Until recently, two further interest rate cuts by the US Federal Reserve were widely expected. The situation has changed.

A man in China found gold particles worth around US$1,800, not in a goose, but in a duck's stomach.

Silver has a fascinating dual function, both for investors and in industry.

Copper is used in high-tech industries.

Well known are the gold-silver ratio, the gold-oil ratio, the Oktoberfest ratio, and comparisons of the price of gold with the price of iPhones or ski passes.

Central banks and private investors are betting on gold. There are no signs of significant gold sales.

The Silver Institute's outlook for the silver market is positive. In 2026, the silver market will show a deficit for the sixth consecutive year.

Analysts see a structural deficit in copper, as new production cannot be ramped up quickly enough.

The fourth World Summit on Artificial Intelligence, which has just come to an end in India, leads thematically to rising electricity demand.

The first weeks of 2026 were turbulent, with twelve all-time highs. Now the price seems to have stabilized for the time being.