5 June: GOLD PRICES rallied as Canada became the first G7 and major Western economy to start cutting interest rates from today's post-Covid inflation spike highs.
The gold price in Canadian Dollars per Troy ounce shot above C$3220 as the Loonie fell on the foreign exchange market, trading 2.0% above Monday's 4-week low.
No.4 gold mining nation worldwide, Canada grew output above 210 tonnes in 2023.