Gold Pares Gain After GDP Data but Remains Higher After Technical Momentum

Source: Kitco News, Allen Sykora (7/27/12)

"Traders have been keying off major U.S. economic reports for some time now as they try to gauge whether data will mean any more monetary easing from the Federal Open Market Committee."

Kitco News, Allen Sykora

U.S. gold futures pared their overnight gains Friday morning after a stronger-than-forecast report on U.S. gross domestic product.

Previously, the market rallied in electronic overnight screen trading to the highest level in nearly seven weeks as the precious metal gained technical-chart momentum after getting boosted the last two days by comments from European Central Bank officials.

Just before 9 a.m. EDT, gold for August delivery was $5.10 higher to $1,620.20/ounce (oz) on the Comex division of the New York Mercantile Exchange, while the December contract was up $5 to $1,624.80/oz. As of Thursday, August had the most volume but December the most open interest as the rollover continues. September silver was up $0.074 to $27.52/oz. . .View Full Article

Gold Co. Expands into Second Country with Acquisition
Source: Ben Pirie (07/11/2025)

Dynacor Group Inc. (DNG:TSX; DNGDF:OTCMKTS) aims to increase production by 500,000 ounces by 2030, and this latest purchase is a step toward reaching its goal, noted an Atrium Research report.

Silver Explorer Uncovers High-Grade Silver Bonanza in BC
Source: Streetwise Reports (07/11/2025)

Silver47 Exploration Corp. (AGA:TSX.V; AAGAF:OTCQB) conducted a 5,008-sample survey at Adams Plateau, hit surface assays to 3,503 g/t Ag, and locked in a 5-year drill permit to drill silver-rich SEDEX targets. Read more as the company readies its first modern drilling on the 150 square kilometer property, with new geochemical data and prospector's found showings.

Silver Mining Heats Up in Global Hotspots
Source: Streetwise Reports (07/11/2025)

As silver prices hit 13-year highs, Irving Resources Inc. (IRV:CSE; IRVRF:OTCQX), Silver North Resources Ltd. (SNAG:TSX.V; TARSF: OTCQB), and Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) are making bold moves in Japan, Yukon, and British Columbia. Read more to see why analysts say this breakout could reshape the silver mining landscape.

Gold Developer Hits Big With Rowan Project
Source: Streetwise Reports (07/11/2025)

West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) reports high-grade gold potential with CA$239M NPV and 42% IRR in Ontario. Read more about the robust PEA and what's driving investor interest.