welcome back to our weekly update I'm Charlotte McLoud with investing news.com and I'm here to give you a quick look at our top stories for the [Music] week the gold brace has climbed steadily over the last 2 weeks recovering from its drop at the end of September as of October 18th the yellow metal was just below the 19 ft deeper oun mark up more than 100 doublers from where it started them up the war in the Middle East is a big factor behind Gold's big rise and the conflict currently shows no signs of


letting up whether it has a lasting impact on the precious metal remains to be seen typically this type of geopolitical turmoil causes only a short-term price spike as Market participants search for Safe Haven assets however this time around could be different I recently heard for Brian London of gold newsletter who said the Israel Hamas War could be the exception to the rule if it prompts a change in US Federal Reserve policy here's how he explained it in this instance though it it may Pro to be an exception because uh


geopolitical conflicts and uncertainty and volatility could lead to a change in fed policy and as we know fed policy drives all the market these days so it could have a more lasting fundamental effect if it prompts if if if it forces the FED to either pause or pivot and you know I mentioned that we don't know exactly what or when the FED will be forced to P what will cause that uh but we know there's lots of options out there and this may be the one that no one was really expecting that's usually


the way it happens I'll leave the link to the full interview with Brian in the video description he also speaks about the New Orleans invest conference which run is from November 1st to 4th I'll be attending and I'd love to say hello if you'll be there looking over to lithium this week brought a couple of interesting pieces of news on the m&a front first major producer alal laurl withdrew its non-binding offer to acquire Australia's liant Town resources in a press release Al moral


explains that growing complex associated with a proposed transaction or a factor in its decision this careful wording is likely an illusion to hanock prospecting's Growing stake in Lion toown led by gin vinard Australia's richest woman Hancock has built up a 19.9% Stak in a lion Town enough to potentially block a transaction with Alam moral if it had gone to a vote lon's key asset is its Western Australia based Kathleen Valley lithium project where it started Construction in 2022 the asset has a capacity for an


initial 3 million metric tons per year for a production rate of about 500,000 metric tons of spadine concentrate an expansion to 700,000 metric tons is planned for year six lithium power international another Australian company was also in the spotlight this week as Chilean State on minor cadelo and now it plans to buy the fur for 385 million Australian dollar the deal marks cadel's first F into liar the copper Focus company was tasked in April with taking over at Chile's lithium industry kadel's plan is to combine


lithium Po's chili Bas Blanco project with its own nearby operations to create a worldclass lithium project the boards of both companies are backing the transaction but lithium power shareholders will need to weigh in during a vote in late January we'll keep you informed on what happens that's all for this week if you like this video make sure you subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below we'll see you next [Music] time