{"id":21154,"date":"2025-09-26T19:58:20","date_gmt":"2025-09-26T19:58:20","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/09\/26\/editors-picks-silver-price-breaks-us46-gold-sets-another-new-all-time-high\/"},"modified":"2025-09-26T19:58:20","modified_gmt":"2025-09-26T19:58:20","slug":"editors-picks-silver-price-breaks-us46-gold-sets-another-new-all-time-high","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/09\/26\/editors-picks-silver-price-breaks-us46-gold-sets-another-new-all-time-high\/","title":{"rendered":"Editor\u2019s Picks: Silver Price Breaks US$46, Gold Sets Another New All-time High"},"content":{"rendered":"<\/p>\n

Precious metals are wrapping up a record-setting week once again. <\/strong><\/p>\n

Silver was in the spotlight, pushing past US$46 per ounce, a price not seen since 2011. At that level, it\u2019s up about 55 percent year-to-date, a better performance than gold.<\/p>\n

Still, gold\u2019s price activity is nothing to sneeze at. The yellow metal had another record-setting week, this time getting close to US$3,800 per ounce. It continues to see support from a variety of underlying factors, but turning heads this week was the news that China is looking to boost its position in the global gold market by becoming a custodian of foreign sovereign gold reserves.<\/p>\n

People familiar with the matter said that in recent months the Asian nation has been approaching central banks in \u2018friendly\u2019 countries with the aim of encouraging them to buy gold and store it in China. Experts see the move as yet another part of the de-dollarization trend.<\/p>\n

If China is successful, foreign gold reserves would be held in custodian warehouses linked to the international board of the Shanghai Gold Exchange. The board was set up by the People\u2019s Bank of China in 2014, and is where foreign entities trade gold with Chinese counterparts.<\/p>\n

Also relevant for gold this week were comments from US Federal Reserve Chair Jerome Powell. During a Providence, Rhode Island, speech on Tuesday (September 23), he indicated that the central bank will take a cautious approach to interest rates after last week\u2019s 25 basis point cut.<\/p>\n

The Fed has faced ongoing calls from US President Donald Trump to make bigger cuts more quickly, and while Powell continues to resist pressure, CME Group\u2019s (NASDAQ:CME) Fedwatch tool still shows that a reduction is highly likely at the Fed\u2019s October meeting.<\/p>\n

With gold trading at or near all-time highs, a key question for investors is whether the price has more room to run. I\u2019ve been speaking with a variety experts about that topic, and I encourage you to go check out the interviews on our YouTube channel to hear their full thoughts.<\/p>\n

For now I\u2019ll sum up the view points I\u2019ve been hearing most often. <\/p>\n

First and foremost, the message I\u2019ve been getting is that gold\u2019s run is not over \u2014 US$4,000, which once sounded like a fairly distant number, is now only US$200 to US$300 away, and many market watchers see it getting there by the end of the year, if not sooner. <\/p>\n

Prices beyond US$4,000 are also being talked about as attainable.<\/p>\n

There is of course a caveat, and that is that nothing can go straight up, including gold. Especially now after its rapid upward momentum, the broad consensus is that a correction is all but guaranteed, and perhaps soon. Here\u2019s how Steve Barton of In It To Win It explained it:<\/p>\n

\u2018I would be pretty shocked if we got up to US$4,000 and didn\u2019t have some type of corrective move. I suppose anything\u2019s possible \u2014 we blew through US$3,750, I didn\u2019t expect that. So maybe it\u2019ll go on up. But we\u2019re getting pretty stretched here.\u2019<\/p>\n

\n

Bullet briefing \u2014 Freeport drops, Lithium Americas spikes <\/h3>\n

Copper up on Freeport force majeure<\/h4>\n

Copper prices were on the rise this week after major miner Freeport-McMoRan (NYSE:FCX) declared force majeure at its Indonesia-based Grasberg copper-gold mine.<\/p>\n

Grasberg has been offline since September 8, when around 800,000 metric tons of mud flowed into underground levels at the operation. Seven employees went missing during the incident, with two now confirmed to have died; search efforts continue for the other five.<\/p>\n

Freeport has cut its copper and gold sales guidance for the third quarter of the year, and expects to defer \u2018significant\u2019 production in Q4 as well as 2026. Preliminary assessments suggest that Grasberg may not return to pre-incident operating rates until 2027.<\/p>\n

The company\u2019s share price took a dive on the back of the news.<\/p>\n

Putting the impact into context, Bloomberg notes that prior to the disruption, Grasberg accounted for about 3.2 percent of copper mine supply this year, as well as 30 percent of Freeport\u2019s copper output and 70 percent of its gold production.<\/p>\n

Lithium Americas shares spike<\/h4>\n

On the opposite end of the spectrum, Nevada-focused Lithium Americas (TSX:LAC,NYSE:LAC) saw its share price spike over 100 percent this week after Reuters reported that the Trump administration may be gearing up to take a 10 percent equity stake in the company.<\/p>\n

Lithium Americas finalized a US$2.26 billion loan from the US Department of Energy last year, but the government has been looking to renegotiate terms due to concerns about low lithium prices. <\/p>\n

Lithium Americas reportedly proposed a change in the loan\u2019s amortization schedule, with the request for an equity stake in the company coming during those discussions.<\/p>\n

Reuters states that to secure its funding, Lithium Americas offered the government no-cost warrants that would equate to 5 to 10 percent of its common shares. <\/p>\n

The loan is tied to the company\u2019s Thacker Pass lithium project, which is set to open in 2028.<\/p>\n

\u2018President Trump supports this project. He wants it to succeed and also be fair to taxpayers. But there\u2019s no such thing as free money,\u2019 an anonymous White House official told the news outlet. <\/p>\n<\/div>\n

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Precious metals are wrapping up a record-setting week once again. Silver was in the spotlight, pushing past US$46 per ounce, a price not seen since 2011. At that level, it\u2019s up about 55 percent year-to-date, a better performance than gold. Still, gold\u2019s price activity is nothing to sneeze at. The yellow metal had another record-setting […]<\/p>\n","protected":false},"author":0,"featured_media":21155,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-21154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/21154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=21154"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/21154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/21155"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=21154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=21154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=21154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}