Gold

2024 - 8 - 9

Gold Fever Hits Down Under: Bellevue Strikes It Rich!

Bellevue Gold - Gold Mining - Gold Prices - Great Western Exploration - Imane Khelif - Investment Trends - Olympics

Gold prices may be shaky, but Australian explorers are setting their sights high! Discover how Bellevue Gold is joining the elite ranks of gold production!

Gold is making headlines again in Australia, but this time it’s not just about the shiny stuff. Bellevue Gold, an ASX-listed company that’s less than a year into production, is setting its sights on a major expansion. The company aims to pump out a whopping 250,000 ounces each year, thrusting it into an elite club of gold producers. This ambitious goal has created a buzz in the industry and showcases the relentless spirit of gold miners in Australia.

In the world of discovery, Great Western Exploration is getting ready to embark on a drilling adventure at its Oval copper-gold target, buoyed by a cool $3.5 million injection. The excitement surrounding this venture isn’t just about beauty in the earth’s crust; it’s about the tantalizing potential of striking gold that keeps investors and geologists glued to their maps and drill sites.

Meanwhile, gold prices are currently taking a bit of a breather, with analysts eyeing the Federal Reserve’s next moves closely. After a remarkable rally earlier in the year that saw gold reach an all-time high, it appears the market is still trying to align itself with the ongoing geopolitical uncertainties and the anticipated interest rate cuts from the Fed. With prices showing some signs of consolidation around the $2,410 mark, will gold’s glitter come back into focus soon?

As we delve deeper, the conundrum becomes clearer: while some see headwinds with the dollar strength and higher yields, others believe gold will reclaim its luster. In fact, amidst the swirling chaos, gold prices rallied over 1%, reflecting a positive outlook and an enduring psychological beacon for investors. Better grab your picks and shovels, because the Great Aussie Gold Rush might just be getting started!

Did you know that Australia has consistently ranked as one of the top gold producers in the world? In fact, it contributes around 10% of the global gold supply! Additionally, the gold mining industry is a massive economic driver in Australia, employing thousands and playing a significant role in regional economies.

Another fun fact: gold has been a symbol of wealth and power for centuries. You might be surprised to learn that ancient Egyptians were the first to use gold extensively, as it was associated with the sun god Ra, recognizing it as the ultimate material for crafting jewelry and burial items for pharaohs!

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Image courtesy of "MINING.com"

Bellevue set to join elite gold group (MINING.com)

Less than a year into production and ASX-listed Bellevue Gold has set its sights on an expansion to 250000 ounces each year.

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Image courtesy of "Mining.com.au"

Great Western 'Winu-style' copper-gold hunt entices $3.5 million ... (Mining.com.au)

Great Western Exploration will kick off drilling at the Oval copper-gold target next month, with the explorer set to get a $3.5 million boost.

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Image courtesy of "Reuters"

Gold prices set for weekly drop with focus on Fed cues (Reuters)

Gold prices were subdued on Friday and headed for a weekly decline, while investors awaited further cues to gauge the size of a potential U.S. interest rate ...

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Image courtesy of "ING Think"

Gold Monthly: Rally might not be over just yet (ING Think)

We believe gold should regain its footing once again, amid the ongoing geopolitical uncertainties and expectations of interest rate cuts from the US Fed.

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Image courtesy of "World Gold Council"

Gold Market Commentary: All aboard the rate cut train (World Gold Council)

Gold staged a strong comeback following June's decline hitting an all-time high of US$2,480/oz mid-month, driven primarily by weaker bond yields and US dollar.

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Image courtesy of "FXStreet"

Gold Forecast: XAU/USD buyers recapture key $2415 resistance ... (FXStreet)

Gold price is consolidating at the weekly high near $2410, gathering pace to extend the previous rebound.

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Image courtesy of "Kitco NEWS"

Gold Defies Headwinds of Dollar Strength, Higher Yields, and ... (Kitco NEWS)

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

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Image courtesy of "City Index"

Gold outlook still positive after recent slip (City Index)

Gold's slight weakness in recent days was probably due to the sharp sell-off in stocks, which forced the liquidation of leveraged long trades, ...

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Image courtesy of "Livemint"

Gold climbs over 1% on demand, hopes for Fed rate cuts; silver up ... (Livemint)

Spot gold rose 1.3% to $2413.19 per ounce by 1338 GMT, poised to break a five-session losing streak. U.S. gold futures also gained 0.8%, reaching $2452.20.

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Image courtesy of "FX Empire"

Gold Price Forecast: Rallies to 3-Day High, Eyes Key Resistance ... (FX Empire)

Gold rallies to a three-day high of 2426, breaking above the 20-Day MA, with potential resistance near 2450, though consolidation may continue.

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Image courtesy of "Investing.com Australia"

Gold prices dip as recession fears ease, set for weekly losses (Investing.com Australia)

Investing.com-- Gold prices fell in Asian trade on Friday as positive U.S. labor data sparked a recovery in risk appetite and sapped some safe haven demand, ...

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Image courtesy of "WWLP.com"

Gold prices rise more than 1% on safe-haven demand, now there's ... (WWLP.com)

Gold prices are up more than 1%. There is now growing optimism that the FED will cut its interest rates. 22News spoke with experts about the future of gold ...

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Image courtesy of "Fortune"

Current price of gold: Aug. 8, 2024 (Fortune)

Stack of gold ingot on purple background with space for text. Gold can be a great investment in certain periods, such as when inflation is high or the market is ...

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Image courtesy of "Forbes"

The First Descendant's Best New Gold, Shard And XP Farm Has ... (Forbes)

The First Descendant's Valby can shred frequently-spawning enemies for loads of gold, Kuiper shards and XP. Now there's a new best place to do that.

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Image courtesy of "FXStreet"

Gold: New record highs – Commerzbank (FXStreet)

Following the slump at the beginning of the week, the price of Gold has risen again to almost $2430 per troy ounce, Commerzbank's commodity strategist ...

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Image courtesy of "FX Empire"

Gold Weekly Price Forecast – Gold Continues to See Buyers on Dips (FX Empire)

The gold market sold off a couple of times in the course of the week, as we have seen a lot of value hunters out there willing to get involved in the gold ...

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Image courtesy of "Fortune"

Current price of gold: Aug. 9, 2024 (Fortune)

Trends in gold prices could indicate whether the asset can protect against inflation. Here's a look at how the precious metal is doing today.

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Image courtesy of "Kitco NEWS"

Gold price slightly up on late-week pause (Kitco NEWS)

(Kitco News) - Gold prices are just slightly higher and silver slightly lower in early U.S. trading Friday. The markets are pausing as traders await the ...

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Image courtesy of "ABC News"

Imane Khelif wins gold in the 66kg women's boxing final, after a ... (ABC News)

After ugly speculation that followed Imane Khelif around the Paris Olympics, the Algerian puts it all behind her to claim gold.

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Image courtesy of "Fox Sports"

Boxer wins gold after gender controversy; USA disqualified in shock ... (Fox Sports)

Boxer wins gold after gender controversy; USA disqualified in shock relay flop: Wrap.

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Image courtesy of "The Sydney Morning Herald"

'They hate me and I don't know why': Khelif wins gold, opens up on ... (The Sydney Morning Herald)

Khelif became Algeria's first Olympic gold medallist in 12 years and seventh of all-time, defeating China's Yang Liu at Roland-Garros.

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Image courtesy of "NBC News"

Algerian Imane Khelif wins boxing gold medal after her gender was ... (NBC News)

Algerian Imane Khelif won welterweight gold on Friday, dispatching China's Yang Liu and overcoming more than a week of opponents wrongly questioning her ...

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Image courtesy of "NPR"

Algerian boxer Imane Khelif wins Olympic gold in face of political ... (NPR)

For two weeks, political controversy and online harassment had loomed over Khelif's participation in the Olympics. On Friday, she claimed Olympic gold and ...

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Image courtesy of "The Associated Press"

Olympics boxing highlights: Imane Khelif wins gold after ... (The Associated Press)

Algerian boxer Imane Khelif wins a gold medal at Paris Olympics after facing scrutiny over misconceptions about her sex. Khelif beat Yang Liu of China in a ...

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Image courtesy of "Aljazeera.com"

Algeria's Imane Khelif beats Yang Liu to win boxing gold at Paris ... (Aljazeera.com)

The boxer emerged victorious amid a gender row to bag Algeria's second gold medal in Paris and fulfill her dream.

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