Nasdaq Commodities

Russia’s gold reserves continued to shrink in September, with central bank holdings falling by approximately 62 metric tons since December 2025. The country’s gold holdings declined by 6.2 metric tons last month to approximately 2,264 metric tons, reaching their lowest level since 2019, according to Bank of Russia data reported by the Moscow Times on Tuesday (October 20). The decline comes as Russia faces budget problems due to high wartime spending and falling oil and gas revenues.The country’s budget deficit reached 5.8 trillion rubles (US$68.4 billion) in the first eight months of 2026, surpassing the full-year target of 3.8 trillion rubles (US$44.8 billion).Russia has not disclosed the full cost of its invasion of Ukraine, though the country plans to boost its 2027 defense spending by 27 percent to 17.1 trillion rubles (US$202.58 billion), hitting its highest military budget allocation since 2022. The reduction in gold holdings is believed to be linked to the use of assets from the National Wealth Fund to cover that deficit.Gold exports have been redirected to Asia, with Hong Kong and China becoming its primary buyers. Hong Kong imported 112.7 metric tons of Russian gold in the first seven months of 2026, surpassing the entire 2025 total of 92.1 metric tonsIn a September update, the World Gold Council reported that central banks recorded net gold purchases of 23 metric tons in July and Russia was the largest reported net seller that month, reducing its holdings by 6 metric tons.The country has sold 200,000 troy ounces in the last month alone, which equates to 6.2 metric tons, and has also reduced its sovereign gold holdings to 72.8 million troy ounces — the lowest it has been since 2019. The bank has now consecutively reduced its gold holding for 10 months.Meanwhile, Russia’s gold reserves dropped to approximately US$301.6 billion by the end of September, down from US$333.4 billion the previous month.Central Bank Governor Elvira Nabiullina addressed the decline in Russia’s gold reserves at a press conference on September 11. "The small decrease that has occurred now is mainly related to Finance Ministry's operations, with funds from the National Wealth Fund; this happens as part of the fiscal rule. Gold is also used for the production of coins," Nabiullina said. "We do not disclose additional details of our operations with gold.”Earlier this year, Russia’s natural resources minister drew attention to the country’s gold production figures, estimating output at 485 metric tons in 2025 and forecasting 480 to 500 metric tons in 2026, figures that differ from independent estimates.Metals Focus puts Russian mine output 28.8 percent below official claims, highlighting growing uncertainty around the country’s gold sector amid Western sanctions. Despite the discrepancy, Russia continues to promote its position as a global gold producer, citing new discoveries and expanding reserves.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Aastha Sethi, hold no direct investment interest in any company mentioned in this article.

From late 2025 through mid-2026, a median-priced new US home cost less than 100 ounces of gold in every quarter, the first time that’s happened since data collection began in 1963. The previous low came in 1980, at the end of gold’s 1970s run, when the figure bottomed out at exactly 100 ounces.The house price stood at 91 ounces in the second quarter of 2026, down 82 percent from 509 ounces in the first quarter of 1963, according to MiningVisuals’ analysis of US Census Bureau and HUD home-price data via FRED and World Bank gold prices.Gold, not housing, drove most of the latest drop. Year-over-year, the Q2 median new-home price fell 1.3 percent, while gold’s quarterly average rose 37 percent, from US$3,293 to US$4,512 per ounce, according to World Bank commodity price data. ​Builders keep a lid on dollar prices Infographic via MiningVisuals.In dollar terms, the market has barely moved. FRED data show the quarterly median has held between US$408,500 and US$435,400 since 2023, after peaking at US$442,600 in the fourth quarter of 2022. It stood at US$410,700 in the second quarter of 2026.Monthly figures have dipped lower. The Census Bureau’s July new-home report, released on August 25, put the median at US$393,800, which HousingWire noted was the lowest since July 2021. Infographic via MiningVisuals.Builders are behind much of the weakness. In August, 35 percent of US home builders cut prices, by an average of 6 percent, and 63 percent offered buyers other incentives, according to the National Association of Home Builders’ monthly survey. HousingWire attributes much of the median’s decline since 2022 to builders selling more smaller, lower-priced homes. Builders are also paying for mortgage-rate buydowns, which lower the buyer’s interest rate, the publication reports.Gold’s own pullback nudged the ratio back up in the second quarter. Bullion’s average of US$4,512 came in below the first quarter’s US$4,876 as the metal eased from its early-2026 record, lifting the cost of a new house from 84 ounces to 91.The ounce count hit its high of 684 in 1970, when governments, not markets, set the price of gold. The Bretton Woods system pegged gold at US$35 an ounce. From March 1968, only central banks traded at that price while everyone else paid a market rate, and the US stopped exchanging dollars for gold in August 1971, according to Federal Reserve History.With gold pinned near US$35, rising house prices did all the work. From the first quarter of 1963 to the second quarter of 1970, the median new-home price rose 37 percent, while gold’s average price gained just 2 percent, to US$35.67.Later lows came at the end of gold’s record runs. Gold hit a then-record US$850 in January 1980, and the ounce count fell to 100 that year. It then dropped to 131 in the third quarter of 2011, when gold set its September record of US$1,920.MiningVisuals’ series runs through the second quarter of 2026. For July, the World Bank put gold’s average price at US$4,073 an ounce, and the Census Bureau put the median new-home price at US$393,800. MiningVisuals is your go-to source for mining insights and visuals — transforming complex data into clear graphics that highlight the essential minerals building our future.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

A study of analyst recommendations at the major brokerages shows that Hecla Mining Co (Symbol: HL) is the #48 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mi

Belo Sun Mining (TSX:BSX,OTCQB:BSXGF) is in the midst of another legal challenge at its Volta Grande gold project in Brazil, where the Supreme Court has temporarily suspended the installation license pending approval of a settlement agreement.In a Wednesday (October 21) news release, the company said the Supreme Federal Court partially granted a request by the country's Federal Public Prosecutor’s Office (MPF) to overturn a February ruling that reinstated the project’s license.The suspension will remain in effect until the Federal Regional Court of the 1st Region (TRF-1) approves an agreement – which has already been submitted to the court – between Belo Sun and Brazil’s National Foundation of Indigenous Peoples (FUNAI)."The STF’s recognition of the relevance of the settlement hearing established by the TRF-1 is welcomed,” Belo Sun CEO Clovis Torres said.“We are advanced in our discussions with FUNAI with the settlement agreement submitted to TRF-1 and are confident that the parties will reach an agreement in the best interests of all stakeholders.”The project’s installation license had been suspended since 2017. In February 2026, a TRF-1 ruling reinstated the license, finding that Belo Sun had met judicial requirements concerning its Indigenous Component Study and consultation process. The State of Pará reissued the license in April, extending its validity until April 2029.In September, the MPF asked the Supreme Court to suspend the license reinstatement, a request opposed by both Belo Sun and Pará state. A separate lawsuit challenging the project’s Indigenous Component Study was permanently dismissed in July after the claimant did not appeal. Another legal action filed that month sought further consultation with the Mebêngôkre-Xikrin people and additional measures related to environmental licensing.Despite the ongoing legal hurdles, Belo Sun has continued advancing technical work at Volta Grande. In May, the company engaged G Mining Services to assess the work required for an updated definitive feasibility study, which it targeted to wrap up early next year.The company has also reported progress on project planning, recruitment and training programs to prepare local workers for an estimated 1,700 construction jobs.In the October 21 news release, Belo Sun confirmed it will now refrain from carrying out physical work at the project site but “remains committed to the ongoing conciliation process and will continue its discussions with FUNAI and the Indigenous communities.”Belo Sun added that both parties are already meeting their obligations under the agreement, despite awaiting court approval.Shares of Belo Sun fell from C$1.16 (October 20) to C$0.94 on Thursday, October 22. As of 9:30 a.m. EST shares were trading for C$0.98. Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Aastha Sethi, hold no direct investment interest in any company mentioned in this article.

(RTTNews) - Gold held steady on Friday but headed for its steepest weekly loss in over four months as a result of rising oil prices and higher-for-longer interest rate expectations.

(RTTNews) - Oil prices surged to a five-month high on Friday amid concerns over further disruption to energy supplies following Houthi strikes on Saudi oil infrastructure and Red Sea ports.

Private investor and Substack newsletter writer Craig Tindale shares his thoughts on recent and potential future actions from the US Department of the Treasury, explaining their impact on the bond market, national debt and ultimately the gold sector. "I think we're heading into a very significant change in US treasuries, in gold, in international debt, in the value of the dollar — just about everything we can imagine," he said. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

In trading on Thursday, shares of Teck Resources Ltd (Symbol: TECK) entered into oversold territory, changing hands as low as $58.75 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure moment

In trading on Thursday, shares of Trekor Metals Ltd (Symbol: TGB) crossed below their 200 day moving average of $7.59, changing hands as low as $7.27 per share. Trekor Metals Ltd shares are currently trading off about 8.4% on the day. The chart below shows the one year perform

In trading on Thursday, shares of Compass Minerals International Inc (Symbol: CMP) entered into oversold territory, changing hands as low as $20.95 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to

In trading on Thursday, shares of Ero Copper Corp (Symbol: ERO) entered into oversold territory, changing hands as low as $29.93 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum o

In trading on Thursday, shares of Cameco Corp. (Symbol: CCJ) entered into oversold territory, changing hands as low as $78.26 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a

(RTTNews) - Crude oil prices have surged on Thursday amid increasing concerns of long-term supply disruptions following reports that the U.S. and Israel are planning for a joint military operation against Iran after the November midterm elections in the U.S.

(RTTNews) - Gold prices have plunged on Thursday as concerns of energy-linked inflation leading to a high interest rate regime in the U.S. overrode gold's safe-haven status following a New York Times report that the U.S. and Israel are planning to conduct a short but intense mili

A study of analyst recommendations at the major brokerages shows that Century Aluminum Co. (Symbol: CENX) is the #36 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Gl

(RTTNews) - Gold prices fell over 1 percent to reach their lowest level in more than two weeks on Thursday as investors reacted to escalating Middle East tensions and looked ahead to a series of central bank meetings due next week for direction.

(RTTNews) - Oil prices surged on Thursday, approaching a near four-year high reached in May amid renewed concerns over escalating supply risks in the Middle East.

In trading on Wednesday, shares of Vale SA (Symbol: VALE) entered into oversold territory, changing hands as low as $12.63 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a sc

In trading on Wednesday, shares of Orvana Minerals Corp. (Symbol: ORVMF) entered into oversold territory, changing hands as low as $1.36 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure mo

(RTTNews) - Crude oil prices have edged lower on Wednesday following reports indicating progress in Strait of Hormuz shipping traffic over the past few days while traders monitored the developments on the U.S.-Iran peace proposal pushed by Pakistan and Qatar.