Comex Copper Ends the Month 9.16% Lower at $4.5600, Largest One Month Net and Percentage Decline Since June 2022Data Talk

Front Month Comex Silver for May delivery lost $1.9260 per troy ounce, or 5.59% to $32.531 this month

• Largest one month net decline since Nov. 2024
• Largest one month percentage decline since Dec. 2024
• Down four of the past six months
• Today it is down 74.40 cents or 2.24%
• Largest one day dollar and percentage decline since Friday, April 4, 2025
• Snaps a two session winning streak
• Lowest settlement value since Monday, April 21, 2025
• Off 6.78% from its 52-week high of $34.897 hit Thursday, March 27, 2025
• Up 23.01% from its 52-week low of $26.445 hit Friday, May 3, 2024
• Rose 22.81% from 52 weeks ago
• Off 6.78% from its 2025 settlement high of $34.897 hit Thursday, March 27, 2025
• Up 11.73% from its 2025 settlement low of $29.116 hit Friday, April 4, 2025
• Off 33.20% from its record high of $48.70 hit Thursday, Jan. 17, 1980
• Year-to-date it is up $3.591 or 12.41%

All prices are calculated based on the settlement price of the current front month contract.

Source: Dow Jones Market Data, FactSet

Front Month Comex Gold for May delivery gained $182.20 per troy ounce, or 5.83% to $3305.00 this month

• Up for four consecutive months
• Up $675.80 or 25.70% over the last four months
• Largest four month percentage gain since Feb. 2009
• Longest winning streak since Oct. 2024 when the market rose for eight straight months
• Up 12 of the past 14 months
• Today it is down $13.80 or 0.42%
• Down for two consecutive sessions
• Down $27.50 or 0.83% over the last two sessions
• Largest two day dollar and percentage decline since Thursday, April 24, 2025
• Down five of the past seven sessions
• Off 2.97% from its 52-week high of $3406.20 hit Monday, April 21, 2025
• Up 43.76% from its 52-week low of $2299.00 hit Friday, May 3, 2024
• Rose 43.70% from 52 weeks ago
• Off 2.97% from its 2025 settlement high of $3406.20 hit Monday, April 21, 2025
• Up 25.27% from its 2025 settlement low of $2638.40 hit Monday, Jan. 6, 2025
• Off 2.97% from its record high of $3406.20 hit Monday, April 21, 2025
• Year-to-date it is up $675.80 or 25.70%

All prices are calculated based on the settlement price of the current front month contract.

Source: Dow Jones Market Data, FactSet

Palladium futures in the US fell to $920 per ounce in April, a 10% drop on the month, amid a pessimistic economic backdrop among major auto consumers.

The outlook for auto demand came under pressure after tariff exchanges between the US and China hampered expectations on the output of new autos, the main industrial use of palladium due to their inclusion in catalytic converters in internal combustion engines.

Autos were also targeted directly in US tariffs on the European Union, a major exporter of autos to North America, although measures were later paused for 90 days.

Adding to the bearish pressure, the increasing market share of new energy vehicles in China magnified the poor momentum for ICE producers, lowering palladium bidding.

The latest data showing that Chinese ICE sales were only have of total auto demand for February, compared to nearly 70% in the corresponding period of last year.

Copper futures sank to $4.55 per pound on Wednesday from four-week highs of $4.9 earlier in the week as low demand and ample supply were magnified by the unwinding of arbitrage traders in China.

The NBS manufacturing PMI in China unexpectedly sank to a 16-month low as export orders plunged the most since 2022.

This reflected US consumers' reluctance to maintain supply chains after President Trump escalated tariffs on China to 145% on top of previous levies.

Exports of goods had been a relief for Chinese manufacturers and copper smelters, as poor domestic demand drove firms to offload their goods on foreign markets.

Ample ore output from South America amplified the backdrop of oversupply, with the International Copper Study Group doubling its forecast on this year's surplus to nearly 300,000 tonnes.

Consequently, increasing risks of a glut drove Chinese traders to close long positions on US copper futures, which were mostly open after Trump announced a probe to tariff copper imports.

(TheNewswire)

Edmonton, Alberta – TheNewswire- April 30, 2025 — Golden Rapture MiningCorporation (CSE-GLDR) is pleased to announce that a high-resolutionUAV airborne magnetics survey has been completed at its high-gradegold Phillips Township property in Ontario.  

The (UAV) airborne magnetics survey was conducted byRosor Exploration of Burlington, Ontario. The survey was flown at aheight of 50 meters with a MagArrow magnetometer by Geometricssuspended from a Matrice 300 RTK drone along 50-meter spaced lineswith a total of 313 line-kilometers covering an area of approximately16.7 km2 in size.

The survey results are expected to be received inapproximately two weeks, depending on the time it takes for thegeophysicist to process and image the survey data and provide us witha report. We are eager to review the survey results and explore thetargets it identifies for further evaluation and follow-up.

Click Image To View Full Size

Golden Rapture’s Phillips Township Property is located in a Tier 1mining jurisdiction.  It is comprised of 225 contiguous claim cellstotaling over 10,000 acres with high-grade gold, phenomenalinfrastructure, easy access, and low cost of exploration with thecompany having access to its own in-house portable diamond drill. 

Qualified Person

The technical disclosure in this news release has beenreviewed and approved by John Archibald, P.Geo., Qualified Person asdefined by National Instrument 43-101 of the Canadian SecuritiesAdministrators.

About Golden Rapture Mining

Golden Rapture Mining is a newly listed, well-fundedexploration company engaged in the acquisition, exploration anddevelopment of high-potential assets. The company’s PhillipsTownship Property is located in the Rainy River District of NW Ontarioand is comprised of 10,000-acres of highly prospective past-producinghigh-grade gold systems.  

Golden Rapture has now been listed for 1 year with37,469,390 shares issued.

On behalf of the Board

Richard Rivet,

President & CEO

Email: goldenrapture@outlook.com

Phone: 780-729-5395

For more info please look at our website at https://goldenrapturemining.com/

Forward-looking statements include predictions,projections, and forecasts and are often, but not always, identifiedby the use of words such as “seek”, “anticipate”,“believe”, “plan”, “estimate”, “forecast”,“expect”, “potential”, “project”, “target”,“schedule”, “budget” and “intend” and statements that anevent or result “may”, “will”, “should”, “could” or“might” occur or be achieved and other similar expressions andincludes the negatives thereof. All statements other than statementsof historical fact included in this release, including, withoutlimitation, statements regarding the Company’s planned explorationprograms and drill programs and potential significance of results areforward-looking statements that involve various risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Forward-lookingstatements are based on a number of material factors and assumptions.Important factors that could cause actual results to differ materiallyfrom Company’s expectations include actual exploration results,changes in project parameters as plans continue to be refined, resultsof future resource estimates, future metal prices, availability ofcapital, and financing on acceptable terms, general economic, marketor business conditions, uninsured risks, regulatory changes, defectsin title, availability of personnel, materials, and equipment on atimely basis, accidents or equipment breakdowns, delays in receivinggovernment approvals, unanticipated environmental impacts onoperations and costs to remedy same, and other exploration or otherrisks detailed herein and from time to time in the filings made by theCompany with securities regulators. Although the Company has attemptedto identify important factors that could cause actual actions, events,or results to differ from those described in forward-lookingstatements, there may be other factors that cause such actions,events, or results to differ materially from those anticipated. Therecan be no assurance that forward-looking statements will prove to beaccurate, and accordingly readers are cautioned not to place unduereliance on forward-looking statements.

Copyright (c) 2025 TheNewswire - All rights reserved.

Gold futures slip on easing trade tensions and a strengthening U.S. dollar. Futures fall 0.4% to $3,319.0 a troy ounce. Losses have moderated over the course of the session, with the precious metal having fallen as low as $3,275.60/oz. Gold hit a fresh all-time record on April 22 and looked extremely overbought in the protracted rally before sharply falling. Since then, it appears to have found its price floor, Trade Nation's David Morrison says in a note. It looks as if many traders are expecting prices to recover and banking on new all-time highs, Morrison says. There is certainly no reason for investors to exit safe-haven positions in gold and load up on equities just yet, he writes. That said, gold still looks somewhat overbought even after this week's pullback, Morrison adds. (joseph.hoppe@wsj.com)