Gold futures rose back above $4,000 an ounce, with December gold at $4,033.50 after gaining $93.10 (2.36%) in overnight trading, while silver climbed 4.10% to $51.795 an ounce and copper was little changed at $6.4015 a pound. Over the past two weeks, U.S. metals supply chains saw project and earnings news, including Hudbay's final investment decision to build the Copper World project in Arizona, which is projected to produce 102,000 tonnes of copper a year over the first 10 years, with first production expected in the second half of 2029. In Alaska, U.S. GoldMining said the U.S. Army Corps of Engineers determined its permit request for the 78.5-mile West Susitna Access Project road qualifies for emergency permitting procedures, and the company cited a US$249 million U.S. Department of Transportation award to complete the 32-mile Port MacKenzie rail extension. The article also notes that, according to AP race calls, Democrats won control of the Senate and the House.
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