In the Weekly Market Digest, the US Federal Reserve cut benchmark interest rates, propelling the USD gold price to a record close of US$3,725 per ounce, fueled by strong demand for gold exchange-traded funds (ETFs) from North America, with a notable pick-up from Asia. This ETF-driven momentum carried precious metal equities to fresh record highs.
Against this backdrop, the Exploration Insights portfolio posted a positive return, roughly in line with the precious metal equity ETF and ahead of the base metal equity one. Standout performers included a grassroots copper explorer in eastern Australia and a REE developer in Brazil and Chile.
This week’s Stock Talk highlights a resource upgrade by a Top Pick copper developer and several exploration updates from grassroots copper explorers in the Yukon and Peru, and grassroots precious metal explorers in the SW US and northern Finland.
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