Calm before ‘perfect storm’; gold prices to breach all-time high by year-end
(Kitco News) – Calm before ‘perfect storm’; gold prices to breach all-time high by year-end
Amplats announces temporary closure of ACP Phase B unit
(Kitco News) – Anglo American Platinum has shut down its Phase B unit of the Anglo Converter Plant for the second time this year, the company announced Wednesday.
Read moreGold prices sliding as stocks, Treasury yields rise on economic optimism
(Kitco News) – Gold prices have been under pressure this week on optimism about the economy, with equities and Treasury yields stronger on Tuesday as a result, analysts said.
Read moreGold prices drop again following better-than-expected ISM service-sector sentiment
(Kitco News) – Gold prices are pushing lower as economic data continues to come in better than expected. The latest report from the Institute for Supply Management (ISM), shows improving sentiment in the service sector.
Read moreBank of Canada keeps rate unchanged as Tiff Macklem begins his term as governor
(Kitco News) – The Bank of Canada has kept its key interest rate unchanged at 0.25% as the central bank said goodbye to now former governor Stephen Poloz and welcomed Tiff Macklem as the new head of the central bank.
Read moreMetals Focus: trade tensions impact electronics demand for precious metals
(Kitco News) – Trade tensions are impacting precious-metals demand from the electronics industry, said Metals Focus. The consultancy said electronics has accounted for 6% to 8% of global gold demand in recent years, around 30% for silver, 8% for pallad…
Read moreGreat Panther Mining resuming Mexican operations
(Kitco News) – Great Panther Mining Ltd. (TSX: GPR ; NYSE-A: GPL) is resuming operations in Mexico after temporary shutdowns that were the result of government restrictions to combat the COVID-19 pandemic, the company said Wednesday.
Read moreCommerzbank: Indian gold demand ‘at rock bottom’
(Kitco News) – Gold demand in India was still “at rock bottom” in May, said Commerzbank. Analysts cited reports saying India’s gold imports were a mere 1.4 metric tons last month.
RBC’s Gero: gold eases on profit-taking as investors seek ‘other opportunities’
(Kitco News) – Comex gold has been softer so far this week as investors look at “other opportunities” for the moment, particularly with unrest in the U.S. calmer and the reopening of businesses globally after pandemic-related shutdowns, said George Gero, managing director with RBC Wealth Management.
Gold price falls as ADP says private sector lost 2.76 million jobs, beating expectation
(Kitco News) – Gold prices continue to struggle to find momentum as the private sector continued to shed jobs but at a much slower pace than expected according to private payrolls processor ADP.
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