Northern Dynasty Minerals Ltd. (NYSEAmerican:NAK) saw a 28% increase last week, driven by rising copper and gold prices. Gold spot prices rose by 1.97% to $4,239 per troy ounce while copper climbed 2.28% to $11,189 per metric ton. Investors are eyeing precious metals ahead of an expected interest rate cut.

The Federal Reserve is expected to announce a 25-basis-point rate cut at its last open market committee meeting of the year. Lower rates typically weaken the US dollar, benefiting producers like Northern Dynasty Minerals Ltd. (NYSEAmerican:NAK) as precious metal prices become cheaper to buy.

Recent financial reports show a 72% wider net loss for Northern Dynasty Minerals Ltd. (NYSEAmerican:NAK), with operating losses up by 78% year-on-year. Higher expenses from exploration and general administrative items contributed to the increased losses for the company.

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Read more at Yahoo Finance: Northern Dynasty (NAK) Jumps 28% on Copper, Gold Rush