Gold Prices Hit New Record High

Happy Friday, Investors! Enjoy today's BTV - Business Television weekly update with stock market news and investment opportunities, covering Mining, Tech, ETFs, Bio, and more.?

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Here's how some major markets/indexes performed in the last 5 days:

• Dow Jones: 40,253?(0.29%)
• S&P 500: 5,501 (-2.42%)
• Nasdaq 100: 19,502 (-5.42%)
• TSX: 22,703 (0.04%)
• BTC: 66,386 (9.18%)
• Ethereum: 3,491 (1.92%)

(USD)

As of 07/19/2024 at 10:15am PST

Dow Hits Record High as 'Trump Trade' Returns

Market Surge The Dow Jones Industrial Average reached a new record high this week, fueled by strong corporate earnings and a resurgence of the so-called "Trump Trade" – a market trend that gained momentum during Donald Trump's presidency.

Key Highlights:

• Record Close: Dow hits all-time high, driven by investor optimism.
• Earnings Boost: Positive corporate earnings reports lift market sentiment.
• Sector Gains: Industrial and financial stocks lead the rally.

Why It Matters:

The Dow's record performance underscores the market's resilience and investor confidence amid favorable economic conditions and corporate performance. This milestone sets a positive tone for the market, suggesting continued growth potential.

This significant achievement highlights the dynamic nature of the stock market, with diverse sectors contributing to the overall upward trend.

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Gold Prices Hit New Record High

Gold prices have surged to a new record high, reaching $2,471 an ounce. This increase comes amid easing U.S. inflation and growing optimism for potential interest rate cuts from the Federal Reserve, boosting the appeal of the precious metal as a safe-haven asset.

Key Highlights:

• Record Price: Gold hits $2,471 per ounce, the highest ever.
• Market Drivers: Eased U.S. inflation and anticipated Fed rate cuts.
• Investor Sentiment: Increased demand for gold as a safe haven.

Why It Matters The record high in gold prices underscores its role as a reliable investment during times of economic uncertainty. As inflation concerns ease and expectations for lower interest rates rise, gold continues to attract investors seeking stability and value.

This new peak highlights gold's enduring appeal and the broader market dynamics influencing precious metal investments.

??? This Week's Selected Company News:

Alamos Gold Inc. Completes Acquisition of Argonaut Gold Inc.

Alamos Gold Inc. has successfully completed the acquisition of Argonaut Gold, integrating the Magino mine and expanding its production capabilities. This strategic move is set to enhance Alamos Gold's operational portfolio and market presence.

Key Highlights:

• Acquisition Completed: Argonaut Gold acquisition finalized.
• Production Expansion: Integration of the Magino mine into Alamos Gold’s operations.
• Market Impact: Strengthens Alamos Gold’s position in the gold mining sector.

This acquisition underscores Alamos Gold's commitment to growth and operational excellence, positioning the company for future success in the competitive gold mining industry.

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U.S. Gold Corp CEO Highlights CK Gold Project's Strategic Importance

U.S. Gold Corp. CEO, George Bee, has highlighted the strategic and economic significance of the CK Gold Project. This project is poised to become a key player in the U.S. mining sector, leveraging its rich resource base and strategic location.

Key Highlights:

• Strategic Importance: Emphasized the project's role in the U.S. mining industry.
• Economic Impact: Potential to drive significant economic growth and job creation.
• Resource Potential: CK Gold Project's rich resource base positions it for long-term success.

U.S. Gold Corp.'s commitment to developing the CK Gold Project underscores its potential to contribute to the domestic mining sector and the broader economy.

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Lexaria Bioscience Prepares for Strategic Growth

Lexaria Bioscience Corp. is gearing up for significant strategic growth, aligning its resources and efforts to enhance operational capabilities and market reach. This preparation is part of Lexaria's ongoing commitment to innovation and expansion in the bioscience sector.

Key Highlights:

• Strategic Planning: Focused on boosting operational efficiency and market expansion.
• Innovation Commitment: Continues to drive forward with groundbreaking bioscience technologies.
• Growth Potential: Positioned for substantial growth and increased market presence.

Lexaria's strategic initiatives underscore its dedication to advancing its technology and strengthening its position in the bioscience industry.

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