Gold Prices Partially Recover After Trump Postpones Iran Strikes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Should l Buy USAU?
Source: stocktwits
- Gold Price Recovery: On Monday, gold prices partially recovered to around $4,350 per troy ounce after President Trump announced a five-day postponement of military strikes against Iran's energy infrastructure, indicating market sensitivity to geopolitical tensions.
- Futures Market Volatility: Despite the recovery, June gold futures tumbled over 10% before stabilizing around $4,400, reflecting ongoing investor concerns about future uncertainties that may impact market confidence.
- Long-Term Downtrend: Although gold prices rebounded in the short term, they have declined nearly 16% over the past month, suggesting a weakening demand for gold as a safe-haven asset, which could adversely affect gold-related investments.
- ETF Underperformance: During this period, both SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) ETFs fell more than 2%, indicating a lack of investor confidence in the gold market, potentially leading to capital outflows from these gold-related investment vehicles.
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Analyst Views on USAU
Wall Street analysts forecast USAU stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 16.550
Low
26.00
Averages
26.75
High
27.50
Current: 16.550
Low
26.00
Averages
26.75
High
27.50
About USAU
U.S. Gold Corp. is a gold and precious metals exploration company, which is engaged in the exploration and development of properties. The Company owns certain mining leases and other mineral rights comprising the CK Gold Project in Wyoming, the Keystone Project in Nevada and the Challis Gold Project in Idaho. The CK Gold Project deposit is a development-stage, large-tonnage, gold-copper deposit with high-grade mineralization exposed at the surface surrounded by a large, low-grade zone with potential for expanding resources. The CK Gold Project property comprises about 1,120 acres and is 100% owned by the Company. The Project is located about 75 kilometers (kms) southwest (SW) of Salmon, ID and 20 kms SW of Revival Gold's Beartrack Project, within the Tertiary Challis Volcanic Field. The Keystone project is a Carlin-type gold deposit exploration project located on Nevada's Cortez Trend, one of the most prolific gold mining trends and home to some of North America's largest mines.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Conference Participation: U.S. Gold Corp. will participate in the Swiss Mining Institute Conference in Panama City on April 15-16, 2026, where CEO George Bee will present on April 15 at 2:00 PM, outlining the company's strategic direction and key projects aimed at enhancing long-term shareholder value.
- Industry Engagement: The conference brings together industry leaders, investors, and mining professionals to discuss key developments and investment opportunities in the global mining sector, showcasing the company's influence and engagement within the industry.
- Project Overview: The company's CK Gold Project, located in Southeast Wyoming, has completed a feasibility study technical report, indicating robust progress in mining development and enhancing its competitive position in the market.
- Future Outlook: Topics discussed at the conference will include anticipated benefits and progress of the CK Gold Project, reflecting the company's confidence in future business development and commitment to its shareholders.
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- Feasibility Study Results: U.S. Gold Corp.'s feasibility study indicates a post-tax net present value of $1.3 billion for the CK Gold Project at current gold prices, demonstrating a solid economic foundation and strong investment appeal.
- Resource Expansion Potential: The company plans to explore resource expansion opportunities at CK through further drilling and evaluation, which is expected to significantly enhance the economic value of mineral resources and improve the project's long-term sustainability.
- Byproduct Revenue Opportunities: The current mine plan includes approximately 40 million tons of rock available for aggregate and ballast, with local pricing between $20 and $25 per ton, which will create substantial additional revenue streams and further optimize project economics.
- Mine Expansion and Long-Term Value: The open-pit design of CK may serve as a future water storage facility, and extending the mine life could defer closure costs while enhancing the project's long-term value, showcasing multiple economic benefits of the project.
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- Project Economics: The feasibility study for the CK Gold Project reveals a post-tax net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 45% based on current spot prices for gold, copper, and silver, indicating the project's high profitability potential and attractiveness to investors in the current market environment.
- Production Capacity and Costs: The project is expected to average annual sales of 85,000 ounces of gold equivalent (AuEq) over an 11-year operational life, with total cash costs of $1,748 per ounce, and a low strip ratio of 0.89:1, ensuring efficient operations and strong cash flow generation.
- Community and Environmental Impact: The project is anticipated to create 198 direct permanent jobs and contribute 2.1% of royalty payments to local K-12 education, demonstrating the company's commitment to community engagement while employing dry-stack tailings technology to minimize water usage.
- Future Expansion Potential: The feasibility study has excluded significant known resources from the initial mine plan, with future plans focusing on expanding deeper resources, positioning the CK Gold Project as one of the few fully permitted large-scale precious metals projects in the U.S., offering substantial scarcity value and growth opportunities.
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- Project Location Advantage: The CK Gold Project is strategically located in southeast Wyoming, just 20 miles from Cheyenne, which helps reduce transportation costs and enhances the project's economic viability.
- Wholly Owned: The project is fully owned by U.S. Gold Corp., ensuring complete control over the project, allowing for more flexible resource allocation and strategic decision-making.
- Feasibility Study Results: The results of the feasibility study will provide crucial economic data and technical support for the project's development, expected to attract more investor interest and enhance the company's market position.
- Future Development Potential: By releasing the feasibility study, U.S. Gold Corp. demonstrates its long-term strategic planning in gold mining development, aiming for sustainable growth through effective resource development.
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- Gold Price Recovery: On Monday, gold prices partially recovered to around $4,350 per troy ounce after President Trump announced a five-day postponement of military strikes against Iran's energy infrastructure, indicating market sensitivity to geopolitical tensions.
- Futures Market Volatility: Despite the recovery, June gold futures tumbled over 10% before stabilizing around $4,400, reflecting ongoing investor concerns about future uncertainties that may impact market confidence.
- Long-Term Downtrend: Although gold prices rebounded in the short term, they have declined nearly 16% over the past month, suggesting a weakening demand for gold as a safe-haven asset, which could adversely affect gold-related investments.
- ETF Underperformance: During this period, both SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) ETFs fell more than 2%, indicating a lack of investor confidence in the gold market, potentially leading to capital outflows from these gold-related investment vehicles.
See More
- Inclusion in GDXJ ETF: U.S. Gold Corp. announced its inclusion in the VanEck Junior Gold Miners ETF effective March 20, 2026, which is expected to enhance market visibility and attract more investor interest.
- Improved Trading Liquidity: This inclusion is anticipated to improve the company's trading liquidity, likely attracting greater institutional investors and enhancing the company's capital market financing capabilities.
- Increase in North American Companies: The quarterly rebalance included 27 additions to the GDXJ, with 17 being North American companies, indicating a growing recognition of high-quality junior mining firms in the market.
- Validation of Strategic Positioning: The Executive Chairman stated that inclusion in the GDXJ validates U.S. Gold's strategic positioning and supports its project development and resource exploration in stable jurisdictions.
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