Gold Market
Original summaries of the reporting that moves the gold price, with every source linked.
Chris Griffith, former Gold Fields CEO, has joined a private equity venture seeking $1 billion to invest in African critical minerals. He is working with Colin Coleman and Sam Jonah.
Market analyst Ira Epstein observes a resurgence in gold, silver and copper. Silver is currently outperforming gold, while tariff changes and upcoming economic data may influence prices.
Gold slid over 1% to around $4,240 after the Federal Reserve raised rates to 3.75–4.00% and hinted at more tightening. The $4,320 level is now a key pivot point.
Silver dropped nearly 3% on Wednesday as a hawkish Fed pushed the dollar to a two-month high. Despite the sell-off, the metal remains within its mid-August range, though the 4-hour chart shows growing bearish pressure.
Gold gave up Rs 1,900 per 10 grams on MCX over three sessions while silver gained Rs 1,400 per kg. Inflation expectations and rate-hike worries are keeping the metals volatile.
Gold slipped on Wednesday as the US dollar held near multi-week highs, bolstered by the Federal Reserve’s hawkish stance and ongoing geopolitical risks.
Gold is trading near $4,350 on Wednesday, retracing part of its rebound from sub-$4,300. The metal remains range-bound as traders await the Trump-Xi meeting and weigh conflicting drivers.
Canadian junior Military Metals has secured a C$100,000 ($71,000) exploration grant from Nova Scotia for diamond drilling at the historic West Gore antimony-gold project, a past producer of strategic metals during World War One.
Aztec Minerals has closed an upsized C$6.4 million bought deal private placement. The funds will support exploration at its Tombstone gold-silver project in Arizona and the Cervantes gold-copper project in Mexico.