Gold Inches Higher Ahead Of US Inflation Reading

WASHINGTON (dpa-AFX) - Oil prices held steady on Friday but were poised for a second consecutive weekly gain, driven by escalating U.S.-Venezuela tensions, stalled Ukraine peace talks and expectations of a 25-basis-point interest rate reduction at next week's Federal Reserve policy meeting.

Benchmark Brent crude futures were up 0.1 percent at $63.31 a barrel and showed little changed for the week.

WTI crude futures slipped 0.1 percent to $59.60 but were on track for a weekly gain of more than 1.5 percent.

Supply factors remain in focus following damage from an Ukrainian drone attack on the Caspian Pipeline Consortium's Black Sea loading facility earlier in the week.

It was said that Kazakhstan's oil and condensate output fell by about 6 percent in the first days of December, reflecting the combined effect of storm damage and the temporary halt in loadings at the Black Sea terminal after the drone attack.

Amid stalled peace talks, Russian President Vladimir Putin has doubled down on his demand for Ukraine to surrender territory, saying his country will take full control of eastern Ukraine 'by military or other means.'

Ukraine said at the Organization for Security and Cooperation in Europe (OSCE) that it wants 'real peace, not appeasement'.

Elsewhere, the Caribbean is erupting into a major geopolitical flashpoint as U.S. Marines take centre stage in escalating tensions with Venezuela.

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Greatland Resources Limited

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NEWS RELEASE | 5 December 2025

Greatland Resources Limited - Exercise of Performance Rights

Greatland Resources Limited (Greatland Resources or the Company) (ASX: GGP and AIM: GGP) advises that it has been notified of the exercise of vested performance rights and subsequent sale of certain shares by a person discharging managerial responsibilities ("PDMR").

Monique Connolly, Chief Financial Officer, has exercised 141,213 vested performance rights over ordinary shares in Greatland. These performance rights have been satisfied using existing ordinary shares held in the Company's employee share trust, and no new ordinary shares have been issued as a result of this exercise.

Following exercise of these rights, 141,213 ordinary shares were transferred from the employee share trust into Ms Connolly's beneficial ownership. Of these:

·      105,713 ordinary shares have been sold, and

·      35,500 ordinary shares have been retained by Ms Connolly.

Following these transactions, Ms Connolly is interested in a total of 315,285 ordinary shares in the Company, representing approximately 0.05% of the Company's issued share capital.

Contact

For further information, please contact:

Greatland Resources Limited

Shaun Day, Managing Director  |  Rowan Krasnoff, Chief Development Officer

info@greatland.com.au   

Nominated Advisor

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin  |  +44 203 368 3550

Corporate Brokers

Canaccord Genuity  |  James Asensio / George Grainger  |  +44 207 523 8000

RBC Capital Markets | James Agnew / Jamil Miah / Scott Redwood | +44 207 029 0528

Media Relations

Australia - Fivemark Partners  |  Michael Vaughan  |  +61 422 602 720

About Greatland

Greatland is a gold and copper mining company listed on the Australian Securities Exchange and London Stock Exchange's AIM Market (ASX:GGP and AIM:GGP) and operates its business from Western Australia.

The Greatland portfolio includes the 100% owned Telfer mine, the adjacent 100% owned brownfield world-class Havieron gold-copper development project, and a significant exploration portfolio within the surrounding region. The combination of Telfer and Havieron provides for a substantial and long life gold-copper operation in the Paterson Province in the East Pilbara region of Western Australia.

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Gold prices rise on a softer U.S. dollar, with investors turning their focus to a key U.S. inflation print due later on Friday. Futures in New York are up 0.2% to $4,250.10 a troy ounce, while spot gold rises 0.1% to $4,208.77 an ounce. The U.S. dollar index--which measures the greenback against a basket of other major currencies--is flat at 98.97. "Gold managed to hold its ground, after the latest U.S jobs data did little to sway expectations of a Fed interest rate cut next week," ANZ analysts say. Traders are now waiting for PCE index data for more cues on the path of interest-rate cuts. A lower-interest-rate environment typically benefits non-yielding assets such as gold. Meanwhile, silver futures rise 1.7% to $58.49 an ounce, while platinum is up 0.5% to $1,669.10 an ounce. (giulia.petroni@wsj.com)

Oil prices are on track for weekly gains, buoyed by diminishing prospects of a Russia-Ukraine peace deal in the short term and growing tensions between the U.S. and Venezuela. "Conflict-related risk premia are providing an offset to the oversupply that has been building in 4Q 2025 and which we expect to spill over into the new year," analysts at BMI, a unit of Fitch Solutions, say. "Despite the increasingly bearish fundamental narrative that has taken shape over recent months, both prices have shown a significant degree of resilience." Brent crude is flat at $63.23 a barrel, while WTI slips 0.1% to $59.62 a barrel in early trading. The benchmarks are up 1.5% and 1.8% on the week, respectively. (giulia.petroni@wsj.com)

U.K. miners rise in early European trading after a bumper week for commodities. Antofagasta and Anglo American lead the early climbers, jumping 2.7% and 2.6%, respectively. Copper climbed to record highs this week, spurring red metal-focused miner Antofagasta higher. Glencore rises 1.5%. Cautious buying ahead of next week's Federal Reserve interest rate decision and geopolitical tensions are a catalyst for miners, Interactive Investor analyst Richard Hunter writes. (josephmichael.stonor@wsj.com)

TTF Gas decreased to 26.83 EUR/MWh, the lowest since April 2024.

Over the past 4 weeks, Natural Gas EU lost 14.82%, and in the last 12 months, it decreased 42.25%.