Gold, silver prices down, following global stock market sell-off
(Kitco News) – Gold and silver prices are solidly lower in early U.S. trading Monday. On this day traders appear more focused on the bearish prospects of reduced consumer demand for precious metals due to hobbled economies, than on their safe-haven asp…
Read moreGold prices ignore strong rise in New York Fed Empire State Survey
(Kitco News) – Gold prices are struggling to find momentum with prices holding above critical support at $1,700 following renewed optimism in the New York region’s manufacturing sector, according to the latest data from the New York Federal Reserve.
BBH: economic highlights include central-bank meetings, Powell, U.S. retail sales
(Kitco News) – U.S. retail sales, central-bank meetings and a congressional appearance by Federal Reserve Chair Jerome Powell are among the highlights on the economic calendar this week, said Brown Brothers Harriman.
Read moreBitcoin daily chart alert – Bulls fading, prices hit 3-week low – Jun. 15
(Kitco News) – Bitcoin-U.S. dollar prices are lower early Monday and hit a three-week low. A price uptrend on the daily chart has stalled out and the bears have gained some momentum.
Read moreIf gold is gaining why is M&A muted?
(Kitco News) – Money is flowing into the mining sector, but M&A could be muted by COVID-19 restrictions. Twenty-twenty’s deals pale to last year’s blockbuster tie-ups, such as the $13B Goldcorp-Newmont deal, and Kirkland Lake-Detour Gold take out at $3.8B. This year, the biggest deal is SSR Mining-Alacer at $2.4B.
Where will you be in two years?
(Kitco News) – You can put away the vision board because I know where I will be in two years: starting at zero percent interest rates.
Read moreMarket volatility is bullish for gold prices: Is $1,800 back on the table?
(Kitco News) – Gold is on a roll as market volatility is working in favor of higher prices amid renewed concerns about the U.S. economic recovery and the second COVID-19 wave. But is it enough to finally break gold out of its trading range?
Read morePerth Mint denies accusation of buying conflict gold
(Kitco News) – The gold bullion market is facing a new crisis of faith as one of the world’s most prominent mints faces accusations of lacking auditing standards that could support unethical gold.
Read moreZijin Mining agrees to buy Guyana Goldfields for C$323 million
(Kitco News) – Zijin Mining Group Co., Ltd. has agreed to acquire Guyana Goldfields Inc. (TSX: GUY) in a deal valued at C$323 million, the companies announced Friday.
Read moreWall St., Main St. expect gold prices to keep on shining
(Kitco News) – Wall Street and Main Street look for gold prices to continue their recovery in the week ahead.
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