Gold settled up for a second-consecutive session, rising 0.3% Friday, while silver fell 4%, snapping a three-session winning streak. For the week, both metals posted a gain.
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.
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.
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.
Ariana Resources PLC (AIM:AAU, ASX:AA2) says early drilling results from its Dokwe project in Zimbabwe are giving the company confidence in the geology beneath the site, with work now more than halfway through a planned 4,000-metre programme. The company, which explores and develops gold projects across Africa and Europe, has completed 2,411 metres of drilling so far.
Gold and silver ease as equities rebound, but dovish Fed policy and steady safe-haven demand keep metals supported. Traders now watch Powell's signals for the next move.
Kairos Minerals Ltd (ASX:KAI, OTCQB:KAIFF) earlier this week announced it has signed a mining agreement with the Nyamal Aboriginal Corporation (NAC), representing the traditional owners of the Mt York gold project area in Western Australia. The company told investors that negotiations for the agreement took place over the past 12 months, involving discussions both in Perth and on country.
Gold and silver surged after the Fed's rate cut, soft labor data, a weaker dollar, and geopolitical tensions boosted safe-haven demand, reinforcing bullish technical momentum.
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.
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.
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.