Spot gold prices are down and spot silver prices are sharply lower in early U.S. trading Tuesday, as a firmer U.S. dollar and renewed oil volatility offset support from lower Treasury yields.
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) said its Havieron gold-copper project in Western Australia has cleared both primary environmental approval hurdles, keeping the company on track for a targeted Final Investment Decision in the current June quarter. The company said approval from the Western Australian Minister for the Environment was received on 25 May, following a recommendation from the WA Environmental Protection Authority that the project be implemented subject to specified environmental conditions.
Gold edged lower as traders weigh developments surrounding a potential U.S.-Iran deal.
The gold reserves of Russia's central bank declined for the fourth consecutive month in April, recording the sharpest drop in a quarter century.As of May 1, the Central Bank of Russia (CBR) held 73.9 million ounces of gold bullion in its international reserves. In just one month, their gold reserves decreased by 200,000 ounces, bringing the total decline since the start of 2026 to 900,000 ounces.
The impacts of the recent changes to India's precious metals import policies continue to play out, with bullion banks, investors, ETFs and jewelers all working to navigate the new regime. Now, the country's mining industry is speaking out, arguing that the world's second-largest gold and silver market must become more than just an importer.
Spot gold prices are up and spot silver prices are sharply higher in early Monday trading, as a weaker U.S. dollar, lower Treasury-yield expectations and a sharp drop in crude oil prices supported precious metals.
Gold (XAU) and silver (XAG) prices rose on Monday due to weakness in the U.S. dollar and U.S. Treasury yields. This weakness stems from the drop in oil prices due to easing tensions in the Strait of Hormuz.
Gold and silver rose in early trade on hopes for a U.S.-Iran deal to end the conflict.
Gold and silver continue to do what they do best: frustrate traders, as the precious metals have become significantly more nuanced within their broader consolidation pattern.
The latest Kitco News Weekly Gold Survey showed Wall Street still firmly bearish on gold's near-term prospects, while Main Street maintained its stubborn bullish bias despite gold's losses.
Spot gold prices were lower and spot silver prices were also under pressure in late afternoon trading on Friday, as firm Treasury yields, a stronger dollar tone and hawkish Fed inflation language offset residual safe-haven demand tied to the Strait of Hormuz and U.S.-Iran talks
Gold remains in a bullish long-term structure but continues a corrective phase as momentum fades, volatility contracts, and price compresses toward a potential breakout zone.