Gold prices sharply down after shocking rise in US jobs in May
(Kitco News) – Gold prices are sharply lower and hit a six-week low in early U.S. trading Friday, in the immediate aftermath of a stunning and completely unexpected big rise in U.S. jobs in May.
Read moreGold price drops as U.S. economy creates 2.5 million jobs in May
(Kitco News) – The gold market has been unable to hold support around $1,700 an ounce and struggling to find positive momentum after the U.S. economy surprisingly added jobs last month.
Read moreCredit Suiise hikes gold-price forecasts, sees $1,701 average for 2020
(Kitco News) – Credit Suiise hiked its gold-price forecasts Friday, saying that supportive influences include lower and negative yields, weakness in the U.S. dollar and eventual inflationary pressures.
Read moreBitcoin daily chart alert – Late-week pause is not bearish – Jun. 5
(Kitco News) – Bitcoin-U.S. dollar prices are slightly lower Friday morning, as the market pauses after hitting a 3.5-month high earlier this week.
Read moreVizsla recommences drilling in Mexico
(Kitco News) – Vizsla Resources (TSXV: VZLA) re-commenced drilling at its Panuco silver-gold project in Sinaloa, Mexico. The company previously announced the return of its staff to the project on May 21, 2020.
Read moreO3 Mining increases drill program by 100,000 metres
(Kitco News) – O3 Mining (TSX.V:OIII) is expanding its drill program in Val D’Or, Quebec, by 200%, which include the Malartic, Alpha and East Cadillac properties.
Latin America exploration company drops name ‘Columbus Gold’
(Kitco News) – The South American exploration company focused on the Guinea Shield announced the name change Thursday. It will trade under the symbol OREA:TSX.
Read moreGold Fields report fatality
(Kitco News) – A Gold Fields employee died after falling down a reef ore-pass at the company’s South Deep Mine.
Read moreTrend reversal in silver is coming: TD Securities bets long on silver
(Kitco News) – A trend reversal is looking likely for silver, according to TD Securities, which issued a long call on silver, projecting a $19-an-ounce price level by March 2021.
Read moreGold rebounds as bulls step in to buy the dip
(Kitco News) – Gold prices are solidly higher in midday U.S. trading Thursday, after trading both sides of unchanged on the day. Wednesday’s sharp sell off has been met with bargain-hunting buying interest by the bulls.