U.S. jobless claims soar to 3.28 million due to COVID-19 layoffs; gold prices rise
(Kitco News) – First-time U.S. jobless claims skyrocketed in the week to Saturday to a record seasonally adjusted 3,283,000, with a surge after layoffs due to the COVID-19 outbreak, the government said. Spot gold was last up by $21.90 to $1,634.80 an o…
Read moreMcEwen Mining temporarily suspends Black Fox, Gold Bar operations
(Kitco News) – McEwen Mining Inc. (NYSE, TSX: MUX) reported early Thursday that operations at the Black Fox and Gold Bar mines will be scaled back for 14 days as a part of the global effort to combat the spread of COVID-19.
Read moreBitcoin daily chart alert – Bulls hanging tough Thursday – Mar. 26
(Kitco News) – Bitcoin-U.S. dollar prices are near steady in early U.S. trading Thursday, on some morel chart consolidation after recent gains.
Read moreBannockburn: ‘If the rumor was bought, the fact has been sold’
(Kitco News) – Many stock bourses around the world have retreated, and Bannockburn Global Forex says this may be a case of buy-the-rumor and sell-the-fact, meaning markets factor in an expected news event and then move the opposite way once it occurs.
Read moreBarclays: Risk markets need certainty that COVID-19 under control
(Kitco News) – Barclays anticipates near-zero global economic growth this year due to lockdown measures around the world to combat the COVID-19 pandemic and says risk markets may not sustain rallies until the virus is under control.
Read moreGold prices up ahead of expected grim U.S. jobless claims data
(Kitco News) – Gold prices are trading modestly up in early U.S. trading Thursday, on some safe-haven demand and some chart-based buying.
Read moreSibanye-Stillwater warns of production drop after mine closures
(Kitco News) – The company warns of the impact on its forecast.
Read moreBarrick grows revenue by a third, outlook for 2020 is flat
(Kitco News) – Barrick had some significant asset sales in 2019 that boosted earnings.
Read moreOne-third of senior gold miners withdraw guidance
(Kitco News) – Companies with exposure to South Africa and Quebec have faced the most draconian measures with governmental bodies closing operations at mines within their jurisdictions.
Read moreCan surging demand for gold and silver last? COVID-19 lockdowns threaten sales, prices
(Kitco News) – The COVID-19 panic triggered a resurgence of physical gold and silver buying, but can this surge in sales last as mints and refineries across the world are temporarily shutting down production in an attempt to fight the spread of the vir…
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