Gold

While there are many reasons to still bet on a so-called supercyle, it’s unlikely to be plain sailing.

Bullion is heading for its biggest weekly drop in over a year, weighed down by concerns over tighter monetary policy as soon as 2022.

The newest Fed’s statement and dot-plot indicated a much more hawkish tone among the FOMC members than the markets expected, and gold dropped.

Gold was crushed this week following the latest Federal Open Market Committee decision.

TRU currently holds five gold exploration properties in Central Newfoundland.

Crisis-hit gold miner Petropavlovsk Plc accepted a bid for an iron ore investment, even as another bidder was prepared to pay four times as much.

Sudan took steps last year to open up trade in the precious metal further to private investors.

Bullion declined the most in five months on Wednesday as the Fed signalled it might raise interest rates sooner than expected.

Shares of the world’s third-largest gold producer have dropped 30% in the past year.