⛏ Gold price heads for fifth straight weekly gain

Gold price heads for fifth straight weekly gain
Gold moved higher on Friday and is headed for a fifth straight weekly gain, as the market digests this week’s US rate cut and weighs up the Federal Reserve’s policy path for the rest of this year. Spot gold rose 0.6% at $3,665.54 per ounce as of 11:15 a.m. ET, while US gold futures climbed 0.7% higher at $3,702.30 per ounce in New York. Read on »

The Race Is on to Make Rare Earth Magnets Outside China
Nearly six months ago, China sent an unmistakable message about its grip on critical supply chains. Its leaders suspended exports of powerful rare earth magnets that many industries around the world can’t live without. The move gave renewed urgency to efforts begun in recent years to develop alternatives. Read on »

Illegal gold mining is fueling a ‘mercury boom’ in Mexico
A drill echoes through narrow tunnels deep within the mountain where miner Hugo Flores bores into rock in search of one of Earth’s most toxic elements. Buried in red stripes of minerals illuminated by his headlamp is mercury. Here in the pine-covered mountains known as the Sierra Gorda – one of the most biodiverse stretches of Mexico – a “mercury boom” is underway. Read on »

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