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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.


OTCPK:KRCLF - Post by User

Post by horace5on Jun 30, 2022 10:53pm
198 Views
Post# 34795639

Q2 final day: GDX down 3.73% - KRRGF down 3.72%

Q2 final day: GDX down 3.73% - KRRGF down 3.72%

Gold threatening to test support at $1,800.


(June 30, 2022) “Gold price (XAU/USD) is establishing below $1,810.00 after facing a steep fall while attempting a bullish reversal on Thursday. The precious metal is hovering near a fresh two-week low at $1,802.78 and is aiming to balance below the psychological support of $1,800.00. The release of the US core Personal Consumption Expenditures (PCE) Price Index at 4.7% has bolstered the odds of one more 75 basis points (bps) interest rate hike by the Federal Reserve (Fed) in July.


The US core PCE Price Index remained in line with the estimates but lower than the prior release of 4.9%. This indicates that the elevation of interest rates by the Fed to 1.50-1.75% in its past three monetary policy meetings has failed to make a substantial change in the price levels.”



[Full article]


https://www.fxstreet.com/news/gold-price-forecast-xau-usd-sees-a-bumpy-ride-below-1-800-us-ism-pmi-eyed-202206302200


 

 
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