Drop in U.S. consumer confidence fails to push gold prices higher
(Kitco News) – The gold market continues to struggle to attract some buying interest as it holds critical support above $1,700 following weaker-than-expected consumer optimism.
Read moreCiti sees gold price grinding to $2,000 by 2021
(Kitco News) – Bullish sentiment for gold continues to build, with another U.S. bank jumping on the all-time-highs bandwagon, even as the price struggles to find momentum in the short term.
Read moreTDS: rally in industrial precious metals ‘could have some legs’
(Kitco News) – Precious metals with heavy industrial applications – like silver and platinum – could “have some legs” to run ahead, said TD Securities.
Gold prices weaker as risk appetite stronger early this week
(Kitco News) – Gold prices are trading lower but up from the overnight lows in early U.S. trading Tuesday.
Read moreBitcoin daily chart alert – Bulls need to step up this week May 26
(Kitco News) – Bitcoin-U.S. dollar prices are weaker early Tuesday. Recent price action has seen a corrective pullback and some chart consolidation.
Read moreCommerzbank: Strong ETF gold inflows offsetting weak Chinese, Indian demand
(Kitco News) – Strong inflows of gold into exchange-traded funds are more than offsetting unusually weak demand from key consuming nations China and India, said Commerzbank analyst Cartsen Fritsch.
Read moreHow miners gets from diesel to renewables
(Kitco News) – Lo said diesel can be a significant cost for miners, as high as 30%, and the move to renewables can occur gradually.
Read moreNew Century looks to pick up Vale’s New Caledonia mines
(Kitco News) – “If the transaction proceeds, the successful acquisition of Goro operations would
result in New Century Resources becoming a major supplier of Nickel and non-DRC
sourced Cobalt for the Electric Vehicle industry,” writes New Century in …
Mponeng Mine continues suspension after 196 employees test positive for COVID-19
(Kitco News) – Mponeng mine produced 243,000 gold oz at a total cash cost of $976/oz in 2019.
Read moreWhy is gold not rallying? This research points to ‘market manipulations on a scale rarely seen before’
(Kitco News) – Shouldn’t assets like gold and bitcoin be trading higher, especially with all this COVID-19 uncertainty?
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