China firm launches stock indices to tap into rush for safe-haven gold

The latest rally comes despite a sharp jump in the US currency, which would usually weigh on demand for the greenback-priced bullion.

Overall, collective gold ETF assets under management declined by 1% to $200 billion, WGC data shows.

Newcrest rebuffed Newmont’s initial $17 billion takeover bid in mid-February,

In 2022, central banks snapped up gold at the fastest pace since 1967.

The metal rallied strongly on Monday after the failure of Silicon Valley Bank and Signature Bank in New York.

The company is currently in the midst of a 500,000-metre drill program at Queensway.

The second-largest collapse of an American lender in history has sparked nervousness about potential spillover effects.

The Toronto-based miner's combined proven and probable mineral reserves totalled 2.4 million tonnes grading 12.9 grams per tonne gold, for 1 million ounces of contained gold.

An extended suspension of operations may "negatively impact" the company's ability to meet its production guidance, Mineros says.