Gold price gains even with Fed rate-cut pushback

Gold rose 1.7% to US$2,046/oz this week, even as Fed officials talked down the need for rate cuts soon and large cap US equities gained on Nvidia’s blow out earnings, as a cautious market is apparently hedging the recent tech stock euphoria.

Large cap bright spots for struggling TSXV Mining

This week we continue our analysis of US Big Tech versus Big Mining, focusing on the YTD performance, and also examine the long-term and 12-month performance of the TSXV Mining Index, with signs of larger cap strength in the wider downturn.

Gold stocks dip even as metal gains

The gold stocks were down even as the metal gained, with the GDX off -0.7% and GDXJ falling -0.3% as larger cap equity gains remained concentrated in tech and the markets sold off smaller caps, including TSXV larger gold, which mostly dropped.

Visit our website to learn more.