welcome back to our weekly update I'm Charlotte McLoud with investingnews decom and we're going to run through a few of this week's biggest stories in the mining industry if you like this video don't forget to subscribe to our Channel hit the like button and of course leave us a comment below let's get into it it's been a little while since we've done a weekly update but in a way we're picking up right where we left off with gold which rose to yet another new record high on March 27th nearly


touching 3,000 60 per ounce before pulling back so what factors are moving gold right now many of the experts I've been speaking to agree that the yellow metal is benefiting from long-term underlying drivers like Central Bank buying as well as recent turmoil surrounding tariffs the US economy and Global conflicts tariffs were definitely in Focus this week with US president Donald Trump signing an executive order to impose 25% tariffs on all automobile Imports starting on April 3rd Trump's


reciprocal tariffs are also set to go into to effect on that day anything can happen but at this point it seems fairly certain that gold itself is unlikely to face tariffs here's how Dana Samuelson of American Gold Exchange explained it well my opinion is that it doesn't make sense to tariff gold because it is a tier one asset and it's equivalent to a treasury so they're not going to tariff treasuries right so my tariff gold and the commodity uses for gold are about 5% compared to 9 5% being a monetary medal


so I don't think it makes sense to tariff gold I don't think we'll just have to see what happens he added that silver which has strong industrial applications in addition to its monetary side could face tariffs and copper is another story entirely Trump previously ordered the Department of Commerce to investigate tariffs on copper and while it was supposed to provide a report within 270 days sources now indicate it could come sooner people familiar with the matter told Bloomberg that the


investigation is looking like little more than a formality and the news has bolstered prices for the red metal copper Futures on the comx in New York Rose to an all-time high this week although London copper prices declined creating a larger spread between the two going back to Gold the precious metal is also digesting last week's US Federal Reserve meeting which saw the Central Bank leave rates unchanged while officials are still calling for only two cuts this year Danielle D Martino boo of


Qi research said she thinks the FED could cut as many as four to five times in 2025 here's what she said so I I do see the pace of uh of layoffs and bankruptcies um in the US economy as is probably uh going to put the FED in a tight position going into May we've got two non-farm per reports before they meet on May the 7th and I think that because the unemployment rate is just a rounding error shy of being at 4.2% that there is a risk a very tangible risk given again all of the layoffs store


closures that we've SE seen in 2025 in the economic Fallout not just not just in the public sector but more so in the private sector that the fed's going to be at its 4.4% yearend unemployment rate target a lot sooner than it foresees such that uh you know the president could be wrer we could be seeing quite a few more than two interest rate Cuts this year I foresee maybe four or five the next data point to watch will be us personal consumption expenditures data which will be released by the time this


video is posted elsewhere in the precious metal space silver is spending time in the spotlight as social media users plan a silver squeeze 2.0 for March 31st many Market participants will be familiar with the 2021 silver squeeze when members of reddit's Wall Street bets Forum tried to squeeze the market like they did for GameStop the movement got a lot of attention but ultimately petered out this time around the push seems to have originated on X formerly Twitter Where It's Quickly gained Traction in the


silver community days ahead of the official squeeze the white medals price is on the Move sparking optimism about what Will unfold next week while silver is known for frustrating its followers it's also widely known to move quickly when it does break out for now we'll have to wait and see what plays out on Silver squeeze day I'll be speaking with David Morgan of the Morgan report about what exactly is going on with silver so keep an eye out for that interview next week and let me know if there's anyone


else you'd like to hear from on this topic thank you for watching if you like this this video make sure you hit the like button and subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below [Music]