RSD Weekly Recap: Mawson Resources (TSX: MAW)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold caught a bid as the potential for trade wars heated up. Gold added 2.5% last week, settling at $1,347 an ounce.
Silver gained nearly 1%, settling at $16.50 an ounce.
The dollar broke through the 90 level, closing at 89.48 for a weekly loss of nearly 1%.
Copper pulled back, losing 3.5% for the week and settling at $3.00/lb.
Platinum was relatively flat, down $3 to settle at $945 an ounce.
Palladium lost 2%, settling at $971 an ounce.
Zinc followed copper — and the base metals — lower, losing nearly 1.5 % for the week and settling at $1.46/lb.
Oil closed at $65.91/barrel, adding nearly 6%.
Uranium traded relatively flat again, settling at $21.88/lb.
Mawson Resources (TSX: MAW) CEO Michael Hudson provided an update on drilling at the Rajapalot project in Finland.
I’m excited for drilling season to begin and am looking forward to several new exciting discoveries as quality exploration is finally picking back up.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.