Hedge funds buying gold but breakout remains elusive
(Kitco News) – Hedge funds added to their bullish gold and silver bets last week, but some analysts note that the latest trading data from the Commodity Futures Trading Commission (CFTC) doesn’t signal a major breakout from the current trading channel.
Read moreCoronavirus lockdown leads to surprise discovery: Kids find $100K worth of gold bars in French town
(Kitco News) – After being sent to a small French town to wait out the coronavirus lockdown, two kids discovered $100,000 worth of gold at a home of an older relative, local media reported.
Read moreGold market sees quiet trading with New York and London Hubs closed
(Kitco News) – It is a quiet day in the precious metals market, with prices drifting lower as two of the world’s largest trading hubs are closed for holidays.
Read moreGold price is stuck below $1,800, when can it break out? Analysts weigh in
(Kitco News) – Rising tensions between the U.S. and China are keeping gold up and stocks down as the U.S. heads into the long weekend.
Read moreELY Gold Royalties closes C$17.25 million financing
(Kitco News) – ELY Gold Royalties (TSXV:ELY) announced yesterday it closed a previously announced brokered private of 21,562,500 units at a price of $0.80 per Unit for gross proceeds of C$17.25 million.
Read moreNordgold increases gold production 4% to 225,000 ounces in Q1
(Kitco News) – Nordgold said today that Q1 gold production increased by 4% YoY to 225.9 koz mainly driven by higher volumes of ore processed at Taborny, Gross and Suzdal mines, as well as higher recovery rates at Gross, Suzdal and Taparko.
Read moreFortescue ups stake in Candente Copper
(Kitco News) – Iron ore giant Fortescue Metals Group took its interest in Candente Copper (TSX:DNT) from 9.72% to 19.92% by subscribing to 27,500,000 shares for an amount of $1.375 million through a private placement.
Read moreGold is to hold and silver is to trade
(Kitco News) – Gold is the commodity to own as a hedge against the massive amounts of stimulus central banks and governments have flooded financial markets with, but silver is the metal to trade as it looks like momentum is returning.
Read moreALROSA to produce 3 to 6 million less carats
(Kitco News) – Russian diamond giant, ALROSA, said today that it is cutting production to 28–31 million carats versus its initial guidance of around 34 million carats.
Wall St., Main St. look for gold to regain its luster
(Kitco News) – Wall Street and Main Street look for gold prices to rise next week, according to the weekly Kitco News gold survey.
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