Gold, silver seeing normal, corrective pauses in price uptrends
(Kitco News) – Gold and silver prices are a bit firmer in midday U.S. trading Wednesday. The two metals are in normal pauses or corrections on the charts after gold hit a five-month high Tuesday.
Read moreGenser to supply Orezone’s Bomboré gold project with clean energy
(Kitco News) – Orezone Gold (TSX.V: ORE, OTCQX: ORZCF) announced today that it has signed a Power Purchase Agreement with Genser Energy Burkina for the supply of clean energy electrical power for its Bomboré gold project, located in Burkina Faso.
Miners at Kamoa-Kakula hauled a batch of 8.6% copper ore
(Kitco News) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced Wednesday that commissioning and ramp up of the Kamoa-Kakula Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant have progressed safely and quickly toward nameplate capacity.
Read moreBitcoin is substitute for copper, not gold – Goldman’s top commodity analyst
(Kitco News) – Digital assets like bitcoin are not a substitute for gold, but they can be an alternative to commodities like copper, said Goldman Sachs global head of commodities research Jeff Currie.
Read moreCopper, silver and gold should all be in your portfolio – BCA
(Kitco News) – With inflation pressures picking up, gold will be an attractive hedge in a portfolio. Still, copper and silver will also be an attractive asset to own, according to one research firm.
Read moreGold, silver see routine pauses in price uptrends
(Kitco News) – Gold and silver prices are not trading far from unchanged in early morning U.S. trading Wednesday. The two metals are in a normal pause after gold hit a five-month high Tuesday.
Read moreBitcoin daily chart alert – Bears keeping near-term advantage – Jun. 2
(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Wednesday. Not much new this week. Recent price action has formed a bearish symmetrical triangle pattern on the daily bar chart.
Read moreThe gold price rise has stalled in the EU session
(Kitco News) – Gold is trading -0.33% lower in the EU session after a slightly negative close yesterday with a doji type candle being printed.
Read moreCentral bankers at the RBA and ECB are sounding hawkish this morning
(Kitco News) – ECB’s Knot has said the EU and the world economy are growing faster than expected. In addition to this RBA’s Debelle household sector sitting on a decent pile of savings, have the capacity to spend.
Volkswagen to become a miner
(Kitco News) – In the interview, Schmall said its battery spin out will need to vertical integrate. Material costs are the driver.
Read more