Gold price jump to session highs reversing losses as U.S. weekly jobless claims drops below 900K
(Kitco News) – The U.S. labor market continues to show its resilience as fewer American’s applied for initial unemployment benefits than economists were expecting and the number of initial jobless claims falls back below 900,000.
Gold price reverses course in delayed reaction to 4% rise in U.S. GDP
(Kitco News) – Gold prices remain under pressure and near session lows even as the U.S. economy grew less than expected in the first quarter, according to the latest data from the U.S. Commerce Department.
Bitcoin daily chart alert—Bulls, bears in pitched battle
(Kitco News) Bitcoin-U.S. dollar prices are modestly higher in early U.S. trading Thursday. Trading remains very choppy and volatile as bulls and bears fight for control of the market.
Read moreGold, silver erase early price losses, rally on safe-haven demand
(Kitco News) – Gold and silver prices are rallying in early U.S. trading Thursday, erasing modest overnight losses.
Where is gold headed next week? Vote now!
(Kitco News) – (Kitco News) – Kitco aficionados, it is now time to have your say and tell us where you think gold prices are heading in the short-term.
Read moreWhere is gold headed next week? Vote now!
(Kitco News) – (Kitco News) – Kitco aficionados, it is now time to have your say and tell us where you think gold prices are heading in the short-term.
Read moreEurasia Mining comments on Alexei Churakov induced share price collapse
(Kitco News) – Strange goings-on at Eurasia Mining (EUA:LSE). The company issued a report stating it has noted the adverse movement in the Company’s share price yesterday
Read moreAngo American copper production bounces back in Q4 2020
(Kitco News) – Anglo American Q4 report shows increased copper production. This means copper production in Q4 was up 6% vs last year but iron ore production was down 11%.
Read moreOnce again gold and silver struggle leading into the EU open
(Kitco News) – Gold and silver are once again in the red leading into the EU open as price action during the Asia-Pac session has been weak. Gold is nearly at the low point of yesterday’s session ($1832.52/ox) and silver is also attacking $24.70/oz.
Read morePhysical gold demand drops 17% in 2020… but that’s not the whole story – WGC
(Kitco News) – The gold market showed its dual nature in 2020 as physical demand fell to its lowest level since the great financial crisis; meanwhile, investment demand reached historic heights.