Gold Prices Affected by Upcoming Catalysts This Week
FinancialBuzz.com News Commentary
Gold prices pared its early gains on Monday as investors are anticipating the
Investors will turn their attention to Wednesday's Dutch parliamentary elections. Recent polls suggested that the risk of a Eurosceptic party to come into power is small, but investors still remain cautious over the possibility of a surprising result. Meanwhile, the expectations for a rate hike this week are high. Investors are looking for clues on the pace of rate hikes in the future, which remains unclear. "A Fed hike on Wednesday is fully discounted by the market...the only thing that might prompt a surge in the dollar and rates is if the
Earlier today
Final assay results from the
The drilling done during the 2016 winter and autumn drill programs shows that gold is found in an extensive gold anomalous, silicified, alteration zone of several hundred meters width. The presence of pyrite is constant in the alteration zone and varies from 1% to more than 15% locally. The north sector appears to be associated with a low magnetic anomaly of more than 4 kilometres in length, as well as locally with induced polarization (IP) geophysical anomalies.
"Assay results from last autumn's drilling program have returned very encouraging results from the extension to the west of this gold-bearing alteration system. These results continue to extend the mineralization and further drilling is required to assess the economic potential of this new discovery. The constant presence of gold in three closely related environments such as Liam, Dan and the Northern Sector clearly demonstrates the gold potential that the
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