AXMIN Inc (TSXV: AXM)
AXMIN Inc. (TSXV:AXM) is a Canadian-based exploration and development company with a strong focus on central and West Africa.
Gold prices surged again on Thursday, hitting a new all-time high as weak U.S. economic data weighed on the dollar and safe-haven demand climbed on renewed tariff threats from President Donald Trump. Spot gold briefly touched a historic peak of US$2,798.50 per ounce before easing to US$2,793.25, up 1.2%. U.S. gold futures advanced 1.9% to US$2,846.20.
Soft GDP figures drove the dollar down about 0.2%, further lifting gold. Saxo Bank’s Head of Commodity Strategy, Ole Hansen, pointed out that the sluggish GDP results kept the dollar under pressure, creating an opening for gold to break new highs.
Trump’s plan to impose hefty tariffs on Mexico and Canada—along with the possibility of tougher measures on exports from China—has also fueled concerns. According to Jim Wyckoff, Senior Market Analyst at Kitco Metals, the market is taking a more cautious view of Trump’s trade and foreign policies, increasing safe-haven demand. Susannah Streeter, Head of Money and Markets at Hargreaves Lansdown, emphasized gold’s role as a “safe harbor,” offering protection to investors facing uncertainty.
Recently, Marco Roque, the CEO of Canadian gold exploration company Cassiar Gold Corp. (TSX-V: GLDC; OTCQX: CGLCF) , discussed the company’s resource expansion, the successful 46,000-meter drilling program, and upcoming mineral resource updates at VRIC 2025. He highlighted how Cassiar’s well-developed infrastructure reduces costs and accelerates development. Additionally, Marco shared his outlook for the gold market in 2025 and the investment potential of Cassiar Gold. Cassiar Gold holds 100% ownership of its flagship project, the Cassiar Gold Mine, located in British Columbia, Canada.
Record-high gold prices are no longer a novelty; the difficulty of pushing prices downward has been a hallmark of the gold market for the past two years.
Earlier this week, the launch of a new AI model by Chinese startup DeepSeek rattled global financial markets, briefly affecting gold. However, compared with the S&P 500 and the NASDAQ, gold held its ground and showcased its resilience as a safe-haven asset. Analysts at TD Securities and Blue Line Futures predicted the temporary dip might even present a prime buying opportunity.
Nevertheless, market participants remain wary of the broader economic effects of Trump-era policies. A chief market strategist at Blue Line said that, amid uncertainty over Trump’s stance on tariffs and other policy moves, gold typically thrives in an environment verging on stagflation. Juan Carlos Artigas, Head of Global Research at the World Gold Council (WGC), forecasted further gold gains through 2025, highlighting a potential sovereign debt crisis as this year’s black swan event—and gold, he noted, is an effective hedge.
Additionally, in light of unpredictable U.S. policies, mounting national debt, and a global drive to reduce reliance on the dollar, many investment banks see central banks as steady, long-term buyers of gold—further setting the stage for the metal’s continued rise.
