‘Highly profitable’ gold producers boosted by higher prices, lower costs – analysts
(Kitco News) – Gold miners are benefiting on multiple fronts – higher prices for the commodity they produce, lower operating costs as prices of other commodities tumble, and in many instances an extra boost from weakness in local currencies, analysts s…
Read moreBMO: ETF gold inflows on pace for annual record
(Kitco News) – Gold inflows into global exchange-traded funds are on pace for a yearly record, said BMO Capital Markets, and the demand is significant since investors tend not to exit quickly should prices turn south.
Read moreNewmont trims 2020 gold-output guidance; four mines reopening
(Kitco News) – Newmont Mining Corp. (NYSE: NEM, TSX: NGT), the world’s largest gold producer, downwardly revised its 2020 production guidance Tuesday due to temporary mine closures because of the COVID-19 pandemic.
Gold, silver prices pause after recent solid gains
(Kitco News) – Gold and silver prices are trading near steady in early action Tuesday, on some normal chart consolidation and pausing after recent good gains.
Read moreMcEwen Mining posts 1Q loss, takes impairment charge
(Kitco News) – McEwen Mining Inc. (NYSE, TSX: MUX) posted a net loss in the first quarter, most of which was due to an impairment charge, and production has been impacted by government restrictions to combat the COVID-19 pandemic, the company reported …
Read moreMcEwen Mining posts 1Q loss, takes impairment charge
(Kitco News) – McEwen Mining Inc. (NYSE, TSX: MUX) posted a net loss in the first quarter, most of which was due to an impairment charge, and production has been impacted by government restrictions to combat the COVID-19 pandemic, the company reported …
Read moreGold price holding steady following 30% drop in April U.S. housing starts
(Kitco News) -Gold prices are holding in neutral territory and not seeing much reaction to data that shows a sharper-than-expected drop in U.S. housing construction.
Read moreGold price holding steady following 30% drop in April U.S. housing starts
(Kitco News) -Gold prices are holding in neutral territory and not seeing much reaction to data that shows a sharper-than-expected drop in U.S. housing construction.
Read moreU.S. Bank: gold ‘remains in a bullish trend’
(Kitco News) – Loose monetary policy should continue to underpin gold prices, said a research note from U.S. Bank Asset Management Group.
Read moreVerdence: ‘negative interest rates are a dangerous tool’
(Kitco News) – The Federal Reserve is likely to avoid the much-talked-about negative interest rates to counter economic weakness, as these can be a “dangerous tool,” said Verdence Capital Advisors.