Stockhead has recently published an article on the latest change of gold's price in the recent weeks.

According to Stockhead, the price of gold was $US1,732 per ounce ($2,270/ounce) at the start of the trading week and its progress has been slowed by rising yields on government-issued bonds.

Gold has recently struggled against a stronger US dollar which was trading at a five-month high in relation to a basket of other global currencies including the Euro and UK pound.

Federal Reserve chairman Jerome Powell created some waves in precious metals markets with a speech last week in which he said, “crypto is a substitute for gold, not the US dollar. Crypto assets are highly volatile and therefore not useful as a store of value. It is a speculative asset that is essentially a substitute for gold rather than for the dollar.”.

Ausgold prepares for resource upgrade

Ausgold (ASX: AUC) has completed an extensive drilling program of 31,050m for its Katanning gold project in WA that paves the way for a resources upgrade.

New significant results include 4m at 5.83 grams per tonne (g/t) gold from 160m at Ausgold’s Jinkas South lode which has identified a new area of gold mineralisation.

The new resource estimate for the project will cover its 4.5km-long strike in its central zone.

“Our improved geological model led to the discovery of the Jinkas South lode where we have just completed a substantial 30,000m program of new drilling, focused on key resource areas within the central zone,” managing director, Matthew Greentree, said.

Firefinch intersects high grades at Mali project

Firefinch (ASX: FFX) said it has intersected high grades of gold at its Viper deposit within its Morila gold project that is along strike from the previously mined Viper pit.

The intercepts come from a previously undrilled high-grade lode discovered at the southern end of the Viper pit that returned a hit of 5m at 17.7 g/t gold from 37m.

“Viper can provide early feed to the Morila plant and it is very encouraging to see high grades being intersected below and along strike from the previously mined pit,” executive chairman, Alistair Cowden, said.

The Morila gold project is hosted in the west African country of Mali.

Native Mineral Resources finds visible gold

Native Mineral Resources (ASX: NMR) has obtained above-expectation assay results from drilling at its Music Well gold project in WA’s Eastern goldfields region.

Visible gold was obtained from all 14 large samples collected in recent sampling at Music Well, confirming that gold can be recovered using gravity separation techniques.

One rock chip sample returned more than 100 grams per tonne (g/t) gold, which equates to more than three ounces of gold per ton, and seven samples had more than 2 g/t gold.

“These initial sampling results from Music Well have exceeded our expectations, and indicate the strong potential for a much larger gold bearing structure to be hosted within the project area,” managing director, Blake Cannavo, said.

Investing in Gold Stocks

Both gold and silver are valuable assets in a diversified portfolio, but gold is the safer hedge investment, especially during a downturn. With buying and storing gold bullion being beyond the means of many investors, buying gold mining stocks is a more affordable alternative that offers many of the same rewards and other dividends as the mining sector continues to boom.

Barclay Pearce Capital client AuStar Gold Limited (ASX: AUL) is an exciting gold exploration, mining and production company with a portfolio of historical, near term development and current assets based around the Morning Star Gold mine located approximately 120 km east of Melbourne in the Walhalla to Woods Point gold field. AuStar's vision is to become the next mid-tier gold producer in Australia.

To keep up to date with their investor news, progress and for more information about gold investment as a whole, subscribe to the AuStar Gold Chairman's List.