Gold's 5% Two-Day Crash, Uranium Energy's Record Quarter, and Japan Backs Western Graphite

Gold falls 3.5% to $4,109 — 7-week low; 10-year Treasury yield 5.23% (highest since 2007); Brent crude $105.28 on Strait of Hormuz standoff/Trump rejection; silver -5% to $60.75 (Heraeus note on $60 support); Newmont -4% premarket; Barbara Lambrecht (Commerzbank) quote; October Fed hike 65% probability; gold -10% since Sep 1, -17% from Feb high; JOLTS/PCE/jobs week ahead.

Uranium Energy Corp FY2026 results — Q4 production 82,744 lbs (+157% QoQ); total cost/lb $36.54 (-33%); FY revenue $37.3M, gross profit $16.9M; realized price $93.13/lb unhedged; $753M liquid assets, zero debt; Christensen Ranch (Wyoming) + Burke Hollow (Texas) ISR operations.

NextSource Materials US$30M Hanwa + JOGMEC binding share subscription — 15% combined stake, 85% NextSource retained; Molo Madagascar graphite feed (11,000 tpa); SPG for EV anodes; Abu Dhabi facility pre-EPC mobilisation; CEO Hanré Rossouw quote; JOGMEC government strategic backing.

Sources:
- Guardian Gold — Gold 7-week low: https://guardian-gold.com.au/market-updates/overnight-summary-precious-metals-prices-29-09-2026/
- Mitrade — Gold 2007 yields: https://www.mitrade.com/au/insights/news/live-news/article-2-2121918-20260929
- Seeking Alpha / UEC — FY2026 results: https://seekingalpha.com/news/4647872-uranium-energy-reports-fy-results
- Mining.com.au — NextSource UAE: https://mining.com.au/nextsource-secures-42-7-million-japanese-backing-for-uae-anode-plant/