⛏ Barrick Shares Soar as Analysts Cite ‘Game Changer’ Gold Find

Gold scales fresh record high as markets brace for further rate cuts
Gold surged to set a fresh record high on Monday, buoyed by investors’ heightened expectations of a dovish rate-cut path, ahead of remarks by multiple Federal Reserve officials and key inflation data later in the week. Spot gold rose 1.1% to $3,723.81 per ounce after hitting a new record high of $3,726.19 earlier in the session. U.S. gold futures for December delivery climbed 1.4% to $3,758.40. Read on »

Barrick Shares Soar as Analysts Cite ‘Game Changer’ Gold Find
Barrick Mining Corp. shares are on their biggest tear in five years on prospects that a US project will become a major new gold mine, boosting the outlook of a company hit by setbacks in risky places. The Canadian metals producer is heading for its steepest four-day rally since early 2020 after a preliminary assessment of its Fourmile project in Nevada showed the potential for as much as 750,000 ounces of annual gold production, prompting analysts to raise price forecasts for the stock. Read on »

The Gold Price is Wrong
Gold isn’t tired and it might not be peaking yet. Even if at $3,700 an ounce, the headlines say, “all-time highs.”But zoom out and you’ll see the real story. Investors are looking at the wrong number, and central banks might see something entirely different. Read on »

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