UK 01:24 Saturday, 17 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Gold closed the week at $3,370, boosted sharply on Friday by Jerome Powell’s Jackson Hole speech when he conceded that there may need to be a policy adjustment: in other words, interest rates are going to drop at the Fed’s September meeting. The gain, up from last week’s $3,334, was sharp but as can be seen on the chart below of Gold against its miners, the ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers), completely outdone by the miners.
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