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Stock impact report

In gold we trust [Globe and Mail, The (Toronto, Canada)]

Elemental Royalty Corporation (ELE) 
90%-plus performance over the past year, there is reason to believe the tailwinds will continue. While U.S. President Trump's nomination of Kevin Warsh as the next U.S. Federal Reserve Chair has created heightened volatility in recent days, structural demand from central banks, persistent geopolitical risk premia, and the return of ETF inflows since mid 2025 together keep the balance of risks tilted to the upside for gold into 2026. With mine supply slow to respond and new non-traditional buyers emerging, pullbacks may remain relatively shallow versus underlying demand. 1. Geopolitics: The “fear premium” remains embedded The World Bank's October 2025 Commodity Markets Outlook projects precious metals prices to remain elevated in 2026 following an unusually large, investment-driven rally in 2025. That forecast sits within a backdrop of subdued global growth, elevated policy uncertainty, and periodic geopolitical flare-ups – conditions that historically support safe-haven allocati Show less Read more
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