The gold price was rangebound this week, trading between about US$2,625 and US$2,655 per ounce.
The increase is far higher than the rise of just 12,000 in October, a month impacted by hurricanes and a labor strike.
Comments from Chair Jerome Powell also shed some light on the direction the central bank may take.
De Grey’s main asset is the Western Australia-based Hemi gold project. Northern Star believes it will enhance its existing portfolio of assets, which is made up of the Kalgoorlie, Yandal and Pogo production centers.
Gallium, germanium and antimony are included, and controls on graphite are also mentioned
The restrictions put in place by the US target China’s semiconductor industry — officials have cited national security concerns related to Chinese advancements in artificial intelligence for military applications. Meanwhile, the critical minerals that fall under China’s export ban are key in various high-tech industries, including defense.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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