Why precious metal prices are up and QC Copper & Gold focuses on critical minerals in Quebec

War worries and a possible end to Fed tightening are some of the reasons gold is rebounding, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris and QC Copper & Gold CEO Stephen Stewart. The gold price has been on an unstoppable move higher when war fears entered the marketplace last week, that according to Kitco contributor David Erfle. Despite the U.S. 10-year bond yield rising to 5%, the safe-haven metal has risen from $1825 just two weeks ago to move closer to the key $2000 level notching up an impressive gain of 9%, so far this month.Adding to support is the Federal Reserve. At the Economic Club of New York Thursday, Fed Chair Jerome Powell reiterated his stance that interest rates will have to be higher for longer, but he provided little new guidance on monetary policy heading into year-end.Analysts have noted that the gold market has priced in a lot of bad news already, and the Federal Reserve, near the end of its tightening cycle, should not provide the same headwinds for the precious metal, wrote Kitco's Neils Christensen.Stewart's QC Copper & Gold (TSXV: QCCU) is focused on acquiring and developing copper projects in Quebec. The company is focused on its Opemiska property. A maiden resource estimate for the property showed 81.7M tonnes @ 0.88% CuEq of pit constrained measured and indicated mineral resources and 21.3M tonnes @ 0.73% CuEq of inferred mineral resources. "Historically speaking, billions and billions of pounds of copper have come out of Quebec," said Stewart.