The market is buzzing this week and precious metals ended the week on a high. Jerome Powell just dropped dovish hints that a September rate cut is almost locked in. Lower rates often light a fire under gold. Will this spur the rally further? Or will inflation flip the script and send gold and silver prices lower? And what about President Trump making a move to fire Fed Governor Lisa Cook: how does that shake the Fed’s credibility and gold’s outlook? You’ll find out in this week’s episode.
Gold closed the week on a strong note, dashing past US$3,400 an ounce in US trading on Friday night. It closed at US$3,446 an ounce, nearing the all-time record. Silver isn’t sitting still either, closing at US$39.69, helped by new tariffs on Beijing, advanced tech, and semiconductors.
Will silver smash through the $40 barrier, or stall under the pressure?
And let’s talk about the ASX All Ordinaries Gold Index. It’s flying. Big and mid-tier producers booked 4 to 11 percent gains for the week after releasing blockbuster annual results. We’re seeing all-time high revenues, fat profits, and bullish production guidance.
But is the market getting ahead of itself? Are these stocks crossing into overvaluation as investors bet on RBA cuts and shifting oil dynamics? Brian breaks down what’s really driving this surge.
Finally, we decided to shine a spotlight on West African Resources (ASX: WAF). The stock soared 11 percent after record half-year profits and an updated guidance showing it will double its processing capacity for FY26.
But then, boom, a trading halt. Why?
The company announced that there is a deal with the Burkinabe government purchasing an additional 35 percent stake in the Kiaka Project. The government currently owns 15 percent, having increased it from 10 percent earlier this year following a change in the country’s mining code.
What does that mean for the company’s future? Are the worries from investors about how this is another case of African countries nationalising mines owned by publicly listed companies?
Given that production, gold sales and underground mining grades have dropped, is this another red flag or a storm in a teacup?
We break it all down for you, and you don’t want to miss it.
This episode is packed with insights you won’t find anywhere else. Watch it now before the market makes its next move.