Is Gold Overpriced? This Bullish Firm Thinks So
Even though geopolitical tensions could push gold to much higher levels, currently the precious metal remains overpriced, says one expert.
Read moreKeener Risk Appetite Tempers Gold Bulls
A “risk-on” trader and investor mentality in the marketplace early this week is keeping the safe-haven gold bulls squelched.
Standard Chartered: Electric Cars Won’t Take Away PGM Demand For Years
Standard Chartered does not look for battery-powered vehicles to detract from demand for platinum group metals for at least the next eight years.
Read moreGold Backs Off On Profit Taking, Bounce In Greenback
Gold prices were ending the U.S. day session solidly lower on some normal profit taking after hitting a 12-month high last Friday.
Read moreMoney Managers’ Bullish Gold Positioning Hits 2017 High
The most recent data collected by the Commodity Futures Trading Commission shows that money managers have pushed their bullish gold positioning to the highest level of 2017, analysts said.
Read moreBAML Keeps $1,400 Target Even As Gold Eases On Profit-Taking
One bank maintained its $1,400-an ounce outlook for gold Monday even as prices cooled on profit-taking, commenting that the precious metal was not yet in overbought territory.
Read moreCoeur Acquires Silvertip Silver-Zinc-Lead Mine In Canada
Coeur Mining, Inc. (NYSE: CDE) has agreed to acquire privately-owned JDS Silver Holdings, Ltd. and its subsidiary, which would make Coeur the new owner of the silver-zinc-lead Silvertip mine in northern British Columbia, Coeur announced Monday.
Read moreGuatemalan Court Reinstates License For Tahoe’s Escobal Mine
The Guatemalan Supreme Court has reinstated the mining license for Tahoe Resources Inc.’s (TSX: THO, NYSE: TAHO) subsidiary in the country, Minera San Rafael, the company announced late Sunday.
Alamos Gold To Purchase Richmont Mines
Alamos Gold Inc. (TSX, NYSE: AGI) has agreed to acquire Richmont Mines Inc. (TSX: NYSE: RIC) in a “friendly” all-stock deal valued at $770 million, the two companies announced Monday.
FXTM: Gold Drops But Dollar Vulnerability Likely To Offer Support
Gold has sagged so far Monday but U.S. dollar vulnerability means the precious metal is likely to remain supported in the long term, says Lukman Otunuga, research analyst at FXTM.
Read more