Gold has held up remarkably well despite a stronger US dollar, rising rate expectations and increasingly hawkish Fed rhetoric. With DXY momentum beginning to fade near resistance, a short-term dollar pullback could provide gold with room to rebound.
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Gold Holds Firm as Fed Hawkishness Tests the US Dollar Rally
While the Fed delivered a hawkish hike on Wednesday, effectively signalling another move by December, they kept us guessing over whether we’ll see the further tightening that money markets are pricing into 2027. However, the increasingly hawkish commentary since the FOMC meeting appears to be part of a broader narrative that could be laying the groundwork for further hikes next year.
Concerns that the AI investment boom is adding to demand could also prove longer lasting than the supply-driven inflation shock from oil. And the fact that the Nasdaq is on the cusp of breaking to a new high despite a hawkish Fed highlights just how much enthusiasm remains around this segment of the technology sector.
Fed Officials Sing from the Same Hawkish Hymn Sheet
Noting that the current policy rate remains on the “accommodative side,” St. Louis Fed President Alberto Musalem said on Monday that further hikes would likely be required to quell inflation, and that acting sooner could be preferable to waiting. He suspects supply shocks and strong demand will keep inflation elevated.
Austan Goolsbee has also shifted to a more hawkish stance, warning that inflation may increasingly reflect overheating demand rather than simply rising energy costs. If correct, he thinks tightening may need to be more aggressive and front-loaded. Jeffrey Schmid made a similar case on Friday.
While none of the three are current FOMC voters, the consistency of their message has caught my attention. I have noticed over the years that Fed officials can suddenly start singing from the same hymn sheet when markets fail to fully embrace the message delivered at an FOMC meeting. Whether coordinated or not, this latest round of commentary has that feel to it — and could be laying the groundwork for further hikes in 2027.
Source: CME
DXY Hesitates Despite Hawkish Fed, Gold Holds Firm
Yet the US dollar does not appear entirely convinced. The DXY weekly chart remains constructive, but the daily chart has struggled to extend its post-FOMC rally despite an increasingly hawkish stream of Fed commentary. That leaves room for a near-term pullback before the broader dollar rally potentially resumes.
Such a retracement could provide some breathing room for gold. The metal has been surprisingly resilient in the face of a stronger dollar and higher US rate expectations, with buyers continuing to defend support. If DXY does correct lower, gold could therefore be positioned for another bounce — even if the broader rates backdrop remains a headwind.
US Dollar Index (DXY) Technical Analysis
While the weekly chart shows a potential rising wedge pattern — which projects a downside target near the January low — I am open to the US dollar eventually breaking above this year’s high if the Fed continues to beat its hawkish drum. A bullish engulfing candle formed last week after the FOMC meeting, following a marginally higher low to show demand is building above 99.
While this paints a bullish picture, I also note that bulls are struggling to maintain last week’s momentum despite recent hawkish Fed comments. A shooting star candle formed on Friday, and the US dollar index is yet to break above last week’s high. Even if it does, the 200-week EMA sits just above 100.50, making it a likely resistance level over the near term. So, despite its bullish structure above 99, I am also on guard for a minor pullback on the daily chart. And that could bode well for gold over the near term, which is holding above support.
Source: ICE, TradingView
Gold Futures (GC) Technical Analysis
Despite the surge in US dollar strength, gold has remained resilient. While I do not claim to know what the bullish trigger may be, I can make the technical assumption that gold may benefit from a decent bounce if the US dollar index retraces lower.
The weekly chart shows the four-week pullback from ~4600 printed a small bullish hammer around its 50-week EMA, with the lower-volatility range showing bears are losing steam. The daily chart shows a bullish engulfing day around 4600, the 50-day EMA and a prior weekly VPOC. Prices are gently retracing against that move, but my near-term bias for gold is now bullish while prices hold above last week’s low of 4277.
The daily swing high around 4555 and the 4600 handle make potential interim targets. Whether gold can retest the cycle highs or break above them is likely to depend on the strength of the US dollar and Fed policy expectations.
HIGHEST-GRADE GOLD ASSAY REPORTED TO DATE AT EASTSIDE; RESULTS SUPPORT EMERGING STRUCTURAL MODEL FOR HIGHER-GRADE GOLD MINERALIZATION
, /PRNewswire/ -- A2Gold Corp. ("A2Gold" or the "Company") (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to report assay results from diamond core drilling completed at the Castle Target, part of the Company's 100% owned, district-scale Eastside Gold-Silver Project in Esmeralda County, Nevada.
The program was designed to improve the Company's understanding of the geological and structural controls on gold mineralization at Castle and to test the potential for higher-grade mineralization within and beyond the current Castle mineral resource.
Figure 1: Plan view map that shows core holes completed during this program and significant intercepts
Figure 2: Northeast-looking cross-section A-A’ showing CAC-006, CAC-007, historical drill holes and gold intercepts in relation to the interpreted northwest-southeast structural corridor (parallel to this section) and favorable stratigraphic contacts.
Figure 3: Plan map that shows the current Castle mineral resource, interpreted northeast- and northwest-striking structural corridors, and areas for potential resource expansion and follow-up drilling.
Table 1: Gold Assay Results from the 2026 Core Drill Program at the Castle Target
Table 2: Silver Assay Results from the 2026 Core Drill Program at the Castle Target
The results represent an important advancement in A2Gold's geological interpretation of Castle. In addition to the broad mineralized envelope that hosts the existing Castle resource, core drilling has identified discrete zones of higher-grade gold associated with interpreted structural corridors and favorable lithological contacts. These results provide the Company with a more focused geological framework for targeting higher-grade mineralization within and beyond the existing Castle resource, shifting the exploration emphasis toward structurally controlled higher-grade zones rather than simply targeting extensions of broad, lower-grade mineralization.
Highlights
CAC-007 intersected 141.10 g/t gold over 0.9 metres from 75.9 metres downhole, at approximately 53 metres vertical depth (Figure 1). This represents the highest-grade gold assay reported to date from the Eastside Project. The intercept occurs within the current Castle resource and is associated with an interpreted northeast-striking structural zone. The CAC-007 high-grade intercept occurs along the same broader northeast structural trend associated with previously reported high-grade surface channel samples at Black Rock, which include 10.50 g/t Au over 0.26 metres and 5.63 g/t Au over 0.28 metres. The approximately 400-metre corridor between Black Rock and the CAC-007 high-grade intercept remains incompletely tested and represents a priority target for follow-up drilling. CAC-006 intersected multiple high-grade gold intervals, including 9.72 g/t Au over 0.6 metres within a broader interval of 0.77 g/t Au over 23.7 metres, and 5.66 g/t Au over 0.2 metres within a broader interval of 0.68 g/t Au over 16.5 metres. These intervals occur near favorable lithological contacts within an interpreted northwest-trending structural corridor and provide additional evidence that higher-grade mineralization at Castle may be more extensive than previously recognized. The drilling supports an emerging geological model in which higher-grade gold mineralization may be controlled by northeast- and northwest-striking structures and favorable lithological/stratigraphic contacts, particularly where these features intersect. The 2026 core program also identified broad zones of silver mineralization that were not systematically characterized by historical drilling, including 13.3 g/t Ag over 19.5 metres inCAC-006 and 10.3 g/t Ag over 41.6 metres inCAC-003. These results indicate that silver may represent a more significant component of the Castle mineralized system than previously recognized. Figure 1: Plan view map that shows core holes completed during this program and significant intercepts
Peter Gianulis, CEO of A2Gold, commented:
"These results are important because they begin to change the way we think about Castle. Castle has historically been viewed primarily as a large, near-surface, lower-grade mineralized system. Our current exploration strategy is increasingly focused on identifying the structural controls that may host materially higher-grade gold within that broader system.
The 141.10 g/t gold intercept in CAC-007 is the highest-grade assay reported to date at Eastside and occurs only approximately 53 metres vertically below surface. Importantly, we do not view the CAC-007 result in isolation. Together with the high-grade surface mineralization previously identified at Black Rock along the same broader structural trend, it provides us with a specific corridor to systematically test for continuity of higher-grade mineralization.
Our next objective is straightforward: follow these structures, test the intersections between structural corridors and favorable stratigraphy, and determine whether these high-grade occurrences form part of continuous vein or feeder systems. That will be an important focus of the next phase of drilling at Castle."
Castle Core Drilling Results
The current drill program was designed to improve understanding of the structural and stratigraphic controls on gold mineralization. The program targeted key structural orientations and stratigraphic contacts identified through historical drilling and recent geological interpretation, with the resulting core enabling detailed characterization of lithological contacts, structural features, alteration and veining and their relationship to gold mineralization.
CAC-007 – Shallow High-Grade Gold
Hole CAC-007 intersected 141.10 g/t gold over 0.9 metres beginning at 75.9 metres downhole, approximately 53 metres vertically below surface.
The high-grade interval occurs within a broader zone of lower-grade gold mineralization including 0.16 g/t gold over 16.9 metres and is associated with a fault interpreted to strike northeast-southwest and dip to the northwest. This structure juxtaposes Tertiary volcanic rocks against Paleozoic sedimentary basement rocks.
Results from CAC-007 support the Company's interpretation that higher-grade mineralization may be structurally controlled and associated with the interpreted northeast-trending corridor at Castle. This structural orientation can now be systematically tested along strike and down dip to assess the continuity and scale of the higher-grade mineralization.
CAC-006 – Structural and Stratigraphic Controls
Hole CAC-006 intersected 9.72 g/t gold over 0.6 metres beginning at 71.0 metres downhole within a broader interval of 0.77 g/t gold over 23.7 metres, and 5.66 g/t gold over 0.2 metres beginning at 110.2 metres downhole within a broader interval of 0.68 g/t gold over 16.5 metres.
The higher-grade intervals encountered in CAC-006 (Figure 2) occur within broader zones of gold mineralization near favorable lithological contacts within the volcanic sequence and in proximity to an interpreted northwest-striking, steeply dipping structural corridor.
Figure 2: Northeast-looking cross-section A-A' showing CAC-006, CAC-007, historical drill holes and gold intercepts in relation to the interpreted northwest-southeast structural corridor (parallel to this section) and favorable stratigraphic contacts.
Geological Significance and Exploration Potential
The 2026 core program has refined the Company's geological interpretation of the Castle mineralized system and identified three potential controls on higher-grade gold mineralization (Figures 2 & 3).
The first potential control is an interpreted northeast-striking, moderately northwest-dipping structural zone that juxtaposes Tertiary volcanic rocks and Paleozoic sedimentary basement rocks. CAC-007 tested this feature and returned the highest-grade gold assay reported to date at Eastside. High-grade vein samples previously collected and assayed from the Black Rock surface outcrop are also associated with this broader structural trend (Press Release dated June 3, 2026). The Company considers the corridor between Black Rock and CAC-007 and the projected extension of this structure to be a priority target for additional drilling.
The second potential control is an interpreted northwest-striking, steeply dipping structural corridor that transects the central Castle resource area. Offsets in lithology and mineralization observed in historical drilling, together with the distribution of the new higher-grade intervals, provide evidence that this corridor may influence the distribution of gold mineralization. Additional drilling will be required to establish its geometry and continuity.
The third potential control is favorable stratigraphy and lithological contacts within the overlying volcanic sequence and the contact with underlying Paleozoic basement. These contacts may have provided favorable pathways for hydrothermal fluids and sites for gold and silver deposition.
The Company's current interpretation is that higher-grade mineralization may preferentially occur where structural and stratigraphic controls intersect. The interpreted corridors extend through and beyond portions of the current Castle mineral resource, providing targets for additional drilling and potential resource expansion.
Figure 3: Plan map that shows the current Castle mineral resource, interpreted northeast- and northwest-striking structural corridors, and areas for potential resource expansion and follow-up drilling.
The 2026 core program has also identified broad zones of silver mineralization that were not systematically characterized by historical drilling, which predominantly reported only gold assays. Results include 13.3 g/t Ag over 19.5 metres in CAC-006 and 10.3 g/t Ag over 41.6 metres in CAC-003, indicating that silver may represent a more significant component of the Castle mineralized system than previously recognized. Systematic silver assaying in future drilling will improve understanding of silver distribution and its relationship to gold mineralization and provide additional data for consideration in future resource estimates.
Future drilling will build on these results and focus on infilling and extending the interpreted higher-grade trends within the current Castle resource, testing their projected extensions beyond the resource boundary, and evaluating their relationship to favorable stratigraphic contacts. Reinterpretation of historical drilling together with the new core data is underway to refine the structural interpretation and identify additional drill targets.
John Marma, Vice President, Exploration, commented:
"The objective is no longer simply to demonstrate that Castle contains a broad gold-mineralized system. The objective now is to understand where that system concentrates gold into significantly higher-grade zones. CAC-006 and CAC-007 support the interpretation that higher-grade gold is associated with specific structural orientations and favorable lithological contacts, with the strongest result occurring where these features converge. This provides a more focused framework for step-out and infill drilling along the interpreted structural corridors, including areas beyond the current Castle resource. The new silver results are also important, as they indicate that silver may represent a more significant component of the Castle mineralized system than previously recognized."
Mineral Resource Context
Castle hosts an existing NI 43-101 Inferred Mineral Resource. The current resource estimate comprises 19.986 million tonnes grading 0.49 g/t gold, containing approximately 314,000 ounces of gold at a 0.15 g/t Au cut-off grade. The resource estimate has an effective date of July 30, 2021.
The Company cautions that the results reported in this release have not been incorporated into the existing mineral resource estimate, and there is no assurance that the results reported herein or additional drilling will result in an increase to the mineral resource.
Table 1: Gold Assay Results from the 2026 Core Drill Program at the Castle Target
Table 2: Silver Assay Results from the 2026 Core Drill Program at the Castle Target
Gold Table Notes: Reported gold drill intercepts were calculated using a series of increasing cutoffs: 0.15 g/t gold cut-off grade with a nominal maximum of 4.0 metres of consecutive internal dilution; a 1 g/t gold cut-off grade with a nominal maximum of 3.0 metres of consecutive internal dilution; and a 5 g/t gold cut-off grade with a nominal maximum of 3.0 metres of consecutive internal dilution. No limit was applied to the total amount of non-consecutive internal dilution included within a composite. All reported intercepts begin and end with assays above the applicable cut-off grade. Composite intervals were calculated using uncapped raw assay values.
Silver Table Notes: Reported silver drill intercepts were calculated using a nominal cutoff of 5 g/t silver with a nominal maximum of 4.0 metres of consecutive internal dilution. No limit was applied to the total amount of non-consecutive internal dilution included within a composite. All reported intercepts begin and end with assays above the applicable cut-off grade. Composite intervals were calculated using uncapped raw assay values.
Reported intervals represent downhole drilled lengths; true widths have not yet been determined.
Core recovery was variable. Where applicable, reported intercepts containing incomplete core recovery were calculated using a length-weighted average grade of recovered core applied over the total interval. Consequently, some reported intercepts may contain intervals of core loss.
Quality Assurance / Quality Control
The core drilling program included the routine insertion of certified reference materials, blanks, and duplicates as part of the Company's quality assurance and quality control ("QA/QC") procedures. Drill samples were submitted to American Assay Laboratories in Sparks, Nevada, an ISO/IEC 17025 accredited analytical laboratory.
Gold analyses were completed using a 30-gram fire assay with an ICP-OES (optical emission spectrometry) finish. Samples exceeding the laboratory's upper detection limit are reanalyzed using gravimetric methods. Silver analyses were completed using a 5-acid digestion and an ICP-OES finish.
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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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.
Forward-looking statements in this news release include, but are not limited to, statements regarding A2Gold's exploration plans for the Castle Target and Eastside Project; the interpretation of structural and stratigraphic controls on higher-grade mineralization; the potential continuity, scale and extension of higher-grade gold and silver mineralization; the potential for interpreted structural corridors to host continuous vein or feeder systems; planned follow-up, infill and step-out drilling within and beyond the current Castle mineral resource; potential resource expansion; the systematic evaluation of silver mineralization; the reinterpretation of historical drilling; 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.
Gold Price has recovered towards $4,380, but UniCredit expects higher rates to restrain gains even as central banks and investors support demand. The gold price (XAU/USD) ended Friday near $4,380 an ounce, close to the lower end of UniCredit's revised $4,300-$5,000 forecast range for end-2026.
Bullion gained 0.75% over the week but remained 2.92% lower over the past month, reflecting the uneven recovery from September's lows.
UniCredit retains a neutral to slightly constructive outlook, with higher interest rates limiting how far demand from central banks and investors can lift prices.
Its upper forecast boundary sits roughly 14% above Friday's close, although the bank expects only a modest upward bias.
Image: Gold price vs USD - one month chart Why the cause of rising yields matters The Federal Reserve's quarter-point increase to 3.75%-4.00% sharpened competition from interest-bearing assets and helped drive the Dollar higher against the Euro.
Gold pays no interest, so rising yields increase the income investors forgo by holding it.
UniCredit nevertheless argues that higher long-term yields have different implications depending on what drives them.
A steeper yield curve caused by stronger growth and higher expected equilibrium interest rates would typically weigh on gold.
"However, a steepening driven by fiscal deficits, debt-sustainability concerns and higher term premia can be supportive, particularly if it weakens confidence in the US dollar."
We think this leaves confidence in government finances central to the forecast, alongside the direction of interest rates.
Image: XAU/USD 2026 chart Gold remains only 1.42% higher since the start of 2026 after retreating from its January peak near $5,594.
Even the upper end of UniCredit's December range would leave bullion below that peak, allowing for a recovery without assuming a return to this year's highs.
The bank also sees several sources of continuing demand:
"Sustained central-bank purchases, recovering ETF inflows, portfolio-diversification demand and concerns about preserving purchasing power amid large fiscal deficits and rising public debt continue to provide support."
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
Gold.com Inc. (NYSE:GOLD – Get Free Report) Director Jeffrey Benjamin sold 3,652 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $47.07, for a total transaction of $171,899.64. Following the sale, the director owned 300,613 shares in the company, valued at approximately $14,149,853.91. This trade represents a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Gold.com Trading Down 3.3% Gold.com stock opened at $45.35 on Friday. Gold.com Inc. has a 12 month low of $23.00 and a 12 month high of $66.70. The stock has a fifty day simple moving average of $43.48 and a two-hundred day simple moving average of $43.79. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 15.53 and a beta of 0.56.
Gold.com (NYSE:GOLD – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same period in the previous year, the company earned $0.41 earnings per share. On average, equities research analysts forecast that Gold.com Inc. will post 3.73 EPS for the current fiscal year.
Gold.com Announces Dividend The company also recently announced a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is presently 27.40%. Institutional Inflows and Outflows Hedge funds have recently bought and sold shares of the company. Jacobs Asset Management LLC purchased a new position in shares of Gold.com in the fourth quarter valued at about $10,215,000. CenterBook Partners LP purchased a new stake in shares of Gold.com during the fourth quarter worth about $9,171,000. Pacer Advisors Inc. bought a new stake in Gold.com during the 4th quarter valued at approximately $6,185,000. Bank of New York Mellon Corp bought a new stake in Gold.com during the 2nd quarter valued at approximately $7,143,000. Finally, Renaissance Technologies LLC purchased a new position in Gold.com in the 1st quarter worth approximately $4,836,000. Institutional investors own 62.85% of the company’s stock.
Analysts Set New Price Targets GOLD has been the topic of several recent research reports. Canaccord Genuity Group lowered their price objective on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Wall Street Zen lowered Gold.com from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.00.
Get Our Latest Analysis on GOLD
About Gold.com (Get Free Report)
Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.
Further Reading Five stocks we like better than Gold.com Lennar’s Earnings Miss May Be Sending a Bigger Warning About U.S. Housing Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits These 3 Agentic AI Stocks Have More Than Hype Behind Their Growth Stories Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike
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On September 18, 2026, Gold.com Inc GOLD shares fell 3.0% to $45.46, reflecting a notable decline in the stock's price amid a 52-week range of $23.00 to $66.70. This performance comes after a year of substantial gains, with the stock up 74.6% over the past 12 months.
GF Value™ verdict: Currently priced at $45.46, GOLD is estimated to be 19.6% undervalued compared to its GF Value™ of $56.54.GF Score™: GOLD has a GF Score™ of 75/100, indicating an above-average assessment based on a range of financial metrics.Most notable signal: Insider activity shows a net selling of $19.6M over the past year, with insiders buying $35.8M and selling $55.4M in shares.Is GOLD Overvalued or Undervalued?The current market price of Gold.com Inc GOLD at $45.46 suggests a potential opportunity for investors, as it trades significantly below the GF Value™ estimate of $56.54. This indicates a margin of safety of approximately 19.6%, suggesting that the stock is undervalued at its current price. The GF Value™ represents GuruFocus' proprietary intrinsic value estimate, which is based on historical trading multiples, past business growth, and future performance projections. GOLD's designation as "modestly undervalued" suggests that there may be room for appreciation, although investors should remain cautious of market volatility.
While the stock's recent performance has trended positively over the past year, the risk remains that market conditions could lead to further declines. Investors should weigh these factors carefully when considering the potential upside of the current valuation.
How Does GOLD's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)15.6x6.7xForward P/E14.6xN/AGold.com Inc's current P/E ratio of 15.6x is significantly above its 5-year median P/E of 6.7x, indicating that the stock is trading at a premium compared to its historical valuation. This divergence suggests that while the GF Value™ indicates the stock is undervalued, the P/E analysis raises questions regarding whether the market has fully priced in the potential for future growth.
What Does GOLD's GF Score™ Tell Us?The GF Score™ is a comprehensive measure that evaluates a company's financial health and growth potential based on various factors. With a score of 75/100, Gold.com Inc demonstrates a solid standing within the market. Its strongest sub-rank is the Valuation Rank at 10/10, indicating an attractive valuation based on its current price. However, the Growth Rank is notably weaker at 3/10, suggesting challenges in sustaining growth moving forward.
MetricRatingGF Score™75Financial Strength8/10Profitability7/10Growth3/10Valuation10/10Momentum6/10Overall, the combination of these scores reflects a company with strong financial strength and profitability, yet it faces challenges in growth. The high valuation rank reinforces the notion that GOLD may present a buying opportunity, despite the lower growth expectations.
What Are Gurus and Insiders Doing with GOLD?Currently, no gurus hold Gold.com Inc, with 0 adding and 4 trimming their positions in recent quarters. This lack of guru interest could signal caution among institutional investors, which may warrant attention from potential investors. In contrast, insider trading data shows that over the past 12 months, insiders bought $35.8M worth of shares but also sold $55.4M, resulting in a net selling of $19.6M. This trend indicates that while there is some confidence from insiders, the selling activity may reflect personal financial decisions rather than a strong belief in the company's near-term prospects.
What This Means for InvestorsIn conclusion, Gold.com Inc GOLD is currently undervalued according to its GF Value™ at $56.54, presenting a potential opportunity with a margin of safety of 19.6%. However, the elevated P/E ratio compared to its historical average and the lack of support from guru investors suggest that caution is warranted. A comprehensive review of the company's fundamentals and market conditions is essential for making informed investment decisions. For more details, visit the Gold.com Inc (GOLD) stock page for complete analysis.
Frequently Asked QuestionsWhat is GOLD's GF Score™?
GOLD has a GF Score™ of 75/100, indicating above-average performance across various financial metrics.
Is GOLD overvalued or undervalued?
According to GF Value™, GOLD is currently undervalued with a margin of 19.6% compared to its estimated fair value.
What is GOLD's P/E ratio?
The current P/E ratio for GOLD is 15.6x, which is significantly higher than its 5-year median P/E of 6.7x.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Jill Van, EVP & Controller, to succeed Cary Dickson following his planned retirement
KPMG appointed as Auditor
COSTA MESA, Calif., Sept. 18, 2026 (GLOBE NEWSWIRE) -- Gold.com, Inc. (NYSE: GOLD), (“Gold.com” or the “Company”), a fully integrated alternative assets platform that offers an extensive range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients worldwide, today announced that its Board of Directors has appointed Jill Van as Chief Financial Officer, effective September 18, 2026. She succeeds Cary Dickson, who has informed the Company of his decision to retire on the same date. Mr. Dickson will serve as a Consultant to the Company for the 12 month period immediately following his retirement. The Company also announced that the Audit Committee of the Board of Directors has approved the appointment of KPMG LLP (“KPMG”) as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2027, succeeding Grant Thornton LLP.
Appointment of Jill Van as Chief Financial Officer
Ms. Van currently serves as Executive Vice President and Controller and will transition to the Chief Financial Officer role on September 18, 2026 , succeeding Cary Dickson following his planned retirement. She joined the Company in June 2025 and has more than 25 years of accounting, audit, and financial leadership experience. Ms. Van is a Certified Public Accountant and spent more than two decades in public accounting, including Audit Partner roles at RSM US LLP and Grant Thornton LLP, where she led SEC reporting engagements, audits, and complex transactions across diverse range of clients. She also served as Interim CFO at Hardesty LLC and was CFO at Shew Enterprises.
"With Cary transitioning into retirement, Jill is exactly the right person to step into the CFO role," said Greg Roberts, Chief Executive Officer of Gold.com. "She has already been a driving force behind our finance organization, and her decades of experience give her the technical depth to oversee our financial reporting and controls as a public company. On behalf of the Board and the entire Gold.com team, I also want to thank Cary for his many contributions over more than a decade of service, and we wish him well in his retirement."
"It has been an honor to serve as Gold.com's Chief Financial Officer on two separate occasions over the past 11 years, and to help lead the Company through its significant transformation and global expansion," said Cary Dickson. "I've worked closely with Jill and know firsthand the commitment and judgment she brings to the finance organization. I’m confident she is ideally suited to be Gold.com’s next CFO."
"I am grateful to Cary for his mentorship and to the Board for this opportunity," said Jill Van. "Having spent the past year immersed in our financial reporting and operations as Controller, I am looking forward to building on that foundation of strong financial discipline to support our strategic priorities around growth, capital efficiency and operational excellence.”
Appointment of KPMG LLP as Independent Auditor
As Gold.com’s business continues to evolve on a global scale, the Audit Committee of the Board of Directors conducted a review process to determine the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2027. The Audit Committee has approved the appointment of KPMG to serve as Gold.com's independent registered public accounting firm, effective September 14, 2026. KPMG succeeds Grant Thornton LLP, whom the Company thanks for its service. Additional information is available in the Current Report on Form 8-K to be filed with the Securities and Exchange Commission.
About Gold.com, Inc.
Gold.com builds on gold’s storied history and heritage to define the future of alternative asset management. Founded in 1965, Gold.com offers comprehensive solutions for all aspects of the precious metals (gold, silver, platinum, and palladium) and collectibles (including rare coins and currency) value chains. Its vertically integrated platform combines market expertise with state-of-the-art logistics, financing, and minting capabilities to serve customers, collectors, and institutional clients globally.
Gold.com’s direct-to-consumer marketplace, anchored by flagship brands JMBullion.com, Stack’s Bowers Galleries, GovMint.com, Monex Precious Metals, and Goldline, has served millions of customers. The Company’s trading and wholesale sales platform, which operates as A-Mark Precious Metals, maintains distribution and finance focused relationships with a network of sovereign and private mints and has been an “authorized purchaser” of the United States Mint since 1986. This platform is supported by the Company’s minting and refining operations which include Sunshine Minting and Silver Towne Mint, whose facilities can collectively produce in excess of three million ounces of finished precious metals products per week. Gold.com’s Collateral Finance Corporation secured lending subsidiary, CFCGoldLoans.com, extends bullion, numismatic, and graded sports card loans, while A-Mark Global Logistics supports the Company’s operations with airport-adjacent distribution centers and IRA-approved storage depositories.
Gold.com is headquartered in Costa Mesa, California, and operates across the United States, Canada, the United Kingdom, Europe, Hong Kong, and Singapore. Learn more at www.gold.com.
Gold.com periodically provides information for investors on its corporate website, www.gold.com and its investor relations website, ir.gold.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and investor presentations.
Important Cautions Regarding Forward-Looking Statements
Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements regarding expectations with respect to growth, increasing market share and the delivery of long-term value. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results or circumstances to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following: The failure to execute the Company’s growth strategy, including the inability to identify suitable or available acquisition or investment opportunities; greater than anticipated costs incurred to execute this strategy; our inability to execute on our cost containment and expense reduction programs; government regulations that might impede growth, particularly in Asia, including with respect to tariff policy; the inability to successfully integrate our recently acquired businesses; changes in the current international political climate, which historically has favorably contributed to demand and volatility in the precious metals markets but also has posed certain risks and uncertainties for the Company; increased competition for the Company’s higher margin services, which could depress pricing; the failure of the Company’s business model to respond to changes in the market environment as anticipated; changes in consumer demand and preferences for precious metal products generally; potential negative effects that inflationary pressure may have on our business; the failure of our investee companies to maintain, or address the preferences of, their customer bases; general risks of doing business in the commodity markets; and the strategic, business, economic, financial, political and governmental risks and other Risk Factors described in in the Company’s public filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Company Contact:
Steve Reiner, Executive Vice President, Capital Markets & Investor Relations
Gold.com, Inc.
1-310-587-1410 [email protected]
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Gold holds $4,235–$4,281 support as a falling wedge develops, with a breakout above $4,381 potentially opening the path toward $4,966–$4,973.
Falling Wedge Takes Shape Gold further confirmed the formation of a potential falling bullish wedge on Thursday, establishing a higher daily low of $4,257 and rallying to a four-day high of $4,381. The advance triggered a rise above two key dynamic resistance indicators, including the downtrend line and the 10-day moving average, which is near $4,346. Although the recovery of those indicators is not set to be confirmed with a close above the levels, the higher daily low, positive performance for the session, and likely close in the top third of the day’s range show that buyers remain in control in the short-term.
That could lead to confirmation of the falling wedge with a decisive breakout above $4,381. Such a breakout would provide an important confirmation of the developing bullish structure and signal that the recent consolidation may be ending.
Spot gold daily chart shows one-day advance off key support zone. Source: TradingView Support Confluence Preserves Bullish Setup The formation of the falling wedge has occurred following a test of a support zone defined by the confluence of the 61.8% Fibonacci retracement of the prior advance and the 50-day moving average. This is a good example of why key price levels should be watched as price areas or zones. A higher daily low has now been established following Wednesday’s low of $4,235, identifying key structure support, while the 50-day moving average defines dynamic support, near $4,281 currently. The ability to hold above this support zone has helped preserve the developing bullish setup.
Spot gold daily chart shows larger trend structure. Source: TradingView $4,381 Breakout Opens Next Leg A decisive advance above $4,381 will signal a breakout of the wedge pattern and a reclaim of the 10-day moving average, along with the downtrend line. That would also signal the possible beginning of the next leg up in the advance that began in early August and the progression of a rising ABCD pattern. When there is price symmetry between the two upswings, a potential resistance level is identified. That occurs at $4,973. The significance of that potential upside target is supported by the 61.8% Fibonacci retracement of the full prior decline at $4,966. The close alignment of these two levels creates a potentially significant resistance zone near $4,966-$4,973.
Moving Average Holds Key If strength follows, the 50-day moving average will be confirmed as support after it had marked dynamic resistance until the August 5 rally. Once the first pullback to that key indicator confirms its role as a support level, the developing bullish trend should be ready to proceed. For now, the $4,235-$4,281 area defines important underlying support, while a decisive move above $4,381 would provide the next confirmation that the falling wedge is resolving higher.
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About the Author
With over 20 years of experience in financial markets, Bruce is a seasoned finance MBA and CMT® charter holder. Having worked as head of trading strategy at hedge funds and a corporate advisor for trading firms, Bruce shares his expertise in futures to retail investors, providing actionable insights through both technical and fundamental analyses.
-- Proxy advisor recommends voting “FOR” two of PVG’s director nominees and “AGAINST” two incumbent director nominees including the board’s current chair on the GOLD Universal Proxy Card –
-- PVG encourages stockholders to vote to elect all six of its director nominees by voting the GOLD Universal Proxy Card to help the Company realize the full potential of its valuable assets --
CENTENNIAL, Colo., Sept. 17, 2026 (GLOBE NEWSWIRE) -- PVG Asset Management Corp. (“PVG”), a stockholder of 337,663 shares of Anavex Life Sciences Corp. (NASDAQ: AVXL) (“Anavex” or the “Company”), announced that leading independent proxy advisory firm Glass Lewis & Co. (“Glass Lewis”) recommended that AVXL stockholders vote the GOLD Universal Proxy Card at the Company’s September 24, 2026 annual meeting.
In addition, Glass Lewis recommended that stockholders vote “FOR” the election of PVG director nominees Curtis Hogue and Jason Kolbert to the Company’s board of directors and “AGAINST” incumbent director and Chairperson Jiong Ma and incumbent director Claus van der Velden on the GOLD Universal Proxy Card.
Glass Lewis, in its recent Anavex report(1): also:
Stated, “the balance of available factors fundamentally suggests the incumbent board's oversight has been measurably ineffective, and that further accountability is warranted at this time.”Added, “PVG credibly establishes that functionally inert stewardship by long-serving board members directly contributed to strategic turbulence, executive tumult, regulatory lapses, structural weaknesses and persistent and material downside performance.”Found that “the current board remains uniquely and heavily insulated from its own errant stewardship…. Recent losses thus arguably seem to have had a de minimis impact on the current Anavex slate, notably including culpable, long-serving directors who hold sway over substantially all critical oversight functions.”Observed, that for incumbent director nominees Ma and van der Velden, “neither candidate appears to have substantive life sciences credentials … both appear to have tech-weighted backgrounds that do not clearly align with the Company's current strategic needs or clinical priorities.”Suggested removing “Ma and van der Velden in favor of novel candidates with more relevant expertise, fresh perspectives and, critically, no evident responsibility for the circumstances giving rise to Anavex's strategic missteps, regulatory headwinds, dubious governance architecture and substantial trading declines.”Stated, “the board formed an open-ended committee with a lopsided mandate, terminated the former CEO, elevated an interim executive with operational familiarity but questionably robust expertise, hit a cascade of recently resolved regulatory stumbling blocks and impinged on the Company's capital raising alternatives at a critical juncture.”Reasoned that “alternate candidates with more direct industry and capital markets expertise would represent a positive shift relative to the status quo.”Noted that the current board’s critique of PVG director nominees “lands awkwardly next to the observed expertise of several targeted Anavex incumbents, ultimately striking an off-key ‘rules for thee, not for me’ chord,” adding, several alternate nominees do appear to offer prospectively valuable biotechnology and capital markets expertise.”
(1) Permission to use quotations from Glass Lewis was neither sought nor obtained. Emphasis added by PVG.
“We believe Glass Lewis surgically dismantled Anavex directors’ defense of our case for change, reinforcing our view that time is of the essence for refreshment of the entire board by electing all six of PVG’s director nominees,” said Patrick S. Adams, President of PVG Asset Management Corporation. “In recommending that stockholders vote against incumbents Ma and van der Velden, who have already served five and eight years as independent Anavex directors, we are persuaded that Glass Lewis recognized the current board’s recent half-measures have been too little, too late.
“Glass Lewis also highlighted the reality that one current director owns AVXL stock totaling just 5,000 shares, the balance of the current board’s beneficial ownership position is in the form of underwater options, and three of the company’s director nominees have no economic exposure to Anavex at all,” Adams added. “Stockholders should insist that this board finally have skin in the game and elect all six PVG nominees, who are committed to requiring meaningful stock ownership for all directors and officers as part of our plan to restore and maximize shareholder value.”
PVG believes Anavex requires a new Board to provide appropriate oversight, as well as an experienced biotechnology CEO capable of restoring credibility with investors, securing the capital necessary to advance key clinical programs, and creating long-term value for all stockholders.
PVG encourages all stockholders to carefully review its proxy materials and vote the GOLD Universal Proxy Card to elect PVG’s six nominees at the 2026 Annual Meeting.
For additional information regarding PVG’s campaign for change at Anavex, please visit: www.AnavexVotePVG.com.
If you have any questions, require assistance in voting your GOLD universal proxy card, or need additional copies of PVG Group’s proxy materials, please contact:
1055 Washington Boulevard, Suite 520
Stamford, CT 06901Stockholders may call toll-free: (877) 972-0090
Banks and brokers call collect: (203) 972-9300
E-mail: [email protected]
Participants in the Solicitation
The participants in PVG’s solicitation of proxies are PVG Asset Management Corporation, Patrick S. Adams, Jason Kolbert, Ralf von Ziegesar, Rene Mora, John Boris and Curtis Hogue (collectively, the “Participants”). Information concerning the identity of the Participants and a description of their direct or indirect interests, by security holdings or otherwise, is included in PVG’s Definitive Proxy Statement and related SEC filings.
Forward-Looking Statements
This release and any related communications contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are not historical facts, including statements regarding PVG’s plans, objectives, beliefs, strategies and expectations relating to the 2026 Annual Meeting, the proxy solicitation, the Company, the Company Board of Directors, the PVG nominees, stockholder value and the potential outcome of PVG’s solicitation.
These statements may be identified by words such as “believes,” “expects,” “anticipates,” “plans,” “intends,” “estimates,” “may,” “will,” “would,” “could,” “should” and similar expressions, or the negative thereof. Actual results may differ materially from those projected or contemplated by these forward-looking statements due to various risks and uncertainties, including those described in applicable filings made by the Company and PVG with the SEC.
Stockholders are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. PVG and the Participants do not undertake any obligation to update or revise any forward-looking statements, except as required by applicable law.
Important Additional Information and Where to Find It
PVG, together with the other Participants, has filed a definitive proxy statement on Schedule 14A and accompanying GOLD Universal Proxy Card with the SEC in connection with the solicitation of proxies from stockholders of the Company relating to the 2026 Annual Meeting.
STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING GOLD UNIVERSAL PROXY CARD, ANY AMENDMENTS OR SUPPLEMENTS THERETO, AND ANY OTHER DOCUMENTS FILED BY PVG WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BEFORE MAKING ANY VOTING DECISION BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
The Definitive Proxy Statement, GOLD Universal Proxy Card and other relevant materials filed by PVG with the SEC are available at no charge at the SEC’s website at https://www.sec.gov/.
Contact:
Patrick S. Adams
PVG Asset Management Corporation [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33d49f79-50c6-40bf-b759-4542d16fbac0
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, /PRNewswire/ -- A2Gold Corp. ("A2Gold" or the "Company") (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to announce assay results from the first phase of reverse circulation ("RC") drilling completed at the McIntosh Target, part of the Company's district-scale Eastside Gold-Silver Project in Esmeralda County, Nevada, within the Walker Lane Trend.
Highlights
Figure 1: Plan map of the McIntosh Target showing the existing resource and associated pit shell, 2026 Phase 1 RC drill hole locations, the southeast resource extension in hole ES-342, and the new southwest discovery in hole ES-347.
Figure 2: North-looking cross-section A-A’ showing the new mineralized gold zone in ES-347, approximately 370 m southwest of the 2021 McIntosh resource associated with the margin of a low magnetic susceptibility anomaly .
Figure 3: North-looking cross-section B-B’ showing the extension of gold mineralization in ES-342, 86 m southeast of the 2021 McIntosh resource. This intercept is associated with the margin of a low magnetic susceptibility anomaly.
Table 1: Gold assay results from Phase 1 RC drill program at the McIntosh target. ES-347 intersected 0.23 g/t gold over 65.5 metres beginning at 253.0 metres downhole, representing the discovery of a new zone of gold mineralization approximately 370 metres southwest of the current McIntosh resource. ES-342 intersected 0.20 g/t gold over 32.0 metres beginning at 214.9 metres downhole, representing an 86-meter extension of known McIntosh mineralization and providing a compelling target for mineralization extension. The new discovery in ES-347 is associated with a ~1.5 km-long but previously untested north- to northwest-oriented magnetic low anomaly. Gold mineralization in both ES-347 and ES-342 occurs primarily along the margins of magnetic low anomalies, consistent with the geophysical relationships observed within the existing McIntosh resource. The results provide additional support for the Company's use of integrated geophysics and geology to target mineralization outside the existing McIntosh resource footprint. Peter Gianulis, CEO of A2Gold, commented: "The Phase 1 South McIntosh program accomplished two important objectives: it extended mineralization beyond the existing resource boundary and identified gold mineralization associated with a previously untested geophysical target southwest of McIntosh. While additional drilling will be required to understand the scale and continuity of this new zone, the results provide useful confirmation that the magnetic features surrounding McIntosh can help us identify additional mineralized structures. This work is contributing to our broader targeting strategy across the Eastside district."
McIntosh RC Drilling Results
The first phase of RC drilling was designed to evaluate opportunities for resource expansion while testing high-priority geophysical targets adjacent to the existing McIntosh resource.
Hole ES-347 intersected 0.23 g/t gold over 65.5 metres beginning at 253.0 metres downhole, representing the discovery of a new zone of gold mineralization approximately 370 metres southwest of the current McIntosh resource. ES-347 represents the first drill test to intersect gold mineralization associated with a ~1.5 km north- to northwest-trending magnetic low anomaly identified in recently collected geophysical data.
Hole ES-342 intersected 0.20 g/t gold over 32.0 metres beginning at 214.9 metres downhole, extending known gold mineralization approximately 86 metres southeast of the current McIntosh resource. The intercept demonstrates that mineralization continues beyond the existing resource boundary and provides a target for additional drilling southeast of McIntosh.
Table Notes: Reported drill intercepts were calculated using a 0.10 g/t Au cut-off grade with a maximum of 5.0 metres of consecutive internal dilution. No limit was applied to the total amount of non-consecutive internal dilution included within a composite. All reported intercepts begin and end with assays above the cut-off grade. Composite intervals were calculated using uncapped raw assay values. Reported intervals represent downhole drilled lengths; true widths have not yet been determined.
Geological Significance
The new gold mineralization identified in ES-347 is spatially associated with a previously untested, prominent magnetic low anomaly. Geological interpretation indicates that gold mineralization occurs primarily along the margin of the magnetic low, a relationship that closely mirrors the mineralization pattern previously identified within the existing McIntosh resource.
The similarity between the geophysical setting of ES-347 and mineralization at McIntosh suggests that magnetic-low margins may provide an effective targeting tool for identifying additional mineralized structures across the broader Eastside district. The magnetic feature associated with ES-347 remains largely untested and provides additional targets for future drilling.
Exploration Potential
The first phase of RC drilling supports A2Gold's broader Eastside exploration strategy of expanding known mineralization while also testing structural and geophysical targets that may represent higher-grade feeder zones within the broader epithermal system.
The southeast extension intersected in hole ES-342 demonstrates continued potential to expand mineralization adjacent to the existing McIntosh deposit, while the new mineralized zone in ES-347 provides an additional target for future follow-up drilling. These results will also help guide the Company's ongoing evaluation and prioritization of structural targets across the broader Eastside district.
Future drilling at McIntosh will be prioritized alongside other Eastside targets based on geological interpretation, geophysical targeting and the potential to identify higher-grade mineralized structures.
Quality Assurance / Quality Control
The RC drilling program included the routine insertion of certified reference materials, blanks, and field duplicates as part of the Company's quality assurance and quality control ("QA/QC") procedures. Drill samples were submitted to American Assay Laboratories in Reno, Nevada, an ISO/IEC 17025 accredited analytical laboratory. Gold analyses were completed using a 30-gram fire assay with an OES (optical emission spectrometry) finish. Samples exceeding the laboratory's upper detection limit are reanalyzed using gravimetric methods.
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.
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.
Fed rate rises will not necessarily put pressure on gold. The medium-term outlook for gold remains bullish. Ahead of the FOMC meeting, gold is rising sharply, gaining more than 1.2% intraday to $4,345. Over the past three weeks, the strengthening of the dollar and rising yields on US Treasury bonds have weighed on the price of the non-interest-bearing precious metal. However, as soon as the greenback retreated, gold quickly launched a counter-attack.
A rise in the federal funds rate from 3.75% to 4% appears a foregone conclusion. The base-case scenario for the interest rate futures market is a tightening of monetary policy and the FOMC’s forecast that it is prepared to do so again in 2026. This will stabilise the US dollar and is likely to suppress yields on long-term government bonds as fears subside that the Fed is losing control of the situation in the long term. Such a scenario is quite favourable for gold. If, however, the Committee forecasts three rate rises in its updated projections, the greenback will soar, whilst the precious metal will face a wave of sell-offs.
Former Fed Chair Jerome Powell was adept at smoothing out market sentiment regarding the FOMC’s forecasts. Will Kevin Warsh, an opponent of forward guidance, be able to do the same? His hawkish rhetoric following the June meeting and at Jackson Hole significantly strengthened the US dollar and triggered a decline in gold prices at the end of last month. Gold bulls have cause for concern this time around as well.
At the same time, the medium- and long-term outlook for the precious metal looks positive. A rate hike is sure to provoke discontent in the White House, whose pressure on the Fed is fuelling the ‘debasement trade’. US fiscal problems have not gone away, and the Treasury’s attempts to intervene in the currency and debt markets are increasing demand for decentralised finance assets.
In such circumstances, a fall in gold prices in response to the Fed’s decision to begin a cycle of rate rises could create ideal conditions for buying the metal.
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.
Gold Technical Outlook: XAU/USD Multi-Timeframe Analysis
Gold heads into the Federal Reserve decision with the rate move already priced near 93%, leaving the dot plot to set the direction. Michael Boutros, StoneX Media Senior Market Analyst, walks through gold on the weekly, daily and four hour charts and the scenarios the Federal Reserve projections could produce. Gold has declined nearly 9.4% from its August high and has spent three consecutive weeks straddling the same yearly reference level. The dot plot and the updated Summary of Economic Projections carry the reaction, since the rate move is close to fully priced. Treasury yields, especially the front end of the curve, and the U.S. dollar are how those projections reach precious metals.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
Key Economic Data Releases
Economic Calendar - latest economic developments and upcoming event risk.
Active Short-term Technical Charts
Australian Dollar Short-term Outlook: AUD/USD Reversal Tests Key Uptrend Support
Gold Price Short-term Outlook: XAU/USD Bulls Fight to Stabilize at Pivotal Support
Japanese Yen Short-term Outlook: USD/JPY Breakdown Faces Major Test Ahead of Fed, BoJ
US Dollar Short-term Outlook: USD Selloff Accelerates Toward August Lows Ahead of NFP
Swiss Franc Short-term Outlook: USD/CHF Breakout Puts Yearly Highs Back in Play
Euro Short-term Outlook: EUR/USD Pullback Nears Pivotal Uptrend Support
British Pound Short-term Outlook: GBP/USD Bulls Confront Resistance at Three-Month Highs
Written by Michael Boutros, Senior Technical Strategist
Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Gold forecasts The short-term range is $3942.10 to $4697.11. Its retracement zone is $4319.60 to $4230.51. On September 2, Spot Gold made a low from inside this zone at $4282.62. It led to a rally to $4510.93. This week, the market hit a low on Monday at $4261.38. Today, it hit an intraday high at $4360.50.
A new minor range has formed between $4510.93 and $4253.64.
What to Watch Wednesday comes down to one press conference. The market already paid for the hike. Gold already got the bounce from yields slipping below 5% and the dollar going quiet. Now Warsh has to talk and everything gold gained today is on the table. If he sounds like December is still live, this morning’s rally was the exit for late shorts, not the start of a recovery. If he sounds finished, gold has room to run because the metal held its floor three times this week while yields were at their worst and sellers could not break it.
The bias leans bearish with the main trend down on the daily swing chart, but the bears have a credibility problem. The 50-day moving average at $4280.99 and the retracement zone at $4319.60 to $4230.51 stopped the selling Monday, Tuesday and again Wednesday morning. Three tests and three failures to break through is not a pattern that gives sellers confidence heading into a Fed decision.
A push through $4382.28 would be a normal retracement and not a threat to the trend by itself. A move beyond it is different. That puts the main trend at risk with the swing top at $4510.93 as the level that changes direction.
On the downside, a break through $4253.63 would finally end the support defense that has been frustrating sellers all week with $4230.51 as the level where the real damage starts.
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Gold rebounds from its 200-day EMA ahead of the Fed decision, with $4,500 in focus if momentum improves while higher interest rates remain a headwind.
Gold Technical Analysis
Daily price chart for Gold futures showing price rebounding toward 4,386.7 from the 200-day EMA support. Source: TradingView The gold market started the day on a positive note, bouncing from the crucial 200-day EMA as we wait for the Federal Reserve interest rate decision and, perhaps more importantly, the press conference and statement.
We are in an oversold condition as far as the stochastic oscillator is concerned, so a little bit of a bounce from this major moving average is not a huge surprise. Interest rates in America continue to be a major problem for gold markets, though, and technical analysts will look at this market and see a bit of a head and shoulders.
We’ll see if that kicks off because, if it does and the market starts to show signs of life again, the next major milestone in this market is the $4,500 level.
Long-Term Outlook and Key Fundamentals The longer-term outlook for gold is probably bullish, with so much debt in the world and, of course, the fact that it is quite often used as a safe-haven asset. However, with higher interest rates due to energy inflation, that takes that safety bid out of it, as higher interest rates are really bad for gold historically speaking.
As long as there are energy inflation concerns out there, it makes a certain amount of sense that it causes negativity for gold. Expect choppiness. I think that’s pretty much a given on days where we have major interest rate announcements, especially when people are going to be looking at forward guidance.
I anticipate that this will be a very noisy day. Ultimately, at the end of the day, maybe once the dust settles, we might have a clearer picture of where the market wants to go.
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Gold Price Forecast
Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.
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Gold struggled to start a fresh increase and remained below $4,450. A bearish trend line is forming with resistance at $4,355 on the 4-hour chart. WTI Crude Oil extended gains and remains supported above $100. EUR/USD started a fresh decline and traded below 1.1580. Gold Price Technical Analysis Gold failed to surpass $4,500 and corrected gains against the US Dollar. The price dipped below $4,450 and even retested the $4,250 support zone.
The 4-hour chart of XAU/USD indicates that the price settled well below $4,450, the 100 Simple Moving Average (red, 4 hours), and the 200 Simple Moving Average (green, 4 hours). On the upside, immediate resistance could be $4,350 and the 23.6% Fib retracement level of the downward move from the $4,510 swing high to the $4,253 low.
There is also a bearish trend line forming with resistance at $4,355. The next major resistance might be $4,380 and the 200 Simple Moving Average (green, 4 hours).
A clear move above $4,380 could open the door for more upside. In the stated case, the bulls could aim for a move toward $4,450 and the 100 Simple Moving Average (red, 4 hours).
Any more gains might send the price toward the $4,500 level. If there is a fresh decline, the price could test $4,220. The first major support sits at $4,200. The next support could be $4,165, below which the price might slide to $4,120. The main support sits at $4,000.
Looking at WTI Crude Oil, the price remained in a positive zone, and the bulls might aim for a larger move to test $110.00.
Economic Releases to Watch Today
UK Consumer Price Index for Aug 2026 (YoY) – Forecast +3.1%, versus +2.9% previous. UK Core Consumer Price Index for Aug 2026 (YoY) – Forecast +2.7%, versus +2.6% previous. Fed Interest Rate Decision – Forecast 4.0%, versus 3.75% previous. Fed Monetary Policy Statement.
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Spot gold daily chart shows larger trend structure. Source: TradingView Having said that, a deeper test remains possible, with potential support near the lower swing high of $4,203 potentially being reached before the current bearish retracement completes. It defines another prior resistance level that may yet be tested as support before the current decline is complete. There is also the 78.6% Fibonacci retracement at $4,146 that may be tested as well. Consequently, a sustained decline below that retracement zone would lower the potential for a recovery and increase the risk of a decline below the July low of $3,942.
Bearish Pressure Meets a Developing Decision Point The recent failure to sustain a rise above both the downtrend line and the 200-day moving average, followed by weakness, shows that the broader bearish trend continues to exert its influence. Until there is another recovery and additional signs of strength to counter the bearish implications, gold remains under pressure and at risk of further downside.
In addition to remaining below those two trend indicators, it is also below the long-term uptrend line and short-term rising trendline. However, those three lines are now beginning to converge, suggesting that the current period of pressure may be approaching an important decision point. A successful hold of the current support zone followed by renewed strength could therefore provide the first indication that momentum is beginning to turn, while a breakdown would reinforce the bearish outlook.
Gold Price Forecast: XAU/USD Levels to Watch After the Fed Decision Hawkish Fed Hike: Gold Could Fall Toward $4,250 Because gold pays no yield, higher interest rates increase the opportunity cost of holding it. A confirmed rate hike and hawkish guidance would raise real yields and strengthen the U.S. dollar, making gold more expensive for holders of other currencies, thereby pushing XAUUSD lower. The updated Summary of Economic Projections and Chair Warsh’s press conference will determine the trend. If the dot plot signals further rate increases in December or beyond, gold could fall towards $4,250. However, the ongoing geopolitical tensions in the Persian Gulf and elsewhere will provide buying support on dips and limit the losses.
Dovish Fed Hike: XAU/USD Could Rebound Toward $4,400-$4,450 If the Fed hikes by 25 basis points but delivers a dovish message, gold could experience a ‘buy the fact’ rally. If Warsh frames the hike as a limited adjustment and signals a pause, pressure on gold would ease. Yields could fall, and the dollar could drop, sending XAUUSD towards $4,400–4,450.
Fed Hold Scenario: Gold Could Rally Above $4,500 If the Fed unexpectedly holds rates, gold could rally sharply as the dollar weakens and Treasury yields drop.Holding rates is the least likely decision. Markets will almost certainly interpret it as a response to political pressure, and it will hurt the Fed’s credibility. Inflation expectations will rise, boosting the appeal of gold as a macro hedge and providing structural bullish support. Under this scenario, XAUUSD may ultimately rally above $4,500.
Bitcoin Price Forecast: BTC/USD Scenarios Around the Fed Decision Traditionally, BTCUSD trades in close correlation with technology stocks and other risk-sensitive assets. When the Fed increases interest rates, it effectively reduces liquidity by making cash and short-term bonds more attractive. Additionally, higher rates also strengthen the U.S. dollar, which naturally exerts downward pressure on Bitcoin because the BTCUSD pair is priced in greenbacks. Therefore, a sustained tightening signal from the Fed would create a persistent obstacle for digital assets.
Hawkish Fed Outlook: Bitcoin Could Test $75,000-$76,000 Under the base case scenario, traders should expect the Bitcoin price to decline, especially if the updated dot plot signals further rate increases in December and Chair Warsh delivers a hawkish press conference. Specifically, Bitcoin might test the support zone between $76,000 and $75,000 as bond yields rise and the dollar strengthens. If the Fed suggests that its decision is the start of a prolonged hiking cycle, crypto markets may experience broader selling pressure, and Bitcoin may drop towards $73,300.
Dovish Fed Signal: BTC Could Rebound Toward $79,500-$82,000 Under Scenario 2, in which the Fed delivers a limited rate increase and signals a pause in future hikes, Bitcoin may experience a sharp relief rally. If Chair Warsh describes the hike as a minor adjustment to manage energy-driven inflation, bond yields should fall, easing overall financial conditions. Under this outcome, Bitcoin could rise towards $79,500–82,000. Indeed, weak aggregate demand gives the Fed a good reason to sound cautious. The University of Michigan’s Surveys of Consumers said its Consumer Sentiment Index dropped to 47.8 in September, and diesel prices have hit depressing levels, hurting consumers’ morale. Markets would read the Fed’s caution as dovish and supportive for risk.
Fed Hold Scenario: Bitcoin Could Rally Toward $82,000-$84,000 A decision to keep rates unchanged would trigger a strong rally towards $82,000–84,000. Fed credibility will suffer, and Bitcoin would benefit not only from increased liquidity but also from renewed interest in non-sovereign assets. However, rising long-term inflation expectations might create price uncertainty in Q4 and leave the rally on shaky ground.
EUR/USD Forecast: Fed Guidance and Rate Differentials in Focus Hawkish Fed Guidance: EUR/USD Risks 1.1480 and Below The EURUSD exchange rate depends heavily on the relative gap in policy paths between the Fed and the European Central Bank (ECB). One-month EURUSD forward points are currently near 13.6–13.8 pips, which highlights a clear carry disadvantage for holding euros against dollars. A Fed rate hike would widen this interest rate differential further, supporting the dollar. However, because investors already overwhelmingly anticipate a 25-bps hike, it will be the economic projections and press conference that will determine the pair’s direction. Under the base case scenario, traders should expect EURUSD to drop towards 1.1480 as the rate gap widens. Signal projections of multiple additional hikes in 2026 could push the pair below 1.1450. The size of the move will depend on how hawkish the guidance is. In addition, an expected Bank of Japan rate hike on Friday could cause yen carry trade unwinds, adding further selling pressure on the euro.
Dovish Fed Pause Signal: EUR/USD Could Recover Toward 1.1645 If the Fed signals a pause after one rate increase, U.S. yields would drop, narrowing the rate gap. In this scenario, EURUSD could bounce back towards the 1.1600–1.1645 range.
Fed Hold Scenario: EUR/USD Could Jump Toward 1.1700 If the Fed holds rates, EURUSD could rally sharply, perhaps by as much as 100–150 pips, towards 1.1650–1.1700. A decision to keep rates unchanged would lower short-term yields in the U.S., broadly weaken the greenback, and raise questions about Fed independence and inflation-control credibility. Over the medium term, a hold could still hurt the euro if it lifts U.S. inflation expectations, but the immediate knee-jerk reaction will be very bullish.
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TL;DR: Silver’s $60 floor should hold unless gold breaks first. A structural physical-market deficit gives the $60–60.44 zone real backing, but the most credible path to a break runs through a hawkish Fed SEP, gold losing its $4,230–4,254 support, and the Gold/Silver ratio magnifying the fallout.
Silver Approaches a Defensible Floor Silver’s $60 floor should hold unless gold breaks first. With silver trading in the low $62s, the psychological threshold is reinforced by a technical projection at $60.44. Continued selling could bring that zone into view, but a decisive break probably requires more than ordinary downward drift. The most credible route runs through a hawkish Federal Reserve outcome, higher real yields, and a corresponding breakdown in gold.
The physical market provides structural support for that base case. According to the Silver Institute’s World Silver Survey 2026, the market recorded its fifth consecutive annual deficit in 2025, at 40.3 million ounces, while a wider 46.3 million-ounce deficit is forecast for 2026. Above-ground inventories have fallen by a cumulative 762.1 million ounces since 2021.
Those deficits don’t prevent a short-term decline or guarantee any particular technical level will hold. They do, however, strengthen the downside asymmetry. Mine supply is relatively unresponsive because most silver is produced as a byproduct of gold, copper, and zinc mining. Industrial demand from electronics and solar manufacturing is also unlikely to change abruptly in response to short-term price movements. That gives the $60–60.44 zone more fundamental backing than a purely arbitrary round number.
The Fed Is the Cause, but Gold Is the Trigger Wednesday’s expected rate increase isn’t the central risk. A hike is already priced at roughly 90% across major market venues, making the decision itself largely a confirmation event. The more important question is whether the Federal Reserve’s Summary of Economic Projections shows officials expect tightening to continue after September.
The June projections placed the median year-end rate at 3.8%, consistent with approximately one increase during 2026. Nine of the 18 officials submitting projections expected at least one hike. Federal Reserve Chair Kevin Warsh is expected to withhold his individual projection again, leaving the remaining participation count important when interpreting any change in the median.
A median above the new 3.75–4.00% target range would indicate the committee itself expects another move in October or December. Three officials dissented in favor of tightening in July, up from two in June, keeping the possibility of a higher median firmly in play. The Reuters survey reversal reinforces the change in the market backdrop: 85% of respondents now expect a September hike, while 53% expect at least one further increase by the end of March 2027.
For silver, however, the immediate transmission point isn’t the dot plot by itself. It’s gold’s $4,230–4,254 support zone.
ActionForex’s Technical View on Gold: Already at Its Decision Zone Gold is trading near $4,267, only around $13 above the first important support at $4,254.53. That level represents the 61.8% projection of the decline from $4,697.07 to $4,282.23, projected from $4,510.90. Slightly below it, the 61.8% retracement of the rise from $3,942.43 to $4,697.07 stands at $4,230.70.
This creates a genuine support zone rather than two versions of the same calculation. If a hawkish SEP drives gold decisively through $4,230, the decline would be positioned to accelerate toward the 100% projection at $4,096.06. Silver would then face a direct correlation shock at precisely the point when its own $60 support is coming into reach.
Gold’s four-hour momentum doesn’t yet show an accelerating collapse. RSI stands at 35.87, leaving further downside before oversold conditions emerge, while MACD remains below its signal line without a visibly widening gap. The pattern is therefore one of persistent pressure rather than capitulation. On the upside, the falling 55-period EMA around $4,377 and fixed resistance at $4,402.51 should now be treated as separate barriers rather than a single confluence zone.
The Dollar Index provides a secondary confirmation signal. A decisive break above the 99.79–99.86 resistance zone would complete its double-bottom formation and open the way toward 100.56. A subsequent break above 100.56 would reinforce the case for gold to lose support, although gold doesn’t necessarily have to wait for the Dollar to reach that level. The current pressure may already be arriving directly through Treasury yields and real rates.
Oil Determines How Far the Chain Runs Oil is best understood as a variable within the same Fed-and-yields mechanism, not as an independent silver catalyst. BMO Capital Markets calculated that the one-month rolling correlation between WTI and the US 10-year Treasury yield had climbed to 0.96, its highest since June 2019. Under current conditions, higher oil prices are feeding directly into inflation expectations, rate pricing, and financial conditions.
Further geopolitical escalation, a continued closure of Saudi Arabia’s East-West pipeline, or another disruption around the Strait of Hormuz would strengthen the case for additional Fed tightening. That would place more pressure on gold’s support and raise the probability of silver falling through $60.
The relationship can also work in reverse. Genuine de-escalation would reduce energy-driven inflation pressure and allow real yields to ease, reinforcing support for precious metals. The unusually strong oil-yield correlation is based on a relatively short window and could weaken quickly if markets begin emphasizing growth risks rather than inflation risks. Oil therefore determines how forcefully the chain operates, but it can cut in either direction.
The Gold/Silver Ratio Signals Greater Silver Sensitivity The Gold/Silver ratio has broken above its descending channel, rallied to 68.635, and pulled back to test the former upper trendline around 67.641. It’s currently holding above that line near 67.95, while also remaining above its four-hour 55-period EMA around 67.16.
Momentum has stabilized rather than reversed. MACD is marginally above its signal line, while RSI has cooled to 58.27 without falling below 50. The breakout has therefore passed its first retest, although the confirmation isn’t yet decisive.
This ratio doesn’t provide the initial catalyst for silver to break $60. Instead, it describes the likely magnitude of silver’s response if gold loses support. A sustained rise in the ratio would indicate silver is continuing to underperform gold, allowing a moderate gold decline to produce a larger percentage fall in silver.
AI Demand Is Not a Near-Term Breakdown Trigger Concerns about slower AI development don’t currently provide a convincing industrial-demand case for silver to fall below $60. Copper, which has a more direct connection to data-center investment, hasn’t shown a clear demand-driven response to this week’s AI debate. Its outsized decline has instead been linked to the delayed US decision on refined-copper tariffs and the unwinding of a crowded stockpiling trade.
A sustained, multi-quarter reduction in hyperscaler capital expenditure would eventually matter for industrial metals. An AI-sentiment wobble or open letter doesn’t establish such a shift.
There’s an important distinction between AI-related industrial demand and AI-related risk aversion. The former isn’t yet a credible silver catalyst. The latter could matter indirectly if a broader equity selloff generates demand for the Dollar and pushes real yields higher. Even then, the transmission would still run through financial conditions rather than an immediate reassessment of silver consumption.
ActionForex’s Technical View on Silver Silver’s decline from $71.1610 remains in progress on the four-hour chart. The 100% projection of the fall from $71.1610 to $63.2792, measured from $68.3220, lands at $60.4402. Its proximity to the $60 psychological threshold makes $60.00–60.44 the principal near-term support zone.
Four-hour RSI at 37.77 and daily RSI at 43.94 show silver is weakening without reaching a clear technical extreme. Price is also below the daily 55-day EMA near $64.89 and the four-hour 55-period EMA near $65.16, leaving the immediate bias on the downside.
An initial recovery above the recent $63.28 area would suggest selling pressure is stabilizing. Stronger rebound confirmation would require a break through the moving-average cluster between $64.89 and $65.16, followed by resistance near $65.27. Until that happens, a test of $60–60.44 remains possible even if the zone ultimately holds.
A decisive break below $60.00–60.44 would invalidate the near-term-floor thesis. But the chart suggests such a move would most credibly follow a specific sequence: a hawkish SEP lifts real yields, gold breaks $4,230–4,254, and the rising Gold/Silver ratio magnifies silver’s decline.
A Conditional Floor, Not a Guarantee The hierarchy is straightforward. The SEP and gold’s $4,230–4,254 support zone provide the principal mechanism. Oil determines how forcefully that mechanism operates. The Gold/Silver ratio indicates how much silver could underperform if it fires. AI-related industrial-demand concerns aren’t currently strong enough to break the floor independently.
Absent that chain, $60–60.44 remains a reasonable base for silver. It’s not a guarantee the correction has ended. It’s a conditional floor whose failure requires identifiable confirmation—beginning with gold.
Key Takeaways Silver’s fifth consecutive annual physical deficit (40.3M oz in 2025, 46.3M forecast for 2026) gives the $60-60.44 zone genuine structural backing, not just a round-number floor. Wednesday’s Fed hike is already priced at roughly 90%; the real risk to silver is whether the SEP median rises above 3.75-4.00%, signaling more tightening beyond September. Gold sits just $13 above its first key support at $4,254.53, with $4,230.70 as the deeper level; a break there would be the direct transmission point into silver. The WTI-10-year yield correlation has climbed to 0.96, its highest since June 2019, meaning oil now determines how forcefully the Fed-yields-gold-silver chain operates. The Gold/Silver ratio’s breakout above its descending channel suggests silver would underperform disproportionately if gold’s support breaks, though AI-related demand fears aren’t yet a credible standalone trigger.
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For now, the bond market is the more important concern for precious metals. The U.S. Benchmark 10-year yield crossed the 5% mark for the first time since October 2023, making the opportunity cost of holding Gold higher. With markets less concerned about the Fed hiking and more concerned about what Chair Kevin Warsh indicated, a more forward guidance indication that Wednesday starts a broader rate hike cycle will be a greater fundamental headwind.
Counter to the above, geopolitical fluctuations continue to be more supportive. A repeat of weekend attacks by Iran-aligned Houthis on Saudi Arabia has continued to create disruptions to Middle East energy supplies, making the defensive assets needed more supportive. While the resulting inflation has increased the case for tighter Fed policies, the need for Middle East defensive assets remains.
Silver shares the rate-and-yield stress that plagues gold. The combined impact of industry and worrying longer-term manufacturing and investment demand erosion from elevated borrowing costs may intensify the impact of industrial demand. Fortunately, the physically tight market serves as a supportive anchor.
Fundamental bias: Gold neutral-to-bearish, Silver neutral-to-bearish, with Wednesday’s Fed guidance being more significant than the expected rate hike.
Gold Technical Analysis: XAU/USD Holds $4,283 Support as $4,316 Resistance Caps the Recovery
Gold.com (GOLD - Free Report) ended the recent trading session at $47.32, demonstrating a -1.87% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.56%.
Shares of the precious metals trading company witnessed a gain of 9.59% over the previous month, beating the performance of the Finance sector with its loss of 0.73%, and the S&P 500's loss of 0.82%.
Market participants will be closely following the financial results of Gold.com in its upcoming release. The company's upcoming EPS is projected at $0.88, signifying a 340.00% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.37 billion, indicating a 45.93% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.73 per share and a revenue of $22.37 billion, signifying shifts of -27.29% and -12.31%, respectively, from the last year.
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The interest rate situation continues to be one that is very conducive to potential selling of non-yielding assets such as gold.
Energy Inflation As traders are trying to price in inflation from an energy standpoint, the Federal Reserve has an interest rate decision and press conference on Wednesday that will almost certainly have an influence on this market. So, in the next day or two, it could be a bit quiet with more of a sideways tilt. We’ll just have to wait and see.
Either way, this is a market that does not look overly bullish. In fact, we could even make an argument for a little bit of a head-and-shoulders pattern. If that were to break down, basically right around the $4,325 level, that could technically, at least, be a very bad sign.
Just as a bounce from here could be a good sign, in the sense that we could be looking at more continuation of the overall grind sideways. Gold, I suspect, will probably be watching the Federal Reserve very closely on Wednesday, and of course, bond yields in America, as we are trying to price in energy inflation, thereby driving yields higher.
Gold is trading near 4,348 USD per troy ounce early on Monday. The precious metal has now closed lower for three consecutive weeks.
Investors are assessing the latest US inflation data ahead of this week’s Federal Reserve meeting. Headline inflation held steady at 3.4% year-on-year in August, in line with expectations, while CPI rose 0.4% month-on-month, marking its fastest increase in three months.
Core inflation rose 0.3% month-on-month, its strongest increase since April and above the 0.2% forecast. At the same time, annual core inflation slowed to 2.4%, its lowest level since March 2021.
Earlier, producer price data also pointed to accelerating inflationary pressures, driven in part by higher energy costs amid the conflict with Iran. Meanwhile, labour market data indicated that employment conditions remain relatively stable.
After the CPI release, markets raised expectations of tighter Federal Reserve policy. The probability of a 25-basis-point rate hike this week is now estimated at around 90%, up from about 70% before the inflation data were released.
This shift in rate expectations remains a bearish factor for gold, as higher interest rates increase the opportunity cost of holding the non-yielding precious metal.
XAU/USD Technical Analysis
On the H4 XAU/USD chart, the market formed a consolidation range around 4,331. A downward move towards 4,292 and a subsequent rebound towards 4,400 have now been completed.
Today, a new downward move is developing towards 4,300. A break below this level could open the way for the bearish trend to continue towards 4,215.
The MACD indicator supports continued short-term downward momentum. Its signal line remains below zero and points firmly downward.
On the H1 XAU/USD chart, the market broke below 4,355 and completed a downward move towards 4,322. A consolidation range around 4,355 has now largely formed.
A downside breakout from this range could lead to a decline towards 4,300, with the broader bearish trend potentially extending towards 4,215.
The Stochastic oscillator supports this scenario. Its signal line remains below 50 and points sharply downwards towards 20, indicating continued short-term downside pressure.
XAU/USD Outlook Gold remains under pressure ahead of the Federal Reserve meeting as stronger-than-expected inflation data have reinforced expectations of another rate hike.
From a technical perspective, the bearish scenario remains dominant. The immediate target is a decline towards 4,300, while a confirmed break below this level could extend the move towards 4,215.
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Higher US interest rates complicate the gold price forecast, but UBS still projects a recovery to $4,600 by December.
UBS's $5,400 gold price forecast for September 2027 implies a gain of around 24% from Friday's close, even though the bank expects two Federal Reserve rate increases this year.
Gold rose 0.75% to $4,347 an ounce on Friday but lost 1.8% over the week.
Image: Gold price vs USD 1-month chart
The US inflation release added to the pressure for tighter policy, with monthly core price growth accelerating to 0.3% in August from 0.2% in July.
"We now expect the Fed to raise rates twice in 2026, increasing the opportunity cost of holding gold, which does not generate income," UBS said on 7 September, before the inflation figures arrived.
Its 10 September forecasts put gold at $4,600 in December 2026, followed by $5,000 in March 2027 and $5,200 in June.
Image: Graph showing gold prices over 2026
The demand behind UBS's gold forecast
UBS has retained its longer-term view through the pullback: "We view gold as a strategic portfolio hedge and diversifier, rather than as a tactical expression of the next Fed decision."
"Central bank demand remains robust, supported by reserve diversification and a long-term desire to reduce exposure to US dollar assets," it said.
Private investment strengthened in August too, with $18bn flowing into gold-backed exchange-traded funds and holdings reaching a record 4,189 tonnes, World Gold Council figures show.
Those figures do not yet establish whether ETF buying continued through September's decline.
For UBS, the appeal of protection against inflation and political risks could offset some of the pressure from higher yields.
"The effect of higher real rates and a stronger US dollar may be offset should inflation, geopolitical uncertainty, or concerns about fiscal and monetary credibility persist."
Reaching $5,400 would recover much of this year's lost ground, though it would still leave gold below its $5,594 high.
Exchange Rates UK Research
Our currency coverage draws on live market data, official economic releases and published bank research.
Spot gold weekly chart shows inside week consolidation at 50-week moving average resistance. Source: TradingView Confluence Points to Potential Momentum Surge Friday’s low could result in a second bottom of a potential double bottom reversal pattern and complete the first significant pullback since a bullish reversal from the recent bottom began in early-August. Of more immediate interest is the tight consolidation range that has formed at the intersection of several trendlines that are expected to converge by next Wednesday. This confluence of trendlines also reflects consolidation and a narrowing range, which could be a prelude to a momentum surge.
On the weekly chart, the consolidation is reflected as an inside week. This week’s high of $4,443 is below last week’s high and the low for this week is at $4,292, which is above last week’s low. That range provides key resistance at $4,443 and support at $4,292, respectively. Since gold remains in a relatively significant consolidation, as reflected on the weekly chart, a decisive breakout through either end of the range could lead to further movement in that direction.
$4,443 Breakout Could Confirm Second Leg Since a key support zone has held so far, with the 50-day moving average near $4,269 defining a lower support boundary, there is the potential for a second leg up from the bottom. The first leg up showed signs of a reversal of the prior downtrend, while a second leg up would further confirm those bullish signals and increase the potential for a continuation of the developing advance. A decisive move above $4,443 would provide an early signal that this second leg may be beginning, while a breakdown below $4,282 would weaken that bullish setup.
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On September 10, 2026, Gold.com Inc GOLD shares fell 7.0% to $45.88, marking a significant drop amidst a 52-week range that has seen a high of $66.70 and a low of $23.00. This decline follows a strong year-to-date performance of 35.9% and an impressive 94.0% increase over the past year.
GF Value™ verdict: Current price $45.88 vs GF Value $57.26, implying a 19.9% undervaluation. GF Score™ of 75/100 indicates above-average performance across key metrics. Notable insider activity shows $35.8M in buying against $51.6M in selling over the past 12 months. Is GOLD Overvalued or Undervalued? The current market price of Gold.com Inc GOLD at $45.88 is significantly below the GF Value™ estimate of $57.26, suggesting that the stock is undervalued by approximately 19.9%. This valuation gap presents a potential opportunity for investors, provided they consider the inherent risks associated with investing in a stock with fluctuating insider sentiment and market volatility. The GF Valuation label categorizes GOLD as "Modestly Undervalued," reinforcing the notion that the stock may offer a margin of safety for value-conscious investors.
GF Value™ is GuruFocus' proprietary intrinsic-value estimate, which is derived from a comprehensive analysis of historical trading multiples, past business growth, and future performance forecasts. In this case, the valuation suggests that Gold.com Inc could be a compelling investment, although prospective buyers should remain cautious due to recent insider selling activity that could indicate waning confidence among company executives.
How Does GOLD's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 15.9x 6.7x Forward P/E 14.8x N/A The current P/E ratio of 15.9x is 136% above its 5-year median of 6.7x, indicating that the stock is trading at a premium relative to its historical valuation. This analysis aligns with the GF Value™ verdict, suggesting that despite the undervaluation indicated by GF Value™, the stock's current P/E may reflect a level of high expectations or speculative interest, which could introduce additional risk for potential investors.
What Does GOLD's GF Score™ Tell Us? The GF Score™ is a composite metric that evaluates a company's performance across several key areas, helping investors understand the overall financial health and growth potential of a stock. Gold.com Inc's GF Score™ stands at 75/100, with notable strengths in its Valuation Rank and Financial Strength.
Metric Rating GF Score™ 75/100 Financial Strength 8/10 Profitability 7/10 Growth 3/10 Valuation 10/10 Momentum 6/10 The strongest area for GOLD is its Valuation Rank at 10/10, indicating that the stock is compellingly priced relative to its intrinsic value. However, the growth rank of 3/10 suggests that the company may face challenges in expanding its revenue and profits at a higher rate, which could temper long-term expectations.
What Are Gurus and Insiders Doing with GOLD? Currently, no investment gurus hold Gold.com Inc GOLD, and there have been four instances of trimming positions in recent quarters. This lack of guru support may suggest a cautious sentiment surrounding the stock. Insider activity has also been notable, with a net selling of $15.8M after insiders purchased $35.8M and sold $51.6M over the past year. This pattern of net selling could indicate a lack of confidence among insiders about the company’s short-term prospects, which investors should consider when evaluating their investment thesis.
What This Means for Investors Given the current price of $45.88 compared to the GF Value™ of $57.26, Gold.com Inc appears to be undervalued, offering a margin of safety for potential investors. However, the significant insider selling and lack of guru support introduce caution that may warrant a more thorough investigation into the company's fundamentals and future growth prospects. For more detailed insights, visit the Gold.com Inc GOLD stock page.
Frequently Asked Questions What is GOLD's GF Score™?
GOLD's GF Score™ is 75/100, indicating above-average performance across key financial metrics, suggesting a solid financial position.
Is GOLD overvalued or undervalued?
According to the GF Value™, GOLD is currently undervalued with a potential upside of 19.9% based on its fair value assessment.
What is GOLD's P/E ratio?
Gold.com Inc has a P/E ratio of 15.9x, which is significantly above its 5-year median of 6.7x, indicating that the stock is currently trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Spot gold daily chart shows larger trend structure. Source: TradingView August Breakout Faces Its First Major Test A sharp bullish reversal signal triggered above the 50-day moving average on August 5, followed by additional signs of strength and a sharp 15% rally to a high of $4,697 in late-August. The rally measured from the closing price on the day before the breakout to the late-August high. The larger pattern unfolding since then is a pullback to test prior resistance as support, first at the 50-day moving average and then potentially at the lower swing high of $4,203 from early-July, which was previously key resistance. Signs of support and improving demand at these levels would further validate the bullish reversal signal from early August.
Converging Signals Could Set Up Next Move Gold is sitting in a narrowing range between support near the 50-day moving average and resistance at the 200-day moving average, now near $4,539. The current decline is the first test of the 50-day moving average as support since it was reclaimed in the August rally. Such a test is a normal and potentially healthy process for the developing uptrend, provided support holds. The narrowing distance between the two moving averages is constructive during consolidation, showing a contraction of the price range as potential demand builds.
This setup is particularly notable because the moving averages are converging along with a tight nine-day consolidation range at the intersection of two long-term trendlines, one rising and one falling, as well as the short-term uptrend line. A successful hold of support in this increasingly compressed structure would strengthen the case for the uptrend to resume.
Gold (XAU/USD) edges lower on Thursday after failing to find acceptance above $4,400, with Oil prices nearing the key $100 level and global yields rallying ahead of a string of monetary policy decisions from most of the world’s major central banks.
A weak US Dollar, on the other hand, is keeping the precious metal within the last 10 days’ trading range, while analysts at TD Securities see scope for further Gold appreciation, with the “precious metal landscape still broadly supported by the renewed Dollar-debasement theme, elevated central bank buying and renewed ETF accumulation.”
In this context, the TH Securities expert argues that even if the Fed adopts a more hawkish stance, it is likely to “only postpone the timing of the next leg higher rather than catalyze material downside” for gold and the broader precious metals complex.
Technical Analysis: Hovering above key support around $4,300
The technical picture, however, shows XAU/USD consolidating recent losses just under the 200-day simple moving average (SMA) at $4,538.25, leaving the near-term tone capped, with momentum indicators in the daily chart showing a neutral-to-bearish trend. The Relative Strength Index (14) hovers around the 50 midline, and the Moving Average Convergence Divergence (MACD) remains below zero in line with a depressed histogram.
Upside attempts remain capped below Tuesday's and Wednesday's highs near $4,440, ahead of last week's highs around $4,500 and the mentioned 200-day SMA, now at $4,538.
Bearish attempts, on the contrary, are expected to be tested at the intraweek lows in the mid-$4,300s, which, so far, are closing the path towards the area between $4,311 and $4,282, the August 14 and September 2 lows, respectively, which is the neckline of a bearish Head & Shoulders (H&S) pattern.
(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.
, /PRNewswire/ -- Falcon Gold Corp. (TSXV: FG) (FSE: 3FA) (OTC-Pink: FGLDF) ("Falcon" or the "Company") is pleased to announce that it has commenced field exploration at its West Hammond Contact Property in northwestern Ontario, advancing the Company's strategy of assembling and evaluating prospective gold exploration opportunities within the Atikokan–Hammond Reef Gold District.
Image 1. West Hammond Contact Property in relation to Agnico Eagles’s Hammond Reef The West Hammond program represents the next step in Falcon's effort to build a district-scale exploration portfolio around its Central Canada Gold Project. The Company is focused on identifying prospective satellite targets and additional gold-bearing systems within the broader regional geological setting.
"Falcon is strategically positioned in an emerging gold district anchored by the Hammond Reef deposit, one of Canada's significant undeveloped gold deposits," said Karim Rayani, Chief Executive Officer of Falcon Gold. "Our strategy is to acquire prospective ground in established gold-bearing districts, evaluate historical occurrences and structural targets, and systematically advance opportunities that may have been overlooked. West Hammond is an important part of that strategy, and we are pleased to begin evaluating the property on the ground."
A District with a Long Mining History
The Atikokan–Hammond Reef district has a history of gold exploration and development extending back more than a century. Gold was discovered at Hammond Reef in 1895, followed by early underground development and subsequent exploration by several major and junior mining companies. The project was later advanced through extensive drilling and technical studies by Brett Resources and Osisko before becoming part of Agnico Eagle's portfolio. According to Agnico Eagle's public disclosure, Hammond Reef hosts approximately 3.3 million ounces of probable gold reserves and an additional 2.3 million ounces of measured and indicated gold resources as of December 31, 2025.1 The project has received federal and provincial environmental approvals, although additional permits and a development decision would be required before construction.
Falcon believes the scale and history of Hammond Reef demonstrate the significance of the broader district and support continued exploration for additional gold-bearing systems. Mineralization at Hammond Reef is not necessarily indicative of mineralization on Falcon's properties.
West Hammond Exploration
The West Hammond Contact Property comprises 156 mining claims covering approximately 3,068 hectares. The property is situated within the prospective Finlayson Greenstone Belt and associated regional structural corridors, including interpreted extensions of the Marmion Shear Zone.
Historical exploration has identified gold occurrences, geochemical anomalies and favourable geological contacts across the property. Falcon's initial field program will focus on prospecting and geological evaluation of priority areas, with the objective of refining targets for follow-up exploration.
"Rather than relying on a single project, we are building a portfolio of prospective exploration opportunities within a district that has already demonstrated its ability to host significant gold mineralization," added Rayani. "Our approach is to acquire strategically located ground, apply disciplined exploration and advance the most compelling targets as the geological picture develops."
The Company looks forward to providing an update in the coming weeks following completion of the sampling program and the definition of priority targets for follow-up exploration.
Qualified Person
The Technical content of this news release has been reviewed and approved by Mike Kilbourne, P. Geo., a Qualified Person as defined by the National Instrument 43-101- Standards of Disclosure for Mineral Projects, who is independent of and at arm's length to Falcon Gold Corp.
References
Agnico Eagle Mines Limited, "Hammond Reef," Operations & Projects.
https://www.agnicoeagle.com/English/operations-and-projects/exploration-projects/hammond-reef/default.aspx Information concerning the Hammond Reef Project has been obtained from publicly available information and has not been independently verified by Falcon Gold Corp. Mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on Falcon Gold Corp.'s properties.
ON BEHALF OF THE BOARD OF DIRECTORS
FALCON GOLD CORP.
About Falcon Gold Corp.
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.
The gold price’s recovery alongside rising inflation expectations has SEB watching for a shift away from the US Dollar and towards hard assets. The gold price in US Dollars climbed back above $4,400 on Thursday, extending Wednesday’s recovery as SEB pointed to renewed interest in protecting wealth against a loss of purchasing power in the Dollar.
At the time of writing, XAU/USD was up 0.70% at $4,424.68, following a 0.97% gain in the previous session.
Analysts at SEB see gold’s strength as part of a wider change in investor behaviour.
“However, it is time to start tracking a broader Dollar debasement narrative. This was a theme in early 2026 and looking at variables such as gold, Bitcoin and implied inflation, they are all rising and would arguably be indicative of a switch to real assets away from the Dollar.”
The bank links this risk to a more interventionist US Treasury, arguing that efforts to restrain borrowing costs through bond buybacks can lift inflation expectations and weaken confidence in the currency.
The US ten-year breakeven inflation rate, a market measure of expected inflation, stood at 2.37% on Wednesday, up from 2.35% late last week.
Higher yields do not tell the whole story Analysts at SEB nevertheless caution against treating rising US Treasury yields as proof that investors are abandoning US government debt.
“Fiscal sustainability concerns as a driver of rates and USD look overblown.”
Its analysis finds that bond pricing does not yet support that conclusion, even as intervention risks strengthen the argument for holding assets outside the Dollar.
That complements UBS’s preference for buying gold on weakness, which rests partly on demand for diversification despite higher real yields.
Image: Gold price vs USD year-to-date 2026 chart At Exchange Rates UK Research we think gold can retain that support even with interest rates elevated, provided concerns about the Dollar’s purchasing power continue to attract buyers.
The immediate test is tomorrow's US consumer-price report.
A strong reading could lift rate-hike expectations and inflation-adjusted yields, increasing the cost of holding gold and testing whether demand for protection against debasement can outweigh that pressure.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
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Gold prices rose in Philippines on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 8,860.01 Philippine Pesos (PHP) per gram, up compared with the PHP 8,846.75 it cost on Wednesday.
The price for Gold increased to PHP 103,340.70 per tola from PHP 103,186.70 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,860.01
10 Grams
88,599.33
Tola
103,340.70
Troy Ounce
275,577.40
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 Thursday, according to data compiled by FXStreet.
The price for Gold stood at 532.39 Saudi Riyals (SAR) per gram, up compared with the SAR 531.39 it cost on Wednesday.
The price for Gold increased to SAR 6,209.49 per tola from SAR 6,197.99 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
532.39
10 Grams
5,323.61
Tola
6,209.49
Troy Ounce
16,559.20
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 United Arab Emirates on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 520.78 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 519.70 it cost on Wednesday.
The price for Gold increased to AED 6,074.15 per tola from AED 6,061.65 per tola a day earlier.
Unit measure
Gold Price in AED
1 Gram
520.78
10 Grams
5,207.70
Tola
6,074.15
Troy Ounce
16,198.15
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) 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 Thursday, according to data compiled by FXStreet.
The price for Gold stood at 39,278.02 Pakistani Rupees (PKR) per gram, up compared with the PKR 39,235.58 it cost on Wednesday.
The price for Gold increased to PKR 458,127.50 per tola from PKR 457,636.20 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
39,278.02
10 Grams
392,778.40
Tola
458,127.50
Troy Ounce
1,221,688.00
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 Malaysia on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 576.22 Malaysian Ringgits (MYR) per gram, up compared with the MYR 574.89 it cost on Wednesday.
The price for Gold increased to MYR 6,720.78 per tola from MYR 6,705.37 per tola a day earlier.
Unit measure
Gold Price in MYR
1 Gram
576.22
10 Grams
5,762.07
Tola
6,720.78
Troy Ounce
17,920.42
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) 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 Thursday, according to data compiled by FXStreet.
The price for Gold stood at 13,509.58 Indian Rupees (INR) per gram, up compared with the INR 13,480.30 it cost on Wednesday.
The price for Gold increased to INR 157,573.10 per tola from INR 157,231.60 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
13,509.58
10 Grams
135,095.80
Tola
157,573.10
Troy Ounce
420,195.20
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.)
Spot gold daily chart shows larger trend structure. Source: TradgingView Breakout Levels Come into Focus A new higher swing low will be established if there is a decisive breakout above Wednesday’s high of $4,434. That would also trigger another breakout above the downtrend line and possibly a reclaim of the 20-day moving average, near $4,460. Last Thursday’s lower swing high of $4,511 provides an initial target from structure. If that level is reached after the downtrend line is recovered and the 20-day moving average, near $4,460, is reclaimed, it would likely be surpassed on the way to a test of resistance at the 200-day moving average near $4,439. However, because the 200-day moving average is below $4,511, it would represent an earlier resistance level on the advance.
Rising ABCD Pattern Extends Upside Potential Since gold has been consolidating in a small range near key trend support and resistance indicators, the potential for a sharp move out of consolidation exists. This keeps the nearby $4,341 low and $4,434 high particularly important in the short-term. The larger short-term pattern unfolding is of a rising ABCD pattern. An initial 100% projection from the pattern suggests a minimum upside target around $4,984.
That level correlates with the 61.8% Fibonacci retracement of the full recent bearish correction, at $4,966, adding further significance as both a target and potential resistance zone. Therefore, while a break below support could trigger a deeper pullback, a decisive breakout above nearby resistance would reinforce the bullish structure and keep the larger upside target in focus.
Furthermore, we also have to keep in mind that there are several central banks in play and could be raising rates. We’ll just have to wait and see. There is a pushback on the side of the safety bid. There is some of that, and that does help gold.
Longer Term, I Am Bullish on Gold Longer term, I am bullish on gold, but I also recognize that right now we have the European Central Bank decision on Thursday, PPI on Thursday, CPI on Friday coming out of the United States, and the Federal Reserve on Wednesday of next week, with the Bank of Japan on Thursday.
So there’s a lot going on that could move the gold markets, and it does not surprise me that perhaps we may take a moment here and simply grind away. I look at this as a market that has a reasonably well-defined range between $4,500 on the top and $4,600 as your outer barrier, with $4,400 as your floor.
You can see that we have broken above $4,500 for a moment, but I think that’s a resistance zone at this point. Markets get a little ahead of themselves. People start to take profit with so much uncertainty. There is certainly an underlying bid to the gold market, but momentum is still hard to find.
, /PRNewswire/ -- A2Gold Corp. ("A2Gold" or the "Company") (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to announce the completion of its 2026 drill program at the Taylor Gold-Silver Project ("Taylor" or the "Project") in White Pine County, Nevada. The Company completed 15 reverse-circulation ("RC") drill holes totaling approximately 4,400 metres.
Figure 1: Taylor District Claim Map and Mineralization Zones With drilling now completed at Taylor, the drill rig is being mobilized to the Company's flagship Eastside Project near Tonopah, Nevada, where the Company expects to commence an approximately 3,700-metre RC drill program at Target Pente.
Taylor Drill Program Completed
The recently completed program represents A2Gold's first drill campaign at Taylor since acquiring the Project earlier this year. The program was designed to test priority targets identified through the integration of historical drilling, geological information and geophysical data (Figure 1).
A total of 15 RC holes were completed for approximately 4,400 metres. Samples from the drill program have been submitted for laboratory analysis, with assay results pending. The Company expects to report results as they are received, reviewed and interpreted.
In addition to testing the primary drill targets, the program will provide A2Gold with important new geological information to further refine its understanding of the broader mineralized system at Taylor and assist in planning future exploration programs.
Drilling to Commence at Target Pente (Eastside Project)
Following completion of the Taylor program, the drill rig is now being mobilized to A2Gold's flagship Eastside Project, where drilling at Target Pente is expected to commence shortly.
The planned program will consist of approximately 3,700 metres of RC drilling and represents the next phase of A2Gold's 2026 exploration program at Eastside.
Target Pente is one of several high-priority exploration targets identified across the Company's extensive Eastside land package. The program is designed to test the potential for higher-grade epithermal feeder faults and veins, consistent with A2Gold's strategy of targeting higher-grade mineralization within the broader Eastside district rather than simply expanding the known bulk-tonnage mineralized system.
The Company believes that Eastside's large alteration footprint, multiple known centers of mineralization and extensive areas that remain underexplored provide significant opportunities for additional discoveries.
Peter Gianulis, CEO of A2Gold, commented: "The completion of approximately 4,400 metres across 15 holes at Taylor represents an important milestone for A2Gold and our first drill program at the Project since completing the acquisition earlier this year. We look forward to receiving the assay results and incorporating this new information into our understanding of the broader Taylor mineralized system. Importantly, our exploration program continues without interruption. The rig is now being mobilized directly to Eastside to begin drilling Target Pente. Our strategy at Eastside is increasingly focused on testing higher-grade feeder fault and vein targets within this very large epithermal system. Pente represents the next of these targets to be drill tested as we systematically evaluate the broader potential of the Eastside district."
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.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 13,375.71 Indian Rupees (INR) per gram, up compared with the INR 13,301.55 it cost on Tuesday.
The price for Gold increased to INR 156,011.30 per tola from INR 155,146.70 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
13,375.71
10 Grams
133,756.80
Tola
156,011.30
Troy Ounce
416,031.50
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 prices rose in Saudi Arabia on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 529.25 Saudi Riyals (SAR) per gram, up compared with the SAR 525.86 it cost on Tuesday.
The price for Gold increased to SAR 6,173.29 per tola from SAR 6,133.51 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
529.25
10 Grams
5,292.69
Tola
6,173.29
Troy Ounce
16,461.63
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.)
Kolem vývoje cen zlata existuje řada teorií, někdy s poněkud protichůdnou logikou a závěry. Před několika měsíci spatřila světlo světa studie, která se věnuje docela důležitému rozporu – vztahu zlata k inflaci na straně jedné a sazbám na straně druhé. Podívejme se na ní. V současném nastavení může mít hodně co říci.
Jak se o zlatu dá uvažovat nyní? Tedy pokud dáme stranou veškeré přemítání o prodejích a nákupech zeměmi Blízkého východu se zablokovanými ropnými příjmy, nákupy ze strany centrálních bank, dedolarizaci a podobně. Tedy pokud zůstaneme u starých dobrých tezí o zlatu, inflaci a sazbách? Tato úvaha ukazuje na určitý paradox, kdy proti sobě mohou jít efekty inflace a sazeb. Vyšší inflaci si totiž spojujeme s vyššími sazbami, jejich vliv na zlato je ale v tradičním vnímání opačný.
Dejme konkrétně tomu, že by inflační tlaky vytvářené pokračující sérií přechodných faktorů nepřecházely, nebo dokonce sílily. V tradiční logice by to mělo znamenat vyšší, či pokračující vysokou atraktivitu žlutého kovu. Ale dejme také tomu, že tato situace bude vytvářet i tlak na vyšší nominální i reálné sazby. Kvůli nepřecházející vyšší inflaci i vyšší inflační nejistotě (vyšší časové prémie). Ale třeba i kvůli tomu, jak se vyvíjí vládní finance a jak se posunulo vnímání dluhové trajektorie u veřejnosti a politiků (vyšší rizikové prémie). Pak tu máme dva klíčové faktory, které historicky významně ovlivňovaly cenu zlata, a které by nyní šly proti sobě. Vyšší sazby by měly táhnout zlato dolů, ale inflace nahoru. Co k tomu říká zmíněná studie?
V „Is gold a hedge or safe-haven for inflation? Time-varying correlation in a multi-frequency framework“ její autoři Xingying Xu, Chenyue Zhou a Yinglun Zhu mimo jiné píšou: „Ve velmi dlouhých horizontech přesahujících 128 měsíců jsou korelace mezi zlatem a inflací obecně pozitivní. Pozitivní jsou od roku 1968 do roku 2020, ale po roce 2020 se stávají zápornými… Ve střednědobém a dlouhém horizontu 32–128 měsíců jsou korelace vysoce volatilní a silně ovlivněné režimy úrokových sazeb.“
K tomu pak autoři studie dodávají: „Vysoké reálné úrokové sazby tlumí nebo dokonce obracejí vztah mezi zlatem a inflací prostřednictvím zvýšených nákladů na držbu zlata.“ Mimochodem studie také tvrdí, že „směnný kurz EUR/USD vykazuje silnější potenciál pro zajištění proti inflaci než zlato v horizontech kratších než 128 měsíců. A futures na sóju v posledním desetiletí do značné míry ztratily svůj význam z hlediska takového zajištění.
Minimálně bychom tedy mohli říct, že sledoval jen inflaci ani zdaleka nestačí, reálné sazby hrají významnou, nebo dokonce rozhodující roli. Takže zbývá jen podívat se na aktuální vývoj reálných sazeb – v následujícím grafu od FREDu jsou odhady těch desetiletých od Fedu provedené na základě inflace a inflačních očekávání:
A vlastně zbývá ještě jedno – připomenout právě to, kolik teorií a skutečně působících faktorů se nyní kolem zlata zřejmě točí (viz výše). Efekt inflace a/nebo sazeb sám o sobě nemusí v takovém prostředí dominovat.
TD Securities remains constructive on South African Rand (ZAR), noting that domestic headwinds have failed to generate sustained weakness and that USD/ZAR’s downtrend remains intact. With Gold prices supported and global risk sentiment resilient, they argue ZAR offers attractive carry and see USD/ZAR rallies as opportunities to sell.
USD/ZAR rallies seen as selling opportunities"In South Africa, domestic headwinds have repeatedly failed to generate sustained ZAR weakness."
"USD/ZAR ignored new domestic political corruption allegation headlines from Q2 '26."
"While the unexpected SARB rate hold decision briefly drove USD/ZAR above the 200d SMA in July, market was able to look past this policy misstep and push USD/ZAR back below 16.00 in August."
"Global macro variables such as gold price and equity risk sentiment continue to serve as the main drivers for ZAR."
"USD/ZAR spot downtrend remains intact. We still view USD/ZAR rallies as selling opportunities so long as gold remains supported above $4,000/oz and global equity sentiment stays resilient."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
This is a market that has a lot of different things going on at the same time, not the least of which would be geopolitical risk and oil causing a lot of potential inflationary concerns.
There are several things coming up in the next few days that could have an influence on gold, not the least of which would be CPI on Friday, as it could influence the Federal Reserve next Wednesday and the expectations around a rate hike.
The Safety Bid Is Still Out There With the War The ECB is expected to raise rates by a quarter basis point this week. And with that, the question is, will higher interest rates continue to keep gold somewhat suppressed?
The safety bid is still out there with the war, but ironically, the war is also causing inflation and inflation expectations that are keeping the metals suppressed. So, you have a situation where gold doesn’t have anywhere to go.
What we really will be watching for, in my opinion, is any type of divergence in central bank behavior. If one central bank sounds a little bit more dovish than the other, that can influence the US dollar, which has a significant influence on gold.
Right now, it looks very neutral, and that does make a certain amount of sense because, with all of this information coming out, and of course, the errant Middle East headline, this is a tight market to be trading.
Gold (XAU/USD) struggles to hold early gains and reverses course on Tuesday as a modest rebound in the US Dollar (USD) and rising Oil prices weigh on the precious metal. At the time of writing, XAU/USD trades around $4,400 after reaching an intraday high near $4,443.
Tensions in the Middle East intensified after Iran-backed Houthis attacked energy facilities in four southern Saudi cities earlier on Tuesday. The escalation comes after the United States attacked Iranian vessels and Tehran targeted US warships and Oil tankers over the weekend.
Oil prices extend their advance, with West Texas Intermediate (WTI) trading around $91.80 per barrel after reaching $92.48, its highest level since June 8.
The latest hostilities also helped the US Dollar recover some ground after its recent weakness, which was largely driven by a sharp rally in the Japanese Yen (JPY). The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, trades around 98.97 after recovering from 98.72, its lowest level since August 21.
Gold’s near-term outlook remains challenging. The metal is widely viewed as a hedge against inflation and geopolitical tensions, but traders are paying greater attention to how higher Oil prices could affect inflation and interest rates. Gold offers no yield and usually performs better when borrowing costs are low.
The Federal Reserve (Fed) has not raised interest rates so far this year, but policymakers have repeatedly expressed concern about inflation staying above the central bank’s 2% target for too long. Friday’s stronger-than-expected US Nonfarm Payrolls (NFP) report eased worries about the labour market and gives the Fed more room to keep its focus on inflation.
Attention therefore turns to the Fed’s September 15-16 meeting, with the CME FedWatch Tool showing around a 60% probability of a 25-basis-point (bps) rate hike. The decision is likely to hinge on this week’s US inflation data.
The US Producer Price Index (PPI) is due on Thursday, followed by the Consumer Price Index (CPI) on Friday. Hotter readings could strengthen the case for a rate hike, while softer figures could ease expectations for higher borrowing costs and offer some relief to Gold. The US economic calendar is relatively light on Tuesday, with only the ADP Employment Change 4-week average scheduled for release.
Technical analysis: Bears eye $4,350 as right shoulder of H&S pattern forms
On the daily chart, XAU/USD holds above the 50-day and 100-day simple moving averages (SMAs) at around $4,255 and $4,346, respectively, keeping the broader near-term structure supported.
However, a potential Head-and-Shoulders pattern is taking shape, with the right shoulder currently forming. The neckline is located near $4,350 and is reinforced by the 100-day SMA, making this area an important support zone. Momentum is neutral, with the Relative Strength Index (RSI) near 50, while the Average Directional Index (ADX) has eased toward 23, suggesting that directional momentum is losing strength.
A decisive break below the $4,350 neckline would confirm the bearish pattern and expose the 50-day SMA near $4,255, followed by horizontal support around $4,150 and the psychological $4,000 mark.
On the topside, immediate resistance comes from the 200-day SMA near $4,537, with a more significant barrier further up at the horizontal level around $4,700. A sustained move above these layers would be needed to re-open a stronger bullish extension in Gold.
(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.
Geopolitics have boosted demand for physical and futures markets for gold. The US dollar is under pressure from diverging monetary policies. The US dollar has been falling for four of the last five consecutive days. Investors expect the ECB to tighten monetary policy at its next meeting, with signals from Christine Lagarde that the cycle will continue. Rumours are circulating in the forex market that the Bank of Japan is choosing between a 50bp hike later this month and 3 consecutive 25-point increases at each of its next three meetings. This divergence in monetary policy is creating headwinds for the US dollar index.
Adding fuel to the EURUSD rally is the faster rise in European bond yields relative to US Treasuries. This increases their relative attractiveness and raises the prospect of capital flows from the US to Europe. In reality, however, the rise in yields is being driven partly by sell-offs in French and Italian debt amid budgetary concerns, and in German debt following the CDU’s defeat in the regional elections. Elevated political risks are therefore weighing on the euro.
Meanwhile, Brent crude’s rally towards $100 per barrel, against the backdrop of escalating conflict in the Middle East, risks fuelling inflation and prompting the Fed to tighten monetary policy. This would create an unfavourable environment for gold. However, gold’s supporters are not giving up. In August, the People’s Bank of China increased its gold reserves by 650,000 ounces, marking the 22nd consecutive month of growth.
Goldman Sachs believes that gold is a hedge over the period of threats to the Fed’s independence, unorthodox government intervention in currency and debt markets, a ‘debasement trade’ and escalating fiscal problems. Amundi is increasing the proportion of gold in its portfolios, citing its affordability, liquidity and use as a risk-hedging instrument.
Société Générale believes that the conflict in the Middle East is not a negative factor for Gold over the long term. What began as a geopolitical shock has turned into a broad-based build-up of physical and futures positions, involving retail investors, professional asset managers and derivatives traders. The firm describes the precious metals market as bullish across the board.
The FxPro Analyst Team
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