Gold miners’ stocks are mired in correction mode, which isn’t surprising after their mighty post-stock-panic upleg.

Spot gold fell to a near one-week low and on pace for a weekly loss of 2.2%.

It was the latest move by the Trump administration to move the work of federal agencies away from Washington.

Spot gold fell 1.5% with the US dollar moving farther away from its two-year low.

The new measure would give tax incentives for companies involved in the mining, reclaiming and recycling of critical minerals.

The dollar recovered after US manufacturing expanded at fastest pace since 2018, reducing demand for bullion as an alternative asset.

Measured and indicated resources at Getchell consist of 21 million tonnes, at 2.16 g/t gold for 1.5 million gold oz., with an additional 2.8 million inferred tonnes at 7.23 g/t gold for 646,000 oz. gold.