August 5 to 9: Gold Price Breaks US$1,500

TL;DR

Gold reaches $1,500 per ounce, Glencore shuts down Matando mine, Dixie partners with Arizona for THC-infused beverages, and The Green Organic Dutchman seeks listing on NASDAQ.

Transcript

I'm Charlotte McLeod with the investing news network and this is your look at the stories we covered this week that you need to read the major news in the resource space this week was gold breaking $1,500 per ounce Gold's big move came on Wednesday on the back of increasing concern about issues like the us-china trade war and central bank rate cuts... Read More

Key Insights

• ☠️ Gold's surge to $1,500/ounce was driven by trade war concerns and global central bank rate cuts.
• 🚕 Glencore's decision to shut down the Matando mine highlights the impact of declining cobalt prices and regional tax issues.
• 🫤 Dixie's collaboration with Arizona indicates the growing trend of THC-infused beverage products.
• 👂 The Green Organic Dutchman's desire to list on the NASDAQ demonstrates the need for expanded investor reach.
• 🎮 The impact of mass shootings on video game company stock prices highlights the lack of correlation between video games and gun violence.
• 🤞 TheraNika Biomedical's FDA approval and plans for a wearable device pilot launch offer hope for migraine treatment innovation.
• 🧑‍💻 The resource, cannabis, tech, and life science sectors continue to be newsworthy and offer investment opportunities.

Questions & Answers

Q: What factors led to gold breaking the $1,500 per ounce mark?

Increasing concerns about the US-China trade war and central bank rate cuts around the world contributed to gold's rise.

Q: Why is Glencore closing its Matando copper cobalt mine?

Glencore cites declining cobalt prices and the economic viability of the asset, potentially influenced by taxes in the DRC.

Q: What is Dixie's recent partnership and what does it aim to create?

Dixie partnered with Arizona to develop THC-infused beverages, further expanding the cannabis product offerings.

Q: Why is The Green Organic Dutchman seeking a listing on the NASDAQ?

The Green Organic Dutchman wants to broaden its investor base and increase accessibility for international investors.

Summary & Key Takeaways

• Gold breaks $1,500/ounce due to concerns over trade war and central bank rate cuts.

• Glencore closes Matando copper cobalt mine in DRC due to declining cobalt prices and tax issues.

• Dixie partners with Arizona to create THC-infused beverages, and The Green Organic Dutchman applies for NASDAQ listing.