👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and paint pictures. 🎨🖼️

📝 Here are the highlights

😉 Previsto Gold

💪 Gold's Bullish Outlook

🐦 Uranium Market Shift

📌 Daily Commodity Prices

😉 Previsto Gold

Hannan Metals Limited (TSXV: HAN; OTC Pink: HANNF) is pleased to report the extension of high-grade gold mineralisation at its 100%-owned Previsto alkaline gold project in Peru.

Highlights:

• 135.2 m at 1.3 g/t Au, 9 g/t Ag, and 7 g/t Te.

• 1.7 m at 23.4 g/t Au and 2.3 m at 18.8 g/t Au.

• 21 m at 0.15% Cu, 1 g/t Ag, and 9 ppm Mo.

The project is part of a larger 5 km × 5 km epithermal-porphyry system, and Hannan plans to continue exploration with drilling scheduled for Q2, 2025.

💪 Gold's Bullish Outlook

Gold prices held steady today, supported by strong central bank demand, including China's recent gold reserves increase, and expectations of a potential U.S. Federal Reserve rate cut, but some gains were capped as investors sold bullion to cover losses in other trades.

Spot gold remained stable at $3,034.89 an ounce, while U.S. gold futures rose 0.6%. Despite a correction, gold is up over 15% this year and reached a record high of $3,167.57 earlier in the week. Central banks, including China, have continued to add gold to their reserves, and Deutsche Bank has raised its year-end forecast for gold to $3,350/oz.

Investors anticipate a rate cut of 116 basis points from the Fed this year, which would further support gold. Silver also saw a rise, up 2.7%, while platinum and palladium posted modest gains.

📰 In Other News

🐦 Uranium Market Shift

Happy Speculating!

The Editor

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