Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) has announced the first drill results of its 2024 drilling campaign at the Hat polymetallic project in British Columbia. Highlights included a 62-meter section grading 1.12% copper, 0.79 grams per ton (g/t) gold, 173 g/t cobalt, and 23.9 g/t scandium, with an overall copper equivalent (CuEq) of 1.81%, excluding scandium.
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 nears record highs as falling bond yields drive safe-haven demand. Analysts predict continued gains, with prices poised to break $2,685 soon.
Does physical gold still reign supreme or are you better off relying on an ETF? MB Commodity Corner founder Maleeha Bengali says that when it comes to gold, you can't beat going old school.
Gold prices have risen to a new record high, topping $2,680, which analysts attributed to movements in government bond markets. In short, inflation expectations on both sides of the Atlantic have eased this week, leading to rising expectations for interest rate cuts and therefore putting pressure on bond yields, which makes gold more attractive to some investors.
As gold tests $2,660, resistance at $2,676 may limit upside. Fed rate cut expectations add further complexity to market outlook.
Gold was steady in early Asian trade ahead of major U.S. economic data due this week such as September retail sales on Thursday and a speech from Fed Gov. Waller on Friday.
Gold confirmed a bull flag breakout, setting the stage for further gains. Support at the 20-Day MA held, with potential upside targets of 2,724 and beyond.
Gold is moving towards the key resistance level at $2675 – $2685.
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.
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.