Weekly Round-Up: Gold Price Recovers from Four-week Low
Heightened geopolitical tensions between the US and North Korea pushed the gold price up on Friday, but it is still below $1,300 per ounce.
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Heightened geopolitical tensions between the US and North Korea pushed the gold price up on Friday, but it is still below $1,300 per ounce.
The gold price edged lower on Friday and was headed for a weekly loss after a North Korean missile test brought little reaction from investors.
Gold climbed on Friday after weaker-than-expected US jobs data cast doubts on further Fed interest rate hikes. In August the metal rose 4.1 percent.
The gold price rose above the $1,300-per-ounce mark as geopolitical uncertainty boosted precious metals demand.
The gold price fell on Friday after a stronger-than-expected US employment report.
The gold price rose on Friday as the US dollar fell against the euro.
Taku Gold Corp. (CSE:TAK)(CSE:TAK.CN)(CNSX:TAK) (“Taku” or the “Company”) is pleased to announce that it has agreed to purchase a 100% interest in the 77-claim (1,518-hectare) Keynote property (“Keynote” or the “Property”) located in the Mayo Mining District of Yukon. The Property was acquired by an agreement executed with two arm’s
The gold price edged lower on Friday after a stronger-than-expected US jobs report increased fears of another rate hike.
The gold price is on track for a weekly gain, supported by political uncertainty and a weaker dollar.
The gold price was set to touch a six-week high on Friday after a disappointing US jobs report.
Silver, copper and oil are also on track to make gains this week.
The gold price suffered as investors turned to riskier assets earlier in the week.
The gold price reached a five-month peak after US President Donald Trump launched a missile strike on Syria.
Gold and silver prices surged ahead of this week’s vote on US healthcare reform.
Tres-Or Resources Ltd. (“Tres-Or”) (TSX-V: TRS, OTCPK: TRSFF) has initiated its first drill program at the Fontana Gold Project, 60 km north of Val-d’Or, Quebec. The expected 3-hole 750 metre drill program is now underway to confirm significant gold mineralization reported in historical drilling and extend our understanding of
Otis Gold Corp. (“Otis” or “the Company”) is pleased to announce that it has reached an agreement to (1) increase its interest in the Blue Hill Creek and Matrix Creek Gold-Silver Properties located in Cassia County, Idaho from 80% to 100% and (2) reduce the existing net smelter royalty on
Silver and oil prices also fell overall this week, while the copper price remained fairly steady.
By Jocelyn Aspa
The gold price is on pace for a third straight week of gains.
Golden Predator Mining Corp. (TSXV:GPY) has entered into a mineral property option agreement with Precipitate Gold Corp., pursuant to which Golden Predator may acquire Precipitate Gold’s 100-per-cent interest in certain mineral claims known as the Reef property located adjacent to the northern boundary of the 3 Aces project in
Benton Resources Inc. (TSXV:BEX) and its joint venture partner Nordmin Engineering Ltd. (“Nordmin”), is pleased to release the results of an updated positive preliminary economic assessment (“PEA”). Included with this PEA update is the announcement on the advanced Environmental Assessment (EA) progress for its Cape Ray Gold Project, located approximately
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