White House adviser Navarro says China trade deal is ‘over’
(Kitco News) – “It’s over,” Navarro told Fox News in an interview when asked about the trade agreement. He said the “turning point” came when the United States learned about the spreading coronavirus only after a Chinese delegation had left Washington following the signing of the Phase 1 deal on Jan. 15.
Separate ‘law from politics’, says Venezuela’s lawyer in spat over $1 billion worth of gold stored at the BoE
(Kitco News) – Venezuela’s central bank is suing the Bank of England (BoE) to get access to its London-stored gold that is worth more than $1 billion.
Read moreVice president of operations leaves Pretium Resources
(Kitco News) – Estimated life-of-mine annual gold production is now 311,000 ounces instead of last year’s estimated 441,000 ounces, a 29% reduction.
Friedland joins gold company ‘given state of the markets’
(Kitco News) – Matysek said he is happy to stand aside for Friedland.
Read moreGold powers to 5-week peak, challenging springtime high
(Kitco News) – Gold prices are sharply higher in midday U.S. trading Monday as prices today scored a five-week high. Safe-haven demand is featured to start the trading week amid a worrisome rise in Covid-19 infections around the globe.
Read moreMoney managers hike bullish positioning in gold futures
(Kitco News) – Money managers started rebuilding their net-bullish positioning in gold futures during the most recent reporting period for data compiled by the Commodity Futures Trading Commission.
Read moreFXTM: gold ‘a better alternative to many other asset classes’
(Kitco News) – Gold remains an “attractive investment” even after prices surged to multi-week highs, said FXTM in an analysis released Monday.
Gold prices get another boost as U.S. existing home sales disappoint in May
(Kitco News) – Gold prices saw more gains and traded near five-week highs after U.S. existing homes sales missed expectations in May, according to the latest report from the National Association of Realtors (NAR).
Read moreCaldas Gold, Wheaton announce planned streaming deal for Marmato project
(Kitco News) – Caldas Gold Corp. (TSXV: CGC) would receive $110 million in a streaming agreement with a subsidiary of Wheaton Precious Metals Corp. (TSX, NYSE: WPM), with the proceeds to be used for the Marmato project in Colombia, under a non-binding …
Read moreStandard Chartered: ‘gold to continue to draw investor interest’
(Kitco News) – Exchange-traded-product holdings of gold have been boosted this year by a flight to safety, and there is potential for prices to move still higher, said Standard Chartered.