Why 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…
Read moreRio Tinto opens new scandium plant in Canada
(Kitco News) – Rio Tinto announced Thursday that it has started operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec.
Read moreNeo produces 99.9% purity lithium carbonate at 3Q
(Kitco News) – On Thursday, Neo Lithium (TSXV:NLC) announced that the company produced highest battery grade lithium carbonate to date at its 3Q project in Argentina with 99.9% purity.
Read moreNornickel says its fund is first ETC issuer to use blockchain
(Kitco News) – Russian mining giant Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper
