Gold and silver move higher ahead of the European open
(Kitco News) – Gold and silver have moved higher leading into the European session despite more bearishness on Thursday. Gold is now trading at $1785/oz while silver has moved to $26.17/oz. One of the big stories from yesterday’s session was the drop i…
Read morePerth Mint accused of putting clients at risk, CEO Richard Hayes refutes allegations
(Kitco News) – Perth Mint accused of putting clients at risk, CEO Richard Hayes refutes allegations
Read moreGlobal zinc production to grow 25% by 2026 – report
(Kitco News) – According to the Australian Government’s Department of Industry, Science, Energy and Resources (DISER), world zinc mine production in 2020 declined by 5.9% from 2019.
Read moreWhy is gold down nearly $100 after Fed shakes up markets?
(Kitco News) – In just 24 hours, gold managed to lose nearly $100 after the Federal Reserve signaled higher inflation and updated its dot plot projections, showing a possibility of two rate hikes as soon as 2023.
Read moreIs this time to buy? Gold price down 4% as investors panic – State Street Global Advisors
(Kitco News) – The Federal Reserve has created some panic selling in the precious metal markets after its economic projections Wednesday showed the potential for two rate hikes in 2023. However, one market strategist said that investors are overreactin…
Read moreVista gets additional permits on its way to start gold mining in Australia
(Kitco News) – Vista Gold (NYSE American and TSX: VGZ) announced Thursday that it has received the Aboriginal Areas Protection Authority (“AAPA”) Certificate and Surface Water Extraction License from the Northern Territory Government for the company’s …
Read more‘We are not at risk of hyperinflation,’ but it’s been a ‘bumpy reopening’ – U.S. Treasury Secretary Janet Yellen
(Kitco News) – U.S. Treasury Secretary Janet Yellen faced a barrage of questions on inflation, irresponsible money printing, and employment shortages during her testimony before the House Ways and Means Committee.
Read moreGold, silver in tailspin as Fed turns hawkish, greenback surges
(Kitco News) – Gold and silver prices are sharply down in midday U.S. trading Thursday, hitting five-week lows and scoring the biggest daily losses in quite some time.
Read moreGold Mountain signs LOI with New Gold on 400% bump in ore deliveries
(Kitco News) – Gold Mountain Mining (TSX.V:GMTN) announced today that it has signed a letter of intent (“LOI”) with New Gold to increase its tonnage delivered to New Afton from 70,000 to 350,000 tonnes per annum beginning in year four of production.
Read moreRio Tinto confirms Peter Cunningham as CFO
(Kitco News) – Rio Tinto announced today that it has appointed Peter Cunningham as Chief Financial Officer with immediate effect. Peter, who has been Interim Chief Financial Officer since 1 January 2021, will also join the Rio Tinto Board as an executi…
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