Sokoman Minerals intersects 8.1 m at 68.7 g/t Au near surface at Moosehead project
(Kitco News) – Sokoman Minerals (TSXV: SIC) (OTCQB: SICNF) announced that ongoing drilling at the Moosehead project has returned high-grade gold in a near-surface, newly recognized splay off of the main Eastern Trend. Drill holes MH-20-115 and MH-20-11…
Read moreEuro beats U.S. dollar as most used currency globally – SWIFT
(Kitco News) – The U.S. dollar lost to the euro as the number one currency used for global payments for the first time in nearly eight years, according to the Society for Worldwide Interbank Financial Telecommunications (SWIFT).
Read moreGold prices remain down as U.S. existing home sales rise 4.3% in October
(Kitco News) – The U.S. housing market continues to be a bright spot in the U.S. economy as more consumers are buying homes according to the latest data from the National Association of Realtors (NAR).
Degussa sees gold price rising to $2,500 by mid-2021 as central banks continue to print money
(Kitco News) – The gold market continues to hold on to critical support above $1,850 an ounce, but shifting investor sentiment following positive vaccine news in the last two weeks created significant pressure for the precious metal.
Gold price weighed down by resilient strength in Philly Fed Survey
(Kitco News) – Better than expected data from the Philadelphia Federal Reserve showing resilient optimisms in the manufacturing sector is helping to keep pressure on gold prices.
Gold can’t catch a bid following rise in U.S. weekly jobless claims
(Kitco News) – The gold market continues to struggling to attract a bid even as the U.S. labor market lost some momentum with more workers than expected filed for weekly unemployment benefits last week.
Gold price down despite uptick in risk aversion
(Kitco News) – Gold and silver futures prices are lower in early U.S. trading Thursday, despite a bit keener risk aversion seen in the marketplace late this week, evidenced by lower U.S. stock indexes.
Read morePanthera Resources identified two new gold assets in India and West Africa
(Kitco News) – UK Aim listed Panthera Resources (PAT:LSE) has announced that it has diversified it’s gold exploration and development company with assets in West Africa and India.
Read moreGold technical analysis leading into the US session
(Kitco News) – Gold has been struggling with the backdrop of USD strength in the EU session and it seems pretty likely that the market could move to test the consolidation low at $1848 per ounce.
Read moreBitcoin daily chart alert – Bulls in strong command – Nov. 19
(Kitco News) – Bitcoin-U.S. dollar prices are pausing Thursday after hitting a nearly three-year high Wednesday. Bulls are in strong technical control as prices are in a solid uptrend on the daily chart.
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