C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) has announced the results from partially completed surface mapping and sampling at its Khaleesi copper-gold project located in the Andahuaylas-Yauri Porphyry-Skarn belt in Peru. The company said this program has delineated “compelling” skarn, porphyry and epithermal vein targets, with rock chip samples returning up to 2.82% copper, 6 grams per ton of gold, 57.7 grams per ton of silver, and 284 parts per million molybdenum.
Joni Teves of UBS Investment Bank lays out the case for gold at $3,000 per ounce by 2025, saying investors sill have a lot of room to build positions in the yellow metal.
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.
BRICS summit sparks speculation on a gold-backed currency as nations hold over 20% of global gold reserves, challenging U.S. dollar dominance.
Gold prices near $2,740 as bullish momentum persists, supported by geopolitical tensions and global rate cuts driving demand for safe-haven assets.
Asian Markets Mixed on Rising US Yields: Hang Seng, CSI 300 gain as PBoC policy moves counter rising US Treasury yields, while Nikkei and ASX slide.
Gold is now in a "new bullish phase, driven by factors like central bank buying, rising U.S. debt and a potential peak in the U.S. dollar," said Paul Wong, market strategist at Sprott Asset Management. His remarks came after the price of the yellow metal advanced to a fresh record high — $2,700 per ounce.
Citi Research raised its three-month forecast for gold prices, citing possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it said in a note on Monday.
Bloomberg Intelligence senior ETF analyst Eric Balchunas examines the ETF market's role in the latest Bitcoin surge and an unusual trend playing out for gold investors. Eric speaks with Paul Sweeney and David Gura on Bloomberg Radio.
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.