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PRE-OPEN Futures are moving lower as concerns over persistent inflation and trade tensions with the United States weighed on the corporate outlook, while softer gold prices added to the pressure.

Gold extended its losing streak to three sessions on Tuesday, giving up $17.80, or 0.43%, to close at $4,130. The metal is now down roughly 5% over the past month and remains far below the record set in January, when prices topped $5,600. Pressure came from the energy complex, where Brent crude traded above $110 a barrel, its highest level since May. Higher oil prices have stoked inflation concerns and strengthened the case for tighter monetary policy, a backdrop that tends to weigh on a non-yielding asset like gold.

Gold extended its losing streak to three sessions on Tuesday, giving up $17.80, or 0.43%, to close at $4,130. The metal is now down roughly 5% over the past month and remains far below the record set in January, when prices topped $5,600. Pressure came from the energy complex, where Brent crude traded above $110 a barrel, its highest level since May. Higher oil prices have stoked inflation concerns and strengthened the case for tighter monetary policy, a backdrop that tends to weigh on a non-yielding asset like gold.

Vancouver-headquartered B2Gold has announced a leadership transition that will see long-serving president and CEO Clive Johnson retire at the company’s annual general meeting on June 4.

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2026) - Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) ("Dryden Gold" or the "Company") is pleased to announce that it has signed an Early Exploration Agreement (the "Agreement") with Eagle Lake First Nation ("ELFN"), establishing a framework for ongoing engagement, collaboration, and mutual respect as the Company advances exploration activities within Eagle Lake First Nation's traditional territory.

Diamond miner De Beers has reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause.

Idaho is a Mining State

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Gold extended its losing streak to three sessions on Tuesday, giving up $17.80, or 0.43%, to close at $4,130. The metal is now down roughly 5% over the past month and remains far below the record set in January, when prices topped $5,600. Pressure came from the energy complex, where Brent crude traded above $110 a barrel, its highest level since May. Higher oil prices have stoked inflation concerns and strengthened the case for tighter monetary policy, a backdrop that tends to weigh on a non-yielding asset like gold.