Gold’s $1,900 price target is a ‘high hurdle,’ but positioning points to more gains – Standard Chartered
(Kitco News) – The $1,900 an ounce gold price target will be a tough one to breach on a sustainable basis in the short-term, but technical positioning points to more gains in the second half of the year, said Standard Chartered.
Read moreHedge funds remain bullish on gold, but momentum is starting to ebb
(Kitco News) – Hedge funds and money managers continue to increase their speculative bullish gold bets, but according to some analysts, the latest trade data from the Commodity Futures Trading Commission (CFTC) shows momentum is slowing.
Read moreMason confirms Lac Guéret graphite as one of the best Li-ion anode materials globally
(Kitco News) – Mason Graphite (TSX.V: LLG; OTCQX: MGPHF) announced Monday that the cycling tests, carried out on its full prototype pouch cell batteries, are conclusive, having crossed the objective of 1,000 charge & discharge cycles while maintaining a capacity retention of 80.6%.
Prospect says its Arcadia lithium plant in Zimbabwe nears completion
(Kitco News) – Prospect Resources (ASX: PSC, FRA:5E8) announced today that approximately 92% of the Engineering, Procurement and Construction (EPC) scope for its high purity Arcadia lithium pilot plant in Zimbabwe has been completed.
Read moreInvestors once again see value in gold as 65.3 tonnes flows into ETFs in May – WGC
(Kitco News) – Investors are once again jumping back into the gold market, ending three months of consecutive outflows in gold-backed exchange-traded funds (ETF), according to the latest data from the World Gold Council (WGC)
Read moreGold, silver see price weakness amid little risk aversion
(Kitco News) – Gold and silver prices are modestly lower in early morning U.S. trading Monday, on some more mild profit-taking pressure from recent gains and as the safe-have metals see little risk aversion in the global market place at present.
Read moreBitcoin daily chart alert – Quieter start to trading week – Jun. 7
(Kitco News) – Bitcoin-U.S. dollar prices are a bit higher in early U.S. trading Monday, in a slow start to the trading week, compared to the past couple weeks.
Read moreChinese official trade data shows a drop in metals purchases
(Kitco News) – It is fair to say copper has had a decent run over the last few months but as China looks to ward off inflation their imports of the base metal fell 8% in May. Customs data released overnight showed record-high prices further eroded buying interest in the world’s top consumer of the metal.
Gold price levels ahead of the U.S. open
(Kitco News) – Gold is in a firm consolidation mode at the moment after finding some firm support at the low volume now just under $1860/oz last week. The price of gold is around -0.33% lower on the session but yellow metal has really consolidated bet…
Read moreGold and silver trade lower heading into the European open
(Kitco News) – Gold and silver have moved lower leading into the first trading day of the week. Gold is trading -0.35% lower at $1883.45/oz, while silver has dropped over 1% to trade at $27.50/oz. In the rest of the commodities complex, spot WTI is dow…
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