The gold market and miners still look good as bond yields can’t rise forever – Wood Mackenzie
(Kitco News) – The gold market is struggling to find consistent bullish momentum as prices hold above $1,700 an ounce. However, one research firm said that investors should be a little more patient as the precious metal still can surprise the upside.
Read moreRob McEwen ‘deeply pained’ for the company’s ‘awful’ financial performance in 2019 and 2020
(Kitco News) – Rob McEwen, Chairman & Chief Owner of McEwen Mining (NYSE: MUX) (TSX: MUX), said that he is “deeply pained” by the company’s “awful” financial performance in 2019 and 2020, but McEwen Mining is “shaping a better future.”
Gold price struggles as ECB’s Lagarde attempts to talk down bond yields
(Kitco News) – The gold market is losing some ground even as the European Central Bank (ECB) tries to talk down the sharp rise in bond yields, saying that it will frontload the asset purchases of its pandemic emergency purchase programme (PEPP).
Read moreGold price sees little movement following 42K drop in U.S. weekly jobless claims
(Kitco News) – Gold prices are gold relatively steady above $1,700 as fewer American workers apply for weekly unemployment benefits at the slowest pace seen so far this year.
Gold price up again as bulls gain some momentum
(Kitco News) – Gold prices are higher in early U.S. trading today, supported by stable U.S. Treasury bond yields, a weaker U.S. dollar index and higher crude oil prices.
Read moreBitcoin daily chart alert – Bulls strong, new highs in reach – Mar. 11
(Kitco News) – Bitcoin-U.S. dollar prices are higher again in early U.S. trading Thursday. Bulls have the solid overall near-term technical advantage and have gained even more power recently
Read moreECB holds interest rates steady front loads emergency asset purchases
(Kitco News) – The gold market is holding on to solid gains above $1,700 after the European Central Bank (ECB) reiterated that it will maintain its ultra-accommodative monetary policy.
Chinese Premier Li stands by 6% growth target
(Kitco News) – For the metals markets China is one of the most important countries in the world. Around 51% of base metals consumption comes from the nation and China is very active in the gold markets. Today there has been many comments from Chinese P…
Read moreBlackrock think gold might not be the inflation hedge we think it is
(Kitco News) – Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund recently gave an interview with Bloomberg in which he is starting to question gold’s strengths as a hedge to the rise inflation.
Gold and silver are once again higher leading into the EU open
(Kitco News) – Gold and silver are heading into the EU session both trading higher. The yellow metal is 0.61% in the black trading at around $1736//oz while silver is 0.58% higher at $26.34/oz.
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