Gold Standard Ventures Corp. published its eagerly awaited maiden NI43-101 resource estimate for its 100% owned Pinion Deposit, which is located on the prolific Carlin Trend in Nevada. The results exceeded expectations of management and the market,
Moody’s Credit Rating reflected a weakened outlook of gold as it reduced its assumption for gold price in the next couple of years. Cutting its Gold price forecast for the year, Moody’s Investor’s Service said that the credit ratings of the Canada’s largest precious metal producers are at a risk.
The price of gold bullion retreated from an overnight rise to $1,340 per ounce in London on Friday morning, trading back down to $1,322 – the low hit by the mid-April crash – as the U.S. dollar ticked higher.