Exchange-traded funds post ‘massive’ inflow of gold – analysts
(Kitco News) – Global exchange-traded funds posted a large inflow on Friday, analysts said. BMO Capital Markets said the ‘massive’ increase in holdings amounted to 27.3 metric tons, or 974,000 ounces, and occurred as June options expired for SPDR Gold …
Read moreGold prices trade to one-month high on COVID-19 concerns – analysts
(Kitco News) – Gold is starting a new week on firmer footing amid worries about the rising number of COVID-19 cases, analysts said. Spot gold traded up to $1,757.65 an ounce although it backed off to $1,747.55 around 7:50 a.m. EDT, still up $5.30 for t…
Read moreGold prices hit 5-week high as Covid-19 cases rise
(Kitco News) – Gold and silver prices are higher in early U.S. trading Monday, but down from their overnight highs that saw gold notch a five-week high.
Read moreBitcoin daily chart alert – Sideways trading not bearish – Jun. 22
(Kitco News) – Bitcoin-U.S. dollar prices are modestly up early Monday. Not much new lately. A price uptrend on the daily chart has stalled out, but the bulls still have the overall near-term technical advantage and the sideways trading still slightly …
Read moreAnalysts ask if gold is ready to push above $1,800
(Kitco News) – Building on Friday’s momentum, gold prices are starting the week on a strong note and are pushing back to within striking distance of critical resistance at $1,800 an ounce.
Read moreTechnology-like margins come to the mining sector
(Kitco News) – “Let’s not forget even at $1,700-$1,740 ounce gold–if your all-in-sustaining-cost of production is $1,000 or $1,100 an ounce, you’re making big margins. You’re making the kind of margins that software companies or technology companies c…
Read moreWhere did I place my gold; have you seen my silver?
(Kitco News) – I need to start off this week’s newsletter by highlighting Anna Golubova’s story about $200,000 worth of gold left on a Swiss train.
Gold price ends week with a knockout, what’s next?
(Kitco News) – Gold surprised with a rally Friday with precious metals analysts not ruling out more price gains next week as they keep a close eye on the economic data, COVID-19 reinfection rates, and geopolitical tensions.
Read moreWall St., Main St. upbeat about short-term outlook for gold prices
(Kitco News) – Respondents in the weekly Kitco News gold survey are bullish on gold for the week ahead, with some Wall Street professionals suggesting monetary policy and fiscal stimulus will lead to another test of the top end of the recent trading ra…
Read moreGoldman Sachs hikes 12-month gold-price forecast to $2,000/oz
(Kitco News) – Goldman Sachs hiked its gold forecast Friday, calling for the metal to hit $2,000 an ounce in a year due low real interest rates, a weaker U.S. dollar and investor worries about currency debasement in the aftermath of the COVID-19 crisis.
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