Gold made some slight gains on Wednesday’s close, climbing $1.30 to reach $1,296.15 per ounce. As Reuters reported, the rise in price has steadied the yellow metal’s losing streak for the past three days. US gold futures for December delivery rose $0.30 to reach $1,297.00 per ounce.
Keeping demand low is renewed interest in the US dollar, spread from optimism relating to the country’s economy. Additionally, China, the biggest gold-buying nation, has seen weak demand of late.
Many investors are waiting for news on Friday from the Federal Reserve, which will set the tone for future gold prices.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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