is weaker and crude oil prices are solidly higher. The technical charts remain solidly bullish for gold and silver. June gold was last up $7.30 at $2,032.00 and July silver was down $0 ...

Gold and silver prices are seeing strong selling pressure in late-morning trading Friday, following another U.S. jobs report that came in better than the consensus forecast. Featured is solid profit-taking from the shorter-term futures traders after both gold and silver scored good gains this week, including gold futures hitting a new record high.

Gold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes.

Joe McElroy got into his Honda sedan one morning in late 2020, turned the key, and heard a loud screech. “Gotdamn,” he said. As a mechanic, he knew instantly that his car’s catalytic converter — a football-sized device on the undercarriage between the engine and muffler that reduces environmentally harmful exhaust emissions — had been stolen, sawed off overnight while the car sat in the driveway ...

The board of Australia's Newcrest Mining has recommended the latest takeover offer of bigger sector player Newmont, which last month valued the target company at $19.5 billion. "The latest offer is one that the board would be prepared to recommend subject to successful due diligence during the period," interim Newcrest chief executive Sherry Duhe said this week, as quoted by Bloomberg.

Comex gold futures prices are up and overnight hit a new record high of $2,085.40 an ounce, on safe-haven demand amid a jittery U.S. banking system and worries about a U.S. and/or global economic recession. Silver prices are also higher. June gold was last up $13.80 at $2,050.90 and July silver was up $0.234 at $25.915.

Gold prices fell 0.5% to $1,980.78 per ounce on May 3 due to the strengthening of the US dollar ahead of an interest rate hike decision to be made later in the week by the Federal Reserve. Meanwhile, JPMorgan acquired a majority of assets and liabilities of First Republic Bank. "If we see a meaningful downturn in US economic data that expanded rate cut expectations for the back half of this year ...

South Africa’s Sibanye Stillwater has resumed output at its Stillwater West mine in Montana, United States, and production should be back to normal around the end of April, the company said on Monday, after repairs to shaft infrastructure.

The theft of $20 million in gold and other high-end items from Pearson International Airport was likely a well-planned professional job and if authorities don’t get the gold back quickly, it’s likely gone forever.

The gold market is clinging to $2,000 an ounce heading into the weekend; however, strong neutral sentiment in the marketplace suggests that the precious metal is in no hurry to go anywhere anytime soon.

The US is considering tough new rules that would require two-thirds of new vehicles to be electric by 2032. The proposed regulations - revealed by the Biden Administration’s Environmental Protection Agency yesterday - would set tough greenhouse gas emissions limits on the car industry.

In November 2022 the European Commission proposed new Euro 7 standards to reduce pollutant emissions from vehicles and improve air quality. Their stated aims were to ensure cleaner vehicles on the road and improved air quality, protecting the health of citizens and the environment.

Nicky Shiels, head of metals strategy at MKS PAMP, says if the Fed can’t do a good enough job in orchestrating a soft landing for the economy, gold prices could trade upwards of $2,500 an ounce.

Gold price consolidates its recent gains to a fresh one-year high and seesaws between tepid gains/minor losses through the first half of the European session on Friday. The XAU/USD is currently placed around the $2,040 area and seems poised to prolong its recent upward trajectory witnessed over the past month or so.