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Gold jumps, Euromax soars

The gold price has jumped as Brexit remains unresolved and US-China tensions simmer.
Gold jumps, Euromax soars Gold jumps, Euromax soars Gold jumps, Euromax soars Gold jumps, Euromax soars Gold jumps, Euromax soars

Core from Euromax Resources’ Ilovica-Shtuka project in Macedonia

Staff reporter

Gold was worth US$1,862 an ounce on the spot market at the time of writing, up $25/oz from this point yesterday.

Iron ore is improving on seven-year highs as data from China yesterday showed its January-November iron ore imports were up 10.9%.

Australian 62% iron ore fines were up 2.55% to $141/t, according to MySteel.

In Toronto, junior Euromax Resources (TSX: EOX) was the standout, surging almost 167% on news of a legal win in North Macedonia which reinstates its Ilovica 6 permit.

Ilovica-Shtuka is the company's flagship gold-copper development asset.

Also in the copper-gold sphere, recently-listed Native Mineral Resources (ASX: NMR) which has assets in Queensland and Western Australia was up 43% in midday Australian trade on no news.

Among the majors, BHP was around a one-year high of A$42.39 at the time of writing.

Newmont closed 3.38% higher in New York.

Finally, Russia and Kazakhstan-focused gold and silver producer Polymetal International rose 2.26% in London.