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This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and let's go walk the dog. 🐕

📝 Here are the highlights

🧐 Gold Faces Pressure

👏 Spring Hill Extends

🐦 Ringing Nasdaq's Bell

📌 Daily Commodity Prices

🧐 Gold Faces Pressure

Gold was on track for a weekly loss of around 2% today as rising US Treasury yields and growing expectations of further Federal Reserve rate hikes weighed on bullion.

Spot gold was up 0.3% at $4,291.06 per ounce, while US gold futures rose 0.7% to $4,326.60.

Reuters reported that Treasury yields were near a two-decade high, increasing the opportunity cost of holding non-yielding gold, while traders were pricing in a 71% chance of an October rate hike and 95% chance of a December hike.

Meanwhile, US-Iran negotiations over a possible reopening of the Strait of Hormuz could ease some energy-supply concerns, while lower gold prices have brought modest buying interest from Indian consumers ahead of the festive season.

👏 Spring Hill Extends

PC Gold Ltd (ASX: PC2) has reported further diamond drilling assay results from its Spring Hill Gold Project near Pine Creek in the Northern Territory, Australia.

Highlights:

• 29.65 metres of 4.32 g/t Au, including:

  • 4.75 metres of 8.60 g/t Au

• 33.38 metres of 2.17 g/t Au, including:

  • 4.00 metres of 4.51 g/t Au

• 34.00 metres of 2.07 g/t Au, including:

  • 10.00 metres of 4.17 g/t Au

Link Zone mineralisation was intersected 30 metres down dip of the current model at higher grades than modelled.

Assays remain pending for several intervals, and results will feed into an updated Mineral Resource Estimate targeted for December 2026.

📰 In Other News

🐦 Ringing Nasdaq's Bell

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Happy Speculating!

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