Vale’s iron ore production off 18% in Q1; worse may lie ahead
(Kitco News) – Despite disruptions, base metals didn’t take too great a hit. Compared to the same quarter a year ago, nickel production was down 2.9% while copper and cobalt production was about the same. But going forward, base metal production will d…
Read moreLower oil prices to decimate EV sales
(Kitco News) – The consultancy writes that the coronavirus outbreak, potential delays to fleet purchasing due to lower oil price and a wait-and-see approach to buying new models have all contributed to this decrease in projected sales.
Read moreDramatic shift: Why gold prices might not breach $1,800 this spring
(Kitco News) – Markets are ignoring the negative backward-looking data and are instead focusing on what’s to come — economies eventually reopening. For gold, this means continued risk-on pressure next week, according to analysts.
Gold price to end the year at $1,700; physical demand to remain strong – ABN AMRO
(Kitco News) – What a difference a month can make as one international bank has revised its year-end gold price forecast as central banks and governments continue to throw trillions of dollars into the global economy that has ground to a halt because o…
Read moreSome light in the darkness
(Kitco News) – Kitco News’ intrepid leader Daniela Cambone has officially started her maternity leave and on behalf of the entire newsroom, I wish her all the best during her break as she embarks on this adventure with her new family.
Read moreRegulus CEO discusses positive aspects of COVID-19
Regulus Resources is exploring and developing the Antakori project in Peru. Soar Financial Group CEO Kai Hoffmann spoke with Regulus CEO John Black about the COVID-19 situation in Peru right now. Ongoing work programs and behind the scenes work.
Read moreWall Street still bullish on gold prices but tempers enthusiasm
(Kitco News) – Wall Street still leans bullish on gold, but the enthusiasm has cooled, with a number of traders and analysts saying the metal is due for a pullback after hitting a seven-year high earlier this week, based on the Kitco News gold survey.
Read moreWall Street still bullish on gold prices but tempers enthusiasm
(Kitco News) – Wall Street still leans bullish on gold, but the enthusiasm has cooled, with a number of traders and analysts saying the metal is due for a pullback after hitting a seven-year high earlier this week, based on the Kitco News gold survey.
Read moreGold prices to target all-time highs but don’t expect silver to follow – Refinitiv
(Kitco News) – Despite gold’s lackluster performance in March, prices will resume an upwards trajectory, in line with expectations for a safe-haven asset during a recession. However, the road to higher prices will not be a straight one, this according …
Read moreNASA wants to make oxygen on Mars and gold is a key part of it
(Kitco News) – NASA is planning to make science fiction a reality this year as it attempts to make its own version of The Martian’s oxygenator that could make oxygen on Mars using a golden box called MOXIE (Mars Oxygen ISRU Experiment).
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