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October 30, 2025

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Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to provide links to yesterday’s Government of Ontario’s Ring of Fire news conference and news release. These developments signal progress with the access, infrastructure and First Nation partnerships in the Ring of Fire area, where Bold Ventures’ Koper Lake Project is situated.

Ring of Fire News Conference video

Government of Ontario Ring of Fire News Release

Bold’s Koper Lake Project in the Ring of Fire

The Black Horse is part of the Koper Lake Project where Canada Chrome Corporation (CACR.V) is the Operator of the chromite joint venture exploration effort.

Bold owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300m from their Eagle’s Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans of Ontario and North America. The Company is encouraged by these ongoing developments in this emerging critical mineral mining camp.

The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects: the Northern Road Link, the Marten Falls Community Access Road and the Webeque Supply Road. Information and progress regarding these projects may be accessed via the links provided on Bold’s critical and battery minerals page.

Burchell Gold and Copper Project

The recent mechanical stripping, mapping and channel sampling effort at the Burchell Gold and Copper Project is drawing to a close. The field crew expects to complete the program in the coming days.

There has been additional recent news from the Burchell Gold and Copper project area. Bold’s neighbour Gold X2 continues to consolidate ground proximal to the Burchell property. The details may be found at Gold X2 property purchase October 28, 2025.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand Our target commodities are comprised of: Gold (Au), Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’ 
Bruce MacLachlan 
President and COO 

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

‘David B Graham’
David Graham
CEO

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272516

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Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the ‘Company’, or ‘Surface Metals’) is pleased to provide a corporate update as gold prices have reached all-time highs in 2025 and the Company advances its portfolio of gold and lithium assets in North America.

‘Gold is reaffirming its place as the ultimate store of value,’ stated Steve Hanson, President and CEO of Surface Metals. ‘For Surface Metals, this environment represents a rare opportunity. The economics of every ounce we discover at our Cimarron Gold Project improve dramatically as gold continues to appreciate. With this historic strength in the gold market, we are advancing exploration at precisely the right time.’

Cimarron Gold Project – Nevada, USA

Located in Nye County, Nevada, the Cimarron Gold Project remains the Company’s primary near-term value driver. Surface Metals holds a 90% interest in 31 unpatented lode mining claims covering approximately 260 acres within the historic San Antonio / Tonopah mining district.

The Cimarron Project hosts multiple high-grade gold intercepts, supported by more than 190 historical drill holes. Mineralization remains open in many directions, indicating strong potential for expansion. Historic non-NI 43-101 estimates outlined roughly 50,000 ounces of contained gold, which the Company intends to update and potentially expand through further exploration.

‘Our technical team is reviewing drill targets and preparing a focused program designed to expand known mineralization and establish a compliant 43-101 resource,’ said Steve Hanson. ‘Cimarron sits in the historic Walker Lane trend, at the intersection of strong geology, extensive mineralization, in one of the pre-eminent mining districts globally.’ In April 2025, Surface Metals completed the acquisition of its 90% interest in the project.

Clayton Valley Lithium Brine Project – Building Scale in Nevada

Surface Metals’ Clayton Valley Lithium Brine Project, located adjacent to Albemarle’s Silver Peak Mine – the only producing lithium brine operation in the United States – continues to advance toward its next phase of development.

Surface Metals’ project currently hosts an inferred resource of approximately 302,900 tonnes of lithium carbonate equivalent (LCE) across a 2,230-acre land package.

‘The global transition to electric mobility and energy storage continues to drive long-term lithium demand,’ added Hanson. ‘Our Clayton Valley project benefits from its strategic location within a proven lithium district and close proximity to end users.’

Beyond Clayton Valley, Surface Metals maintains a diverse portfolio of lithium exploration projects across North America:

  • Fish Lake Valley, Nevada: A 1,694-acre claystone and sedimentary lithium project prospective for near-surface lithium-bearing horizons, directly next to Ioneer’s world class lithium boron mine expected to go into construction in 2026.

Surface Metals’ lithium strategy provides shareholders with exposure to multiple deposit types across tier-one jurisdictions. This diversity positions Surface Metals to capture value across the evolving battery metals supply chain.

Surface Metals’ focus remains disciplined with plans to advance Cimarron through resource definition drilling and expansion, advance and develop our lithium resource base, and position the Company for future development or partnership opportunities.

About Surface Metals Inc.

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA, and Manitoba, Canada. The Company’s Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district. It’s Clayton Valley Lithium Brine Project hosts an inferred resource of approximately 302,900 tonnes LCE adjacent to Albemarle’s Silver Peak Mine. Surface Metals also holds additional lithium assets in Fish Lake Valley, Nevada, and through a joint venture with Snow Lake Energy in southeastern Manitoba.

For more information, please visit: www.surfacemetals.com.

On behalf of the Board of Directors

Steve Hanson
Chief Executive Officer, President, and Director
Telephone: (604) 564-9045
info@surfacemetals.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at Surface’s project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Surface’s project location adjacent to or nearby other mineral projects does not guarantee exploration success or that mineral resources or reserves will be defined on Surface’s properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by Surface. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company’s properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company’s operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Unless otherwise indicated, the market and industry data contained herein is based upon information from industry and other publications and the knowledge and experience of management. While we believe that this data is reliable, market and industry data is subject to variations and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. We have not independently verified any of the data from third-party sources referred to in this news release or ascertained the underlying assumptions relied upon by such sources. With regard to the Cimarron Project potential quantity and grade of mineralization described is conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in targets being delineated as a mineral resource. Surface Metals has not undertaken any independent verification of drill results from historical drilling not completed by Surface Metals. Surface Metals has not independently analyzed the results of the historical exploration work in order to verify the results and believes that the historical drill results may not all conform to the presently accepted industry standards and as such should not be relied upon by the reader. Surface Metals Inc. considers these historical drill results relevant as Surface Metals Inc. will use this data as a guide to plan future exploration programs. Surface Metals Inc. also considers the data to be reliable for these purposes, however, Surface Metal Inc.’s future exploration work will include verification of the data through drilling. All technical and scientific disclosure pertaining to our mineral property interests in this news release have been reviewed by a Qualified Person, meaning an individual who is an engineer or geoscientist with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these; has experience relevant to the subject matter of the mineral project and the technical report; and is a member or licensee in good standing of a professional association.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272511

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(TheNewswire)

GRANDE PRAIRIE, AB TheNewswire – (October 30, 2025): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF and OTC: ANKOF) (‘Angkor’ or ‘the Company’) announces approval from the TSX Exchange following its review of a proposed ‘shares for debt’ transaction for an aggregate $1,922,800 debt owed by the Company to certain creditors (the ‘ Debt Transactions ‘).

The Company issued an announcement on September 23, 2025 regarding shares for debt and removal of $1,922,000 of debt reduced from the balance sheet for certain creditors.   The Debt Transactions were subject to TSX approval and the TSX Exchange has approved the transactions and the issuance of 9,156,190 shares at $.21 each and 4,131,667 warrants. Each full Warrant is exercisable to purchase a common share at 0.30 for a period of 24 months from the date of issuance. The warrants shall be subject to an acceleration clause.  In the event that the Company’s shares trade at $0.40 per share or above for a period of 10 consecutive trading days, a forced exercise provision will come into effect for the warrants issued in connection with this offering.

The Common Shares to be issued will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSXV policies.  With the review by the TSX Exchange complete, the transaction will now close and is considered complete.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.  The license was reduced to roughly half the size with the Company’s voluntary removal of all parks and protected areas in March 2025 and the subsequent addition of 220 square kilometres in the northeast corner, finalizing a size of 4095.1 square kilometers.

Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.

CONTACT: Delayne Weeks – CEO

Email: info@angkorresources.com Website: angkor resources.com

Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

Certain information set out in this news release constitutes forward-looking information within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘hope’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘scheduled’, ‘believe’ and similar expressions. The forward- looking information set out in this news release relates to future events or our future performance and includes, without limitation statements concerning the Shares for Debt Transaction, Angkor’s ability to obtain all necessary approvals in respect of the Shares for Debt Transaction and the participation of certain insiders and management in the Shares for Debt Transaction.

Although the forward-looking information contained in this news release is based upon what management of Angkor believes are reasonable assumptions on the date of this news release, Angkor cannot assure readers that actual results will be consistent with such forward-looking information. Forward-looking information involves substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those expressed or implied by such forward looking information, including without limitation those risks and uncertainties described in more detail in Angkor’s securities filings available at www.sedarplus.ca . Forward-looking information should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.

The forward-looking information contained in this news release is provided as of the date hereof. Angkor disclaims any intention or obligation to update or publicly revise any forward–looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. All forward-looking information contained in this news release is expressly qualified in its entirety by the foregoing cautionary statements.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release .


Copyright (c) 2025 TheNewswire – All rights reserved.

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Forte Minerals Corp. (CSE: CUAU) (OTCQB: FOMNF) (FSE: 2OA) (‘Forte’ or the ‘Company’) is pleased to announce its participation in the 51st Annual New Orleans Investment Conference, taking place November 2-5, 2025, at the Hilton New Orleans Riverside.

Forte will be exhibiting, and the President & Chief Executive Officer, Patrick Elliott will present on Monday, November 3, 2025, from 9:50 am – 10:10 am (Presentation Area 2, Exhibit Hall).

Mr. Elliott will share an update on the Company’s copper and gold exploration projects and an overview of the growth strategy following a C$5.7 million strategic investment by a key investor in July and a second C$5.7 million strategic investment by another strategic partner announced this week.

Investors are also invited to visit Forte at Booth #202 throughout the conference.

The New Orleans Investment Conference brings together leading analysts, newsletter writers and investors to explore emerging opportunities across all major asset classes.

Register today at https://neworleansconference.com/online-registration.

Forte is excited to attend the Conference as part of its broader strategy to connect with investors, strengthen relationships, and showcase the Company’s fully funded growth plans.

Corporate Disclosure: The Company engaged Simply Pro Media to create and facilitate a broadcast advertising campaign on BNN Bloomberg, which ran from September 22, 2025, to November 14, 2025. The total cost of the campaign was approximately C$24,000.

ABOUT Forte Minerals CORP.

Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú S.A.C., the Company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The Company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners.

On behalf of Forte Minerals CORP.

(signed) ‘Patrick Elliott’
Patrick Elliott, MSc, MBA, PGeo
President & Chief Executive Officer

Forte Minerals Corp.
info@forteminerals..com
www.forteminerals.com
 
   
Investor Inquiries
Kevin Guichon, IR & Capital Markets
E: kguichon@forteminerals.com
C: (604) 612-9976
 Media Contact
Anna Dalaire, VP Corporate Development
E: adalaire@forteminerals.com
T: (604) 983-8847

 

Follow Us On Social Media: LinkedIn | Instagram | X | Meta | The Drill Down; Newsletter

Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements relating to the intended use of proceeds of the Strategic Placement. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information or statements to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this relea
se.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272515

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The US Federal Reserve held its seventh meeting of 2025 from Tuesday (October 28) to Wednesday (October 29) amid growing division between doves and hawks as job market growth slows and the threat of higher inflation.

The central bank met analysts’ expectations by lowering the federal funds rate by 25 basis points to the 3.75 to 4 percent range. It marks the second time this year that the Fed has cut interest rates. Interest rates haven’t been below 4 percent since September 2022.

The Federal Reserve Board of Governors were reportedly split over those concerned with preventing a further slowdown in the US labor market and those fearing the fight against inflation is far from over. Lowering interest rates in turn lowers the cost of borrowing, which can provide businesses with more runway to grow their workforce. However, increasing the available money supply by easing access to borrowing can also increase inflation.

The September consumer price index (CPI) data showing inflation rose to 3.0 percent for the 12 months ending September after rising 2.9 percent over the 12 months ending August. Despite this higher inflationary environment, a weakening labor market has become the focus of the Fed’s dual mandate of stable prices and maximum employment.

The ongoing US government shutdown has delayed the release of key economic data, including the September US jobs report originally slated for publication on October 3.

Therefore, the most recent US jobs report comes from August. It indicates an increase of just 22,000 new workers, while the unemployment rate ticked up to 4.3 percent from 4.2 percent in July.

Until the government funding legislation is passed, all economic reports are on hold and the Federal Reserve is flying blind when it comes to planning the best course of action for the country’s economy.

Filling in the gaps, CNN reports that financial data firm FactSet has reported that the US added 50,000 jobs in September, while the unemployment rate held steady at 4.3 percent. While economists expect a pickup in jobs this time of year when the summer ends; however, compared to last year’s 240,000 jobs, this September’s gains are significantly weaker.

“Although official employment data for September are delayed, available evidence suggests that both layoffs and hiring remain low, and that both households’ perceptions of job availability and firms’ perceptions of hiring difficulty continue to decline in this less dynamic and somewhat softer labor market,” said Chair Jerome Powell. “The downside risks to employment appear to have risen in recent months.”

At the same time as its interest rate decision the Fed also announced a stop to its quantitative tightening activities as of December 1, 2025. For the past three years the independent government agency has been working to reduce its balance sheet from US$9 trillion in 2022 to US$6.6 trillion today. The move comes following recent stress signals in the short-term lending markets.

The next Fed interest rate decision will come on December 10, the last Fed meeting for 2025. In his speech to reporters, Powell strongly suggested another rate cut this year is not necessarily a given.

“In the committee’s discussions at this meeting, there were strongly differing views about how to proceed in December,” he said. “A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.”

Also by the end of the year, President Donald Trump intends to announce a replacement for Obama appointee Federal Reserve Chair Jerome Powell whose term expires in May 2026. Trump has been critical of the Fed and Powell in particular, saying they haven’t moved quickly enough to lower rates.

On Monday (October 27), US Treasury Secretary Scott Bessent announced a short list of candidates to replace Powell, including Fed Governors Christopher Waller and Michelle Bowman, National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, and BlackRock executive Rick Rieder.

The gold price rebounded nearly 2 percent to US$4,031.10 in the lead up to the rte decision, but quickly consolidated just below the US$4,000 mark to US$3,987.10 per ounce shortly after. Silver spiked as high as US$48.25 per ounce following the meeting, still trading near 14 year highs.

Lower interest rates leads to lower returns on fixed-income investments like bonds, which makes gold a more attractive investment.

Looking ahead, Mykuliak expects gold to trade within a range of US$3,900 and US$4,400

in the last quarter of the year. Further rate cuts or rising geopolitical tensions could push gold prices even further. “Into 2026, gold should maintain an upward trajectory, potentially gaining another 5 to 12 percent, as real rates decrease and central banks keep diversifying reserves,” she noted.

Equities were mixed on Wednesday, with the S&P 500 (INDEXSP:INX) down 0.56 percent to reach 6,871.47. Meanwhile, the Nasdaq-100 (INDEXNASDAQ:NDX) gained .21 percent to come in at 26,066, and the Dow Jones Industrial Average (INDEXDJX:DJI) down 0.72 percent, coming to 47,530.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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As President Donald Trump and Chinese leader Xi Jinping prepare to meet Thursday, one soft-spoken U.S. export star will take center stage: soybeans. 

The humble crop, a $30 billion pillar of U.S. agriculture exports, has become a powerful symbol of the economic interdependence and political tension between Washington and Beijing. 

In short, soybeans have come to embody the volatility of the U.S.–China trade war. Beijing halted purchases of American soybeans in response to Trump’s earlier tariffs on Chinese goods. 

China pivoted to suppliers in Brazil and Argentina, a move that underscored how quickly global trade patterns can shift and how vulnerable U.S. farmers are to diplomatic rifts between Washington and Beijing.

What began as tit-for-tat posturing between the world’s two largest economies has turned into a symbolic and economic gut punch for Trump’s rural base, whose livelihoods depend on the very trade ties now caught in the crossfire.

According to the American Soybean Association, the U.S. has traditionally served as China’s leading soybean source. Prior to the 2018 trade conflict, roughly 28% of U.S. soybean production was exported to China. Those crop exports fell sharply to 11% in 2018 and 2019, recovered to 31% by 2021 amid pandemic-era demand and eased back to 22% in 2024.

But some policy experts argue that China’s shift away from U.S. soybeans was already underway.

‘China was always going to reduce its reliance on the United States for food security,’ Bryan Burack, a senior policy advisor for China and the Indo-Pacific at the Heritage Foundation told Fox News Digital. ‘China started signing purchase agreements with other countries for soybeans well before President Trump took office.’ 

He added that Beijing has ‘been decoupling from the U.S. for a long time.’

‘Unfortunately, the only way for us to respond is to do the same, and that process is painful and excruciating,’ Burack said.

But for farmers thousands of miles from Washington and Beijing, those policy shifts translate into shrinking markets and tighter margins.

‘We rely on trade with other countries, specifically China, to buy our soybeans,’ Brad Arnold, a multigenerational soybean farmer in southwestern Missouri, told FOX Business. He said China’s decision to boycott U.S. soybean purchases ‘has huge impacts on our business and our bottom line.’

‘There are domestic uses for soybeans, looking at renewable diesel, biodiesel specifically produced from soybeans,’ Arnold said. ‘In the grand scheme of things, that’s such a small percentage currently, you know it’s going to take a customer like China to buy beans to make a noticeable impact. You can’t take our No. 1 customer, shut them off and just overnight find a replacement.’

That reliance on China adds new weight to the diplomatic stage this week as Trump and Xi prepare to meet in South Korea. The two leaders will meet on the sidelines of the Asia-Pacific Economic Cooperation Summit in Busan, South Korea, marking their first in-person talks since Trump’s return to office. 

Ahead of the meeting, Treasury Secretary Scott Bessent said he expected China to delay rare earth restrictions and resume U.S. soybean purchases, calling it part of a ‘substantial framework’ both sides aim to maintain. Bessent also said that trade negotiations were moving toward averting a fresh 100% U.S. tariff on Chinese goods.

And in a possible gesture of easing tensions, Reuters reported that China bought around 180,000 metric tons of U.S. soybeans in the run-up to Trump and Xi’s meeting.

Whether it marks a true thaw in U.S.–China trade relations or just a temporary reprieve, the purchase underscores how deeply intertwined diplomacy and agriculture remain.

Fox Business’ Eric Revell contributed to this report.

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U.S. President Donald Trump met face-to-face with Chinese leader Xi Jinping on Thursday, the final day of Trump’s trip to Asia that included stops in Malaysia, Japan and South Korea, in an attempt to resolve the ongoing trade disputes between the two sides.

Trump has imposed substantial tariffs on China since returning to the White House in January, and Beijing retaliated with limits on exports of rare earth elements. Both sides want to avoid the risk of blowing up the world economy, which would harm their own countries.

The leaders of the world’s two largest economies spoke to the press in brief introductory remarks before meeting behind closed doors along with their top officials.

Xi said in his opening remarks that ‘it feels very warm seeing you again because it’s been many years.’

‘We do not always see eye to eye with each other,’ Xi said, noting that ‘it is normal for the two leading economies of the world to have frictions now and then.’

The Chinese leader added that the two countries ‘are fully able to help each other succeed and prosper together.’

The Associated Press contributed to this report.

This is a developing story. Check back for updates.

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Vice President JD Vance spoke at length during a large Turning Point USA gathering at the University of Mississippi (Ole Miss) in honor of Charlie Kirk, during which he shared the slain conservative activist’s impact on his faith and told students that ‘a properly rooted Christian moral order’ is key to the future of the country.

After the audience heard from Kirk’s widow, Erika, Vance took the stage and spoke for a brief time before taking questions from the audience on a range of issues from immigration to National Guard deployments and the Second Amendment. But several of the questions revolved around Vance’s faith and the impact it has had on how he governs as Vice President. Some asked about his views on religious liberty while another questioned how he was raising his family in a dual-religion household where his wife is Hindu.   

‘I make no apologies for thinking that Christian values are an important foundation of this country,’ Vance said when responding to a question about the separation of church and state. ‘Anybody who’s telling you their view is neutral likely has an agenda to sell you. And I’m at least honest about the fact that I think the Christian foundation of this country is a good thing.’

Meanwhile, Vance railed against contemporary liberalism in his comments about faith Wednesday night, calling it a ‘perverted version of Christianity.’  

‘There’s nothing wrong, of course, with focusing on people who are disenfranchised, for example. That’s the focus of liberalism. But if you completely separate it from any religious duty or any civic virtue, then that can actually become, for example, an inducement to lawlessness,’ Vance said while responding to a questioner. ‘You can’t just have compassion for the criminal. You also have to have justice too. Which is why I think that a properly rooted Christian moral order is such an important part of the future of our country.’

Vance went on to say that he does not think God must be kicked out of the public square, adding he did not believe that is what the founders intended. 

‘Anybody who tells you it’s required by the Constitution is lying to you,’ Vance argued. ‘What happened, is, the Supreme Court interpreted ‘Congress shall make no law respecting an establishment of religion’ to effectively throw the church out of every public place at the federal, state and local level. I think it was a terrible mistake, and we’re still paying for the consequences of it today.’

In addition to taking tough policy-oriented questions about faith and religion, Vance was also asked at one point about living in an interfaith household. Vance’s wife is Hindu. 

Vance noted how when the pair met he was not a Christian, but over time he and his wife, Usha, decided to raise their boys Christian. Vance said open communication and respect for each other’s beliefs played a part in his marriage and his family’s decision to raise their kids Christian.   

‘Most Sundays she will come with me to church. As I’ve told her, and I’ve said publicly, and I’ll say now in front of 10,000 of my closest friends, ‘Do I hope eventually that she is somehow moved by the same thing that I was moved in by church? Yeah, I honestly, I do wish that.’ Because I believe in the Christian gospel and I hope eventually my wife comes to see it the same way. But if she doesn’t, then God says everybody has free will, and so that doesn’t cause a problem for me.’

Vance also spoke about the impact Kirk has had on his faith during the Wednesday night event honoring the slain activist. Vance said that, at least in part, Kirk moved him to be more vocal about his faith.

‘This is another way in which Charlie has affected my life – I would say that I grew up again in a generation where even if people had very deep personal faith, they didn’t talk about their faith a whole lot,’ Vance told the crowd while remembering his late friend. 

‘But the reason why I try to be the best husband I can be, the best father I can be, the reason why I care so much about all the issues that we’re going to talk about, is because I believe I’ve been placed in this position for a brief period of time to do the most amount of good for God and for the country that I love so much. And that’s the most important way that my faith influences me.’

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U.S. President Donald Trump on Thursday met face-to-face with Chinese leader Xi Jinping in Busan, South Korea – just hours after Trump hinted online at potential shifts in U.S. defense and trade policy. 

The meeting marked the final stop of Trump’s Asia trip, which also included stops in Malaysia and Japan, and focused on cooling the economic standoff between Washington and Beijing. 

Since returning to the White House in January, Trump has levied major tariffs on Chinese imports – a move that prompted Beijing to tighten its control over exports of rare earth elements. Both leaders signaled interest in reducing tensions to avoid further shocks to the global economy. 

Ahead of Thursday’s summit, U.S. and Chinese aides signaled the discussion would center on tariffs, advanced technology exports, and supply chain competition – key sticking points that have long defined the relationship between the two powers. Trump told reporters he believed the two sides could reach common ground. 

After the talks, Trump said he and Xi had ‘an amazing meeting’ and that both sides had reached ‘an outstanding group of decisions’ on key economic and security issues. The president said Xi agreed to begin immediate purchases of U.S. soybeans and other farm goods and that China would work ‘very hard’ to block fentanyl from entering the U.S.

Trump said he would cut the tariff rate on Chinese imports from 20% to 10% in response to Xi’s promise to crack down on the flow of fentanyl.

‘I believe he’s going to work very hard to stop the death that’s coming in,’ Trump said.

The two sides also reached an understanding on rare earth exports, as China agreed to pause planned export controls for a year, Trump said. A senior administration official later clarified that both leaders agreed to revisit the agreement next year, and that the arrangement could be extended at that time.

The U.S. president also said he spoke to Xi about chip technology. He said China would be in discussions with Nvidia about additional semiconductor purchases but that the company’s newest generation of advanced processors were not part of the conversation.

The president described the outcome of the deal as a one-year framework agreement aimed at being renewed annually.

‘We have a deal,’ Trump said. ‘Every year we’ll renegotiate the deal, but I think it’ll go on for a long time.’

Trump also said the administration announced plans for reciprocal visits, with the U.S. president traveling to China in April and Xi visiting the U.S. later this year.

The meeting, which lasted roughly an hour and forty minutes, concluded with a brief photo opportunity before the two leaders went their separate ways. Afterward, neither side released details about what was discussed. Trump departed Busan without taking questions, waving to the press pool as he climbed the steps to Air Force One. 

As cameras clicked, Trump leaned toward Xi and appeared to speak quietly before shaking hands and boarding the plane. 

Trump and Xi spoke briefly to the press before heading into a closed-door session for less than two hours with senior aides.

‘It’s an honor to be with a friend of mine,’ Trump said of Xi, adding that while some issues remain unresolved, ‘I think we’ve already agreed to a lot of things.’

Xi said in his opening remarks that ‘it feels very warm seeing you again because it’s been many years.’ 

The Chinese leader acknowledged that occasional friction between major powers is natural, adding that the U.S. and China ‘can still find ways to thrive side by side.’ 

Earlier aboard Air Force One en route to South Korea, Trump suggested he may reduce tariffs imposed on China due to Beijing’s cooperation in curbing fentanyl exports.

‘I expect to be lowering that because I believe that they’re going to help us with the fentanyl situation,’ Trump said, adding, ‘The relationship with China is very good.’

The Associated Press contributed to this report.

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Republican Iowa Sen. Joni Ernst introduced legislation Thursday that would clear the way for Trump administration officials to sell underutilized federal buildings, Fox News Digital learned. 

‘Despite President Trump calling federal employees back to work, vacant government buildings could easily be mistaken as future locations for Spirit Halloween stores,’ Ernst said in a statement to Fox News Digital. 

‘For too long, the entrenched bureaucracy has used red tape to prevent these ghost towns from being sold off,’ she continued. Her Disposal Act ‘immediately lists six prime pieces of D.C. real estate on the auction block and slashes through pointless regulations to fast-track the sale of the government’s graveyard of lifeless real estate to generate hundreds of millions of dollars and save taxpayers billions.’ 

Ernst is the founder and chair of the Senate Department of Government Efficiency (DOGE) Caucus, and first exposed the federal government’s lack of use of its federal buildings back in 2023 when she released a ‘naughty list of no-show federal agencies’ following the pandemic, when federal employees worked from home amid government-mandated shutdowns. 

Dubbed the ‘Disposing of Inactive Structures and Properties by Offering for Sale And Lease (DISPOSAL) Act,’ the legislation works to renew efforts to sell six pieces of underutilized federal properties in Washington, D.C., that headquarter various federal agencies. 

The legislation specifically calls on the General Services Administration to sell the Frances Perkins Federal Building, home to the United States Department of Labor; the Department of Energy’s James V. Forrestal Building; the Theodore Roosevelt Federal Building, which is home to the Office of Personnel Management; Robert C. Weaver Federal Building, where the Department of Housing and Urban Development was headquartered before announcing in June it planned to move; United States Department of Agriculture’s headquarters at the Department of Agriculture South Building; and the Hubert H. Humphrey Federal Building, which headquarters the Department of Health and Human Services. 

There are an estimated 7,700 vacant federal buildings nationwide and another 2,265 that are largely sitting empty, according to Ernst’s office. 

The Office of Management and Budget reported in 2023 that the annual cost of operating federal buildings deemed ‘underutilized’ sits at $81.346 million, while the General Services Administration reported in 2025 that deferred maintenance and repair backlogs at federal buildings exceeds $6 billion and will balloon to more than $20 billion in five years. The General Services Administration identified hundreds of ‘non-core‘ federal properties across the nation in March that could be put up for sale. 

Mold, cockroaches and undrinkable water also have plagued the federal buildings, according to various recent media reports. 

The legislation would clear the path for the Trump administration to make additional sales down the line, should it pass. Sales of federal buildings are wrapped in red tape and procedures, with the bill working to streamline the process by mandating the sale of up to 20 additional federal buildings per calendar year, and charging the GSA chief with determining whether a sale or ground lease would be in the ‘best interests of the United States.’

President Donald Trump’s DOGE efforts to slim down the size of the federal government and remove overspending have been a hallmark of his second administration. Trump repeatedly has railed against federal employees who stopped reporting to the office since the pandemic, vowing during his joint address to Congress in March that ‘unaccountable bureaucracy’ will end. 

‘We have hundreds of thousands of federal workers who have not been showing up to work,’ he said. ‘My administration will reclaim power from this unaccountable bureaucracy, and we will restore true democracy to America again. Any federal bureaucrat who resists this change will be removed from office immediately.’ 

Ernst and DOGE previously successfully mandated the sale of the Wilbur J. Cohen Federal Building in June, which headquartered Voice of America in a 1.2 million-square-foot building. Only 72 people worked in the building as of 2024, Fox News Digital previously reported. 

Fox News Digital reported back in February that the Housing and Urban Development (HUD) headquarters in D.C., which can accommodate roughly 6,000 people, had become so desolate of employees during the Biden administration that it looked like an off-season Spirit Halloween store. Administration officials confirmed to Fox News Digital at the time that one HUD office even still had a business card left over from the first Trump administration still tacked on a white board when officials with the second administration reported to work following Trump’s inauguration. 

Ernst’s October legislation follows a bill she introduced in June that called for the sale of six federal properties that would yield at least $400 million in revenue while canceling roughly $2.9 billion in overdue maintenance at the buildings. 

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