U.S. April personal spending falls while income rises; core inflation minus 0.4%; gold higher
(Kitco News) – Gold remained higher early Friday after a report showed that personal spending by Americans fell by 13.6% in April, while income rose 10.5% and core inflation declined 0.4%. Spot gold was last up $11 to $1,730 an ounce.
Read moreCommerzbank: ‘silver is currently in greater demand than gold’
(Kitco News) – Demand for silver has been stronger than gold lately, said Commerzbank analyst Daniel Briesemann. “Silver has recently made good some more ground vis-à-vis gold, as can be seen from the fact that the gold/silver ratio has dipped below 100,” the analyst said.
Endeavour Silver restarts operations at Mexican mines
(Kitco News) – Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) has restarted mining operations at its three silver-gold mines in Mexico, the company announced Thursday.
Read moreBitcoin daily chart alert – Another bullish chart pattern develops – May 29
(Kitco News) – Bitcoin-U.S. dollar prices are weaker Friday on a normal corrective pullback and some chart consolidation.
Read moreGold, silver prices up on anxiety ahead of Trump presser on China
(Kitco News) – Gold prices are trading moderately higher and silver sharply higher and hitting a three-month high in early U.S. trading Friday, as safe-haven demand has returned to the metals late this week.
Read moreExclusive: Bullion banks prepare CME pullback after virus snarl
(Kitco News) – Around 400 tonnes of eligible gold worth $22 billion has been shipped to Comex-registered vaults since late March, according to CME data.
Read moreCanada’s CIBC lost $64 million in a day on paper in gold market turmoil
(Kitco News) – HSBC said earlier this month it suffered paper losses of about $200 million on one day in March.
Read moreMining company blasts 46,000-year-old Aboriginal heritage site in Australia
(Kitco News) – A deliberate mining blast reportedly destroyed one of the oldest known Aboriginal heritage sites in Western Australia.
Read moreFifty-one out of 120 employees tested positive for COVID-19 at Sibanye-Stillwater
(Kitco News) – The tests were kicked off late last week at the company’s Rustenburg operations in South Africa after two staff members were found to be positive.
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