Summary
- Higher real yields and a stronger US dollar are weighing on gold, while Trump’s actions put the Iran deal at risk.
- Western Gold Resources has signed a binding ore purchase agreement with Forrestania Resources for the Gold Duke Project.
- TDG Gold will sell a 51% stake in its Aurora West project to Freeport for $77 million.
- Gold prices rose slightly to $3,883.05 per ounce.
- Meeka Metals has reported its September gold output and laid out plans for its next underground mine.
- Richemont’s first-half sales rose 17%, but gold costs weighed on its underlying gross margin.
- Gold gave back part of its recovery as bets on a Fed rate hike and a strong US dollar limited gains.
- India’s gold demand stayed firm as lower prices drew festive-season buying.
Real Yields and Dollar Strength Pressure Gold
Higher real yields and a stronger US dollar are pushing gold prices down. Geopolitical risk is also climbing as Trump’s actions put the Iran deal in doubt. Together, these forces are shaping where gold goes in the near term.
Read Full Article: investingLive
Western Gold Resources Signs Ore Deal for Gold Duke
Western Gold Resources has signed a binding ore purchase agreement with Forrestania Resources. The deal covers the Gold Duke Project and is a step forward for the project’s development.
Read Full Article: Kalkine
TDG Gold to Sell Aurora West Stake to Freeport
TDG Gold plans to sell 51% of its Aurora West project to Freeport for $77 million. The deal would hand a majority stake in the project to Freeport.
Read Full Article: Mining Technology
Gold Edges Up to $3,883.05 per Ounce
Gold prices rose slightly to $3,883.05 per ounce, according to a report from the Qatar News Agency.
Read Full Article: Qatar News Agency
Meeka Metals Reports September Output, Plans Next Mine
Meeka Metals (ASX:MEK) has released its gold production figures for September. The company also outlined plans for its next underground mine.
Read Full Article: Kalkine
Richemont Sales Climb but Gold Costs Hit Margin
Luxury group Richemont reported a 17% rise in first-half sales. However, higher gold costs put pressure on its underlying gross margin, showing how high bullion prices affect jewellery makers.
Read Full Article: Investing.com
Gold Trims Recovery on Fed Hike Bets
Gold gave back some of its recent gains. Expectations of a Federal Reserve rate hike and a strong US dollar are limiting how far prices can rise.
Read Full Article: FXStreet
Lower Prices Support Festive Gold Demand in India
India’s gold demand stayed firm as lower prices encouraged buying during the festive season.
Read Full Article: TradingView
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