Located at Western Australia, the Bellevue Gold Project has produced more than 800,000 ounces of gold throughout its more than 100 years of operations.
Dow Jones experienced more lows than highs for the past three weeks. Gold and other precious metals were also under pressure.
The strength of the U.S. dollar and a bullish trading pushes for a higher price index of gold, closing near the $1,300 per ounce mark.
Australia might become the newest addition in the PGM sector upon discovering untapped local deposits filled with palladium, platinum, gold, and rhodium.
Following the implementation of VAT last January, the trade in the UAE dropped by 60 percent.
The white metal will outperform gold thanks to its low price.
The precious metal will get more demand this month because of the Akshaya Tritiya festival, where gold is essential in the bride's dowry.
While gains are slow for silver, the gold outlook continues to be hopeful despite strong dollar showing.
CIA director Mike Pompeo will replace Rex Tillerson as the U.S. Secretary of State.
Newcrest's investment in Lundin Gold is significant in starting the operations at the Fruta del Norte mine.