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.
Lancaster Resources Inc (CSE:LCR, OTCQB:LANRF) announced on Wednesday it has inked an agreement to acquire 100% of the Lake Cargelligo Gold Project in New South Wales, Australia, expanding its footprint into one of the country's most prolific gold regions. The project, located in the historic Cobar mining district, covers more than 28,768 hectares under a single exploration license application and includes multiple historical high-grade gold and silver occurrences, the company said.
Gold prices tumbled on Wednesday after comments from President Trump on Federal Reserve independence and trade relations with China revived Wall Street's risk appetite.
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.
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.
Gold stocks gave back some of their recent gains on Wednesday after prices for the metal fell sharply in response to more conciliatory comments from US President Donald Trump. Spot gold dropped 2.6% to $3,329.10 an ounce in mid-morning trading, pulling back from Tuesday's all-time high of $3,500.05.
Earnings reports over coming weeks could propel gold higher or undermine its allure. This options trade positions for either outcome.
Gold fell in early Asian trade on signs of easing U.S.-China tensions that typically reduce the safe-haven allure of the precious metal.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Spot gold tested the psychologically important $3500 level.