Metals fell in June amid persistent geopolitical uncertainty, with gold down 10.4%, silver down 20.9%, and copper down 5.1%.
Mining equities followed the metals lower, with the GDX down 15.7%, GDXJ down 17.6%, SILJ down 17.4%, and COPX down 12.7%, while the TSX was flat and the S&P 500 fell 1.2%.
The U.S./Iran MOU signed in mid-June drove a sharp rally in precious metals and respective indices, though those gains have since faded on renewed regional escalation, leaving capital sidelined awaiting a true resolution.
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Canterra Minerals Corp - Mining Monthly: June Edition