Seeking to counter China's mineral dominance, the Trump administration recently signed a sweeping executive order to fast-track deep-sea mining within U.S. and international waters. The move is designed to help private companies access billions of tons of potato-sized rocks known as polymetallic nodules, which are rich in strategically important minerals.
The price of spot gold has surged more than 20% this year, with most of those gains coming in the first quarter. Einhorn told CNBC's Scott Wapner that his long-term case for gold is still intact and that the commodity can continue to go higher.
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.
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.
The gold market saw a lot of selling pressure in the early hours of New York trading, as we pierced the $3200 level to the downside. At this point, it is a market that needs to save itself, and now.
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.
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.
Leeuwin Metals Ltd will accelerate Phase 2 drilling at Marda Central, part of its Marda Gold Project in Western Australia, after strong assay results returned significant, high-grade intersections confirming the potential for significant mineralised extensions. The results come from a 2,000-metre reverse circulation (RC) program – Leewin's maiden drill campaign at Marda Central – which has delivered multiple shallow, thick, high-grade gold hits.
Gold edged higher in the early Asian session, supported by signs of mild U.S. inflation that back the case for further Fed rate cuts that would enhance the appeal of the non-interest-bearing precious metal.
Gold (GC=F) prices tick higher on Tuesday as softer-than-expected US inflation data fuels new hopes for the Federal Reserve to cut interest rates. Bob Iaccino, Path Trading Partners chief market strategist and Co-Host of The Futures Edge Podcast, breaks down why he still sees upside for gold and how peoples should be investing into the commodity.