Morning Briefing: Rate Cut Hopes Lift Markets — Brixton, TDG, and Kalo Report Drill Results
Gold prices climbed 1% to $4,203 as markets rallied on strong earnings and dovish comments from the Fed, raising hopes for a rate cut. Bank of America reported a 23% profit jump, while Fed Chair Jerome Powell cautioned that the labor market is softening.
In mining news, Indonesia’s PT Arsari Tambang eyes a $422 million Canadian acquisition, and Capstone Copper secured up to $360 million in funding for its Santo Domingo Project in Chile. Brixton Metals hit high-grade gold at its Trapper target in British Columbia, with assays up to 57.2 g/t gold. TDG Gold extended mineralization at Aurora West…
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