Mining Review 7th May 2023
The FED rate hike dominated the markets this week, up .25% as gold fell on the news, later recovering a little.
American Creek, Cartier Resources, Eloro, Goldshore, and Minera Alamos all made news this week.
City Investors Circle Mining Review 7th May 2023
The FED .25% rate hike dominated the news this week and despite the rise, and the potential for more rate increases, gold ended up in positive territory, up over 1% week on week at $2016.
Silver is also enjoying the positivity, up 2.4%, whilst the PGM’s were down, due to a decrese in Chinese economic output.
Companies on our watchlist in the news this Week
American Creek reported that JV partner Tudor Gold has filed a 43-101, and Goldshore reported preliminary Mettalurgy results for Moss Gold.
Click the links below for the full story.
Week on week price changes
US$ unless stated
|Gold price in UK £||1599||-0.06%|
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