CIBC sees gold averaging $6,000 an ounce as safe-haven demand persists
(Kitco News) – Looking through the unprecedented volatility in metals markets, one Canadian bank remains bullish on gold and silver and expects to see higher prices by the end of the year.
Read moreSilver sharply down, leading gold lower, too
(Kitco News) – Silver prices are strongly lower near midday Thursday, and are leading gold prices lower, too, although the yellow metal is only moderately down.
Read moreBarrick advances North American gold spinout
(Kitco News) – Barrick Mining Corp.’s plan to spin out its North American gold assets into a separately listed company could unlock additional valuation upside, according to some analysts.
Read moreBarrick posts record cash flow, hikes dividend in Q4 as board moves ahead with North American IPO
(Kitco News) – Solid production and a parabolic rise in gold prices helped drive record cash flow for the world’s second-largest mining company in the final three months of last year.
Read moreA global currency requires ‘a reliable environment, a safe environment, where the rule of law is known and respected’ – ECB’s Lagarde
(Kitco News) – European Central Bank president Christine Lagarde delivered some significant statements about the policy direction of the United States in her press conference following the ECB rate announcement – some explicitly positive, some implicitly critical.Asked about U.S. President Donald Trump’s nomination of former Federal Reserve Governor Kevin Warsh to replace Jerome Powell as chair of the central bank in the spring of this year, Lagarde was unequivocally supportive.
Read moreGold remains under pressure even as US job openings drop to nearly 6 year low
(Kitco News) – The gold market can’t catch a break as prices remain under significant technical selling pressure, even as the U.S. labor market continues to cool, with the number of available jobs dropping sharply.
Read moreBitcoin February 5 daily chart alert – More price pressure amid bearish technicals
(Kitco News) – Thursday, February 5–February bitcoin futures prices are lower and hit a contract low and 15-month low in early U.S. trading Thursday.
Read moreSpot gold trades at $4,860/oz after U.S. weekly jobless claims spike to 231k
(Kitco News) – Gold prices were trading near session lows following the release of worse-than-expected labor market data after the number of Americans filing new claims for unemployment benefits was higher than economists’ forecasts.
Read moreGold market analysis for February 5 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Read moreGold market analysis for February 5 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
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