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Tether deepens gold market ties with major stake in Elemental Altus Royalties

(Kitco news) – The ongoing evolution of the cryptocurrency market continues to draw comparisons with gold and other precious metals, as both sectors have emerged as important alternative monetary assets.

Spot gold at $3,385/oz as U.S. PPI cools more than expected in May

(Kitco News) – The gold market is trading AAAAA after the latest data shows U.S. producers saw cooler price pressures last month.The headline Producer Price Index (PPI) rose 0.1% in May, following April’s revised -0.2% reading, the U.S. …

Gold prices testing key resistance as U.S. jobless claims remain elevated at 248K

(Kitco News) – Gold prices are holding near session highs and testing critical resistance below $3,400 an ounce as the U.S. labor market continues to lose momentum, as the number of American workers applying for first-time unemployment benefits remains…

Silver will see ‘mini-squeeze events’ to address London-New York imbalance, price could hit $40 this year – TD Securities’ Ghali

Critical metals and Canada will play a key role in the evolving global economy – IEFA Montreal Conference

(Kitco News) – Geopolitical uncertainty remains at extreme levels, driving demand for safe-haven assets.

Aussie gold producers taking advantage of higher gold prices – Surbiton Associates

(Kitco News) – Not only is Australia’s gold market experiencing significantly elevated prices, but production also remains relatively stable, according to Melbourne-based gold mining consultants Surbiton Associates.

Gold modestly up following tame U.S. inflation report

(Kitco News) – Gold prices are posting mild gains but down from daily highs in midday U.S. trading Wednesday, following a key U.S. inflation report that did not raise any new red flags. Silver prices are modestly down.

Gold passes euro as second-largest reserve asset, central bank demand likely to impact future supply, prices – ECB

(Kitco News) – Gold has now surpassed the euro to become the number two reserve asset held by central banks, and sustained sovereign buying will likely impact the growth of the global gold supply going forward, according to new data published by the European Central Bank (ECB) on Wednesday.

Silver breaks key resistance, miners outperform; junior expert eyes $50 target

(Kitco News) – Silver has achieved a significant technical breakout, pushing above its 13-year resistance level of $35 per ounce, with prices touching $37 recently.

Gold price higher following tame U.S. inflation data

(Kitco News) – Gold prices are posting good gains in early U.S. trading Wednesday, following a key U.S. inflation report that did not raise any new red flags.