* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

    Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Navigating Automation Challenges

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Pepper Pike council considers upgrading technology for streaming meetings, remote meeting participation – Cleveland.com

    Pepper Pike Council Explores Upgrading Technology for Enhanced Streaming and Remote Participation

    How Michelin Uses Technology to Rethink Tire Manufacturing: Interview – Motor1.com

    How Michelin’s Tech-Driven Revolution Is Transforming Tire Manufacturing

    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

    Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Navigating Automation Challenges

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Pepper Pike council considers upgrading technology for streaming meetings, remote meeting participation – Cleveland.com

    Pepper Pike Council Explores Upgrading Technology for Enhanced Streaming and Remote Participation

    How Michelin Uses Technology to Rethink Tire Manufacturing: Interview – Motor1.com

    How Michelin’s Tech-Driven Revolution Is Transforming Tire Manufacturing

    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

What’s next for gold?

April 29, 2024
in Business
What’s next for gold?
Share on FacebookShare on Twitter

By Peter Kennedy

Gold continues to trade near record-high levels as investors shrug off the potential impact of a soft economic landing in the United States, a scenario that could be bearish for the yellow metal.

Trading at US$2,334.40 an ounce on April 24, 2024, gold is up by about 15% this year, with gains partially driven by safe-haven demand as geopolitical tensions in the Middle East and Ukraine continue to escalate.

Economic and geopolitical uncertainty tend to be positive drivers for gold, which is widely seen as a safe haven due to its ability to remain a reliable store of value. It has a low correlation with other asset classes, and so can act as insurance during falling markets and times of geopolitical stress. A weaker U.S. dollar and lower interest rates also increase the appeal of non-yielding bullion.

However, the yellow metal has continued to trade at or near record high levels, even as investors weigh a shift in messaging from Federal Reserve Board Chair Jerome Powell, who has said it is appropriate to give the Fed’s restrictive policy more time to work, citing the lack of additional progress made on inflation in recent months following several strong U.S. economic prints.

His comments caused Treasury yields and the dollar to jump and spurred another collapse in market-implied expectations for rate cuts this year. But they have had little impact on the price of gold.

Gold had a strong 2023, defying expectations amid a high-interest rate environment, and outperforming commodities, bonds, and most stock markets.

In a recent report, The World Gold Council said markets are anticipating a “soft landing” in the United States, which should also positively affect the global economy.

“Historically, soft landing environments have not been particularly attractive for gold, resulting in lackluster average returns,” WGC said in its 2024 Outlook report.

“That said, every cycle is different. This time around heightened geopolitical tensions in a key election year for many major economies, combined with continued central bank buying could provide additional support for gold,’’ the WGC said.

“Further, the likelihood of the Fed steering the US economy to a safe landing with interest rates above 5.0% is by no means certain. And a global recession is still on the cards. This should encourage many investors to hold effective hedges, such as gold, in their portfolios,’’ it said.

Meanwhile, several factors are pressing gold to new highs, according to Paul Wong, a Market Strategist with Sprott Asset Management. “Simplistically, a massive-relatively price-insensitive buyer (central banks and sovereigns) is providing persistent support,” Wong said. “At the same time, another large cohort (investment funds as represented by Commodity Futures Trading Commission CFT and ETF positioning) is essentially caught in a short squeeze. Aiding the gold price are signs that the U.S. dollar is making a significant top, and yields are peaking as global central banks are set to begin a synchronized easing cycle,’’ he said.

Wong believes several fundamental factors are in place for gold to potentially move higher, particularly strong central bank buying. He said central banks’ strategic shift toward gold creates a new dynamic in gold pricing, breaking historical correlations. “Their motivations and needs differ significantly from investment funds.”

However, analysts say gold equities have lagged behind the bullion price because the underlying equities have not seen the same degree of support from institutional and retail investors.

That was partly because profit margins were under pressure, as inflation had eroded some of their profitability.

With the positive outlook for gold, could the market for junior gold explorers have bottomed out, and is a new bull market forming?

(L to R) Dr. Hamish Sandeman (Geological Survey of NL), Structural Consultant, Dr. David Coller, Dan Lee (VP Exploration), and Ryan Newman (Exploration Manager), examine 552 Zone drill core at the Moosehead core building, Grand Falls – Windsor, NL.

Sokoman Minerals Corp. [SIC-TSXV, SICNF-OTCQB] offers investors a window into low-risk exploration in the Central Newfoundland Gold District as it gears up to drill on two key projects this summer.

In an interview with Sokoman CEO, Tim Froude said he hopes to spend at least $2 million on the company’s flagship Moosehead project, where the company is planning for deep drilling after finding seven zones of mineralization all of which remain open.

The 100%-owned Moosehead project is located along the Trans-Canada Highway in North-Central Newfoundland on the same structural trend as Calibre Mining Corp’s [CXB-TSXV, CXBMF-OTC] Valentine Gold Project and New Found Gold Corp.’s [NFG-TSXV] Queensway Project.

Sokoman emerged on investor radar screens in July 2018, when discovery hole MH-18-01 returned 11.90 metres of 44.96 g/t gold from 109 metres down hole. That and subsequent exploration results attracted the attention of major players in the gold investment sector, including Bay Street financier Eric Sprott, who currently holds a 21% stake in Sokoman. On April 16, 2024, the shares were trading at $0.05 in a 52-week range of 18.5 cents and $0.05.

At Moosehead, Sokoman is targeting high-grade orogenic gold that is similar in style to the Fosterville gold mine in Australia, which is owned by Agnico-Eagle Mines Ltd. [AEM-TSX, AEM-NYSE] and produced 277,694 ounces of gold in 2023.

Rick Crocker viewing surface samples at FDL.

With $3.5 million in the treasury, Froude is planning for a program of up to 10,000 metres at Moosehead this summer. He is setting aside $500,000 for early-stage drilling at the Fleur de Lys property near Baie Verte in northwestern Newfoundland.

An exploration-focused geologist, with a track record of success, Froude has high hopes for Fleur de Lys which is considered to be highly prospective for Dalradian-style orogenic vein-hosted gold deposits and as such, represents a readily accessible, yet underexplored, district-scale, gold target in the Newfoundland Appalachians.

At Fleur de Lys, Sokoman is targeting gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland and Cononish in Scotland.

Having recently formed a strategic alliance with Benton Resources Inc. [BEX-TSXV] to jointly acquire and explore gold opportunities in Newfoundland, Sokoman is one of the largest landholders in Newfoundland with direct ownership or co-ownership of over 150,000 hectares.

The move paid off in an unexpected way on August 16, 2021, when the joint venture announced what is believed to be the first discovery of significant lithium mineralization on the island of Newfoundland.

However, Sokoman remains focused on the Moosehead project where recent exploration has focused on the 552 Zone which Froude has described as “extremely important’’ since it represents a new gold-bearing structure and has the potential to host sections of significantly higher gold grades.

The 552 Zone is located to the east of the Eastern Trend, the furthest east of any mineralization located to date. Drilling highlights include 2.10 metres of 5.00 g/t gold in MH-23-574, and 2.05 metres of 8.31 g/t gold, including 0.50 metres of 27.79 g/t in MH-24-580. Both holes had specks of visible gold.

Tim Froude presenting at MinEx Mineral Industry Showcase in Gander, Newfoundland and Labrador.

In a March 28, 2024 press release, the company said 1,825 metres had been completed in the current program (12 holes). It said visible gold had been intersected in five holes.

Froude believes 552 could be linked to deeper mineralization below 350 metres that the company aims to target this summer.

“I do believe the best is yet to come from Moosehead,’’ Froude said, adding that the company has retained structural consultant Dr. David Coller to update the structural model and help plan for deeper drilling at Moosehead later this year.

Dr Coller has been involved with the project since our first year and has been instrumental in guiding us to several high-grade discoveries.

Dr. Coller and Sokoman’s geological team are evaluating drill sections from the recently discovered 552 Zone to characterize the mineralization, to determine the significance of the zone and what it means for future exploration.

Resource World Magazine Inc. has prepared this editorial for general information purposes only and should not be considered a solicitation to buy or sell securities in the companies discussed herein. The information provided has been derived from sources believed to be reliable but cannot be guaranteed. This editorial does not take into account the readers investment criteria, investment expertise, financial condition, or financial goals of individual recipients and other concerns such as jurisdictional and/or legal restrictions that may exist for certain persons. Recipients should rely on their own due diligence and seek their own professional advice before investing.

Continue Reading

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : ResourceWorld – https://resourceworld.com/whats-next-for-gold/?utm_source=rss&utm_medium=rss&utm_campaign=whats-next-for-gold

Tags: businessWhat’s
Previous Post

Orla poised to spend $14 million on Nevada gold drilling

Next Post

DTX Exchange Announces New Blockchain, Aims to Become Top 20 Crypto Ahead of Injective (INJ) and Bittensor (TAO) in 2025

Public Health – Northwestern Now News

Public Health – Northwestern Now News

September 23, 2025
Statue of President Trump and Jeffrey Epstein titled ‘Best Friends Forever’ appears on National Mall – CNN

Best Friends Forever’: Controversial Statue of President Trump and Jeffrey Epstein Erected on National Mall

September 23, 2025
Tropical biodiversity loss from land-use change is severely underestimated by local-scale assessments – Nature

Tropical Biodiversity Loss from Land-Use Change Is Much Worse Than Local Studies Show

September 23, 2025
NIH launches $50M Autism Data Science Initiative to unlock causes and improve outcomes – National Institutes of Health (NIH) | (.gov)

NIH Launches $50M Autism Data Science Initiative to Uncover Causes and Improve Lives

September 23, 2025
Scientists make incredible discovery that solves dangerous issue with plastic: ‘We can help the world’ – Yahoo

Scientists make incredible discovery that solves dangerous issue with plastic: ‘We can help the world’ – Yahoo

September 23, 2025
10 money lessons Boomers learned young that still shape their life choices – VegOut

10 Powerful Money Lessons Boomers Learned Early That Still Shape Their Lives Today

September 23, 2025
Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

September 23, 2025
Packers’ Josh Jacobs dealing with a super concerning rushing stat – Yahoo Sports

Packers’ Josh Jacobs dealing with a super concerning rushing stat – Yahoo Sports

September 23, 2025
U.S. and Israel against the world as Palestine dominates UN week – Axios

U.S. and Israel against the world as Palestine dominates UN week – Axios

September 23, 2025
Global economic outlook weakens as policy uncertainty weighs on demand – OECD

Global economic outlook weakens as policy uncertainty weighs on demand – OECD

September 23, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (833)
  • Economy (853)
  • Entertainment (21,731)
  • General (17,202)
  • Health (9,897)
  • Lifestyle (866)
  • News (22,149)
  • People (856)
  • Politics (864)
  • Science (16,064)
  • Sports (21,353)
  • Technology (15,836)
  • World (837)

Recent News

Public Health – Northwestern Now News

Public Health – Northwestern Now News

September 23, 2025
Statue of President Trump and Jeffrey Epstein titled ‘Best Friends Forever’ appears on National Mall – CNN

Best Friends Forever’: Controversial Statue of President Trump and Jeffrey Epstein Erected on National Mall

September 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version