Gold prices slipped on Monday as global investors grappled with mounting geopolitical tensions between Israel and Iran, alongside heightened anticipation for this week’s Group of Seven (G7) leaders’ summit and the impending Federal Reserve policy announcement. Despite recent volatility, gold’s role as a safe-haven asset remains prominent as markets balance concerns over conflict and central bank interest rate decisions.

Recent developments in the gold mining sector have created a sensation among investors. Shares of Calibre Mining Corp. $CXB.TO, based in Vancouver, experienced a significant surge, reaching the highest levels in the last 13 years. This spike was triggered by a change in the acquisition proposal from Equinox Gold Corp. $EQX.TO.

In 2024, the Swiss National Bank $SNBN.SW reported a record annual profit of 80.7 billion Swiss francs (approximately 89.5 billion USD), marking a historic achievement facilitated by rising stock markets, a strengthening US dollar, and increased gold prices. This impressive result exceeded forecasts and restored the bank's fiscal performance after experiencing losses in 2023.