July 21, 2021 COMEX Metal inventory

Zambia’s planned gold ETF could bring global gold investment closer to home. LuSE targets an October 2026 launch, offering exposure without personal bullion storage. But a local listing does not mean buying Zambian gold or financing its mines. Investor gains will depend on gold prices, exchange rates and trading costs. With final terms and trading commencement still unconfirmed, the real test is affordable access, active trading and any proven link to domestic producers. Execution will be vital.

SMM News, October 15: Driven by multiple factors including rising inflation figures and higher‑than‑expected CPI readings, platinum‑group metals posted an overall sharp price decline. Sub‑segments within platinum‑group metals showed divergent performances. Rhodium saw a minor drop of around RMB 25 per gram today, while iridium kept climbing and tested the RMB 2,200‑per‑gram level. Ruthenium has remained strong recently; however, weighed down by shifting market sentiment from bullish to bearish across precious metals amid rate‑hike expectations, ruthenium prices held steady on poor trading volumes.

Silver prices rose initially but fell later this week, with the weekly chart forming a medium bearish candlestick and a cumulative weekly decline of nearly 7%. US September CPI beat expectations across the board, the probability of an October rate hike surged, the US dollar index hit an 18-month high, US Treasury yields stayed high, and combined with a flurry of hawkish remarks from US Fed officials and Middle East geopolitical risks, precious metals valuations remained under pressure.