Silver Rises Over 120% YTD 
Uncertainty looms over the gold market as Washington considers tariffs on imported gold bullion bars, a move that has already rattled prices and disrupted global trade. Barrick Mining CEO Mark Bristow says the industry awaits official clarification, but downplays potential negative effects, noting miners could benefit if prices rise. Barrick’s Q2 earnings exceeded forecasts, supported by higher gold prices, even as production fell due to halted Mali operations amid a dispute with the military government. The company has no plans to sell its Loulo-Gounkoto mine despite losing control and incurring a $1.03 billion write-down.
News
Gold, Silver Swing as Ceasefire Cracks
The US-Iran ceasefire is barely holding. Gold closed at $4,768 and silver at $75.60 after wild swings. Oil snapped back above $100 as Iran still controls the Strait. FOMC minutes revealed growing inflation fears and a hawkish shift. Here’s your PM roundup.
April 9, 2026
