Spot gold fell 0.9% to $4,140.06 and lost about 3.4% over the week, even as weak payroll data cut the market-implied chance of an October U.S. rate increase to 22%.
Luca signed a definitive agreement to acquire 100% of Capstone’s Cozamin copper-silver mine for $290 million upfront and up to $95 million deferred or contingent.
Pakistan’s gold price fell Rs2,100 to Rs450,936 per tola, while the international rate declined $21 to $4,284 an ounce and local silver also eased.
Spot gold fell 0.6% to $4,349.94 as the dollar strengthened and traders priced an 88% chance of a U.S. rate increase in December.
Brent opened $3.62 higher at $108.23 before settling at $105.68 as attacks, a pipeline shutdown and delayed Hormuz talks raised supply concerns.
August flows from Asia reached 1.8–2 million tonnes as Middle East shipments fell to a near nine-year low amid refinery and shipping disruptions.
Hormuz disruptions, weak storage injections and competition with Asia have pushed imported gas above $22 per MMBtu ahead of winter.
Operating protocols advanced for three Andean projects, while a $20.7 billion investment estimate remains conditional and has no fixed timetable.
Foreign-backed groups account for 42% of 2,727 exploration applications, while one quarter of claims are near or overlap protected and Indigenous lands.
A heads of agreement would create a 50/50 venture with Mercuria and deploy more than $4 billion over five years to lift production above 100,000 boepd. Definitive contracts and approvals remain pending.
Well 105-4X encountered a hydrocarbon column exceeding 600 meters and more than 90 meters of net pay in the Pinda reservoir; a tie-back to nearby facilities remains under assessment.
Lithium Americas kept Thacker Pass spending and completion targets despite tariff pressure, while Antofagasta cut copper guidance and macroeconomic signals lifted gold and palm-oil prices.
