Copper price rallies 4%, trading near 10-year high on supply/demand imbalance
(Kitco News) – The copper market is firing on all cylinders, with the prices pushing above $4 a pound, its highest level since September 2011. However, some analysts are warning investors to use some caution as the rally looks a little unstable and ove…
Read moreNew Gold achieves revised production and cost guidance
(Kitco News) – New Gold (TSX and NYSE American: NGD) reported yesterday that the company achieved the mid-range of the revised annual production and cash cost guidance in 2020, with all-in sustaining costs (“AISC”) below revised annual guidance.
Read moreSentiment in gold is turning bearish after prices test eight-month low
(Kitco News) – Sentiment in the gold market is turning negative after prices dropped to an eight-month low, weighed down by rising bond yields, according to the latest Kitco News Weekly Gold Survey.
Read moreRussian mining giant Nornickel to pay ~$2 billion in environmental damages
(Kitco News) – Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced today that following receipt of the judgment dated 12 February 2021
Read moreHarmony Gold expects up to 339% net profit growth
(Kitco News) – Harmony Gold Mining reported today that the company expects its net profit for the six months period ended December 31, 2020 (H1FY21) will be between R5.7 billion and R5.9 billion, which is between 325% and 339% higher than H1FY20.
Read moreU.S. existing home sales beat expectations in January, gold price keeps morning gains
(Kitco News) – Gold was relatively unchanged but maintained its early-morning gains as U.S. existing home sales came in above expectations in January.
Read moreGold prices holding gains despite steady growth in U.S. manufacturing, service sectors
(Kitco News) – The gold market is holding on to gains as technical buying momentum helps the precious metal overcome steady growth in both the U.S. manufacturing and service sectors.
Gold price rallies from 8-mo. low as bargain buyers step in
(Kitco News) – Gold futures prices are moderately higher in early U.S. trading Friday and have rebounded after hitting an eight-month low overnight.
Read moreGold price at 8-mo. low as bulls work to stabilize the metal
(Kitco News) – Gold futures prices are modestly lower in early U.S. trading Friday and hit an eight-month low overnight. Silver prices are a bit firmer.
Read moreBitcoin daily chart alert – Powerful price uptrend continues – Feb. 19
(Kitco News) – Bitcoin-U.S. dollar prices are higher and hit another record high above $52,000 in early U.S. trading Friday.
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