⛏️ Gold Breaks Higher

PLUS: Ukraine Lithium Stakes

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👷‍♀️ Greetings Contrarian!

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📝 Here are the highlights

💪 Gold Breaks Higher

🧐 Ukraine Lithium Stakes

🐦 Bullish Uranium Outlook

📌 Daily Commodity Prices

Source: TradingEconomics and Numerco.

💪 Gold Breaks Higher

Gold surged to a more than four-month high—spot gold rose 1.2% to $3,486.86 per ounce, reaching levels not seen since April 23, thanks to growing expectations of a Federal Reserve interest rate cut this month, along with a weaker dollar.

U.S. gold futures for December increased 1.1% to $3,554.60. Silver also rallied strongly, climbing 2.2% to $40.56 per ounce, its highest price since September 2011. Analysts cited dovish remarks from San Francisco Fed President Mary Daly and a weakening dollar following legal setbacks to Trump-era tariffs as key catalysts.

The rally was further amplified by thin trading liquidity due to a U.S. bank holiday.

Additionally, platinum and palladium posted gains of 1.5% and 0.8%, respectively.

🧐 Ukraine Lithium Stakes

Ukraine has launched a tender for the Dobra lithium deposit in the Kirovohrad region, offering a 50-year development agreement requiring at least $179 million in investment as part of a new minerals deal with the US.

The move underscores Ukraine’s bid to exploit its under-explored critical mineral resources, which include about a third of Europe’s lithium endowment, while aligning with Western efforts to reduce reliance on China for processing.

However, the project faces legal uncertainty after Critical Metals (NASDAQ: CRML) and its top shareholder, European Lithium (ASX: EUR), claimed rights to the deposit through a disputed licence.

Despite this, US-backed investment firm TechMet and other bidders are preparing offers, with Kyiv stressing the need for not just extraction but also local value-added development.

📰 In Other News

🐦 Bullish Uranium Outlook

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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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