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Loyal Lithium Limited (ASX:LLI) (Loyal Lithium, LLI, or the Company) is pleased to announce the execution of a definitive agreement for the consolidation of the Hidden Lake Lithium Project, with Patriot Battery Metals (ASX:PMT) becoming a substantial LLI shareholder. Mr. Blair Way, Non- Executive Director and former President & CEO of Patriot Battery Metals, will join the Loyal Lithium Board of Directors, bringing valuable regional and industry expertise to guide the company’s growth initiatives. The consolidation of the Hidden Lake Lithium Project provides Loyal Lithium with greater flexibility and optionality to deploy innovative exploration and development solutions.

Highlights

  • Loyal Lithium is pleased to announce the execution of a definitive agreement for the consolidation of the Hidden Lake Lithium Project, with Patriot Battery Metals (ASX:PMT) becoming a substantial Loyal Lithium shareholder.
  • Mr. Blair Way, Non-Executive Director and former President & CEO of Patriot Battery Metals, will join the Loyal Lithium Board of Directors, bringing valuable regional and industry expertise to guide the company’s growth initiatives.
  • The consolidation of the Hidden Lake Lithium Project provides Loyal Lithium with greater
  • flexibility and optionality to deploy innovative exploration and development solutions.
  • Loyal Lithium’s 100% owned Hidden Lake Lithium Project is strategically located 65 km from the mining city of Yellowknife, NWT. It is positioned between LIFT Power (TSXV:LIFT), which has a regional MRE1 of 50.4 Mt @ 1.0% Li2O, and the all-weather Highway 4.
  • Mr. Way is an experienced international executive with over 30 years of management experience within the resources and construction industry throughout Australasia, Canada, the United States, and Europe.
  • With $6.0 million in funding2, Loyal Lithium is well positioned to advance its promising Canadian lithium assets for the maturing North American lithium market.

Loyal Lithium’s 100% owned Hidden Lake Lithium Project is strategically located 65 km from the mining city of Yellowknife, NWT. It is positioned between LIFT Power (TSXV:LIFT), which has a regional MRE1 of 50.4 Mt @ 1.0% Li20, and the all-weather Highway 4.

Mr. Way is an experienced international executive with over 30 years of management experience in the resources and construction industry across Australasia, Canada, the United States, and Lurope. As President & CEO of Patriot Battery Metals, Mr. Way was integral in growing the company through the successful exploration and consolidation of the largest lithium deposit in North America, the Shaakichiuwaanaan Project (formerly Corvette). With $6.0 million in funding, Loyal Lithium is well positioned to advance its promising Canadian lithium assets for the maturing North American lithium market.

Commenting on the consolidation agreement and appointment of Mr. Blair Way, Loyal Lithium Managing Director, Mr Adam Ritchie, said:

‘We are thrilled to welcome Blair to the Loyal Lithium Board. His extensive regional and industry expertise will be invaluable as we drive the company’s growth initiatives. Blair’s proven track record with Patriot Battery Metals speaks for itself and demonstrates his unique ability to advance projects and create shareholder value.’

‘The consolidation of the Hidden Lake Lithium Project enables us to actively explore emerging opportunities for innovative solutions in Canadian critical mineral mines. The Hidden Lake Lithium Project, located along a highway, features unique geology and mineralogy that could deliver meaningful economic and social benefits to the region.’

‘I look forward to working closely with Blair to execute our 2025 strategic plan and advance both our Hidden Lake project and the Trieste Lithium Project in Quebec.’

Commenting on his appointment, Loyal Lithium Non Executive Director, Mr Blair Way, said:

‘It has been a pleasure working with Adam and the Loyal Lithium team over the last 18 months. The team has done a great job in advancing their Canadian hard rock lithium assets, achieving significant milestones to date.

The long-term source of North America’s lithium is becoming increasingly clear with several Quebec-based world-class hard rock assets now defined. The Trieste Greenstone Belt demonstrates significant potential, showing early-stage characteristics similar to those seen by Patriot Battery Metals at Shaakichiuwaanaan.

The collaboration potential of the Trieste Greenstone Belt is the key to unlocking value for all, contributing to the sustainable development of the lithium industry. I look forward to working with the Loyal Lithium team to realise this potential and further advancing Loyal’s assets.

THE HIDDEN LAKE LITHIUM PROJECT CONSOLIDATION AGREEMENT

The Hidden Lake Lithium Project was initially structured as a 60% Loyal Lithium and 40% Patriot Battery Metals joint venture. The parties involved have now agreed to divest Patriot Battery Metals’ minority 40% holding in exchange for shares in Loyal Lithium.

Click here for the full ASX Release

This post appeared first on investingnews.com

The World Gold Council (WGC) has released its 2025 gold outlook, highlighting various macroeconomic factors, geopolitical risks and central bank activity as pivotal forces influencing demand and prices.

While 2024 saw gold achieve a stellar performance with a 28 percent annual increase, the outlook for 2025 is characterized by a mix of opportunities and challenges stemming from both global and regional developments.

The yellow metal has benefited from its historical role as a hedge against uncertainty, but the WGC forecasts that its performance next year will depend on other key variables as well.

Gold to face complex drivers next year

Looking back at 2024, the WGC outlines multiple factors that drove gold’s strong performance.

For instance, central bank demand reached significant levels, underscoring the metal’s enduring role as a safe-haven asset. Central banks have now been net buyers of gold for nearly 15 years.

Meanwhile, investor interest surged amid geopolitical instability and market volatility, particularly in the third quarter, when western investors returned to the market, driven by lower yields and a weakening US dollar.

Asian demand, a critical component of the gold market, played a supportive role in the first half of the year.

Indian demand was buoyed by favorable policy changes, including a reduction in import duties, while Chinese investors turned to gold amid concerns about economic growth.

Heading into 2025, the complex global economic picture is creating uncertainty for gold.

In the US, Donald Trump is expected to introduce policies that stimulate domestic economic growth during his second term as president, potentially driving risk-on sentiment in the short term. However, these policies could also create inflationary pressures and disrupt supply chains, leading investors to seek the stability of assets like gold.

Central banks, including the US Federal Reserve, are anticipated to continue cutting interest rates. Market consensus suggests the Fed will cut by 100 basis points in 2025, with similar actions expected in Europe.

The WGC forecasts in its report that a dovish monetary policy environment could be supportive for the gold price, particularly if inflation remains above target levels. On the other hand, any reversal in monetary policy or a prolonged pause in rate cuts could present challenges for gold, as higher opportunity costs may deter investors.

Similarly, subdued economic growth could limit consumer demand, particularly in Asia, where gold plays a dual role as an investment and a cultural staple.

Asia and central banks to lead gold buying

In 2025, the WGC predicts that Asia will remain a cornerstone of the global gold market. The continent accounts for over 60 percent of annual demand, excluding central bank activity.

Chinese consumer demand, which has been relatively muted, is likely to hinge on the country’s economic policies and growth trajectory. Trade tensions and domestic stimulus measures could sway demand either way, while gold may face increased competition from alternative investment avenues such as equities and real estate.

For its part, India is better positioned to sustain gold demand. With economic growth projected to remain above 6.5 percent and a smaller trade deficit compared to other US trading partners, the WGC believes Indian consumers are likely to continue purchasing gold both for investment and cultural purposes.

Central bank activity will remain a critical driver for gold in 2025. While demand may not reach the heights of recent years, it is expected to surpass long-term averages, providing a consistent source of support for the market.

Central bank purchases are influenced by geopolitical risk, sovereign debt levels and portfolio diversification. These drivers are unlikely to wane, ensuring that central banks will continue to play a stabilizing role in the gold market.

However, any significant deceleration in central bank demand could exert downward pressure on the gold price, particularly if combined with other bearish factors such as higher interest rates or reduced investment flows.

Overall, the WGC predicts that in 2025 the gold market is likely to be shaped by the interplay of four primary drivers: economic expansion, risk, opportunity cost and momentum.

Economic growth, though expected to remain positive, will likely be below trend, limiting the scope for consumer demand growth. Geopolitical risks, including ongoing tensions in regions like South Korea and Syria, may prompt investors to increase their allocations to gold as a hedge against uncertainty.

The opportunity cost of holding gold, determined by interest rates and yields, will be a critical factor. Lower rates should support gold, but any unexpected tightening of monetary policy could dampen investment demand.

Finally, market momentum, influenced by technical factors and investor sentiment, will play a role in determining gold’s short-term performance. A strong start to the year, fueled by initial risk-on sentiment, could pave the way for a more stable or even bullish trajectory, provided macroeconomic conditions remain favorable.

How will the gold price perform in 2025?

Market consensus suggests gold will remain rangebound in 2025, potentially seeing modest gains.

However, the WGC reminds investors that the market is not without risks. A rapid deterioration in financial conditions, unexpected geopolitical developments or a sharp rise in central bank demand could provide upside surprises.

Conversely, a reversal in monetary policy or subdued demand from key markets could cap gold’s performance.

Either way, both investors and analysts will closely monitor developments related to the key regions and variables mentioned to gauge the direction of the gold market this coming year.

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

This post appeared first on investingnews.com

Chris Temple, founder, editor and publisher of the National Investor, outlined the main factors he sees impacting the gold price heading into 2025, saying the yellow metal will undoubtedly move higher.

In his view, its rise will come as market participants realize how many problems the US economy is facing.

‘I think that once that reality sets in, gold will get its next big lease on life and the stock market is going to bog down. I think we’re going to see a lot of rotation in the market that will start to favor real assets and real value — away from everybody chasing the same relative handful of stocks as we’ve seen,’ Temple explained.

Aside from gold, Temple spoke about natural gas and uranium, his other two favorite commodities in the near term.

He also discussed the potential implications of Donald Trump’s second presidency, saying it will be key to watch how he develops the US’ relationship with China, especially as the Asian nation grapples with internal problems.

‘This is the most important thing that consumers and investors and policy makers need to watch in 2025 — is Trump smart on how he deals with all of this and rebuilds our own industries to compensate for years down the road? Or is he going to be ham-fisted about it and cause more problems than he solves?’ Temple questioned.

Watch the video above for more from Temple on what’s to come in 2025.

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

This post appeared first on investingnews.com

‘I call it a doom loop — it’s a vicious circle in the wrong direction, which I believe will ultimately lead to the government having to say, ‘Okay, this isn’t going to work. We are going to institute yield curve control or QE, or we’re going to buy the bonds,” he explained on the sidelines of the New Orleans Investment Conference.

Lepard believes it’s important to hold both gold and Bitcoin, noting that the only wrong allocation is zero.

‘I fully expect Bitcoin’s going to go to US$200,000, and I fully expect gold’s going to go to US$5,000 (per ounce) in the next couple of years,’ he said. ‘All the suffering gold stock holders out there … we’re going to be very pleasantly surprised.’

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

This post appeared first on investingnews.com

A former Chinese soccer star and coach of the country’s national men’s team has been sentenced to 20 years in prison for corruption, state media reported on Friday.

Li Tie, 47, who played for the English Premier League Everton alongside Wayne Rooney in the early 2000s, is the biggest name to fall foul of a sweeping crackdown on rampant graft in China’s professional soccer league.

Despite leader Xi Jinping’s vision to turn China into a “world soccer superpower,” Chinese professional soccer has been mired with poor financial decision making, deep-rooted corruption and disappointing performance.

In 2022, after China’s national men’s team suffered a disappointing elimination in the preliminary stage of the FIFA World Cup in Qatar, the country’s anti-graft agency launched a far-reaching investigation into bribery and match-fixing in Chinese professional soccer.

Li was the first among about a dozen soccer officials ensnared in the crackdown. In March, Chen Xuyuan, the former head of China’s official soccer association, was sentenced to life in prison for corruption.

On Friday, Li was sentenced for multiple counts of bribery by a court in the city of Wuhan, state broadcaster CCTV reported.

During his trial in March, prosecutors accused Li of accepting more than 50 million yuan ($6.8 million) in bribes between 2019 and 2021, when he served as the head coach of China’s national team and national select team.

In exchange, he granted favors to certain players to be selected into the national team and helped certain clubs to win matches, according to prosecutors.

To become the head coach, Li and the club he was coaching at the time arranged bribes totaling 3 million yuan (US$412,800) to help him secure the role, the court heard.

Li was also accused of fixing matches for the two clubs he coached in Chinese leagues between 2015 and 2019, according to the prosecutors.

In a documentary about the soccer sector anti-corruption crackdown aired by CCTV in January – weeks before the trial, a remorseful Li said he “deeply regretted” taking the wrong path.

“When I was a player, I despised people who played fixed matches the most,” Li said during the show. But after becoming the head coach of a club, he realized it was a shortcut to improve his club’s ranking.

“Achieving success through such improper means actually made me increasingly shortsighted and eager for quick results,” he said. “It became a habit, and eventually, I even started to rely on it.”

China’s Communist Party-controlled courts have a conviction rate above 99 percent and it is not uncommon for state broadcasters to air confessions before trial in high profile cases.

Li is considered among the best Chinese players of his generation, and one of the most recognizable names in Chinese soccer.

In 2002, Li, along with star defender Sun Jihai of Manchester City, made history as the first Chinese players to play in the English Premier League, securing his status as a national sporting icon.

Li made 29 appearances for Everton during his debut season in England, as part of a memorable side that included a young Wayne Rooney and former Nigerian captain Joseph Yobo.

That year Li also represented China at the 2002 FIFA World Cup in South Korea and Japan, the first and only appearance for the men’s team at the quadrennial tournament.

Following his successful first season, Li signed a three-year contract with Everton, but his time in the first team was marred by a series of Injuries and he returned to China in 2008 after a brief but unsuccessful spell with Sheffield United.

Many Chinese soccer fans had hoped that Li, once the pride of Chinese soccer, could lead the men’s national soccer team into the World Cup when he was appointed the head coach in January 2020.

But Li resigned barely two years later amid an outpouring of backlash from fans over the team’s lackluster performance in the 2022 World Cup qualifiers.

This post appeared first on cnn.com

NATO head Mark Rutte warned the US-led transatlantic alliance on Thursday that it was not ready for the threats it would face from Russia in the coming years and called for a shift to a wartime mindset – with much higher defense spending.

Rutte said future spending would have to be much higher than the current alliance target of 2% of national wealth as measured by gross domestic product (GDP).

“Russia is preparing for long-term confrontation, with Ukraine and with us,” Rutte said in a speech in Brussels.

“We are not ready for what is coming our way in four to five years,” the NATO secretary-general said, adding: “It is time to shift to a wartime mindset, and turbocharge our defense production and defence spending.”

The alliance estimates 23 of its 32 members will meet the 2% target this year.

“During the Cold War, Europeans spent far more than 3% of their GDP on defense,” Rutte said. “We are going to need a lot more than 2%,” he added.

NATO members are grappling with renewed pressure from US President-elect Donald Trump, who has called for America’s allies to spend 3% of GDP on defense.

Rutte, a former Dutch prime minister, said that the alliance must step up on defense production, calling on governments to “stop creating barriers between each other and between industries, banks and pension funds.”

He sent a message to the defense industry: “There is money on the table, and it will only increase. So dare to innovate and take risks.”

The NATO chief also warned of a “coordinated campaign to destabilize our societies” including cyberattacks and assassination attempts.

Rutte also cautioned about China’s ambitions, saying that Beijing is substantially building up its forces “with no transparency and no limitations.”

This post appeared first on cnn.com

France’s embattled President Emmanuel Macron has appointed Francois Bayrou as prime minister, he announced on Friday, as he seeks to calm a political crisis that has left his authority dwindling by the day.

Macron’s office made the announcement a week after the former office holder Michel Barnier lost a vote of no confidence, forcing him to submit his resignation.

But Bayrou must now look to pass a budget through a sharply divided parliament, where Macron faces an avowed opposition from both the left-wing and far-right blocs.

This is a breaking news story. More details soon…

This post appeared first on cnn.com

Not many children can say they took their first steps on board a yacht in the Arctic’s northwest passage. But Tom can. He spent three of the first four years of his life at sea, with his parents Ghislain Bardout and Emmanuelle Périé-Bardout — ocean explorers and founders of Under The Pole, an organization on a mission to document the deep.

The Bardouts estimate that both their children — Tom and Robin, now aged 8 and 12 respectively — have spent around half their lives aboard the family’s expedition schooner, “The Why.”

They’ve explored the furthest reaches of the planet, from polar ice to tropical reefs, as part of a mission to document the ocean’s mesophotic, or “twilight,” zone, an area that lies between 30 and 150 meters (100 and 490 feet) below the surface.

The couple, both passionate divers, decided that they wanted a family but weren’t ready to give up on ocean expeditions. “So we invented the way we wanted to work and live,” says Emmanuelle.

When on land, the family is based in Concarneau, a small coastal town in Brittany, northwestern France. When at sea, the 18-meter-long yacht becomes their home, shared with around 10 other people, including scientists, doctors, a cook and a teacher.

Despite their unusual setup, Emmanuelle insists they still have a normal routine. “We work like normal people and have kids at school,” she says.

However, most ordinary people don’t do the same work as the Bardouts. In fact, few have seen what they have seen in the deep ocean – and that’s the point.

While oceans cover 70% of the planet, they remain some of the least explored and understood ecosystems on Earth. Less than 30% of the global seafloor has been mapped in any detail and experts estimate that up to 91% of marine species are still unknown to science.

What is known is that these ecosystems are coming under increasing stress, threatened by a rise in sea temperature, leading to mass bleaching events, as well as pollution and overfishing. The Bardouts believe that by documenting what lies beneath the surface, they may be able to raise awareness of the threats and aid its recovery.

“We go to places where nobody has been before,” says Emmanuelle. “I think when you are doing exploration like we are doing, it gives us a huge responsibility.”

Mediterranean forests

Most recently, the family were exploring waters a bit closer to home, in the Mediterranean Sea. For Under The Pole’s DeepLife program, which is part of the Rolex Perpetual Planet Initiative, they went on a series of two to three-month missions, searching for what they call “marine animal forests” in Greece, Italy and France.

These are diverse ecosystems in the deep ocean, full of sponges and corals such as red gorgonia and black coral, that form something like a terrestrial forest, with its own microclimate that provides a refuge for a range of species.

However, like forests on land, they are fragile, and if disrupted the ripple effects are significant. “If you cut this habitat, all the other species are going to disappear and by the end you will just have a rocky desert,” says Ghislain.

He explains that in recent years the Mediterranean has suffered from more frequent and severe marine heatwaves that have killed a lot of surface ecosystems. It is also affected by bottom trawling, a fishing technique that tows a net along the ocean floor to catch fish.

Ghislain says the aim is to study the biodiversity, ecosystems and ecological function of these marine animal forests, in particular how the twilight zone is faring in comparison to shallower waters.

The team traveled to Fourni, Greece, because they had seen images of a potential forest captured by an underwater drone in 2021, which they wanted to document for the first time. After various unsuccessful dives and spotting signs of bottom trawling on the seafloor, they feared that it might have been destroyed altogether. Then, they discovered it: a rich marine animal forest about 100 meters (328 feet) deep.

“When you find a marine animal forest, you find an oasis, you find life, you find a very rich ecosystem that is living all together,” says Ghislain. “It’s really this oasis of life we want to show to the world.”

Over the weeks that followed, they collected data on every aspect of the ecosystem, from currents and acoustics to bacteria and sea life. They plan to collate all of this research and present their findings in June 2025 at the United Nations Ocean Conference in France. By proving the importance of these ecosystems, they hope to persuade governments to protect these areas and take action against the fishing practices that are damaging them.

Deep diving

It is only in recent decades that technology has advanced enough to enable dives into the twilight zone, and it is still an incredibly specialist operation, requiring years of training. Divers use “rebreathers,” originally designed for military purposes, which absorb carbon dioxide from exhalations and recycle it as oxygen. This allows them to stay underwater far longer than with scuba tanks, and because it doesn’t create bubbles, it causes less disruption to the sea life.

On a typical mission, lasting six or seven months, the team will complete between 300 and 400 dives, says Ghislain. Each one can last anywhere between three and six hours, with the majority of that reserved for the ascent, allowing the body time to decompress.

“When we are at 100 meters, time is running super fast,” he says. “We are focused on the mission, deploying samples, deploying sensors, taking some pictures… and then after 20 minutes more or less, it’s time to go up.”

It’s physiologically exhausting – you can lose 5 kilograms (11 pounds) of weight during one dive, says Emmanuelle – and it can lead to accidents, including decompression sickness and pulmonary overinflation syndrome, when the lungs expand beyond their capacity.

She admits her attitude to dives has changed since having children. There is more at stake, and sometimes she and Ghislain are cautious about diving at the same time. But despite this, she believes it is worth it.

She remembers as a young girl looking up to the French underwater explorer Jacques Cousteau. Now, she is living that very life, and so are her children. “I don’t think our kids realize how lucky they are,” she says, “we can nourish their curiosity.”

In some way, Robin and Tom also represent the future generation that the Bardouts are fighting for. Over years of expeditions, Ghislain and Emmanuelle have witnessed firsthand the consequences of climate change and understand the urgency of the situation.

“Humanity is destroying its environment, at sea, on land, everywhere,” says Ghislain. “This is a huge problem of this century and the one we have to try to solve for the next generation.”

This post appeared first on cnn.com

The sentence was made on the grounds that the crime was a “major sexual infringement,” Judge Tetsuro Sato of Naha District Court said on Friday, according to public broadcaster NHK.

“The girl’s testimony that she told her age by gestures and other means is sufficiently credible from the security camera footage,” the judge said.

“The defendant was aware that the girl was under 16 years old. The defendant was aware that the girl may have said ‘stop’ and may not have consented. Given the relationship and age difference between the two, who had never met each other, it is a crime of great sexual violation that stands out for its maliciousness.”

The US Air Force member, Brennon R. E. Washington, was indicted on March 27 on charges of “non-consensual sexual intercourse” and “indecent kidnapping” after he was discovered to have taken a 16-year-old Japanese girl to his residence last December and sexually assaulting her, Japanese prosecutors said.

“We are heartbroken and deeply regret the damage done to the victims and their families,” Air Force Brig. Gen. Nicholas Evans, commander of Kadena Air Base, told local media on Friday. “Sexual assault is a serious crime and in no way reflects the values of US military personnel.”

The incident is the latest in a history of criminal cases involving US personnel in Okinawa, home to several US military installations. It could exacerbate tensions with residents who have long opposed the presence of American troops and weaponry on the island.

It also comes nearly 30 years after three US servicemen raped a 12-year-old Okinawa schoolgirl in 1995, sparking a backlash against the US military on the island.

In 2016, the rape and murder of a 20-year-old woman by a former US base worker in Okinawa triggered mass protests in the island’s capital, with tens of thousands of residents demanding the US move its bases outside of Okinawa. The fallout resulted in curfews for US personnel on the island.

In another crime involving US personnel in Japan, a US Navy officer killed two Japanese nationals while driving down Mount Fuji in 2021.

Okinawa Gov. Denny Tamaki told reporters in June this year that the allegations of rape and kidnap against Washington were “extremely regrettable,” adding it was necessary “to strongly protest against the US military and other related organizations.”

The governor also said his office will “take a tough stance in dealing with the situation.”

“All US service members are expected to uphold the highest standards, and the US military is committed to holding accountable those who are convicted of criminal acts,” Nelson said.

This post appeared first on cnn.com

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

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