by Frank E. Holmes
Kitco
Strengths
– The best performing precious metal for the week was gold, up 0.86%. Bullion traded at over $2,700 an ounce, after the consumer price index — which excludes food and energy costs — rose 0.2% following four months of gains of 0.3%. Gold climbed to the highest in a month after a surprise slowdown in U.S. inflation revived expectations for Federal Reserve rate cuts this year, reports Bloomberg. […]
– According to BMO, Mandalay Resources reported fourth quarter 2024 gold equivalent production of 25,000 ounces. On an annual basis, the company produced 97,000 ounces of gold, which approached the high end of its annual production guidance of 90,000-100,000 ounces. Mandalay has coproduct grades of 5% antimony that significantly enhances its importance to Western interest with China cutting of antinomy exports.