Gold prices power to 7.5-year high, more upside likely
(Kitco News) – Gold prices are modestly higher in early U.S. trading Wednesday after pushing to a 7.5-year high of $1,796.10 overnight, before backing off a bit.
Read moreBitcoin daily chart alert – Choppy price action at mid-week – Jun. 24
(Kitco News) – Bitcoin-U.S. dollar prices are lower early Wednesday on a corrective pullback from early-week gains. Trading has turned choppy. The bulls still have the overall near-term technical advantage.
Read moreRussia ramped up gold production right before COVID-19 hit
(Kitco News) – Prior to the coronavirus paralyzing the world, Russia was ramping up its gold production, according to the Union of Gold Producers of Russia.
Read moreCo-founder of Wheaton Precious Metals to chair MAG Silver
(Kitco News) – MAG Silver is a Canadian development and exploration company primarily focused on silver projects in the Americas.
Read moreKalamazoo Resources acquires project from Northern Star that ‘no longer fits’
(Kitco News) – Kalamzoo said exploration will commence immediately.
Read moreHudbay launches appeal of Rosemont decision
(Kitco News) – The $1.9 billion open-pit copper mine was stopped last year after a judge sided with environmental and First Nation groups.
Read moreMidas Fund scouts for smaller gold producers with favorable ratio of share price to cash flow
(Kitco News) – With share prices of gold producers having already rallied sharply in the last three months, the Midas Fund (MIDSX) is increasingly looking toward smaller producers in its efforts to find companies with the most upside potential, the fund’s managers said.
Gold bulls challenge springtime highs, gaining power
(Kitco News) – Gold prices are solidly up and hit a five-week high in midday U.S. trading Tuesday. Bulls are flexing their muscles early this week, amid safe-haven demand that is featured amid a troubling increase in Covid-19 infections around the glob…
Read more‘Yes’ to commodities, ‘no’ to real estate as investors brace for the rest of 2020 — Wells Fargo
(Kitco News) – When considering investment choices for the rest of 2020, look at commodities and not real estate, stated Wells Fargo’s 2020 Midyear Outlook Spotlight report.
Gold prices holding gains up nearly 1% on the day as U.S. new home sales rise 16.6% in May
(Kitco News) – The gold market continues to see strong momentum even as more U.S. consumers bought more new homes than expected last month.
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