Real interest rate has a negative correlation with gold price historically, their correlation can be explained by linear equation: y = -281.91x + 2256.7, R-squared = 0.8484.
As of 24/5/2023, the estimated gold price is 1839.47 USD. Looks like gold price will still struggle a bit here and there. The drilling result for hole 5 will only help to keep the share price afloat. IMHO and DYOR.
Ann: 52m @ 3.65g/t Au in Kusi drill hole 4, page-46
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