Gold Technical Forecast: XAU/USD Weekly Trade Levels Gold has spent five consecutive weeks defending a pivotal support zone near the yearly lows. Repeated attempts to force a sustained breakdown have failed, raising the risk of a larger price inflection. The July opening range is forming just above support, increasing the importance of the next directional break. U.S. CPI and PPI data next week could provide the catalyst that resolves the current stalemate. Resistance 4319, 4492-4540 (key), 4894- Support 4074-4112 (key), 3887, 3570 For more than a month, sellers have repeatedly pressed the same technical floor without securing a decisive weekly breakdown. That resilience has left XAU/USD locked in an increasingly important consolidation as the July opening range develops and the broader March decline begins to lose momentum. With U.S. inflation data due next week, the next move could determine whether Gold is building a durable base or merely pausing before another leg lower. Battle lines drawn on the XAU/USD weekly technical chart.
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Gold Price Chart – XAU/USD Weekly
Chart Prepared by Michael Boutros, Sr. Technical Strategist; XAU/USD on TradingView
Technical Outlook: In my last Gold Technical Forecast we noted that XAU/USD was trading into pivotal support and that, “From a trend standpoint, the threat rises for an exhaustion low in the weeks ahead… From a trading standpoint, losses would need to be limited to 4074 IF price is heading for a larger recovery with a breach above 4540 needed to suggest a more meaningful reversal is underway.” Despite multiple intraweek attempts, the bears have been unable to mark a weekly close below this key support barrier with the July opening range now taking shape just above. We will be looking for the breakout for guidance here with the March downtrend vulnerable while above this pivot zone.
Initial weekly resistance is eyed at the 52-week moving average (currently near ~4272) and is backed closely by medium-term bearish invalidation at the objective yearly open at 4319. Note that channel resistance converges on this level into the close of month. Key resistance remains unchanged at 4493-4540- a region defined by the March low-week close (LWC), the 38.2% retracement of the of the March decline, and the 2025 high-close. A breach / weekly close above this threshold would be needed to suggest a more significant low is in place and a larger trend reversal is underway.
Weekly support rests with the 61.8% retracement of the March decline, the March low, and the October high-week reversal close (HWC) at 4074-4112. Price has been testing this support barrier for five-weeks now and a break / close below this level could fuel another bout of accelerate losses towards subsequent support objectives at the October swing low at 3887 backed by the trendline confluence near 3700 and the 100% extension at 3570. Both levels of interest for possible downside exhaustion / price inflection IF reached.
Bottom line: Gold is testing pivotal support with price carving the Jul opening-range just above. Look for the breakout to offer guidance here in the days ahead. From a trading standpoint, this support would need to hold IF price is heading for a larger recovery here with a breach / weekly close above the yearly open needed to invalidate the March downtrend.
Highlighting the economic calendar next week will be the release of key U.S. inflation data, with the June Consumer Price Index (CPI) due Tuesday followed by the Producer Price Index (PPI) on Wednesday. After Chair Warsh reaffirmed the Fed's commitment to restoring inflation to its 2% target, markets will be closely scrutinizing the data for clues on the future path of monetary policy. A stronger-than-expected inflation reading would likely reinforce expectations for additional Fed tightening, supporting the U.S. dollar and Treasury yields while weighing on gold prices. Conversely, softer inflation data could temper rate-hike expectations, easing pressure on bullion and allowing gold to further stabilize above this pivotal support zone. Stay nimble into the release and watch the weekly closes for guidance. Review my latest Gold Short-term Outlook for a closer look at the near-term XAU/USD technical trade levels.
Key US Economic Data Releases
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Active Weekly Technical Charts British Pound (GBP/USD) Australian Dollar (AUD/USD) US Dollar Index (DXY) Canadian Dollar (USD/CAD) Japanese Yen (USD/JPY) Euro (EUR/USD) Bitcoin (BTC/USD) Swiss Franc (USD/CHF) --- Written by Michael Boutros, Senior Technical Strategist
The price of Gold has recovered from June's sharp sell-off, and HSBC believes the precious metal can continue to rebound even as a hawkish Federal Reserve keeps US yields elevated.
The Gold price in US Dollars (XAU/USD) traded near $4,165 on Friday, up almost 1% on the day after rebounding more than 3% since the start of July.
The recovery follows an almost 12% decline in June, when prices briefly slipped below $4,000.
Image: Gold price in US Dollars - 2 day chart HSBC says the stronger US Dollar and higher real interest rates remain near-term headwinds, but argues that the recent correction has already priced in much of the Federal Reserve's hawkish shift.
The bank believes gold's longer-term fundamentals remain favourable despite the tougher macro backdrop, pointing to continued central-bank demand, geopolitical uncertainty and concerns over rising government debt.
HSBC argues that even if the Fed keeps interest rates higher for longer, structural demand should continue to underpin bullion.
Image: XAU/USD 6 month historical chart
The bank also expects official-sector buying to remain an important source of support, while investors are likely to rebuild positions once confidence grows that US yields have peaked.
Although HSBC acknowledges further volatility is likely in the near term, it believes gold should continue to "shine through" the current hawkish environment rather than enter a prolonged bear market.
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Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.
The price for Gold stood at 36,752.75 Pakistani Rupees (PKR) per gram, down compared with the PKR 36,800.86 it cost on Thursday.
The price for Gold decreased to PKR 428,676.90 per tola from PKR 429,238.00 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
36,752.75
10 Grams
367,526.60
Tola
428,676.90
Troy Ounce
1,143,139.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet.
The price for Gold stood at 497.03 Saudi Riyals (SAR) per gram, down compared with the SAR 497.70 it cost on Thursday.
The price for Gold decreased to SAR 5,797.23 per tola from SAR 5,805.06 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
497.03
10 Grams
4,970.27
Tola
5,797.23
Troy Ounce
15,459.55
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Technical Indicators and Support Boundaries A breakdown below $3,900, I think, opens up a floor down to the $3,500 level in this market, and I think that’s probably pretty likely. Anytime this market rallies it seems to struggle, and with a reasonably strong US dollar, that’s going to continue to be a problem. Ultimately, I like the idea of perhaps fading short-term rallies that show signs of exhaustion, but really, at this point in time, I’m not overly aggressive.
I think gold is going to remain very noisy and that will probably be the way this market plays out for some time. With this, I like the idea of fading the first signs of exhaustion. I’m not really a big fan of jumping in with both feet, but I do recognize that if we break down, that could get ugly really quickly. If that’s going to be the case, then I anticipate that traders will continue to push and push, probably with a US dollar that’s rising at the same time.
Gold fell to 4,032 USD per ounce on Thursday, marking its second consecutive day of decline. Pressure on the market intensified amid fears that a new escalation of conflict in the Middle East could disrupt energy supplies and accelerate inflation.
The US military confirmed that it has been striking targets in Iran for the second consecutive day, seeking to limit Tehran’s ability to threaten shipping through the Strait of Hormuz. In response, Iran has announced preparations for a large-scale operation against American military bases in the region.
US President Donald Trump stated that, in his view, the ceasefire has effectively come to an end. He also warned of the possibility of further strikes against Iran and the imposition of an additional naval blockade.
Additional investor attention has been drawn to the minutes from the Fed’s June meeting. They showed that only a small proportion of the regulator’s representatives advocated a rate hike as early as June, with most participants remaining concerned about inflation risks.
The market continues to price in at least one Fed interest rate increase before the end of 2026, which limits gold’s upside potential despite ongoing demand for safe-haven assets.
Technical Analysis
On the H4 XAU/USD chart, the market is trading within a consolidation range around the 4,090 USD level. A decline to 4,018 USD and a subsequent rise to 4,088 USD have been completed. A further move lower towards 3,930 USD is expected, followed by a potential rebound to 4,055 USD, with scope for an extension to 4,150 USD. The MACD indicator confirms the current downside momentum, with its signal line below the centre line and pointing firmly downwards.
On the H1 chart, the market has broken below the 4,090 USD level and is moving lower towards 3,977 USD. A wide consolidation range is forming around 4,090 USD. The Stochastic oscillator confirms this scenario, with its signal line below the 50 level and pointing downwards towards 20, indicating continued downside pressure.
Conclusion Gold continues to decline as renewed Middle East conflict intensifies fears of energy supply disruptions and rising inflation. US strikes on Iran and Tehran’s threat of retaliation have escalated tensions, with President Trump declaring the ceasefire effectively over. Meanwhile, the Fed minutes revealed a cautious central bank, with only a minority advocating an immediate rate hike, while most members remain vigilant about inflation risks. Markets continue to price in at least one Fed rate hike before year-end, limiting gold’s appeal despite safe-haven demand. Technically, further downside towards 3,930 USD appears likely, with any recovery likely to be capped by ongoing geopolitical and monetary policy headwinds.
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Gold (XAU/USD) struggles to capitalize on the previous day's bounce from the $4,020 area, or a one-week low, and oscillates in a narrow range during the Asian session on Thursday. The US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes and acts as a tailwind for the bullion. However, renewed US-Iran hostilities revive inflation fears and bolster bets on a US Federal Reserve (Fed) rate increase in 2026. This helps limit the downside for the USD and continues to undermine the non-yielding yellow metal.
The Minutes from the June 16–17 FOMC meeting, released on Wednesday, revealed that policymakers were divided with regard to the direction of interest rates. The minutes further stated that many participants indicated the appropriate level of the federal funds rate would be within or slightly below the current target range at the end of this year. This comes on top of last Thursday's soft US Nonfarm Payrolls (NFP) report and does little to alter Fed hike bets. Fed officials, however, noted that the upside risk to inflation remains elevated and indicated that some policy firming would likely be warranted to return inflation to 2%.
Moreover, traders are still pricing in around a 70% chance that the US central bank will raise borrowing costs in September. This, along with a further escalation of tensions between the US and Iran, holds back the USD bears from placing aggressive bets. In the latest development, the US military unleashed a new wave of strikes against Iran in retaliation for Tehran’s attacks on commercial ships in the Strait of Hormuz. Iran retaliated by continuously targeting US military installations and assets across Bahrain and Kuwait. Adding to this, US President Donald Trump said on Wednesday that the ceasefire with Iran was now over.
The aforementioned fundamental backdrop favors the USD bulls, suggesting that any recovery attempt in the Gold price is more likely to be sold into and remain limited. Traders now look forward to the release of the Weekly Initial Jobless Claims data from the US, which, along with speeches from influential FOMC members, will drive the USD demand. The focus, however, will remain glued to the Middle East saga, which might continue to infuse volatility in global financial markets and produce some meaningful trading opportunities around the precious metal.
XAU/USD daily chart
Gold bears have the upper hand below 200-day SMA and within descending channelFrom a technical perspective, the XAU/USD pair keeps a bearish near-term bias beneath the 200-day Simple Moving Average (SMA) and within a downward parallel channel. Meanwhile, the Moving Average Convergence Divergence (MACD) has turned positive, and the Relative Strength Index (RSI) is at 40.26, having recovered only modestly from oversold territory. This hints that any rebound would face strong resistance at the channel top near $4,247.94.
A sustained break above the channel barrier would be needed to ease the current bearish pressure, ahead of a more robust barrier at the 200-day SMA around $4,492.08. On the downside, the lower boundary of the descending channel at $3,811.93 emerges as the next significant support, where bulls would be expected to defend the broader uptrend if the ongoing correction extends.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.
The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar.
Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.
At the end of June, I outlined the potential for gold to bounce from the $4,000 level. While there was, of course, the obligatory noise around that key support, bulls eventually gained some traction, with gold rising 6.6% from last week's low to Friday's high. Although prices have since pulled back, XAU/USD continues to hold above its recent cycle lows, leaving bulls to ponder whether another leg higher could still unfold.
View related analysis:
Gold Price Rebound? Futures Positioning Signals Support Above 4,000 AUD/USD Outlook 2026: Key Drivers for the Australian Dollar in Q3 FX Futures Positioning: US Dollar, EUR, GBP, JPY | COT Report Crude Oil Finds Support at Its Pre-War Close, Gold Bounces and USD Retreats Why Gold Bulls May Still Have the Upper Hand Gold Finds Support as Oil Rebounds and US Dollar Rally Fades It was encouraging to see WTI crude oil prices also bounce from the support level I highlighted last week. Oil prices had fallen 44% from their post-war spike, printed their smallest bearish weekly candle in more than four months, yet consistently held above their pre-war close with near perfection. Crude oil prices have risen by as much as 13% from last week's low as President Trump once again verbally attacks Iran, making it easy work for bulls after an extended selloff into a key support level.
Gold's price action is more nuanced for bulls, but they may still have a case for a cheeky bounce higher, at least over the near term.
Net-long exposure to the US dollar may be nearing a sentiment extreme, which I outlined again in my weekly Commitment of Traders (COT) report. Bulls have also lost a little momentum on the US dollar index rally, which is helping gold hold above 4,000 for now.
Source: NYMEX, ICE, IMM, CFTC (COT)
Gold Seasonality Favors Bulls in July and August July tends to offer a slight seasonal advantage for bulls, with data since 2000 showing average and median returns of around 1% and a 56% win rate. Among those bullish Julys, the average gain has been 3.8%. August seasonality is even stronger, with a 64% win rate, average and median returns of around 2%, and an average gain of 4.3% during bullish months.
Source: LSEG
Gold's Daily July Seasonality Points to a Bullish Window Seasonal patterns may not provide a roadmap for the future, but they can highlight tendencies in price action during quieter periods that are not overshadowed by major economic or geopolitical drivers. With volatility seemingly lower for now and markets seeking a fresh catalyst, perhaps seasonality can play out in the weeks ahead. On that note, gold's daily returns during July also show that 8–13 July tend to deliver positive average returns alongside mostly favourable win rates. Extra caution is warranted when interpreting daily seasonality data, but the pattern is at least worth highlighting.
Source: LSEG
Gold Futures (GC) Technical Analysis Daily Chart: Gold Bulls Eye a C-Wave Recovery The daily chart shows that while gold remains in a downtrend, it has staged a countertrend rally. The question now is whether bulls have enough fuel in the tank for another leg higher as part of a potential ABC correction. The 20-day EMA continues to cap prices as resistance and momentum has turned lower, yet Wednesday's wide-legged doji suggests bears may already be losing their grip. The fact that this has occurred above 4,000, while gold has entered a period of the month with a slight bullish seasonal tailwind, adds weight to the case for another move higher over the near term as part of the 'C' wave of an ABC correction.
1-Hour Chart: Volume Still Needs to Confirm the Bounce The 1-hour chart shows Wednesday's low respected last week's volume point of control (VPOC), adding further weight to the case for a potential swing low. That said, volumes during the recent bounce from those lows have declined, suggesting a lack of bullish participation. Bulls may therefore want to remain on guard for a pullback within yesterday's range today.
Source: LSEG
My near-term bias remains bullish while gold holds above the recent swing lows, and with Wednesday's doji forming above 4,000, bulls may be preparing to make their next move. A bullish divergence formed on the daily RSI (14) heading into the swing lows, suggesting the mature bearish trend has been losing momentum. Note that the 200-day and 50-day EMAs sit near the June volume point of control (VPOC), just above the 4,300 handle. A 100% projection of Wave A from the assumed Wave B low lands near the 4,300 handle. With a notable cluster of resistance between 4,300 and 4,340, bears may also be lurking to capitalise on any such bounce with a view to taking gold back below 4,000. View the full economic calendar
That being said, a short-term bounce is possible. So, if you are a short-term trader, that could be your plan for the day. We have pushed back a little bit against the selling pressure. US rates in a climb during the early part of the session will continue to put pressure on gold, so I’m not a big fan of buying here, but I do recognize that the technical bounce could be part of the play.
Imminent Death Cross Threatens Gold Outlook The 50-day EMA is likely to break down below the 200-day EMA, and if it does, that kicks off the so-called Death Cross. It would not be a good sign either. That being said, the indicator does tend to lag, so that’s just telling you what you’ve seen over the last several months that gold has been in trouble.
I don’t really see anything on this chart that tells me gold is suddenly going to explode to the upside. Longer term, I like it, but right now I think we have too many things working against it for it to truly take off anytime soon.
Participants should monitor key data, consider hedging, and align positions with risk tolerance amid ongoing volatility While South Africa's healthy trade surplus limits runaway depreciation, upcoming local manufacturing output data and Fed policy minutes pose near-term risks Participants should monitor key data, consider hedging, and align positions with risk tolerance amid ongoing volatility The USD/ZAR currency pair has seen a recovery in recent trading sessions. Following a decline through late June 2026, the pair increased by approximately 0.5% yesterday and continued with modest gains during intraday trading today. This upward movement has gained traction in today’s active session, moving the pair beyond the 16.32 level.
What’s Driving the Move The main reason for this is a general avoidance of risk, not something unique to South Africa.Tensions between the US and Iran have flared up again. Reports suggest President Trump declared a previous ceasefire was “over” after new strikes occurred between the two nations.
Headlines like that usually cause money to move towards safe places like the US dollar and away from currencies linked to emerging markets and commodities. The South African rand falls into that latter group.
Adding to the pressure, prices for gold and platinum group metals have weakened. South Africa is a major global producer of these metals, so softer precious metal prices tend to negatively impact the rand. This is because it reduces the country’s export earnings and the capital inflows from the mining sector that typically support the currency.
Implications for Market Participants This recovery suggests investors and traders should take a measured look. For anyone involved with South African assets or currency trading, it shows how sensitive the rand is to outside factors. The pair’s performance indicates that short-term fluctuations are often more about global money movements than just events happening within South Africa.
Investors might see this recent activity as a reminder that the currency can be quite volatile. Those holding assets in rand might think about using hedging strategies to handle potential price swings. On the other hand, traders looking for specific trading opportunities could keep an eye on technical price levels and upcoming economic reports to see if there’s a consistent upward trend.
A balanced approach is advisable. Short-term traders might find opportunities in the rebound through disciplined position management, while long-term investors should prioritize diversification and fundamental economic drivers over daily price changes. Staying informed about US economic indicators, South African inflation and growth figures, and commodity market trends will be crucial.
For retail investors and those managing currency allocations, this macroeconomic environment suggests that pursuing the recent USD/ZAR breakout requires significant caution. The rand’s current resilience is conditional rather than structurally guaranteed. South Africa continues to maintain a healthy trade surplus, which provides a natural buffer against severe, uncontrolled depreciation of its local currency.
Key Risks on the Horizon Despite the current recovery, significant risks persist. Stronger-than-anticipated US economic data or a delay in Federal Reserve interest rate cuts could further strengthen the US dollar, leading to higher USD/ZAR levels.
On the South African side, any weakening of fiscal indicators, challenges with power supply, or shifts in political stability could put pressure on the rand. Volatility in commodity prices also remains a key factor, given the nation’s reliance on mineral exports.
What primary geopolitical factor abruptly halted the South African rand’s steady multi-week appreciation trend against the US dollar?
Sudden military strikes in the Middle East triggered an immediate risk-off reaction, forcing global capital to flee into safe-haven US dollar assets.
How should investors approach this currency movement?
Assess personal exposure, consider hedging, and monitor key data releases while maintaining a long-term perspective.
Is this rebound a buying opportunity for the dollar?
It may suit tactical trades, but risks warrant caution and alignment with overall portfolio strategy.
US Dollar Index futures (DX.F) daily chart. Source: GoldenMeadow.eu The Dollar Verifies Historic Breakout The dollar barely moved today (the move back up after reaching the previous highs is notable, though), and it did not need to. It broke above 100, verified that breakout last week, and it is holding while the metals break. Every failed rally in gold and every fresh low in silver is another vote for the same outcome. The chart has not changed. What changed today is that the market ran the hardest test there is, and the dollar passed.
I owe you one honest caveat, because an oil shock does not press on gold the same way at every size. While this stays a contained flare that lifts crude by a manageable amount, the chain runs clean, from oil to inflation to a firm dollar (higher odds for rate hikes) to weaker metal, which is exactly today. If the Strait were to close outright and crude ran toward the numbers some analysts are now naming, well above $100, the shock would stop being merely inflationary and turn into something harsher, with stalling growth and financial stress in the mix.
That is the setting where gold’s role has flipped before, in the 1970s, once the damage grew large enough to force central banks to fight a slump instead of only prices. Nothing on today’s tape is close to that, and every arrow points my way this morning, but I will keep the full-closure path in view, because it is the one road that would rewrite the script.
None of this dents the outlook. The bounce is spent, the sector is rolling over together, and it is doing so into the loudest bullish headline of the year. War came back to the Strait, oil soared, and gold sank. The market has told you, in the plainest voice it has, what truly drives it.
GDXJ, GLD and SLV comparison chart on the daily timeframe. Source: GoldenMeadow.eu Mining stocks plunged almost 5% yesterday, and given today’s move lower in gold, the odds are that we’ll see a slide well below the flag pattern, perhaps even to new 2026 lows.
Makes one wonder why miners declined so much yesterday, even though gold moved only modestly lower then. Well, it is usually the case that mining stocks lead metals higher or – in this case – lower, but in this particular case… Perhaps someone (or more people) knew that the situation in Iran is going to get messier? The same with oil’s breakout.
You see, the “chart voodoo” also known as the technical analysis is no voodoo at all. It’s a set of rules and principles that work most of the time, but not all of the time because no situation is identical. The point is that they are based on reality, and sometimes on reality that is happening behind closed doors. If one knows where to look, they can stay on the right (legal) side of the said door, and still get a feeling of what’s likely to happen next. Just like you don’t have to be in a given room to hear what’s happening there if you’re close enough. In our case, this “being close enough” means knowing what to monitor.
Also, please note that the FCX was down substantially already yesterday, even though copper is down only today.
HomeTechnical AnalysisIntraday Analysis 08.07.2026 Gold hits another roadblock
Intraday analysis covering GBPUSD , XAUUSD (The Gold) , and USOIL , highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets.
GBPUSD hits resistance
Cable had a July to remember, with price action jumping over 200 pips since the beginning of the month.
The market mood has remained positive despite a slight retracement after hitting the 1.3400 zone. 1.3340 is needed if a full reversal is to happen, before a move towards the lower region of 1.3300. On the upside, a break above 1.3400 will lead to a continuation towards 1.3460. XAUUSD looking for direction
XAUUSD (The Gold)is looking to continue its trajectory even after hitting some resistance.
As the price now struggles to secure a move past 4150, the recent double bottom around 4120 is a critical floor to stabilise sentiment. A breach at the said level could trigger a round of liquidation, with the psychological level of 4000 as a potential target. If prices can remain above 4120, then 4190 will be on the radar for buyers as sentiment shifts once again. USOIL going nowhere
Oil is stuck and going nowhere since the previous sell-off.
Only a twist in the Middle Eastern tensions would cause a spike in prices, but for now, no news means no movement. Prices remain in consolidation between 68.00 and 70.00 with the RSI slowly creeping into the neutral zone. A break at one of those levels would see the next phase for the black gold as global tensions simmer. 72.50 is a potential target, with 64.00 being a critical support.
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ING strategists Warren Patterson and Ewa Manthey report that Gold has edged lower after an early advance as traders await the June Federal Open Market Committee (FOMC) minutes, but the metal trades in line with evolving US rate expectations and remains supported above $4,000/oz. Ongoing Strait of Hormuz security concerns and persistent official‑sector buying, led by China, underpin the outlook.
Fed path and China buying in focus"Gold edged lower in Tuesday’s afternoon trading after an early advance as investors looked ahead to the release of the June Federal Open Market Committee minutes later this week for further clues on the Federal Reserve's policy path. The metal continues to trade largely in line with shifting US rate expectations. Last week's weaker-than-expected jobs data reduced expectations of additional tightening and helped gold stabilise back above the $4,000/oz level."
"Meanwhile, official-sector demand remains supportive. Data from the People's Bank of China showed it increased its gold reserves for a 20th consecutive month in June. This marks its largest monthly purchase since late 2023."
"The continued accumulation highlights China's ongoing efforts to diversify reserves and reinforces a broader trend of strong central bank buying. It should continue to provide an important source of support for gold prices despite recent volatility."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Gold prices rose in Philippines on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 8,163.38 Philippine Pesos (PHP) per gram, up compared with the PHP 8,124.08 it cost on Tuesday.
The price for Gold increased to PHP 95,216.29 per tola from PHP 94,757.73 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,163.38
10 Grams
81,632.80
Tola
95,216.29
Troy Ounce
253,910.30
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Saudi Arabia on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 498.07 Saudi Riyals (SAR) per gram, up compared with the SAR 495.60 it cost on Tuesday.
The price for Gold increased to SAR 5,809.18 per tola from SAR 5,780.59 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
498.07
10 Grams
4,980.65
Tola
5,809.18
Troy Ounce
15,492.01
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Pakistan on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 36,941.44 Pakistani Rupees (PKR) per gram, up compared with the PKR 36,785.06 it cost on Tuesday.
The price for Gold increased to PKR 430,883.40 per tola from PKR 429,053.80 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
36,941.44
10 Grams
369,412.60
Tola
430,883.40
Troy Ounce
1,149,025.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 12,620.82 Indian Rupees (INR) per gram, up compared with the INR 12,558.66 it cost on Tuesday.
The price for Gold increased to INR 147,207.30 per tola from INR 146,481.70 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
12,620.82
10 Grams
126,208.70
Tola
147,207.30
Troy Ounce
392,560.30
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold price (XAU/USD) loses ground to around $4,100 during the early Asian session on Wednesday. The precious metal faces new selling pressure after the US vows a response against Iran following reports of attacks on three oil tankers in and around the Strait of Hormuz. Traders await the release of the Federal Reserve’s (Fed) June meeting minutes later on Wednesday.
“US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” Centcom said on Tuesday.
The US military added that the strikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz.
Renewed tensions threaten to further destabilize relations between Washington and Tehran after both countries inked an interim peace deal last month that ended fighting on all fronts and reopened the strait. This, in turn, could raise energy-driven inflation fears and weigh on the non-yielding bullion.
A disappointing June US Nonfarm Payrolls (NFP) report has prompted traders to scale back Federal Reserve (Fed) rate hike bets, which might help limit the non-yielding metal’s losses. Data last week showed the US economy added 57,000 jobs in June, less than the downwardly revised 129,000 added in May and lower than the market expectations of 110,000.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Gold (XAU/USD) price retreats by 0.44% on Tuesday as the yellow metal fails to clear $4,200 amid rising US consumer inflation expectations and threats of a resumption of hostilities in the Middle East, following reports of attacks in the Strait of Hormuz. The XAU/USD pair trades at $4,146 after peaking at $4,180.
Bullion retreats as yields climb and Hormuz risks returnThe yellow metal seems poised to consolidate after failing to clear a downward-sloping resistance trendline near $4,200, which exacerbated XAU’s drop towards the $4,150 area. Recent data from the NY Fed showed that inflation expectations rose to their highest level since September 2023.
The NY Fed Survey of Consumer Expectations indicated increasing concern among Americans about the high cost of living, with one-year inflation expectations climbing from 3.5% in May to 3.7% in June. Further data showed that the Goods and Services Trade Balance deficit widened from $-54.6 billion in April to $-77.6 billion in May, below estimates of $-78 billion.
The de-anchoring of inflation expectations could be a reason for Fed officials to raise interest rates. Additionally, reports from the Middle East indicated that two ships were attacked by the Iranian Revolutionary Guard Corps (IRGC), as reported by Iran’s Fars agency, which fueled fears that energy prices could reaccelerate ahead of the US-Iran talks resumption.
Oil prices immediately edged higher, underpinning the Greenback due to their positive correlation. At the time of writing, Western Texas Intermediate (WTI), the US crude Oil benchmark, is up over 2.70% to $70.48 per barrel. At the same time, the US Dollar Index (DXY), which measures the buck’s performance against a basket of six currencies, trades at 199.97, up 0.12%.
Another reason to consider is that US Treasury yields are rising. The US 10-year Treasury yield has risen by 5.5 basis points to 4.525%. Despite this, money markets are sceptical of a rate hike at the July 29 meeting, but for September, the odds are near 60%, according to Prime Market Terminal.
The World Gold Council reported that the People’s Bank of China (PBoC) added further Gold reserves for the 20th consecutive month, with stockpiles hitting 75.44 million fine troy ounces at the end of June, up from 74.96 million a month earlier.
Investors' eyes shift towards the release of the latest FOMC meeting minutes on Wednesday, followed by Thursday's jobless claims for the week ending July 4.
XAU/USD technical outlook: Gold remains bearish below $4,200, sellers eye $4,000Gold’s downtrend is set to extend further if XAU fails to break a resistance line at around $4,200-$4,225. Furthermore, the formation of a 'death-cross' on the daily chart indicates that sellers are gaining traction, which could lead to further declines.
The Relative Strength Index (RSI) remains bearish despite nearing the neutral 50 level. Over the past two trading sessions, it has indicated potential for additional downside.
Bullion’s path of least resistance is downwards. The first support is the $4,150 figure, followed by the psychological $4,100 mark. A breach of the latter will expose the $4,050 milestone, which lies ahead of the $4,000 figure and the year-to-date low at $3,941.
For a bullish turnaround, Gold must clearly break above $4,250 and then aim for $4,300. Resistance levels include the 50-day SMA at $4,391 and the 200-day SMA at $4,488, with $4,500 also in sight.
Gold daily chart Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Gold Technical Outlook: XAU/USD Short-term Trade Levels Gold has fallen nearly 30% from the record high after another sharp decline into the close of June. XAU/USD has rebounded from the yearly lows, with momentum divergence suggesting downside pressure may be fading. The recovery is now testing whether buyers can defend a key pivot zone and build a more durable low. FOMC minutes could provide the next catalyst as traders reassess the Fed outlook after weaker payrolls data. Resistance 4214, 4305/19 (key), 4367- Support 4074/98, 4007 (key), 3951 Gold is attempting to stabilize after a nearly 30% decline from the record high, with XAU/USD rebounding from fresh yearly lows on building momentum divergence. The recovery has brought price back above a key pivot zone, but buyers still need to prove they can defend support and extend the rebound into a broader recovery. With FOMC minutes on tap and markets reassessing the Fed outlook after weaker payrolls data, traders are watching to see whether gold can carve out a more durable low or if the broader downtrend reasserts itself. Battle lines drawn on the XAU/USD short-term technical charts.
Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more. Join live on Monday’s at 8:30am EST.
Gold Price Chart – XAU/USD Daily
Chart Prepared by Michael Boutros, Sr. Technical Strategist; XAU/USD on TradingView
Technical Outlook: In last month’s Gold Short-term Outlook we noted that XAU/USD had recovered back into the yearly open and that, “From a trading standpoint, losses should be limited to 4212 IF price is heading higher on this stretch with a close above 4540 needed to validate a near-term technical low and fuel the next leg of the advance.” The rally faltered the next day with gold plunging another 10% into the close of June before settling just above the late-October low-day close (LDC) at 3951.
A rebound on strong momentum divergence into the start of the month has extended more than 6.6% off the yearly low with this week’s pullback taking XAU/USD back above a pivotal support zone. The monthly opening range is taking shape here around the March lows and the focus is on a potential breakout in the days ahead for guidance with the broader short-bias vulnerable near-term.
Gold Price Chart – XAU/USD 240min
Chart Prepared by Michael Boutros, Sr. Technical Strategist; XAU/USD on TradingView
Notes: A closer look at gold price action shows XAU/USD trading within the confines of a proposed ascending pitchfork extending off the June low. Initial support now rests at 4074/98- a key pivot zone defined by the 61.8% extension of the late-February decline and the March swing low. Note that the lower parallel converges on this zone into the close of the week and losses below this slope would invalidate the near-term uptrend and expose the yearly low-day close / July open at 4007. A break / daily close below this level would mark resumption of the broader downtrend towards the late-October low-day close (LDC) at 3951 and the October swing low at 3887.
Initial resistance is eyed at the 61.8% retracement of the most recent decline at 4214. This level converges on the 75% parallel over the next few days and a breach / close above is needed to fuel the next major leg of the recovery. Key resistance is eyed with the 38.2% retracement of the April decline and the objective yearly open at 4305/19- look for a larger reaction there IF reached. Subsequent resistance is eyed at the May low at 4367 and 4493-4533.
Bottom line: Gold has rebounded back above a key pivot zone with the weekly range taking shape just above. From a trading standpoint, losses would need to be limited to 4074 IF price is heading higher on this stretch with a close above 4214 needed to fuel the next leg of the recovery.
Attention now turns to Wednesday's FOMC minutes, where investors will be looking for greater clarity on policymakers' views regarding inflation, labor market conditions, and the outlook for interest rates. Although Chair Warsh has reiterated the Fed's commitment to restoring price stability, last week's disappointing payrolls report has raised questions about the resilience of the labor market. As a result, markets have modestly pared expectations for further policy tightening, tempering the dollar's recent advance and lending support to gold prices. Fed Fund Futures now imply roughly a 68% probability of a 25-basis-point rate hike in October. Stay nimble into the release and watch the weekly close here for guidance. Review my latest Gold Weekly Technical Forecast for a closer look at the longer-term XAU/USD trade levels.
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Active Short-term Technical Charts Canadian Dollar Short-term Outlook: USD/CAD Coils Below Resistance—Breakout Looms Australian Dollar Outlook: AUD/USD Holds Major Support—Reversal Risk Builds Swiss Franc Short-term Outlook: USD/CHF Overbought Rally Tests Major Resistance Japanese Yen Short-term Outlook: USD/JPY Breakout Stalls at 2024 High as Intervention Risk Builds US Dollar Short-term Outlook: USD Breakout Targets Next Major Resistance British Pound Short-term Outlook: GBP/USD Rebound Challenges Bear Trend Euro Short-term Outlook: EUR/USD Rebound Faces Fed- Breakout Looms --- Written by Michael Boutros, Senior Technical Strategist
Technical Moving Averages and Death Cross Risk The 200-day EMA is at the $4,344 level and dropping, with the 50-day EMA above it also dropping, perhaps kicking off the so-called death cross. We’ll have to wait and see, but the one thing looking at this chart tells you is that there’s a very high potential that the area could be a resistance based on historical price action and, of course, those moving averages. All things considered, I still believe there is a lot of overhead pressure, especially if the interest rates in America continue to be elevated and the US dollar continues to take off. If that ends up being the case, then signs of exhaustion are potential selling opportunities.
You have to keep in mind that there are a lot of concerns out there right now, and that does tend to help gold longer-term. But right now, we’re just trying to determine whether or not we can even keep the uptrend going. We would need to clear the 200-day EMA to the upside for technical purists to get excited. After that massive run that we had seen, a drop to the $3,500 level, despite the fact that it would be somewhat scary, truthfully, looks pretty normal. So I’m still a bit suspicious about the short-term trend. Longer-term, I do think we go higher, but I think we’ve got a lot of noisy times ahead of us, though.
Gold (XAU/USD) stalls its recovery and trades on the back foot for a second consecutive day as a steady US Dollar (USD) and doubts over the Federal Reserve's (Fed) interest rate path keep the upside in check.
At the time of writing, XAU/USD is trading around $4,130 during the European trading session on Tuesday.
While the weaker-than-expected June US Nonfarm Payrolls (NFP) report eased near-term Fed rate hike fears and triggered a relief rally in the non-yielding metal from below the $4,000 mark last week, it did little to change the broader hawkish Fed narrative.
Fed Governor Christopher Waller said on Monday that the central bank remains committed to its 2% inflation target, calling it "a credible pledge."
According to the CME FedWatch Tool, traders are pricing in a 75% probability that the US central bank will leave borrowing costs unchanged at this month's meeting. Meanwhile, the odds of a September rate hike stand at 58%, down from 68% a week ago.
Hawkish Fed expectations, elevated US Treasury yields and lingering uncertainty over a broader US-Iran peace agreement continue to support the US Dollar (USD), limiting Gold's upside. The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, is trading around 100.95.
Iran's Islamic Revolutionary Guard Corps (IRGC) reportedly attacked a commercial vessel near the Strait of Hormuz on Monday. Meanwhile, Iranian Foreign Minister Abbas Araghchi said negotiations on a final agreement would not begin while threats persist, after US President Donald Trump warned that Washington would either reach a deal with Tehran or "finish the job."
Traders now turn their attention to the Federal Open Market Committee (FOMC) meeting minutes, due on Wednesday, for fresh clues on the monetary policy path in the coming months, which could influence Gold prices.
Meanwhile, the latest CFTC Commitments of Traders (COT) report showed speculative traders increased their bullish bets on Gold in the week ended June 30, with non-commercial net long positions rising to 194K contracts from 181.3K a week earlier.
On the daily chart, XAU/USD maintains a bearish bias as it holds below both the 200-day Simple Moving Average (SMA) at $4,489 and the 100-day SMA at $4,619.
Momentum is subdued, with the Relative Strength Index (RSI) hovering near 44, while the Average Directional Index (ADX) around 38 hints at a still-established but not explosive downtrend.
On the topside, initial resistance is seen at $4,200, ahead of the 200-day SMA at $4,489, with the longer-term bearish threshold reinforced by the 100-day SMA at $4,619.
On the downside, the first meaningful support aligns with the horizontal level at $3,950, where a break would likely extend the current corrective phase toward lower psychological floors.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
According to data from the People's Bank of China (PBoC), world’s second-largest economy China increases its Gold reserves again.
In June, China Gold reserves at the end of June 2026 were recorded at 75.44 million troy ounce, 0.48 million higher from a month earlier.
In value terms, country's Gold reserves amounted to $303.72 billion at the end of June, down from $340.75 billion in May.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
The Fed’s rate hike expectations limit gold’s rally potential. Capital inflows into ETFs and central bank purchases are supporting the gold price. The US dollar failed to capitalise on the escalation of the conflict in the Middle East. Reports of a tanker incident in the Strait of Hormuz are putting US-Iran negotiations at risk. Nevertheless, Brent crude rose only slightly, while the resumption of the S&P 500 rally and the associated improvement in global risk appetite are undermining the greenback’s position.
The futures market is pricing in a 3-in-4 chance of a Fed rate hike in 2026. This is allowing speculators to build up net long positions in the US dollar to their highest levels since 2015, leaving the US currency’s positions vulnerable. No sooner had Kevin Warsh adopted less hawkish rhetoric in Sintra than the markets had anticipated, and the employment figures disappointed, than the EURUSD soared sharply.
Lower chances of a Fed rate hike have allowed gold to find its footing. However, the Sword of Damocles (a potential federal funds rate hike due to persistent inflation) continues to hang over the precious metal. As the risks of an energy shock have receded, the inflationary nature of massive investments in artificial intelligence and weather-related supply chain disruptions remains a reality.
Fears that the Federal Reserve will tighten monetary policy are unlikely to allow gold to return to its record highs in 2026. However, HSBC remains optimistic, expecting that medium-term demand for gold as a means of diversifying investment portfolios, capital inflows into ETFs and increased purchases of bullion by central banks will allow the precious metal to rise.
Indeed, according to the World Gold Council, central banks increased their reserves by 41 tonnes in May, stepping up their bullion purchases. Poland and China were the most active. Since the start of the year, Poland has bought 64 tonnes, Uzbekistan 33 tonnes, China 25 tonnes and Kazakhstan 20 tonnes.
HSBC believes that, in the short term, gold will come under pressure due to the strong US dollar and high yields on US Treasury bonds. In reality, its fate depends on the futures market’s reassessment of the trajectory of the federal funds rate. In this regard, clues from the minutes of the June FOMC meeting are certain to influence gold.
The FxPro Analyst Team
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.
INITIAL DRILL PROGRAM DESIGNED TO EXPAND HISTORICAL SILVER RESOURCE, EVALUATE GOLD POTENTIAL AND TEST PRIORITY GOLD-ANTIMONY TARGETS
, /PRNewswire/ - A2Gold Corp. ("A2Gold" or the "Company") (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to announce that drilling has commenced at its Taylor Silver-Gold Project ("Taylor" or the "Project") located in White Pine County, Nevada.
MAP 1 (above): Taylor District Claim Map and Mineralization Zones (CNW Group/A2 Gold Corp)
MAP 2 (above): Planned Drill Hole Targets at Taylor (CNW Group/A2 Gold Corp) The commencement of drilling at Taylor represents an important milestone for A2Gold following the Company's recently completed acquisition of the Project and the consolidation of key internal claims within the district. Taylor is now held as a unified district-scale land package under a single operator (see Map 1), providing A2Gold with enhanced flexibility to systematically explore and advance the Project.
The initial Taylor drill program consisting of 16-18 Reverse Circulation ("RC") holes for a total of 5,000 metres (see Map 2) is designed to advance three principal objectives:
Expand the Existing Historical Silver Resource
Drilling will focus on areas within and adjacent to the existing historical silver resource footprint, with the objective of confirming and expanding known silver mineralization along strike and at depth. The Company intends to use results from this program to support the preparation of an updated NI 43-101 mineral resource estimate. Evaluate Near-Surface Gold Mineralization
Taylor hosts significant oxide gold exploration potential across a large district-scale corridor. Prior exploration has identified a 3 km by 10 km anomalous gold corridor, with surface sampling and historical drilling indicating potential for near-surface oxide gold mineralization. Gold was not included in the historical 2018 silver resource estimate, and A2Gold believes there is an important opportunity to evaluate the potential contribution of gold mineralization to the broader Taylor system. Test Priority Gold-Antimony and CRD Targets
The program will also begin testing priority gold-antimony targets identified through historical work, surface sampling, geological mapping and modern geophysical surveys. These targets are considered important to evaluating Taylor's potential as a precious metals project with meaningful critical mineral upside. The broader district also includes carbonate replacement deposit ("CRD"), skarn and porphyry exploration concepts that remain largely untested by modern drilling. Peter Gianulis, CEO of A2Gold, commented: "The start of drilling at Taylor is an important moment for A2Gold. In a short period of time, we have acquired the Taylor Project, consolidated the district under one operator, and now moved directly into drilling. Taylor gives us a second district-scale Nevada project with an existing historical silver resource, meaningful gold potential, and an emerging antimony opportunity at a time when critical minerals are becoming increasingly important in the United States. We believe Taylor has the potential to become an important Nevada silver-gold project with multiple avenues for discovery and resource growth."
Qualified Person
John Marma, CPG, a Certified Professional Geologist with the American Institute of Professional Geologists and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this news release.
About A2Gold Corp
A2Gold Corp. has built a multi-asset gold-silver exploration platform in Nevada, one of the world's premier mining jurisdictions. The Company controls approximately 230 km² of prospective mineral tenure across its Eastside and Taylor projects, both district-scale assets with large precious metals resources with significant exploration and resource growth potential.
Eastside hosts an inferred mineral resource of 1.4 million ounces of gold and 8.8 million ounces of silver*, while Taylor adds a highly prospective exploration district with gold, silver, antimony and porphyry-skarn upside. Backed by a fully funded exploration program and a strong pipeline of catalysts, A2Gold is focused on unlocking value through resource expansion, new discoveries and systematic district-scale exploration.
A2Gold is also supported by a strong shareholder base, including Kinross Gold Corporation, which owns approximately 9.9% of the Company's issued and outstanding shares.
* Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report, Esmeralda County, Nevada," prepared by Mine Development Associates of Reno, Nevada, with an effective date of July 30, 2021. Pit-constrained Inferred Resources, using a cut-off grade of 0.15 g/t Au, total 61,730,000 tonnes grading 0.55 g/t Au and 4.4 g/t Ag at the Original Pit Zone, representing 1,090,000 ounces of gold and 8,700,000 ounces of silver, and 19,986,000 tonnes grading 0.49 g/t Au at the Castle Area, representing 314,000 ounces of gold, using a gold price of US$1,725/ounce. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.
On Behalf of the Board
Peter Gianulis, CEO
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Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which are referred to collectively as "forward-looking statements." The United States Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements.
Forward-looking statements in this news release include, but are not limited to, statements regarding A2Gold's exploration plans for the Taylor Project, the scope, timing and objectives of the drill program at Taylor, the potential expansion of the historical silver resource, the preparation of an updated NI 43-101 mineral resource estimate, the evaluation of gold mineralization, the testing of gold-antimony, CRD, skarn and porphyry targets, the potential contribution of gold and antimony mineralization to the broader Taylor system, the potential for Taylor to emerge as an important Nevada silver-gold project with critical mineral upside, and A2Gold's future exploration and development plans.
Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek," "expect," "anticipate," "budget," "plan," "estimate," "continue," "forecast," "intend," "believe," "predict," "potential," "target," "may," "could," "would," "might," "will" and similar words or phrases, including negative variations, suggesting future outcomes or statements regarding an outlook.
Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release.
Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled "Risk Factors" in A2Gold's Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR+ under A2Gold's profile. Actual results and future events could differ materially from those anticipated in such statements. A2Gold undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
, /PRNewswire/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") provided an update today on the initial drill results from its 2026 surface in-fill diamond drilling program on the Las Brisas Target at its Zancudo Project in Colombia. The results announced today have been received from the final assays for the first four drill holes totaling approximately 660 meters carried out from the first purpose-built surface drill platform.
Highlights
Attachment 1 – Map showing the location of the drill holes for the Las Brisas 2026 drilling campaign (CNW Group/Denarius Metals Corp.)
Attachment 2 – 3-D Structural sketch of the Las Brisas Target (CNW Group/Denarius Metals Corp.)
Attachment 3 – Long-section showing the ore-shoots on the Manto Antiguo structure (CNW Group/Denarius Metals Corp.)
Attachment 4 – Long-section showing the ore-shoots on the Santa Catalina structure (CNW Group/Denarius Metals Corp.) Multiple high gold and silver grade intercepts were intersected in the first in-fill drill holes completed on the Las Brisas Target, providing further confirmation of the high-grade nature of the mineralization previously modelled on the Manto Antiguo and Santa Catalina structures.
7.43 g/t Au and 15 g/t Ag over 1.20 m from 93.8-95.0 m, hole ZM-195, Santa Catalina, including 28.70 g/t Au and 38 g/t Ag over 0.30 m from 94.3-94.6 m.
8.36 g/t Au and 1,670 g/t Ag over 1.0 m from 160.3-161.3 m, hole ZM-197, Manto Antiguo, including 27.83 g/t Au and 5,564 g/t Ag over 0.30 m from 160.60-160.90 m. Serafino Iacono, Executive Chairman of Denarius Metals, commented, "This early progress at the Las Brisas Target reinforces our confidence in the continuity and quality of the known ore deposits at Zancudo. The 2026 in-fill drilling program has been designed taking into account the successful results achieved in our 2024 in-fill drilling campaign and underscores the potential and prospectivity of delineating new zones and expanding existing ones near planned mining infrastructures. We look forward to providing further updates through the course of this year's drilling campaign".
Las Brisas Target – Details of the Drilling Results
The Las Brisas Target represents an unexploited block within the Manto Antiguo structure preserved by past mining. The in-fill drilling program for the Las Brisas Target has been designed at 50x50 meters drill centers from eight platforms (IF-5 to IF-12) aimed at better delineating and confirming the consistency of mineralization on the two ore-shoots outlined by previous drilling on the Manto Antiguo and Santa Catalina structures, of which the Manto Antiguo ore shoot is controlled by the intersection of the Manto Antiguo and Santa Catalina structures and which usually shows wider and higher-grade intercepts. The drilling program on the Las Brisas Target commenced in late April 2026 with one drill rig operating from purpose-built surface drill platforms and comprises a total of approximately 6,000 meters of drilling to be carried out in 29 diamond drill holes. The results announced herein have been received from the final assays for the first four drill holes totaling approximately 660 meters carried out from the first purpose-built surface drill platform (IF-7). The initial drilling was successful in confirming the high-grade gold and silver mineralization in the ore-shoots outlined by previous drilling on the Manto Antiguo structure. All the drill holes completed to date on Manto Antiguo, totaling approximately 560 meters, have intercepted the structure at the estimated depth with maximum intersection grades of 27.83 g/t Au and 5,564 g/t Ag over 0.30 m from 160.60-160.90 m (ZM-197). Initial drilling was also successful in confirming the high-grade gold and silver mineralization in the ore-shoot outlined by previous drilling on the Santa Catalina structure. All the drill holes completed to date on Santa Catalina, totaling approximately 660 meters, have intercepted the structure at the estimated depth with maximum intersection grades of 28.70 g/t Au and 38 g/t Ag over 0.30 m from 94.30-94.60 m (ZM-195). The following table lists the key sub-intervals from the ongoing Las Brisas in-fill drilling program with grades greater than 4 g/t AuEq cut-off ("Cut-off") associated with main intervals that, in some cases, might not meet the Cut-off:
Year
Target
Hole ID
Structure
From (m)
To (m)
Length (m)
Au (g/t)
Ag (g/t)
AuEq (g/t)
2026
Las Brisas
ZM-195
Santa Catalina
93.8
95.0
1.2
7.43
15
7.58
Including
94.3
94.6
0.3
28.70
38
29.18
Manto Antiguo
148.3
149.1
0.8
3.57
98
4.80
Including
148.7
149.1
0.5
5.33
98
6.56
ZM-197
Manto Antiguo
160.3
161.3
1.0
8.36
1,670
29.24
Including
160.6
160.9
0.3
27.83
5,564
97.38
Unknown
167.4
168.2
0.8
2.93
10
3.10
Including
167.9
168.2
0.3
7.81
26
8.10
ZM-199
Santa Catalina
136.0
137.0
1.0
3.08
9
3.20
Including
136.6
137.0
0.4
6.32
24
6.32
Manto Antiguo
161.1
162.1
1.0
1.86
2
1.86
Including
161.4
161.8
0.4
4.61
5
4.61
Notes:
(1)
The intervals are core lengths. The true widths are estimated to be 80% to 90% of the lengths.
(2)
Equivalent gold grades (AuEq g/t) were calculated using prices of US$3,200/oz gold and US$40.00/oz silver. Gold equivalent formula: AuEq = Au + (Ag / (Au Price/Ag Price)).
(3)
"Unknown": new structure that doesn't correlate with any of the known structures/veins.
(4)
Drillhole MT-196 did not have any results above Cut-off for inclusion in the table.
(5)
Drillhole MT-198 was aborted at shallow surface due to excessive deviation.
Please refer also to the attached illustrative images 1 to 4 showing the location of the drill holes reported herein from the 2026 drilling campaign along with a sketch of the main structures for the Las Brisas Target and long sections showing intercept locations for the Manto Antiguo and Santa Catalina veins.
Manto Antiguo and Santa Catalina Structures
The Manto Antiguo structure, which was the main structure mined historically, is interpreted as a WNW-ESE trending brecciated manto structure that merges into the footwall of the Santa Catalina structure. The northerly-trending Santa Catalina structure, which dips steeply to the east near surface and gently at depth, is interpreted as a mineralized master fault structure and feeder of the mineralization for the entire vein system. The Manto Antiguo structure, which is usually narrow, shows a typical breccia texture with incipient quartz-sulphide banding and milled wall rock clasts. The mineralization consists of pyrite, arsenopyrite, sphalerite and galena. Fragments of argillic-altered schist are observed, which host pyrite veinlets.
2026 Drilling Program
The 2026 drill program comprises a planned total of 15,000 meters on several target areas within the Zancudo Project, including Las Brisas, El Castano, Independencia Mine and brownfield. The 2026 drill program has been designed to deliver important data for further resource modelling, mine planning and optimization of production stope design to guide our mine development programs as Denarius Metals ramps up mining activities at Zancudo in 2026 and 2027 to feed the Project's new 1,000 tonnes per day flotation processing plant that is currently under construction and expected to be operating later this year.
Qualified Person
The resource evaluation work was completed by Mr. Scott E. Wilson, CPG, President of Resource Development Associates ("RDA"). Mr. Wilson is an independent consulting geologist specializing in Mineral Reserve and Resource calculation reporting, mining project analysis and due diligence evaluations. Mr. Wilson conducted a personal inspection of the Zancudo Project on June 2-3, 2026. Mr. Wilson has over 36 years of experience in the mining industry and is a Registered Member (#4025107RM) of Society for Mining, Metallurgy and Exploration, Inc. Mr. Wilson and RDA are independent of the Company under NI 43-101.
Mr. Wilson has reviewed, verified and approved the technical information summarized in this news release, including the sampling, preparation, security and analytical procedures underlying such information, and is not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence in the information discussed herein.
Quality Assurance and Quality Control
All the core samples were prepared and assayed for Au by Actlabs Laboratories Ltd (ISO 9001:2015) at their laboratory in Zona Franca Rionegro, Antioquia, Colombia, by 50 g fire assay with atomic absorption spectrophotometer ("AAS") finish. Subsequently, the pulps were shipped to their laboratory in Ancaster, Ontario, Canada (ISO/IEC 17025) for multi-element analysis by Agua Regia-ICP-OES. Samples above the upper detection limit of 5.0 g/t gold were re-assayed by 30 g fire assay with gravimetric finish, while silver and base metals were analyzed in a multi element analysis by partial digestion and ICP-OES finish. Blank, standard and duplicate samples were routinely inserted and monitored for quality assurance and quality control.
About Denarius Metals
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".
In Colombia, Denarius Metals is producing gold and silver in an "early production" phase at its 100%-owned Zancudo Project while it completes construction of a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates by the third quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is located in the Cauca Belt, about 30 km southwest of Medellin.
In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21.8% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.
Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including exploration programs, expected exploration results and mineral resource estimates. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2026 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Gold.com (GOLD - Free Report) .
Gold.com currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.00 indicates Strong Buy.
Of the six recommendations that derive the current ABR, six are Strong Buy, representing 100% of all recommendations.
Brokerage Recommendation Trends for GOLD
Check price target & stock forecast for Gold.com here>>>
The ABR suggests buying Gold.com, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in GOLD?Looking at the earnings estimate revisions for Gold.com, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $5.31.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Gold.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Goldcom.
MATACHEWAN, ONTARIO ELDORADO GOLD (QUÉBEC) INC. OPTION NEW HIGH-GRADE GOLD ZONE DISCOVERY MULTIPLE GOLD INTERCEPTS REPORTED ON PROPERTY Val-D'Or, Québec--(Newsfile Corp. - June 29, 2026) - Val-D'Or Mining Corporation (TSXV: VZZ) (OTCQB: VDOMF) ("the Company") is pleased to announce results from the 2025 diamond drilling program conducted over the Baden Prospect.
TSXV: ITR; NYSE American: ITRG www.integraresources.com VANCOUVER, BC, June 25, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce the results of its updated Technical Report Feasibility Study and Life-of-Mine Plan (the "Technical Report") for the producing Florida Canyon Mine ("Florida Canyon" or the "Project"), located in Nevada. Less than two years after acquiring Florida Canyon for $68 million ("M")1, Integra has transformed the operation into a larger, longer-life asset with a 74% increase in Proven and Probable Mineral Reserves, a 17% increase in annual gold production and active mining extended through 2033.
VANCOUVER, BC, June 25, 2026 /PRNewswire/ - GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) (the "Company" or "GoldMining") is pleased to provide the following message from the President and CEO of GoldMining to update shareholders on the Company's recent progress in advancing and unlocking value from its portfolio of assets, while enhancing its balance sheet that includes cash and publicly traded securities. Key First-Half 2026 Highlights: Balance Sheet Strength: The Company has no debt and holds approximately US$185 million1 in cash and publicly traded securities, the balance of which almost equates to the entire market capitalization of GoldMining.
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (FSE: X9R) ("RUA GOLD" or the "Company") is pleased to announce appointment of Tristan Kingcott as an independent director of the Company.
Mr. Kingcott has been nominated by Siren Gold Limited as its board nominee and brings more than 15 years of experience in financial and commercial analysis across Canada and New Zealand. He is Managing Director & Portfolio Manager, Zeta Resources within ICM Limited and has extensive experience working with both private and public company boards in Canada, Bermuda, Australia, and the United Kingdom.
Mr. Kingcott holds a Bachelor of Commerce degree in Finance from the University of Alberta and is a CFA Charterholder and a member of the CFA Society in Vancouver.
Oliver Lennox-King, Chair of RUA GOLD, commented, "I am pleased to welcome Tristan to the RUA GOLD Board as an independent director. The ICM group has been a long-standing supporter of the RUA GOLD story and recognizes the significant long-term value potential of our assets and strategy. Tristan's financial expertise, governance experience, and international perspective will be valuable additions to the Board as we continue to advance our growth objectives."
The Company also announces that Brian Rodan has resigned from the Board of Directors. The Company would like to thank Mr. Rodan for all his contributions to both the Company and the Reefton Goldfield and the years of dedicated service as an independent director during his tenure.
About RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of RUA GOLD's two highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t(1).
The Company's Glamorgan Project solidifies RUA GOLD's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver(2). Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining project, Wharekirauponga.
For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding, without limitation: the anticipated contributions of Tristan Kingcott as a director and the advancement of the Company's business. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war and the war in the Middle East; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.
Forward-looking statements are based on the assumptions, beliefs, estimates and opinions of the Company's management on the date the statements are made, which include but are not limited to: to the accuracy of the Company's current mineral resource estimates; that there will be no material adverse change affecting the Company or its properties; the duration and effect of global and local inflation; geo-political uncertainties on the Company's workforce, business, operations and financial condition; the expected trends in mineral prices, inflation and currency exchange rates; that all required approvals and permits will be obtained for the Company's business and operations on acceptable terms including for underground mining at Auld Creek; that there will be no significant disruptions affecting the Company's operations and such other assumptions herein. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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Technical Report on the Reefton Project, New Zealand, with an effective date of February 27, 2026 available under the Company's SEDAR+ profile at www.sedarplus.ca.
Christie, A., Simpson, M., Barker, R., and Braithwaite, R. 2019. Exploration for epithermal Au-Ag deposits in New Zealand: history and strategy. New Zealand Journal of Geology and Geophysics, 62:1, 414-441. NI 43-101 Technical Report, Waihi District Pre-feasibility Study, New Zealand. OceanaGold Corporation, Report Date: December 11, 2024.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302798
Source: Rua Gold Inc.
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, /PRNewswire/ - Falcon Gold Corp. (TSX Venture: FG) (FSE: 3FA) (OTC Pink: FGLDF) ("Falcon" or the "Company") is pleased to announce that it has entered into an Option Agreement to acquire a 100% interest in the West Hammond Contact Property (the "Property"), consisting of 156 mining claims (140 single-cell claims and 16 boundary claims) covering 3,067.918 hectares, located within the prospective Atikokan-Hammond Reef Gold District of northwestern Ontario.
Figure 1. Location of Falcon Gold’s West Hammond Contact Property relative to the Hammond Reef Gold Deposit within the Atikokan – Hammond Reef Gold District, Northwestern Ontario, Canada. (CNW Group/Falcon Gold Corp.) "This acquisition represents another important milestone in Falcon's strategy of building a district-scale gold exploration portfolio in northwestern Ontario. Through our Central Canada Gold Project and the newly acquired 3,067.918-hectare West Hammond Contact Property, Falcon now controls a significant strategic land position across multiple structural corridors associated with the broader Atikokan-Hammond Reef Gold District. As major mining companies and governments continue investing in the region, we believe Falcon is well positioned to unlock value through systematic exploration, strategic land consolidation, and new discoveries," stated Karim Rayani, Chief Executive Officer and Director.
Covering 3,067.918 hectares, the West Hammond Contact Property significantly expands Falcon's strategic land position within one of northwestern Ontario's most prospective emerging gold districts and complements the Company's flagship Central Canada Gold Project.
Strategically located within the Atikokan-Hammond Reef Gold District, the Property covers a significant portion of the prospective Finlayson Greenstone Belt and associated regional structural corridors. According to Agnico Eagle's public disclosure, the Hammond Reef Gold Deposit hosts approximately 3.3 million ounces of probable gold reserves and an additional 2.3 million ounces of measured and indicated gold resources.
Management believes the significance of the Hammond Reef Gold Deposit highlights the prospectivity of the broader district. The West Hammond Contact Property occupies a favourable geological setting within the same regional gold-bearing environment and covers interpreted extensions of key structural corridors, including portions of the Marmion Shear Zone. While no assurance can be given that mineralization similar to Hammond Reef exists on the Property, management believes these geological characteristics support the potential for the discovery of additional gold-bearing systems within the district.
Historical exploration has identified numerous gold occurrences, geochemical anomalies and favourable lithological contacts across the Property. The Company has also identified several priority target areas for follow-up exploration, including geophysical targets recommended for future induced polarization (IP) surveys.
As outlined in Falcon's Corporate and Exploration Update, the Company has refined its strategic focus toward northwestern Ontario and district-scale gold opportunities. The acquisition of the West Hammond Contact Property is consistent with this strategy and further strengthens Falcon's position within the district.
Recent investments by major mining companies and government stakeholders throughout northwestern Ontario continue to highlight the region's long-term potential. Falcon believes these developments support its strategy of assembling a district-scale land position within the Atikokan-Hammond Reef Gold District. By strategically consolidating highly prospective ground along key regional structural corridors, the Company aims to enhance exploration opportunities while creating long-term shareholder value through disciplined exploration and new discoveries.
Planned Exploration
Upon acceptance of the Option Agreement by the TSX Venture Exchange, Falcon intends to commence prospecting, geological mapping, rock and soil sampling, and the advancement of priority targets identified through historical exploration and recent geological interpretation.
The Company believes the West Hammond Contact Property represents a compelling exploration opportunity within the Atikokan-Hammond Reef Gold District and intends to systematically evaluate the Property through an initial exploration program.
Option Agreement Terms
Under the terms of the Option Agreement, Falcon may acquire a 100% interest in the West Hammond Contact Property by making aggregate cash payments of C$135,000, issuing an aggregate of 1,000,000 common shares, and incurring C$600,000 in exploration expenditures on the Property over the four-year option period, subject to acceptance by the TSX Venture Exchange.
Timing
Cash Payment
Common Shares
Upon TSX Venture Exchange acceptance
C$10,000
250,000
First Anniversary
C$25,000
250,000
Second Anniversary
C$25,000
250,000
Third Anniversary
C$25,000
250,000
Fourth Anniversary
C$50,000 -
Total
C$135,000
1,000,000
In addition to the cash and share consideration, Falcon shall incur a minimum of C$600,000 in exploration expenditures on the Property during the four-year option period.
Upon Falcon earning a 100% interest in the Property, the Vendor will retain a 2.0% Net Smelter Return ("NSR") royalty.
Following the exercise of the Option, Falcon shall make an advance royalty payment of C$5,000 to the Vendor on each anniversary. Such advance royalty payments shall be credited against future royalty payments payable under the 2.0% NSR royalty.
Falcon shall have the right, at any time, to purchase 50% of the NSR royalty (being a 1.0% NSR) for C$1,000,000, pursuant to the terms of the Option Agreement.
All cash payments, share issuances, exploration expenditure commitments and royalty provisions are subject to the terms of the Option Agreement and the acceptance of the TSX Venture Exchange, where applicable.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Mike Kilbourne, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Kilbourne is an independent consulting geologist and is at arms length to the Company.
The Company cautions that mineralization, reserves, and resources hosted on adjacent, nearby, or geologically similar properties, including Agnico Eagle's Hammond Reef Gold Deposit, are not necessarily indicative of mineralization that may be present on the West Hammond Contact Property. References to nearby deposits are provided for regional geological context only.
Falcon Gold Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and advancement of precious and battery metals opportunities across the Americas, with a portfolio spanning established mining camps and emerging exploration districts. Its flagship asset, the Central Canada Gold Project, is located approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef Gold Deposit in northwestern Ontario. The project lies within the highly prospective Quetico Fault Zone, a major regional structural corridor interpreted as a key control on gold mineralization in the district. The Hammond Reef deposit is associated with a northeast-trending structural system linked to this broader regional framework, highlighting the significance of the geological setting. The Central Canada property has a documented exploration and development history spanning more than a century. Early work between 1901 and 1907 included shallow shaft development and small-scale production from high-grade material processed through stamp milling. Between 1930 and 1935, Central Canada Mines Ltd. further advanced the project with deeper underground development, crosscutting, and the installation of a small-scale gold mill. Subsequent exploration programs have included diamond drilling campaigns that returned multiple high-grade gold intercepts, supporting the presence of significant mineralization within the system. Beyond its flagship project, Falcon Gold maintains a diversified portfolio of Canadian exploration assets. This includes a 49% interest in the Burton Gold Property in partnership with IAMGOLD near Sudbury, Ontario, exploration-stage gold targets in British Columbia through the Spitfire and Sunny Boy claims, and the Great Burnt Copper-Gold Project in central Newfoundland.
Cautionary Language and Forward-Looking Statements
This news release may contain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws, including but not limited to statements relating to the timing and content of future work programs, including planned drilling programs, geological interpretations, receipt of property titles, and other corporate and technical matters. Forward-looking statements are based on assumptions, expectations, estimates, and projections as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied herein. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "intend," "expect," "plan," "anticipate," "believe," "estimate," "project," "potential," or "continue," or the negative of these terms, or other comparable terminology. Forward-looking statements in this news release may include, but are not limited to, statements regarding planned drilling activities on the Central Canada Gold Project, which is currently permitted for up to 20 drill holes, and the interpretation and potential extension of mineralization along structural trends within the project area. There can be no assurance that the Company's exploration programs will proceed as currently contemplated or that they will achieve their intended objectives. Forward-looking statements are inherently subject to significant business, economic, competitive, and geological uncertainties and contingencies. Actual results may differ materially from those currently anticipated. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that plans, assumptions, or expectations will prove to be accurate.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
, /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce final results and evaluation of the tight-spaced Grade Control ("GC") drilling program.
Highlights and analysis from the Grade Control ("GC") drilling test area1:
Grade Control program tested ~1.0M tonnes of the probable mineral reserves from the 2026 Pre-Feasibility Study (the "PFS")2, about 25% of Phase 1 Reserve model validated in test area At a 0.8 g/t Au cut-off grade, the Grade Control model returned the similar grade as the reserve model, with approximately 2% more contained metal 28% more tonnes at 7% higher grade for material above 3.0 g/t Au De-risking of early years' high-grade feed and cash flow profile Improved confidence in early cash flows will facilitate project financing discussions with counter parties Potential to bring forward higher-grade production Mayfair Gold reports positive results from the analysis of the grade control ("GC") program completed in late 2025 at the Fenn-Gib Project, confirming approximately 1 million tonnes of ore-grade material that was categorized as probable reserves in the PFS, or roughly 25% of the Phase 1 planned design. The program was designed to validate the distribution and continuity of mineralization and refine planning assumptions related to ore shapes, dilution and ore loss. Previous, interim results were released in the News Release dated February 11, 2026.
Drew Anwyll, P.Eng Mayfair's CEO said, "The grade control drilling program has reinforced our confidence and further de-risked the Fenn‑Gib deposit. The results confirm that the Mineral Reserve Estimate is an accurate representation of the orebody, demonstrating strong predictability between the model and what we are seeing in the field. Importantly, the program gives us confidence that the high‑grade material scheduled for the early years of the mine plan is present and can be delivered as modeled. Grade control drilling has also identified the potential strengthening of the early production profile by utilizing more tonnes of a higher-grade material."
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1 Please note: The results, analysis and conclusions from the Grade Control program are specific to the area tested. Readers should not infer that these results are representative of, or applicable to, the remainder of the Mineral Reserve or Mineral Resource Estimate.
2 Please refer to the technical report entitled "Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study" dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.
The program included 56 diamond drill holes to a nominal depth of 75 metres, designed to simulate the outcomes of a reverse circulation or blast-hole GC program. Gold grades were estimated in a block model and mineable ore shapes were developed to assess the tonnage and grade of material that could be classified for production.
Results from the program confirmed the mineral reserve model and metal content in the area tested while providing valuable information of contacts between high- and low-grade material. For material above a 0.80 g/t gold cut-off grade ("COG"), the GC model returned similar grade and 2% more tonnes than predicted by the probable reserve model. For the higher-grade portion, above a 3.0 g/t Au COG, the GC model identified 28% more tonnes at 7% higher grade, representing 37% more gold than the probable reserve model for the GC drilling test area.
The findings support the accuracy of the mineral reserve block model in the Stage 1 starter pit area tested and validate the higher-grade component of the mineral reserve for mine planning. The results also suggest there may be opportunities to process higher-grade ore earlier in the initial mining sequence.
The drilling campaign was completed on a 10-by-10 metre spacing across an area measuring 60 by 70 metres. All NQ-size holes were planned as nominally vertical holes to a depth of 75 metres. Overburden thickness encountered during the program ranged from 5.7 to 13.0 metres and averaged 8.7 metres. All core was logged and sampled, with one half submitted for gold assay and the other retained for reference.
Assays were completed on one-metre intervals to capture close-spaced variability and support compositing analysis. Gold assay procedures and QA/QC protocols were consistent with previous Mayfair drilling programs and are summarized in the QA/QC section. Three holes, totalling 78 metres, were abandoned because of excessive downhole deviation and were redrilled from the same locations.
A defined test area surrounding the grade control drilling was used to compare new assay data with the existing exploration database. Within that area, average gold grades were identical at a zero COG. The new grade control drilling returned a slightly higher proportion of material below 0.30 g/t Au, while material above a 0.80 g/t Au COG showed a similar tonnage distribution and a modestly higher grade.
Grade control evaluation
The program targeted approximately 1.0 million tonnes of probable mineral reserves from the PFS. To evaluate the conversion of the mineral reserve model into a production model, all GC assays were composited to 1.5 metres and estimated on five-cubic-metre blocks using an inverse distance squared methodology. Mineable ore shapes were then designed to reflect practical open-pit mining conditions. This methodology therefore addresses the conversion of a reserve to a production model by addressing the minability of economic material.
These results indicate that, in areas of similar ore characteristics, the current mineral reserve model should provide sufficient definition for mine planning without requiring significant additional dilution, ore loss assumptions or conversion factors. The Company believes the program also highlights the potential to bring forward some gold production by identifying zones of higher-grade material that may be processed earlier in the mine sequence.
Overall, the program demonstrated that tighter-spaced grade control drilling can enhance confidence in ore boundary definition while confirming the reliability of the existing mineral reserve model in the area tested. Mayfair is evaluating the potential for a second GC test area to assess whether similar results can be replicated in other ore types across the project.
Furthermore, the program highlighted areas of higher-grade material and may potentially allow for processing while deferring lower grade tonnes, thus bringing forward some gold production.
These results further indicate that, for areas with similar ore behavior as the area tested, the reservemodel is an excellent indicator of what the project can expect from production.
QA/QC
Mayfair Gold maintains a Quality Assurance/Quality Control (QA/QC) program aligned with NI 43‑101 requirements and industry best practices. NQ‑size surface drilling was carried out by Black Diamond Drilling of Matheson, Ontario, under the supervision of Mayfair Gold's exploration team. The drill program includes detailed geological logging and systematic sampling of drill core at Mayfair's secure facility in Matheson, Ontario.
Drill core selected for analysis was cut longitudinally using a diamond‑blade saw. One half of the core was retained in the core box for reference, and the other half was bagged, sealed, and prepared for shipment. Analytical work was completed by Swastika Laboratories Ltd. in Swastika, Ontario. Swastika Laboratories is independent of Mayfair Gold and accredited by the Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the ISO/IEC 17025 standards for gold analysis by fire assay with gravimetric finish and fire assay with flame atomic absorption spectroscopy (FAAS) finish.
Samples were delivered directly to Swastika Laboratories by Mayfair personnel. Samples are crushed to minimum 80% passing 1,700 μm. Samples are then split to obtain a 300–500 g sample using a rotary divider. 300–500 g samples are pulverized to minimum 85% passing 74 μm. Gold assays were completed using a 30‑gram fire assay with FAAS finish. Samples returning gold grades greater than 10 g/t were re‑assayed using a 30‑gram fire assay with gravimetric finish. As part of Mayfair's QA/QC protocol, one certified reference material (CRM), one coarse blank, and one coarse duplicate sample were inserted into the sequence of every 25 samples. Routine third‑party check assays are also performed.
All holes in the program were drilled fully vertical (-90° dip) and true thickness is not estimated.
About Mayfair Gold
Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the "PFS") is to develop the project under the provincial permitting process, targeting the higher-grade 1 million ounce probable mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit. The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow3 of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The Company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.
The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.
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3 free cash flow does not have a standardized meaning and may not be comparable to similar measures presented by other issuers, referred to as non-GAAP financial measures. As the Company is not in production, the company does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS.
Cautionary Note Regarding Forward-Looking Information
This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the expected strategy to develop the project under the provincial permitting process, de-risking of early years' high-grade feed and cash flow profile, the potential to bring forward higher-grade production, targeting the higher-grade mineral reserve, building and operating the Fenn-Gib Project and all disclosure related to the PFS, including commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws.
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2026) - Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to provide an update on exploration and development activities at its Auld Creek Gold-Antimony Project in the Reefton Goldfield, New Zealand.
The Company's exploration team continues to advance an extensive resource expansion and technical evaluation program at Auld Creek. Alongside resource growth drilling, detailed geotechnical, hydrogeological and metallurgical studies are underway to support the Company's Pre-Feasibility Study ("PFS") and planned Fast-Track Mining Application, anticipated in Q4 2026.
Highlights:
Recent drilling continues to demonstrate significant potential to expand the gold-antimony resource over a strike length exceeding 1,000 meters and depths greater than 500 meters.
The Company is on track to complete and incorporate the 19,000-meter drill program and the additional technical studies into the upcoming PFS with completion anticipated in Q4 2026.
Highlighted assay results from drilling at Auld Creek include:
ACDDH072: 2.3m @ 3.5 g/t AuEq1 (2.9 g/t Au & 0.3% Sb) from 227m ACDDH073: 2.7m @ 7.6 g/t AuEq1 (1.8 g/t Au & 2.7% Sb) from 269m ACDDH073: 0.9m @ 6.4 g/t Au from 77m (upper fault) ACDDH075: 10.1m @ 2.2 g/t AuEq1 (2.0 g/t Au & 0.1% Sb) from 331m ACDDH076: 0.6m @ 4.4 g/t Au from 317m ACDDH078: 2.9m @ 5.6 g/t Au (incl 0.9m @ 15.9 Au) from 194m The Company’s 100th drill hole at Auld Creek was collared this week with approximately 10,000 meters of the planned 19,000-meter drill program completed to date.
Geotechnical studies, including rock strength, hydrogeology, specific gravity and rock porosity studies, are advancing to support detailed PFS mine methodology.
Approximately 1,000 kilograms of resource grade mineralization has been shipped to Intertek, Australia for advanced metallurgical testing.
Scout drilling has commenced to evaluate the full 2,500-meter length of the surface gold-arsenic-antimony soil geochemical anomalies.
The Company's Fast-Track Referral Application is currently under review by the New Zealand Government, with a decision anticipated in July 2026.
More than 30 consultants and independent advisors are supporting environmental, social and economic studies for future permitting activities.
Since November 2025, the Company has conducted more than 500 engagements with local communities, stakeholders and regulatory agencies.
Robert Eckford, Chief Executive Officer of RUA GOLD, commented, "With our Fast-Track Referral Application submitted and the Preliminary Economic Assessment completed, the team has accelerated resource expansion drilling while simultaneously advancing the technical studies required for the PFS. At the halfway point of our planned drilling campaign, we are ahead of schedule and continuing to build confidence in the resource while advancing development planning. We are encouraged by the consistency of the mineralization being intersected and remain focused on delivering the PFS in the fourth quarter of 2026."
Figure 1: Auld Creek Fraternal long section
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https://images.newsfilecorp.com/files/10755/302030_1d1b82fac4f1db9f_007full.jpg
AULD CREEK EXPLORATION UPDATE
Recent drilling continues to demonstrate strong evidence to expand the gold-antimony resource over 1,000 meters in length and over 500 meters in depth. Continuous drilling will complete the planned 19,000-meter drill program by the beginning of September 2026. Details on each reported intercept are below.
ACDDH073, 075, and 076 provide strong evidence of grade continuity within the southern Fraternal zone, increasing confidence in the mineralized envelope approximately 300 meters below surface.
Notable intercepts include:
ACDDH073: 2.7m @ 7.6 g/t AuEq1 (1.8 g/t Au & 2.7% Sb) from 268mACDDH073: 0.9m @ 6.4 g/t Au (from 77m (Upper Fault))ACDDH075: 10.1m @ 2.2 g/t AuEq1 (2.0 g/t Au & 0.1% Sb) from 331mACDDH076: 0.6m @ 4.4 g/t Au from 317mHole ACDDH078 represents the first in a series of infill holes designed to evaluate the northern portion of the resource area.
ACDDH078: 2.85m @ 5.6 g/t Au (incl 0.9m @ 15.9 Au) from 193.95mThe results complement earlier intersections of increasing gold tenor that are indicating a near horizontal attitude, similar to the Bonanza lode dipping gently north.
Refer to Table 1 and Table 2 for a full description of recent drill hole data.
The active drill program is also generating critical geotechnical, hydrogeological and metallurgical data required for the PFS. These studies include rock strength testing, hydrogeological characterization, specific gravity measurements and detailed ore zone characterization, all of which are scheduled for incorporation into the PFS expected in Q4 2026.
Figure 2: Core photo gold assays ACDDH078 and ACDDH073. Location of Auld Creek drilling
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https://images.newsfilecorp.com/files/10755/302030_ruaimg2.jpg
PRE-FEASIBILITY STUDY UPDATE
Following completion of the Preliminary Economic Assessment, the Company's technical partners, Mining One and Pitch Black, commenced work on the PFS in late May 2026.
A comprehensive metallurgical testwork program is underway and is expected to inform the final process flowsheet. Mine infrastructure and surface layout designs have been refined and are being presented to local communities, stakeholders and regulatory agencies as part of ongoing consultation efforts.
Simon Delander, VP Risk, Stakeholder and Regulatory Affairs, commented, "We have welcomed delegations from central government, regional and district councils to the project area for detailed technical briefings and site visits. Maintaining open dialogue with government agencies and stakeholders is important as we advance permitting activities and continue to refine development plans for Auld Creek."
The resource model is being updated regularly as new drill results become available, supporting mine planning and scheduling activities. The Company expects the integrated PFS work program to be completed during the fourth quarter of 2026.
Technical consultants and independent advisors supporting the Fast-Track permitting process recently met in Christchurch to coordinate workstreams and align project deliverables in preparation for submission of a substantive Fast-Track permit application later this year.
REGIONAL EXPLORATION UPDATE
In May 2026, RUA GOLD mobilized a fifth drill rig to support exploration activities at the Alexander River and Big River gold targets in the southern Reefton Goldfield.
These programs form part of the Company's broader strategy of evaluating multiple high-grade gold deposits that could ultimately support a regional mining and processing hub centred on Auld Creek. Drilling is ongoing, and assay results are pending.
Figure 3: Overview of the Reefton Goldfield highlighting active drilling at Auld Creek, Big River and Alexander River
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/302030_ruaimg3.jpg
ABOUT RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully turned major discoveries into producing world-class mines in multiple continents. The team is now focused on maximizing the asset potential of RUA GOLD's two highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of permits, in a district that historically produced over 2Moz of gold grading from 9-50g/t(2).
The Company's Glamorgan Project solidifies RUA GOLD's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki District, a region that has produced an impressive 15Moz of gold and 60Moz of silver(3).
For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.
TECHNICAL INFORMATION
Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of RUA GOLD, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has verified the data disclosed, including sampling, analytical and test data underlying the information or opinions contained in the technical information herein. Mr. Henderson supervised the Company's drill program and verified the data disclosed, including sampling, analytical and QA/QC data, including reviewing the reports of SGS Laboratories, methodologies, results, and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.
QA/QC Drill Core
Core samples were sent to SGS Laboratories, Westport for sample preparation. SGS is independent of the Company. Samples were crushed and pulverized to 85% passing 75 µm. The pulverized rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject returned to RGL for pXRF analysis and storage. Pulverized rock-chip samples were analyzed for gold (Au) by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505); and for antimony (Sb) by Sodium Peroxide Fusion Analysis by ICP-MS at SGS Waihi.
RUA GOLD Contact
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to drill program at the Auld Creek target and the timing and results thereof, the timing or results of PFS, and the timing or result of an application for a mine permit. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward-looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.
Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Table 1: Location of Auld Creek reported drill holes from RUA GOLD program
Hole IDEastingNorthingrLTotal DepthSite _IDDipAzimuth (true)YearACDDH06515070745332955606.24586.4Pad 18-78622026ACDDH06615071835333523452.38267.7Pad 05-631312026ACDDH06715070875333094584309.4Pad 08-62972026ACDDH0681507321533382743284.4Pad 26-501102026ACDDH06915070745332955606.24281.5Pad 18-52722026ACDDH07015071925333293515.05168.3Pad 04-631392026ACDDH07115071185333160500224.8Pad 09-531122026ACDDH07215070875333094584255.5Pad 08-531002026ACDDH07315070875333094584285.5Pad 08-57.51132026ACDDH07415071925333293515.05208Pad 04-72.51352026ACDDH07515070745332955606.24369Pad 18-7088.52026ACDDH07615070875333094584337.1Pad 08-66.51152026ACDDH07715071185333160500225.5Pad 09-59732026ACDDH07815071925333293515.05228Pad 04-651532026Table 2: Significant drilling intercepts at Auld Creek, full mineralized zone composites.
Hole IDFromToIntervalAu (g/t)Sb (%)ACDDH065541.6542.30.70.260.01ACDDH065542.35430.70.420.01ACDDH06554354410.080.01ACDDH06554454510.690.01ACDDH065545545.80.81.10.01ACDDH065545.8546.70.91.150.01ACDDH065546.7547.350.651.090.02ACDDH065547.355480.650.310.01ACDDH065548548.70.70.50.01ACDDH066606110.320.00ACDDH0666161.40.40.490.00ACDDH06661.4620.60.20.00ACDDH066626310.20.00ACDDH066636410.10.00ACDDH0666464.60.60.110.00ACDDH06664.665.20.60.120.01ACDDH06665.2660.80.020.00ACDDH066213.7214.60.90.020.01ACDDH066214.6215.30.70.090.11ACDDH066215.3215.60.30.330.29ACDDH066215.6215.90.30.020.01ACDDH066215.9216.40.50.010.01ACDDH066216.4216.70.30.010.01ACDDH067263.3263.750.450.570.01ACDDH067263.75264.30.550.110.01ACDDH067264.3265.41.10.130.00ACDDH067265.4266.51.10.070.01ACDDH071205.3205.80.50.020.01ACDDH071205.8206.20.41.370.14ACDDH071206.2206.60.41.310.01ACDDH071206.62070.40.590.01ACDDH071207207.50.50.060.01ACDDH071207.52080.50.140.00ACDDH071208208.50.50.540.01ACDDH072227.7228.20.53.431.26ACDDH072228.2228.750.554.160.02ACDDH072228.75229.30.552.850.02ACDDH072229.32300.71.410.01ACDDH072230230.70.70.160.01ACDDH07377.1780.96.420.01ACDDH073267.95268.30.350.460.02ACDDH073268.3268.80.50.810.02ACDDH073268.8269.40.60.390.01ACDDH073269.4269.70.34.030.02ACDDH073269.7270.40.70.180.01ACDDH073270.4270.750.351.790.01ACDDH073270.75271.40.650.530.07ACDDH073271.4271.80.41.386.17ACDDH073271.8272.10.36.3516.00ACDDH074168.21690.80.780.04ACDDH07416917012.330.01ACDDH074170170.350.350.280.00ACDDH074170.351710.650.250.01ACDDH07417117210.470.03ACDDH074172172.850.850.280.01ACDDH074172.85173.80.950.790.00ACDDH074173.8174.30.51.730.01ACDDH074174.31750.70.680.02ACDDH07417517611.450.00ACDDH07417617710.970.01ACDDH07417717810.460.00ACDDH075331.5331.850.352.391.73ACDDH075331.853331.150.310.02ACDDH075333333.20.20.40.07ACDDH075333.23340.84.060.01ACDDH075334334.60.62.370.01ACDDH075334.6335.614.350.01ACDDH075335.6336.50.91.170.01ACDDH075336.5337.40.90.380.01ACDDH075337.4337.70.34.140.37ACDDH075337.73380.33.460.02ACDDH07533833910.680.03ACDDH07533934011.010.20ACDDH07534034112.020.04ACDDH075341341.60.63.560.13ACDDH076317317.30.37.140.06ACDDH076317.3317.60.31.570.03ACDDH078193.95194.250.320.70.01ACDDH078194.25194.850.613.50.01ACDDH078194.85195.750.90.970.01ACDDH078195.75196.81.050.680.01Using recent the 43-101 Reefton Technical Report, the AuEq calculation was made using a gold price of $US3,000 per ounce and an antimony price of $US25,000 per tonne. Total gravity/float recoveries of 97% for gold and 85% for antimony were used to calculate the Equivalency Factor at 2.15 for EqSb. Technical Report on the Reefton Project, New Zealand, with an effective date of February 27, 2026 available under the Company's SEDAR+ profile at www.sedarplus.ca.Christie, A., Simpson, M., Barker, R., and Braithwaite, R. 2019. Exploration for epithermal Au-Ag deposits in New Zealand: history and strategy. New Zealand Journal of Geology and Geophysics, 62:1, 414-441. NI 43-101 Technical Report, Waihi District Pre-feasibility Study, New Zealand. OceanaGold Corporation, Report Date: December 11, 2024.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302030
Source: Rua Gold Inc.
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Gold.com (GOLD - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Gold.com is a member of our Finance group, which includes 831 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Gold.com is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GOLD's full-year earnings has moved 22.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, GOLD has gained about 25.4% so far this year. Meanwhile, the Finance sector has returned an average of 3.6% on a year-to-date basis. As we can see, Gold.com is performing better than its sector in the calendar year.
Another Finance stock, which has outperformed the sector so far this year, is Andersen (ANDG - Free Report) . The stock has returned 48% year-to-date.
In Andersen's case, the consensus EPS estimate for the current year increased 215.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Gold.com belongs to the Financial - Miscellaneous Services industry, which includes 107 individual stocks and currently sits at #109 in the Zacks Industry Rank. This group has lost an average of 6.5% so far this year, so GOLD is performing better in this area. Andersen is also part of the same industry.
Gold.com and Andersen could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2026) - Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to announce the filing of a Preliminary Economic Assessment for the Auld Creek Gold Antimony Project located in the Reefton Goldfield on the West Coast of New Zealand. A copy of the Technical Report is available on www.sedarplus.ca and on the Company's website www.ruagold.com.
The scientific and technical information contained in this news release has been prepared and approved by the following independent Qualified Persons, each within the meaning of National Instrument 43 101 - Standards of Disclosure for Mineral Projects ("NI 43 101"):
Abraham Whaanga, BSc, MAusIMM (CP) of RSC has reviewed and verified the resource-related information disclosed herein. Gary Davison, FAusIMM, Principal Mining Engineer and Director of Mining One Consultants, has reviewed the mining methods, mining capital and operating costs and is responsible for Economic Analysis.Marius Phillips, NHD Ex Met, MAusIMM (CP), RPEQ and Technical Director of Pitch Black Group is responsible for information relating to plant capital and operating costs, mineral processing and metallurgical testing and recovery methods.Each Qualified Person:
has independently reviewed and verified relevant underlying data in the MRE and PEA.has consented to the disclosure of the information in this news release in the form and context in which it appears. is independent of Rua Gold Inc. within the meaning of NI 43 101. The Mineral Resource Estimate (MRE) presented in RUA's press release on 5 May 2026 was based on mineable shapes created by RSC for the February 2026 Independent Technical Report (Whaanga, 2026). This MRE is comparable to the 'RAW MSO' MRE presented in Table 14-21 of the PEA Technical Report, which was based on Mineable Stope Optimiser (MSO)-generated shapes produced by Mining One for the PEA.
The final MSO set presented in Table 14-21 of the PEA Technical Report is materially different to the MRE in the 5 May 2026 press release, with a -22-27% change in AuEq ounces. This is due to the consideration of additional geotechnical, engineering, and economic factors, including partial extraction of a crown pillar, for the purpose of meeting the criteria for reasonable prospects for eventual economic extraction (RPEEE) at the PEA level. Further details of the factors considered are provided in Section 14.10 of the Technical Report.
ABOUT RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully turned major discoveries into producing world-class mines in multiple continents. The team is now focused on maximizing the asset potential of RUA GOLD's two highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of permits, in a district that historically produced over 2Moz of gold grading from 9-50g/t(1).
The Company's Glamorgan Project solidifies RUA GOLD's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki District, a region that has produced an impressive 15Moz of gold and 60Moz of silver(2).
For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.
TECHNICAL INFORMATION
Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of RUA GOLD, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has verified the data disclosed, including sampling, analytical and test data underlying the information or opinions contained in the technical information herein. Mr. Henderson supervised the Company's drill program and verified the data disclosed, including sampling, analytical and QA/QC data, including reviewing the reports of SGS Laboratories, methodologies, results, and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to drill program at the Auld Creek target and the timing and results thereof, the timing or results of PFS, and the timing or result of an application for a mine permit. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.
Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
1. Technical Report on the Reefton Project, New Zealand, with an effective date of February 27, 2026 available under the Company's SEDAR+ profile at www.sedarplus.ca.
2. Christie, A., Simpson, M., Barker, R., and Braithwaite, R. 2019. Exploration for epithermal Au-Ag deposits in New Zealand: history and strategy. New Zealand Journal of Geology and Geophysics, 62:1, 414-441. NI 43-101 Technical Report, Waihi District Pre-feasibility Study, New Zealand. OceanaGold Corporation, Report Date: December 11, 2024.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302263
Source: Rua Gold Inc.
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, /PRNewswire/ - Gold Strategy Inc. (TSXV: GST) (the "Company") is pleased to announce the voting results from the Company's Annual General and Special Meeting of the Shareholders (the "Meeting") held on June 23, 2026. A total of 1,432,625 common shares ("Common Shares") were voted, representing the votes attached to 69.48% of all outstanding Common Shares. All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular (the "Circular"), both dated May 15, 2026, were approved by the requisite majority of votes cast at the Meeting.
Election of Directors
Each of the incumbent members of the board of directors, being Reno Calabrigo, Tyler Burpee, Herbert Markgraf and Melanie Samuels, was re-elected.
Appointment of Auditor
Davidson & Company LLP was re-appointed auditors of the Company for the ensuing year with the remuneration to be fixed by the directors.
Approval of 20% Fixed Option Plan
The Company's 20% fixed stock option plan was approved and, accordingly, the amount of common shares reserved for issuance thereunder has been increased to 412,395.
About Gold Strategy
Gold Strategy Inc. is a mineral exploration and development company focused on the acquisition, exploration and advancement of mineral properties.
GOLD STRATEGY INC.
Reno J. Calabrigo, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
UPCOMING DRILL PROGRAM TO SUPPORT UPDATED NI 43-101 RESOURCE
, /PRNewswire/ - A2Gold Corp. ("A2Gold" or the "Company") (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to announce that it has completed the acquisition of a 100% interest in the Taylor Silver-Gold Project ("Taylor" or the "Project") located in White Pine County, Nevada, from White Pine Precious Metals Inc. ("White Pine").
Map 1: Location of the Taylor Silver-Gold Project, Nevada The completion of the Taylor acquisition, subject to closing conditions of recording, share issuance and other minor issues, represents a significant milestone in A2Gold's strategy to build a leading Nevada-focused precious metals exploration and development company. Taylor adds a second district-scale project to the Company's portfolio and provides exposure to a large, highly prospective silver-gold system with meaningful antimony, carbonate replacement deposit ("CRD"), skarn and porphyry exploration potential. The Taylor Project comprises approximately 117 km² (45 mi²) of mineral claims in a Tier-1 Nevada mining jurisdiction. The Project is fully permitted and drill-ready, benefits from significant existing infrastructure, and hosts a historical silver resource together with multiple gold, silver and antimony exploration targets across a district-scale mineralized system.
A2Gold has commenced mobilization of a drill rig to Taylor and expects the rig to be on site within the next two weeks. The initial drill program is expected to focus on three principal objectives:
Drilling the Existing Historical Silver ResourceThe Company intends to drill in and around the existing historical silver resource footprint to confirm and expand known silver mineralization and to support preparation of an updated NI 43-101 mineral resource estimate. Evaluating Gold MineralizationTaylor hosts significant oxide gold exploration potential across a large district-scale corridor. Gold was not included in the historical 2018 silver resource estimate, and A2Gold believes there is an important opportunity to evaluate the potential contribution of gold mineralization to the broader Taylor system. Testing Priority Gold-Antimony TargetsThe Company also intends to test priority gold-antimony targets identified through historical work, surface sampling, geological mapping and modern geophysical surveys. These targets are considered important to evaluating Taylor's potential as a precious metals project with meaningful critical mineral upside. Together with the Company's recently completed acquisition of 26 strategically located internal lode mining claims within the Taylor District, A2Gold now controls a consolidated district-scale land package at Taylor under a single operator. This consolidation provides the Company with enhanced flexibility to systematically explore, expand and advance Taylor as a unified project.
Peter Gianulis, CEO of A2Gold, commented: "Closing the Taylor acquisition is an important step in the evolution of A2Gold. Taylor adds a second district-scale Nevada project with a historical silver resource, significant oxide gold potential and an emerging antimony opportunity at a time when critical minerals are becoming increasingly important in the United States. With the White Pine acquisition now closed, and the internal Taylor claims recently consolidated, we are in a much stronger position to advance the district as one unified project. Taylor gives A2Gold scale, optionality and multiple avenues for discovery, and complements our flagship Eastside Project as we continue building one of Nevada's most compelling precious metals exploration platforms."
Taylor Project Highlights
District-Scale Land Package
Taylor comprises approximately 117 km² (45 mi²) of mineral claims located in White Pine County, Nevada. The Project lies within an active exploration and mining region of eastern Nevada and benefits from excellent infrastructure, including water rights, electrical power and substation access, an established road network and patented claims hosting much of the historical silver resource and existing pits.
Historical Silver Resource and Expansion Potential
Taylor hosts a historical mineral resource estimate prepared by SRK Consulting in 2018 outlining approximately 11.0 million ounces of silver in the Measured and Indicated category and 0.6 million ounces of silver in the Inferred category. The estimate was calculated using a silver price assumption of US$17 per ounce and a cutoff grade of 1.6 oz/t silver.
Historical drilling indicates that silver mineralization remains open in multiple directions and has not been systematically tested using modern exploration methods. Silver price sensitivity analysis completed by SRK suggests that, using a US$30 per ounce silver price and a 0.9 oz/t cutoff, the historical Measured, Indicated and Inferred resource could represent more than 20 million ounces of silver in total.
The Company considers the historical estimate to be historical in nature and not current. A Qualified Person has not completed sufficient work to classify the historical estimate as a current mineral resource, and A2Gold is not treating the historical estimate as current.
Strong Gold Exploration Potential
In addition to the historical silver resource, Taylor hosts significant oxide gold exploration potential across a large portion of the district. Prior exploration has identified a 3 km by 10 km anomalous gold corridor, with surface sampling and historical drilling indicating the potential for near-surface oxide gold mineralization.
Historical results include channel samples returning up to 4.2 g/t gold over 11.0 meters, including 7.1 g/t gold over 3.3 meters, as well as drill intercepts including 1.02 g/t gold over 18.3 meters starting at surface and 0.68 g/t gold over 24.4 meters starting at surface, including 0.85 g/t gold over 12.2 meters.
Gold mineralization was not included in the historical 2018 silver resource estimate. The Company believes there is an important opportunity to evaluate the potential contribution of gold mineralization to the broader Taylor system as part of its upcoming exploration and resource-focused drilling programs.
Antimony and Critical Mineral Upside
Taylor also hosts significant antimony mineralization, which represents potential exposure to a critical mineral identified as strategically important by the United States government. Prior work at Taylor has identified multiple styles of antimony mineralization, including tetrahedrite-rich mineralization associated with CRD systems proximal to the Taylor resource and stibnite-stibiconite mineralization occurring distally and commonly associated with gold mineralization.
The district hosts two historical antimony-producing mines, including the Enterprise Mine and the Merrimac Mine. Historical records indicate exceptionally high-grade antimony production and mineralization at Taylor, further supporting the interpretation of a large, district-scale mineralized system with precious metals and critical mineral potential.
Robust Modern Data Sets and Drill-Ready Targets
Over the past several years, White Pine completed extensive technical work across the Taylor District, including gravity, magnetic, CSAMT, induced polarization and hyperspectral surveys. These data sets have improved the understanding of the structural architecture of the district and generated numerous high-priority exploration targets.
A2Gold intends to use this work to advance a systematic exploration program focused on expanding the historical silver resource, testing priority oxide gold targets, evaluating antimony-bearing systems and advancing CRD, skarn and porphyry concepts across the district.
Strategic Complement to Eastside
The Taylor acquisition significantly strengthens A2Gold's Nevada portfolio by adding a second large-scale project with silver, gold and critical mineral exposure. While Eastside remains the Company's flagship district-scale gold-silver project, Taylor introduces a complementary geological setting with a historical silver resource, shallow oxide gold and antimony targets and deeper CRD, skarn and porphyry exploration potential.
With Eastside and Taylor, A2Gold now controls multiple district-scale exploration opportunities in Nevada, one of the world's premier mining jurisdictions.
Transaction Summary
A2Gold completed the acquisition of a 100% interest in the Taylor Project from White Pine through the execution of an asset purchase structure which was executed on June 15, 2026 (the "Transaction"). The closing of the Transaction will include customary closing and post-closing matters.
As consideration for the acquisition, A2Gold issued 8,662,881 common shares of the Company to White Pine, and will also make deferred cash payments totaling US$1,000,000, consisting of US$250,000 at closing and US$250,000 every three months thereafter. The deferred cash payments are non-interest bearing and may be prepaid at any time without penalty.
White Pine will retain a 2.0% net smelter return royalty on claims without existing royalties. A2Gold may repurchase 1.0% of the NSR for US$2,000,000 within four years or US$3,000,000 within six years. White Pine will retain up to a 1.0% NSR on claims with existing royalties, provided the aggregate royalty burden does not exceed 3.0% NSR.
The common shares issued to White Pine are subject to voluntary escrow release provisions in addition to a statutory hold period of four months and one day from the date of issuance.
About A2Gold Corp
A2Gold Corp. has built a multi-asset gold-silver exploration platform in Nevada, one of the world's premier mining jurisdictions. The Company controls approximately 230 km² of prospective mineral tenure across its Eastside and Taylor projects, both district-scale assets with large precious metals resources with significant exploration and resource growth potential.
Eastside hosts an inferred mineral resource of 1.4 million ounces of gold and 8.8 million ounces of silver, while Taylor adds a highly prospective exploration district with gold, silver, antimony and porphyry-skarn upside. Backed by a fully funded exploration program and a strong pipeline of catalysts, A2Gold is focused on unlocking value through resource expansion, new discoveries and systematic district-scale exploration.
On Behalf of the Board
Peter Gianulis, CEO
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which are referred to collectively as "forward-looking statements". The United States Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. A2Gold Corp.'s ("A2Gold") exploration plans for its gold exploration properties, the drill program at A2Gold's Eastside project, the preparation and publication of an updated resource estimate in respect of the Original Zone at the Eastside project, A2Gold's future exploration and development plans, including anticipated costs and timing thereof; A2Gold's plans for growth through exploration activities, acquisitions or otherwise; and expectations regarding future maintenance and capital expenditures, and working capital requirements. Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled "Risk Factors" in A2Gold's Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR under A2Gold's profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. A2Gold undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
“THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.” “THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.”
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