In case you missed it, here is this week’s big news roundup.
The Sierra Madres region in Northern Mexico was home to many historic artisanal mining camps where precious metals and copper were mined close to surface.
By Melissa Shaw
In its latest report, the Australian government’s Office of the Chief Economist predicts that iron ore prices will average $49 in 2019.
The gold price reached a two-and-a-half-month high on Friday, passing the $1,300 mark. Other winners this year include palladium and copper.
Gold was on the rise this week despite support for equities and the dollar. Silver and copper were also up, while oil hit its highest level since mid-2015.
The Georgia Public Service Commission has given Southern Company subsidiary Georgia Power unanimous approval to finish work on Vogtle 3 and 4.
Silver was also on the rise, and copper was at a three-week high on Friday morning. Oil prices were set to end the week flat.
Analysts share their thoughts on the gold outlook for 2018. Most agree that it will take a sharp shock to the market to move the price significantly higher.