Gold price at ‘steep discount’ vs. crude oil: $2,000 gold will be breached – Bloomberg Intelligence
(Kitco News) – Gold is re-starting its bull rally, with the precious metal currently trading at a “steep discount” to crude oil, according to Bloomberg Intelligence.
Read moreDynacor expects to beat 2021 guidance on strong gold sales
(Kitco News) – Dynacor Gold Mines (TSX-DNG), an international gold ore industrial corporation servicing artisanal and small-scale miners, today announced US$15.7 million in sales for May 2021 and cumulative 2021 sales of US$69.1 million. May was the co…
Read moreGold price has room to move higher, but investors need to be tactical as inflation pressures won’t last – Invesco
(Kitco News) – Although the looming inflation threat is not expected to be permanent, one fund manager said that there is still an argument to be made to have a tactical investment in precious metals for the next six to 12 months.
Read moreLeading Edge delivers positive PEA for its Woxna graphite project in Sweden
(Kitco News) – Leading Edge Materials (TSXV: LEM) today announced positive results of a preliminary economic assessment (“PEA”) for the development of its 100%-owned Woxna graphite mine and vertically integrated anode material production located in Swe…
Read moreBarrick says its return to shareholders is ‘one of the highest in the industry’ for 2021
(Kitco News) – Barrick Gold (NYSE:GOLD)(TSX:ABX) today confirmed that the per share amount of the first $250 million tranche of a return of capital distribution totalling $750 million to be paid on June 15, 2021 will be $0.1405117, based on the number …
Read moreECB’s Lagarde says its too early to talk about PEPP exit
(Kitco News) – ECB’s Lagarde has kicked off her press conference with a statement about how the ECB feel the state of the economy is performing at the moment.
Read moreSome price pressure on gold amid hotter U.S. inflation data
(Kitco News) – Gold prices are lower in early morning U.S. trading Thursday, hitting daily lows following a U.S. inflation report whose numbers were higher than expected, which in turn pushed U.S. Treasury yields up a bit.
Read moreGold prices bouncing off its lows as annual U.S. core CPI rises to its highest level since 1992
(Kitco News) – Gold prices are trying to bounce off their session lows, following a stronger than expected price in U.S. consumer prices.
Read moreFitch Solutions sees higher gold prices but momentum won’t last in 2022
(Kitco News) – The gold market is in a holding pattern within striking distance of $1,900 an ounce, and one firm sees the potential for higher prices, but the momentum might not last through the end of the year.
Read moreBitcoin and cryptocurrency market will grow as big as credit cards – CoinPayments
(Kitco News) – Using cryptocurrencies like bitcoin to make a transaction could become as commonplace as a credit card, according to the world’s largest cryptocurrency payment processing company.
