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In a recent edition of Tech Metals Insider we reported about the role of iridium crucibles in the manufacturing of sapphire crystals, a process requiring temperatures of around 2,000 degrees celsius. For many years prior, iridium had already been used…
Read more(Kitco News) – Market participants wait impatiently for Thursday’s ECB meeting despite leaked European Central Bank documents suggesting a €50 billion per month bond-purchase program to be announced.
Read more(Kitco News) – Investors appear to be taking some profits off the table, pushing the gold price lower on Wednesday, ahead of the European Central Bank monetary policy meeting Thursday.
Read moreGold prices saw a modest sell off in late-morning Trading Wednesday, as a report the European Central Bank would indeed announce a quantitative monetary stimulus plan boosted U.S. and European stock markets, which in turn prompted some profit-taking p…
Read moreMarkets continue to digest the news of leaked documents from the European Central Bank proposing a €50 billion per month bond-purchase program. Eric Green, head of U.S. rates and economic research at TD Securities, says that, despite the headlines, there are still a lot of details missing that will add to market volatility on Thursday. “Is the ECB buying €50 [billion] a month through 2016 beginning in March – implying a buying program north of EUR1 T – or is the buying program confined to 2015 – implying EUR500 – with the option to do more based on incoming data?” he says. “In the case of the former it would be more than expected and in the case of the latter possibly less than expected.” However, he adds that the theme is clear that central banks around the world are “taking more aggressive action to shore up wobbly growth and a ubiquitous decline in actual and implied inflation.”
Read moreAlthough the banking sector is stronger than just a few years ago, some Davos panelists said it is now time for politicians to implement structural reforms.
Read moreSome shorter-term futures traders are ringing the cash register and taking profits in the gold market in late-morning trading Wednesday. After hitting a 5.5-month high overnight, gold prices have backed down and are trading moderately lower just befor…
Read moreAllied Nevada Gold Corp. (TSX:ANV)(NYSE MKT:ANV) produced 214,345 ounces of gold, a 12% increase year-on-year, and 1,818,637 ounces of silver, a 106% increase year-on-year.
Read more(Kitco News) – A sharp drop in oil prices has forced the Bank of Canada to cut its target overnight rate by 0.25%, brining interest rates to new historic lows of 0.75%.
Read more(Kitco News) – While most talk has recently focused on gold breaking records in euro terms, a closer look shows that the metal has been dominating the entire currency market.
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