👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and make sandwiches. 🥪

📝 Here are the highlights

💪 Gold Edges Up

🤝 Renewed Gold Bid

🐦 Uranium Breaks Out

📌 Daily Commodity Prices

💪 Gold Edges Up

Gold prices rose near daily highs amid a weaker US dollar and were ahead of the US Nonfarm Payrolls (NFP) report, gaining support from rate-cut expectations following signs of a slowing US economy.

While easing US-China trade tensions boosted risk appetite and capped gold’s upside, the metal held above key technical levels. Traders await the NFP for clearer direction, with the gold price needing to break above $3,265 to regain upward momentum.

🤝 Renewed Gold Bid

Gold Fields (JSE, NYSE: GFI) has revived talks to acquire Australia’s Gold Road Resources (ASX: GOR), after a previous bid was rejected in March for undervaluing the company.

The new attempt seeks full control of the Gruyere gold mine, a major Western Australian asset co-owned by both firms.

Gold Fields had initially offered A$2.27 per share plus a variable tied to Gold Road’s De Grey Mining stake. Gold Road countered with an offer to buy Gold Fields’ Gruyere stake, which was rejected.

Talks resumed amid record Gruyere output and surging gold prices. Gold Fields warned no deal is guaranteed, sending its shares down 6.4% in Johannesburg.

Gold Road’s shares remain suspended until May 6 or further notice. The move follows a broader M&A wave in the gold sector.

We continue to wonder if this is some bottom or some top.

Thoughts?

📰 In Other News

🐦 Uranium Breaks Out

Happy Speculating!

The Editor

Would you like to update how frequently you receive our emails? 📬