Tudor Gold Corp V.TUD

Alternate Symbol(s): TDRRF

Metals & Mining Industrial Metals & Minerals

Tudor Gold Corp. is a Canada-based precious and base metals exploration and development company. The Company has claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in Treaty Creek gold project, located in northwestern British Columbia, which is host to the Goldstorm Deposit, a large gold-copper porphyry system, as well as several other mineralized zones. The Company's Treaty Creek property covers an area of approximately 17,913 hectares.

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Tudor Gold Corp > Nobody wants to be short gold this weekend

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Post by highperon Oct 05, 2024 6:16am

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Post# 36254315

Nobody wants to be short gold this weekend

“Gold is holding up for one reason and one reason only—the risk of a weekend event in the Middle East,” said Ole Hansen, head of Commodity Strategy at Saxo Bank.

Jesse Colombo, an independent precious metals analyst and founder of the BubbleBubble Report, said that while gold has been well-supported by generally elevated geopolitical tensions, it is experiencing increased bullish volatility due to a heightened sense of worry.

Israel's war in the Middle East continues to escalate as its army strikes Hamas in Gaza and Hezbollah in Lebanon, and there are concerns that Iran could be drawn even further into the conflict.

Iran is Hezbollah's primary backer and has provided weapons and billions of dollars to the group over the years. Earlier this week, Iran fired 180 ballistic missiles into Israel, all of which were intercepted.

The world is now left wondering how Israel will retaliate against Iran.

“Nobody wants to be short on gold ahead of the weekend,” said Colombo.

https://www.kitco.com/news/article/2024-10-04/nobody-wants-be-short-gold-weekend