Australian Aging Mines Are ‘Running Out Of Gold’ — S&P Global
(Kitco News) – Australia’s gold output is expected to fall the most in the next five years as the nation’s aging mines begin to “run out of gold,” according to S&P Global Market Intelligence.
Gold To Surge To 6-Year Highs As S&P 500 Plummets By Year-End — Capital Economics
(Kitco News) – As the S&P 500 hit another record high on Tuesday, Capital Economics is saying that a major equities’ sell-off is coming by year-end, which will drive gold prices to six-year highs.
Chinese Lithium Giant Sees Profits Cut By 83%
(Kitco News) – Lithium prices have been in a long multi-year decline. According to Metal Bulletin, lithium cabonate reached a high of 180,000 yuan (US$26,726) per tonne at the start of 2017. The current price is 74,000 yuan (US$10,987).
Read moreGold, Silver Prices Bounce As U.S. Dollar Pulls Back
(Kitco News) – Gold and silver prices are moderately higher in midday U.S. trading Tuesday, supported by a drop in the U.S. dollar index early this week.
Read moreThe “Means That Matter” Point To Correction – Bloomberg Intelligence
(Kitco News) – The equities, commodities, and precious metals spaces all look like they are trading above their historic averages, which may signal a revision downwards to the mean, this according to Mike McGlone, senior commodity strategist at Bloombe…
Read moreGold Pares Gain After U.S. April Consumer Confidence Index Rises To 129.2
(Kitco News) – Gold prices trimmed their gains after a Conference Board Tuesday showing that the index for U.S. consumer confidence rose to 129.2 in April from a revised 124.2 in March. As of 10:04 a.m. EDT, spot gold was trading up $2.70 to $1,282.10 …
Read moreGold Higher After Chicago PMI Falls To 52.6 In April
(Kitco News) – Gold prices rose after the headline index for the Chicago Business Barometer, known as the Chicago Purchasing Managers Index, fell to an April reading of 52.6 from 58.7 in March. As of 9:53 a.m. EDT, spot gold was trading up $4.70 $1,282…
Read moreCommerzbank: China’s Gold Imports From Hong Kong Down From Year Ago
(Kitco News) – Commerzbank says China’s gold imports from Hong Kong remain subdued, raising the question – where does China get its metal?
Tradewind Appoints J.P. Morgan Executive As New CEO
(Kitco News) – Fin-tech startup Tradewind announced that it has appointed a new CEO — J.P. Morgan executive Michael Albanese.
Alacer Posts 1Q Profit; Output Rises Sharply
(Kitco News) – Alacer Gold Corp. (TSX: ASR; ASX: AQG), which has an 80% interest in the the Çöpler Mine in Turkey, reports a profit in the first quarter on sharply higher output and says it is on track to meet production guidance in 2019.