👷‍♀️ Greetings, Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and play pool. 🎱

📝 Here are the highlights

🧐 Gold Market Jitters

😍 Mojave Girl Grades

🐦 Uranium Pricing Gap

📌 Daily Commodity Prices

🧐 Gold Market Jitters

Gold prices remained under pressure this week as rising oil prices, inflation concerns and expectations of higher US interest rates reduced demand for the metal, despite ongoing geopolitical tensions in the Middle East.

Reuters reported that spot gold hovered around US$4,500/oz after falling to multi-week lows, with stronger Treasury yields and a firmer US dollar weighing on investor sentiment.

Markets are increasingly pricing in the possibility of a US Federal Reserve rate hike later this year as elevated oil prices linked to the Iran conflict continue to fuel inflation fears.

Meanwhile, analysts noted that easing oil prices and lower bond yields briefly supported gold mid-week, although the metal remains on track for a second consecutive weekly decline.

😍 Mojave Girl Grades

Providence Gold Mines Inc. (TSXV: PHD) reported gold results from the Mojave Girl Vein stockpiles at the La Dama de Oro property in California, USA.

Highlights:

• 2.56 metres of 8.0 g/t gold.

• 3.60 metres of 5.2 g/t gold.

• 2.32 metres of 4.9 g/t gold.

Phase One sampling returned multiple gold intervals above 4.0 g/t gold from the Mojave Girl stockpiles, with Phase Two now planned at the Tarantula Mine surface workings located around 100 metres away.

Providence Gold said the program supports its objective of advancing a permitted 1,000-ton bulk sample at La Dama de Oro.

📰 In Other News

🐦 Uranium Pricing Gap

Happy Speculating!

The Editor

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