Gold triggered a slightly higher short-term trend high of $4,375 Thursday before backing off sharply, trading in the lower half of the range and below $4,353 while a higher daily low of $4,309 offers the only clear sign of underlying strength.
Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF) said it has closed a first tranche of a non-brokered private placement, raising gross proceeds of about C$1.07 million to fund work at its El Potrero gold-silver project in Mexico. The Vancouver-based explorer said on Thursday the first tranche comprised about 7.27 million units priced at C$0.14 each.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold pulls back modestly but remains technically strong, with buyers expected on dips near key support. A breakout above $4,400 would signal the next leg higher, supported by momentum and ongoing central-bank demand.
Gold edged higher in early Asian trading, supported by some tailwinds.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
CNBC's "The Exchange" team discusses the race for the next chair of the Federal Reserve and what it means for the outlook for markets and U.S. economy with Peter Boockvar, chief investment officer at OnePoint BFG Wealth Partners, and Matthew McLennan, co-head of the global value team at First Eagle Investments.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.