Gold’s record-setting run continued this week as the yellow metal breached the US$2,700 per ounce mark for the first time. After starting 2024 around US$2,040, gold is now up approximately 32 percent year-to-date.
As an asset that doesn’t bear interest, gold tends to fare better in low-rate environments.
Silver is finishing the week at the US$33.70 level, a point not seen since 2012. The volatile white metal is known for lagging behind gold when the yellow metal starts to run, but then typically outperforms.
The company will be exploring the development of a Virginia-based SMR with Dominion, while in Washington its deal with Energy Northwest will involve the development of four advanced SMRs.
“Many advanced reactors will use HALEU to achieve smaller designs, longer operating cycles, and increased efficiencies over current technologies,” the government agency’s press release states.
The companies said on Wednesday (October 16) that GM will provide US$625 million in cash and letters of credit, and will acquire a 38 percent asset-level ownership stake in Thacker Pass. GM previously invested US$320 million into Lithium Americas in February 2023, and the new funds bring its total spend to nearly US$1 billion.
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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