In October, gold hit a significant milestone, reaching $4,000 an ounce for the first time. Less than four months later, the precious metal is well on its way to $4,900 an ounce in an astonishing push that shows no signs of stopping.
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.
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.
Buying gold has become the antidote for market jitters.
C3 Metals Inc (TSX-V:CCCM, OTC:CUAUF) has reported results from the second drill hole of its ongoing program at the 100%-owned Khaleesi copper project in southern Peru, which included a higher-grade copper-gold intercept at depth. The company said drill hole KHZ5800-002 intersected 51.1 metres grading 0.54% copper and 0.31 grams per ton (g/t) gold, 3.21 g/t silver and 6 parts per million (ppm) molybdenum, from 339.6 metres downhole depth, or 0.86% copper equivalent.
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 miners were topping the leaderboard again on Wednesday as the price of gold continued to surge higher, while silver prices further decoupled. Spot gold prices topped $4,888 an ounce in early trading, up 2% on the day and up from around $4,300 at the start of the year.
A China-backed hydropower plant and a gold mining unit run by Indonesian conglomerate Astra International were among the 28 firms that had their permits revoked by the Jakarta government on Tuesday, accused of environmental breaches that worsened last year's floods.
Gold consolidated in early morning Asia trade. The broader geopolitical backdrop remains supportive for gold, Kudotrade said.
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.