Tag: gold
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Gold Strike: Historic Dittmer Mine Revival Raises Environmental Concerns
A historic gold mine, Dittmer Mine in the Whitsundays region of Queensland, is on the verge of being reopened following the discovery of a substantial gold deposit using modern exploration techniques. Ballymore Resources, the company overseeing the project, has unearthed a significant gold vein close to where mining activities ceased in the last century. The…
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Gold Hits Another Month-End High, Rare Earths and Copper Surge
In February, the spotlight shone brightly on the precious metal, gold, as it reached yet another peak at month-end. Despite falling short of breaking the significant US$3000 per ounce mark, gold continued to assert its dominance with a 0.8% increase, closing the month on a high note. The investment landscape has been heavily influenced by…
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Gold Prices Pause Amid Dollar’s Decline and Trade War Escalation
Gold prices showed a brief pause in their upward trajectory on Wednesday, despite the U.S. dollar hitting a four-month low. This halt came as a surprise after a series of gains earlier in the week, with the dollar’s decline and escalating global trade tensions playing significant roles in the precious metal’s performance. The dollar’s recent…
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ASX 200 Gold Stock Skyrockets 11% on Record Profits
The ASX 200 gold stock market recently witnessed a remarkable surge of 11% in the shares of a prominent player, driven by soaring profits. West African Resources Ltd (ASX: WAF) experienced a significant rise in its stock value, closing at $2.10 per share, up from $1.885 in the previous session. This surge reflects the company’s…
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Silver Surpasses Gold: Safe-Haven Demand Soars
In the realm of precious metals, a significant shift has been witnessed as silver outshines gold in terms of safe-haven demand, marking a remarkable turn of events. Previously, being associated with silver investments might have led to skepticism or isolation, but today, it signifies astute financial acumen. The price of silver has experienced a meteoric…
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Gold Bulls Seize Opportunity Amid Slumping Greenback
Amid a decline in the value of the U.S. dollar, gold enthusiasts are seizing the opportunity to invest in the precious metal. This move reflects a strategic shift by gold bulls who are capitalizing on the weakening greenback. The dynamics of the market have prompted a surge in interest towards gold, with investors closely monitoring…