China to launch first space mining robot in November
(Kitco News) – Chinese company Origin Space is scheduled to launch the world’s first asteroid mining robot in November.
Read moreETF demand is now the driver for gold prices, not paper markets – Bank of America
(Kitco News) – The gold market has become a dichotomy of forces as investor demand into gold-backed exchange-traded funds (ETFs) is now playing a bigger role in driving prices than the futures paper market, according to research form Bank of America.
Silver price plunge ‘not terminal’, precious metal already up 2% on the day — StoneX
(Kitco News) – September’s silver price drop from nearly $30 an ounce to the low $20s “is not terminal,” said StoneX, highlighting silver’s volatile nature.
Read moreU.S. dollar strength prompts hedge funds to drop bullish gold bets
(Kitco News) – The U.S. dollar appears to be losing the race to the bottom in currency markets, which prompted some hedge fund managers to reduce their bullish exposure in gold, triggering a strong selloff in the yellow metal, according to some analyst.
U.S. dollar strength prompts hedge funds to drop bullish gold bets
(Kitco News) – The U.S. dollar appears to be losing the race to the bottom in currency markets, which prompted some hedge fund managers to reduce their bullish exposure in gold, triggering a strong selloff in the yellow metal, according to some analyst.
Gold, silver gain as greenback pulls back
(Kitco News) – Gold and silver prices moderately up in midday U.S. trading Monday. The precious metals markets are being supported by a pullback in the U.S. dollar index on this day.
Without so many speculators gold price should recover, says Commerzbank
(Kitco News) – The gold market should be able to recover after seeing a $100 drop last week, which was triggered by a rise in the U.S. dollar, according to Commerzbank.
Read moreIs this the end of consolidation phase for gold price?
(Kitco News) – A pause in the U.S. dollar strength might be a sign that gold’s consolidation phase is over, according to TD Securities.
Read moreBitcoin daily chart alert—Bulls continue progress
(Kitco News) – Bitcoin-U.S. dollar prices are a bit firmer early Monday, following recent gains.
Read moreGold, silver see modest price gains amid weaker USDX
(Kitco News) – Gold prices are near steady in early U.S. trading Monday. Silver prices are modestly up. Both precious metals are pausing as their traders look for the next significant element to drive near-term price direction.