welcome back to our weekly update I'm Charlotte McLoud with investing news.com and we're going to run through a few of this week's biggest stories in the mining industry if you enjoy this video don't forget to hit the like button subscribe to our Channel and leave us a comment below let's get into it another week another gold price record the yellow metal Rose to a new high once again on February 20th moving past the 2950 per ounce level for the first time ever it's becoming


increasingly clear that gold is being pushed Higher by a strong base of underlying drivers as well as day-to-day events taking a look at this week's key news around gold headlines have centered on a possible audit of Fort Knox a US Army Installation in Kentucky Fort Knox reportedly holds 147.300 and in the decade since then questions have been raised about whether it's intact the latest audit talk started when Tech billionaire Elon Musk responded to a post on X in which a user said it would be great to have musk look


into Fort knox's gold musk responded surely it's revised at least every year musk's comment prompted a response from Senator Rand Paul who's advocated for increased transparency regarding the gold at Fort Knox for years he signaled support for an audit with his reply nope let's do it the idea has gained traction since then with President Donald Trump quickly getting behind it speaking to reporters on Air Force One he said if the gold isn't there we're going to be very upset let's watch the full Trump


clip they're looking at we're going to go into Fort KNX to make sure the gold is there they you know that we're going to go into Fort Knox do you know about that that was that bad bu are they going to eliminate more national security positions civilians there we'll see what happens but one of the things we do want to look I mean we hope everything's fine with Fort Knox but we're going to go to Fort Knox the Fable Fort Knox to make sure the gold is there if the gold isn't there we're going to


be very upset for Knox has been a big story for gold this week but there are plenty of other developments worth tracking I spoke with Craig hempy of tfmetalsreport tocom about the continued flow of gold from London to New York and he suggested that the mainstream narrative that tariffs are driving this move could be wrong instead he believes the US may be preparing to monetize its gold and could be bringing the precious metal into the country for that reason he emphasized that there are many unknowns in the situation but pointed to


recent comments from newly appointed treasury secretary Scott bassent to support the idea when asked what other under the radar issues we may be missing Craig reminded investors not to forget the importance of Central Bank gold buying which remains strong and physical supply and demand numbers for gold as well as silver I'll leave the link to the full interview with Craig in the video description definitely check it out if you haven't already and let me know your thoughts in the comments Barrett gold has reportedly


signed a 4 $138 million deal that would end a dispute over its mining Assets in Mali according to Reuters the mark Bristo Le company is now waiting for Mal's government to issue formal approval at the time of this recording the approval had not yet come but it's possible it will have arrived by the time this video is posted the dispute between baric and Mali has been ongoing for nearly 2 years and in November it resulted in the suspension of Bar's Lulu G Koto operation anglo-american and Chilean


state-owned minor cadelo have signed a memorandum of understanding to jointly operate their adjacent copper mines in the country saying it will boost copper output with little additional Capital their joint release states that the arrangement will increase production of the red metal by an average of nearly 120,000 metric tons per year in total Anglo and cadelo anticipate generating further value of at least 5 billion before tax the companies expect to enter definitive Arrangements in the second


half of 2025 on a similar note Tech resources chief executive Jonathan price said in a post earnings conference call that his company is open to collaborating with glenor on copper in Chile glenor made a bid for Tech in 2023 but ultimately only acquired the company's coal business price said he sees potential value in a tie-up between Tech qb2 mine and Glen cor's KY mine but couldn't share further details on plans thank you for watching if you like this video make sure you hit the like button and subscribe to our


Channel we'd also love to hear your thoughts so leave us a comment below [Music]