Newcrest's investment in Lundin Gold is significant in starting the operations at the Fruta del Norte mine.
According to economist Peter Schiff, the pending Federal Reserve meeting in March can affect gold prices.
The demand for gold across Asia remains low, but experts claim that it will gain momentum after Chinese New Year.
With a recent survey predicting a rise, gold prices are back on track.
Asian gold prices go down during the New Year but recovered afterwards due to the continuous tension between the U.S. President and North Korean leader.
Gold is very rare, produced largely in China, and is edible.
The prices of gold and silver are expected to gain some stability in 2018.
Gold prices could surge only during the next commodity boom.
Gold and silver have not recovered and experts predict the slump will continue this month.
Australia is leading the way into the asteroid mining business amid heavy projected expenses.