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Commodities

Turaco Gold Rides Record Gold Prices to Unexpected Gain

Guavy AI Editorial Team
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Gold
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Turaco Gold (ASX:TCG) experienced a 3.5% gain on Wednesday, August 19th, without any announcement from the company that could explain this price movement.

The most plausible explanation is the bullion market, as gold has been trading at or near record levels through 2026, with spot prices around US$4,350 an ounce in early August.

Turaco's pre-feasibility study, completed in June 2026, revealed a maiden JORC probable ore reserve of 1.91 million ounces and total mineral resources of 4.65 million ounces.

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