👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and savor seafood. 🦐🦞

📝 Here are the highlights

😉 Inflation Hits Gold

👏 Pampa Copper

🐦 Uranium Heat Wave

📌 Daily Commodity Prices

😉 Inflation Hits Gold

Gold prices edged slightly higher today, supported by a weaker dollar, but were set for a weekly decline of 1.7% after hotter-than-expected U.S. producer price data reduced hopes for a large Federal Reserve rate cut in September.

Spot gold rose 0.2% to $3,340.59 per ounce, while December U.S. gold futures gained 0.1% to $3,387.50. Stronger inflation data and lower-than-expected jobless claims signalled ongoing economic pressure, dampening earlier optimism from milder consumer price growth. Analysts noted gold’s sensitivity to the U.S. dollar and suggested smaller price corrections may attract buyers.

Geopolitical developments, including the Trump-Putin summit in Alaska, also influenced market sentiment, while silver, platinum, and palladium fell modestly.

👏 Pampa Copper

Marimaca Copper Corp. (TSX: MARI | ASX: MC2) — Drilling confirms high-grade copper extensions at the Pampa Medina deposit, Chile.

Highlights:

• 70 metres of 1.0% Cu, including 10 metres of 4.2% Cu.

• 116 metres of 0.61% Cu, including 8 metres of 1.8% Cu.

• 50 metres of 0.53% Cu, including 10 metres of 1.1% Cu.

The mineralised area now spans 1.2 km × 1.2 km and remains open to the north and west. Low-altitude, flat terrain and proximity to infrastructure support potential development.

📰 In Other News

🐦 Uranium Heat Wave

Happy Speculating!

The Editor

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