⛏️ Dollar Boosts Bullion

PLUS: Aquilon Hits

👷‍♀️ Greetings Contrarian!

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📝 Here are the highlights

😎 Dollar Boosts Bullion

👏 Aquilon Hits

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📌 Daily Commodity Prices

Source: TradingEconomics and Numerco.

😎 Dollar Boosts Bullion

Gold prices edged higher today, supported by a weaker U.S. dollar and growing expectations of an interest rate cut at next week’s Federal Reserve meeting, while investors awaited delayed September PCE inflation data, the final key input before the policy decision.

Spot gold rose 0.4% to $4,225.11/oz, though it remained slightly down for the week, as softer labour data and easing dollar strength reinforced the outlook for looser monetary policy, which typically benefits non-yielding assets like gold.

Silver climbed nearly 2% to $58.19/oz and is up more than 100% this year on tightening supply and strong ETF demand, while platinum ticked higher and palladium regained ground despite heading for a weekly loss.

👏 Aquilon Hits

Sirios Resources (TSXV: SOI) reported new drilling results from its 5,420-metre summer program at the Aquilon Gold Project in Eeyou Istchee James Bay, Quebec, Canada.

Highlights

  • 4.8 metres of 2.55 g/t Au, including 1.0 metre of 10.3 g/t Au.

  • 4.0 metres of 1.12 g/t Au, including 1.0 metre of 3.01 g/t Au.

  • 1.2 metres of 2.78 g/t Au.

Drilling has outlined a newly discovered gold-mineralized halo exceeding one kilometre in strike and several hundred metres in width, open in all directions and hosted in felsic volcanic rocks.

The north-south corridor demonstrates strong expansion potential in an underexplored area west of historical showings.

📰 In Other News

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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