Latest News

Australian Gold Production Near Record Levels – Surbiton Associates

(Kitco News) – Australian gold production continues to fire on all cylinders and could result in record output this year, according to Australian gold mining consultants Surbiton Associates in a report released Sunday.

Newmont Declares Commercial Production At Gold Project In Ghana

Newmont Mining Corp. (NYSE: NEM) announces the declaration of commercial production at the Subika Underground project in Ghana, which will add between 150,000 and 200,000 ounces of gold for each of the first five years.

Commerzbank: Brexit ‘Should Generate Good Demand For Gold As Safe Haven’

Gold, which is near the upper end of its trading range from the last two weeks, may draw some support from uncertainty surrounding European politics, particularly Brexit, says Commerzbank.

Gold, Silver Prices Firmer On Friendly Outside Markets

Gold and silver prices are modestly up in early U.S. dealings Monday, supported in part by a rebound in crude oil prices and a weaker U.S. dollar index today.

Bitcoin Daily Chart Alert – Downward Spiral Shows No Sign Of Ending – Nov. 26

Bitcoin Plunges Below $4,000, Is $3,000 Next?

Bitcoin briefly fell below its most recent support level of $4,000, with some analysts now saying that a breach below $3,000 could be next.

Silver Sees More Selling Pressure, Gold-Silver Ratio Hits New Highs

(Kitco News) – When it rains it pours, at least for the silver market, which has seen its value compared to gold fall to a new 25-year low.

7% Drop In Oil Makes Difficult But Not Impossible Environment For Gold – Analysts

(Kitco News) – Once again, lower oil prices are dominating commodity markets, casting a dark shadow even over safe-haven assets like gold. Analysts note that because oil is a significant component in many indexes, it will be difficult for gold prices …

Wall St., Main St. Look For Gold To Shine

Wall Street and Main Street are bullish on the near-term direction of gold prices, based on the weekly Kitco News gold survey.

Gold Prices See Little Reaction To Modest Drop In U.S. Flash PMI Data

(Kitco News) – The gold market remains in negative territory and is seeing little reaction to weaker preliminary sentiment data in both the manufacturing and service sector data.