Highland Copper lands private equity partner for Michigan copper-silver project

Shares of Talon Metals closed 5.2% higher on the TSX following the new drill results.

The dollar index dropped after Japan intervened in the currency market to shore up the battered yen for the first time since 1998. 

Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019.

The Fed’s rate hikes this year have weighed on bullion, with spot prices down 8.6%.

Company has not been directly targeted by Western sanctions imposed on Moscow since it sent thousands of troops to Ukraine in February.

Gold prices rose after the US Federal Reserve raised interest rates by 75 basis points for a third straight time.

“We’re in a very volatile economic environment at the moment,” Newmont CEO Tom Palmer said in an interview.

The Fed is widely expected to hike rates further by 75 basis points later in the day to tackle high inflation.

Bloomberg News reported that Russia's Rusal was working on a plan to deliver its aluminium to LME facilities.