Gold has now beat its inflation-adjusted peak which was set more than 45 years ago. The reason? Analysts point to ongoing uncertainty around the US economy. The spot price of gold has surged about 5% so far this month, with prices hitting an all-time high on Tuesday. It's set more than 30 records thus far in 2025, but this latest rally has taken it through an inflation-adjusted peak set on Jan. 21, 1980.
Canada is working to wean its reliance off the United States and is turning in part to mining to do so. Prime Minister Carney announced that the country will throw its weight behind mining, energy and infrastructure projects as part of an economic overhaul. The country's newly created Major Projects Office has been tasked with ensuring the five initial projects—which include a small modular nuclear reactor and two mining projects—resolve any remaining regulatory and permitting approvals, and secure financing.
More than 20 Australian minerals companies are coming to the U.S. next week to explore areas for collaboration. The delegation will be led by the Australian Trade and Investment Commission and will visit New York and Washington, meeting with senior officials from the Trump administration. Although sources described the trip as fairly routine, the visit comes just after Australian Prime Minister Anthony Albanese and President Trump discussed the potential of increased collaboration on minerals.
