gold price unchanged on the day, failing to get a lift from disappointing U.S. housing construction data
(Kitco News) – The gold market is holding critical support above $1,850 an ounce but remains unable to attract new bullish momentum even as momentum in the U.S. housing sector continues to slow.
Read moreSome price strength in gold, silver ahead of FOMC results
(Kitco News) – Gold and silver prices are modestly up in early morning U.S. trading Wednesday. Traders will remain tentative, however, ahead of the Wednesday afternoon conclusion of the Federal Reserve’s latest monetary policy meeting.
Bitcoin daily chart alert – Stable market at mid-week favors bulls – Jun. 16
(Kitco News) – Bitcoin-U.S. dollar prices are weaker in early U.S. trading Wednesday, but overall the market has turned into a stable trading affair just recently and that favors the bullish camp.
Read moreCould bitcoin miners be moving to the wild west?
(Kitco News) – Cryptocurrency miners have been based in China for a very long time and no doubt some will continue to mine there. There could be a new Sherrif in town as the previous bitcoin-friendly Beijing wants them out.
Read moreChinese induatrial production falls but the NBS say the employment situation has improved
(Kitco News) – Chinese Industrial Production year on year fell to hit 8.8% for the month of May vs analyst consensus estimates of 9.0% and previous reading of 9.8%. As the nation comes out of the COVID-19 pandemic these numbers will be suffering from a…
Read moreGold and silver trade higher leading into the European open
(Kitco News) -Gold and silver are trading marginally higher as we lead into the European session this morning. The yellow metal is trading at $1860/oz while silver has moved to reach $27.73/oz. In the rest of the commodities complex, copper trades -0.3…
Read moreNouveau Monde to raise more than C$100 million for graphite mine and anode plant
(Kitco News) – The company expects the net proceeds of the offering and the private placement to be used towards the development of the Matawinie graphite mine project and LiB anode plant project and for general working capital and corporate expense ne…
Read moreSenator Warren calls Bitcoin a ‘scam’, threatens more regulation; Alex Mashinsky says she’s wrong
(Kitco News) – Senator Warren calls Bitcoin a ‘scam’, threatens more regulation; Alex Mashinsky says she’s wrong
Eric Sprott increases its stake in machine learning exploration technology company
(Kitco News) – GoldSpot Discoveries (TSXV: SPOT), a leading technology services company leveraging machine learning to transform the mineral discovery process, announced that it has completed a non-brokered private placement to raise aggregate gross pr…
Read moreLegalizing Bitcoin will ‘completely collapse El Salvador’s economy’ – Steve Hanke
(Kitco News) – El Salvador has recently made Bitcoin legal tender. While the crypto community has rejoiced at the news, practical problems still remain.
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