All-time highs are off the table for gold price this year and it’s the Fed’s fault – DailyFX
(Kitco News) – The gold market has managed to find some support and appears to be making a run back towards $1,800 an ounce. However, one market analyst warns that the Federal Reserve has done a lot of damage to the precious metal, and new all-time hig…
Read morePolyus says its gold production to decline in 2021, expects investment decision on Sukhoi Log in 2022
(Kitco News) – Polyus (LSE, MOEX — PLZL), the largest gold producer in Russia and fourth-largest gold mining company by production globally, today reiterated its production target for 2021 at ca. 2.7 million ounces of gold, which is 3% less compared to 2020 (2.77 million ounces).
Rio Tinto and Schneider Electric join forces to drive decarbonisation
(Kitco News) – Rio Tinto, a leading global mining and metals company, and Schneider Electric, the leader in digital transformation of energy management and automation, announced today that the companies have signed a memorandum of understanding (MoU) f…
Read moreGold prices holding gains following 5.9% drop in U.S. new home sales
(Kitco News) – Once a major pillar of support for the U.S. economy, the housing sector continues to lose momentum as fewer new homes were sold in May.
Read moreGold prices pushing close to $1,800 but see little reaction to mixed flash PMI data
(Kitco News) – Gold prices are holding on in positive territory pushing close to $1,800 an ounce following mixed sentiment in the manufacturing and service sectors.
Read moreGold, silver see corrective price bounces at mid-week
(Kitco News) – Gold and silver prices are moderately up in early U.S. trading Wednesday as the metals are seeing corrective rebounds from recent strong selling pressure.
Read moreBitcoin daily chart alert – Bulls work to stabilize prices at mid-week – Jun. 23
(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Wednesday, on a corrective bounce after hitting a nearly six-month low on Tuesday. The bears have the firm near-term technical advantage.
Read moreSilver has not yet recovered from the post FOMC drop
(Kitco News) – Silver still has not recovered from the post FOMC sell-off last week that cause the short-term spike in rates (front of the curve). Silver is very different from gold. It still has many industrial uses and although it can be classified a…
Read moreSo far so good with global manufacturing PMI’s
(Kitco News) – Flash manufacturing PMI’s have very good across the world this morning and overnight as all the readings so far have remained in expansionary territory. In particular, the German number for the month of June hit 69.4 vs expectations of 6…
Read moreGold moves higher ahead of the European open
(Kitco News) – Gold and silver are once again trading higher before the European open. During Tuesday’s session, gold started the session higher and by the time U.S. traders entered the fray the precious metal hit a low of $1772.48/oz. Silver is tradin…
Read more