Gold is down 1.8% at $4,040/oz (GCZ26) after a hotter-than-expected US CPI: consumer prices rose 0.4% in October vs 0.3% expected, with core up 0.3%. CME FedWatch after the print showed a 100% chance of a December Fed hike. Gold touched $4,024 intraday.

USA Rare Earth has started commercial-scale shipments of heavy rare earth carbonate from Serra Verde in Brazil to a US government-funded buyer. The 15-year take-or-pay deal sets price floors of $110/kg each for neodymium and praseodymium, $575/kg for dysprosium and $2,050/kg for terbium. Source: USA Rare Earth

Sponsored Resource Review video: Newfoundland and Labrador targets mining barriers The @NorthernMiner video host @Devan_Murugan explores the @cim_icm Newfoundland and Labrador Branch’s recent Mineral Resources Review 2026 in St. John’s.

Singapore’s central bank has opened its currency vault to foreign central banks and sovereign entities, with room for up to 500 tonnes of gold. A GST framework for wholesale gold services is expected to take effect in April 2027. OTC gold clearing is expected to start live trading in the first quarter of 2027. MAS hasn’t said how much gold is stored or which central banks have signed up. Source: Monetary Authority of Singapore