The OECD believe things are looking up
(Kitco News) – The world economy is set to rise this year with a rebound of 5.6% in growth and an expansion of 4.0% next year, the Organisation for Economic Cooperation and Development said in its interim economic outlook.
Read moreThere has been some notable outflows in Gold ETF’s
(Kitco News) – According to data collected by the World Gold Council (WGC), Gold-backed ETFs lost 2 per cent AUM (-USD4.6bn/84.7t). This marks outflows for the third time in four months and the seventh-worst historical monthly holdings loss.
Read moreGold and silver edge higher leading into the EU open
(Kitco News) – Heading into the European cash open gold and silver are looking positive. The yellow metal is training at $1695/oz 0.73% higher and silver has managed to stay above $25/oz and trade 1.31% in the black.
Read more‘Hyperbolic’ yields will correct; how Bitcoin, gold, and stocks will react – Frank Holmes
(Kitco News) – ‘Hyperbolic’ yields will correct; how Bitcoin, gold, and stocks will react – Frank Holmes
Despite the commodity run, don’t expect an exploration spending spike – Alden Greenhouse
(Kitco News) – Rather, deals need to happen through communication. Even if it is a great project, there are many demands on capital and timing may not be right.
Read morePierre Lassonde: what gold bullion’s decoupling with miners signals for price
(Kitco News) – Historically, the gold miners have led the bullion market in price direction, and right now, the equities are suggesting a rebound in price is underway, said Pierre Lassonde, chairman emeritus of Franco-Nevada.
Read morePeru’s $56B mine construction portfolio helps to boost local economy
(Kitco News) – Peru’s mine construction projects portfolio is comprised by 46 projects with a total investment amount of US$ 56,158 million.
Read moreGold price can still get to $2,000 as real rates remain negative – CPM Group
(Kitco News) – Rising bond yields have taken a significant bite out of the gold market this year, but investors shouldn’t fear increasing nominal yields as real interest rates will remain negative for the foreseeable future, according to Rohit Savant, …
Read moreAnother gold price spike ‘is coming’ – Barrick Gold CEO
(Kitco News) – There is an “over-exuberance” in the financial markets right now with investors piling into assets that don’t have any real value, said Barrick Gold CEO Mark Bristow, adding that gold price will see another spike higher.
Read moreEgypt invites international investors to explore for gold, copper, lead, zinc and other resources
(Kitco News) – At today’s PDAC 2021 session, the Egyptian Mineral Resources Authority (EMRA) invited international companies specialized in gold and associated minerals exploration to participate in the international bid-round No.(1)/2020-2nd round on …
Read more