‘We Found It All’: Goldcorp Says Mining Reached ‘Peak Gold’; Prices To Hit $1,600
All major gold deposits have already been found, said Goldcorp chairman Ian Telfer, adding that mining production can only go downhill from here.
Read moreRising Real Interest Rates Could Push Gold Prices $200 Lower – ANG Traders
If history holds true, gold prices could drop $200 as the market adjusts to rising bond yields, according to one trading firm.
Read moreGold Is Ready For A Rally, With This Analyst Eyeing $1,455
Gold’s substantial drop to below its key psychological level of $1,300 an ounce could be a sign that the precious metal is gearing up for a rally in the next few weeks, according to one analyst.
Gold, Silver Prices Stabilize After Beatdown
(Kitco News) – Gold and silver prices are steady to slightly up in early-afternoon U.S. trading Tuesday. Earlier in the session, both metals saw follow-through selling pressure after strong losses posted Tuesday.
Read moreGold’s Recent 2% Decline Is a Buying Opportunity – Natixis
(Kitco News) – While gold prices may have further room to fall in the near term, one French bank says current prices represent an exciting entry point for investors.
Read moreCommerzbank: ‘Limited Additional Downside Potential For Gold’
Treasury yields, with technical-chart selling accelerating the move. “We see only limited additional downside potential for gold,” Commerzbank says.
Bitcoin Daily Chart Alert—Bears Now Working On Downtrend
(Kitco News) – Bitcoin-U.S. dollar prices are lower and hit a three-week low in early U.S. trading Wednesday.
Read moreYamana Reports First Gold, Silver Pour At Cerro Moro
Yamana Gold Inc. (TSX: YRI; NYSE: AUY) announces that the first pour of gold and silver doré at Cerro Moro occurred on Tuesday. Cerro Moro is a high-grade gold and silver operation sourcing ore from a combination of underground and open-pit mining in Argentina.