i-80 Gold Stock News

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

At least 15 people died in the collapse of an illegal gold mine in Indonesia's province of West Sumatra, following a landslide caused by heavy rains, an official said on Friday, while rescuers are scrambling to locate seven missing.

Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) reiterated there continues to be significant interest in the sale of the company's assets in Nicaragua with discussions ongoing with several interested parties. The significantly higher gold price has resulted in more interest in the acquisition of the company's assets, Condor said in the statement.

Gold prices hold near $2,665 as traders await US PCE data, which could signal the Federal Reserve's next move on interest rates. Will gold rally or dip?

China's policy measures fuel a rally in Hang Seng tech stocks, while USD/JPY strength supports Nikkei-listed shares. Mining leads ASX gains.

Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.

Gold's six-day rally may pause as resistance emerges near 2,661, with support at 2,633 and 2,600, though a decisive break higher could continue the bullish trend.

On Tuesday, gold hit a new all-time high of $2,670 an ounce, continuing a remarkable rally that's seen the precious metal gain over 27% since the start of the year. If 2024 ended today, it would mark the best year for gold since 2010, when the asset finished up nearly 30%.