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Gold price advances as US jobs data sparks Fed rate cut hopes
XAU/USD rises 0.05% to $2,493, with prices rebounding after hitting a daily low of $2,471. Weaker-than-expected US JOLTS report fuels speculation of a 50 bps Fed rate cut in September. Falling US Treasury yields and a softer US Dollar support Gold despite volatile profit-taking throughout the session. Gold’s price aimed higher during the North American session
Great Pacific Gold reports high-grade soil sampling and focused drilling program at Kesar, Papua New Guinea
Great Pacific Gold Corp. [TSXV-GPAC; OTCQX-FSXLF; Germany-V3H] provided an update on one of its core projects, the Kesar Project located in the Eastern Highlands province of Papua New Guinea. The Kesar Project is contiguous with K92 Mining’s mine tenements, with several high priority targets at Kesar near the K92 property boundary. Multiple veins at Kesar
Ethereum Option Traders Big Bet, $3,000 Target on Radar
The recent data from QCP Capital has gained massive attention from crypto traders, especially Ethereum traders, as it suggests that Ether is poised for a significant upside rally before December 2024. According to the data, Ethereum options traders have bought over 20,000 contracts targeting the $3,000 level, set to expire on December 27, 2024. It