‘We are in a moment of statistical unknown’ – iTrust Capital
(Kitco News) – The fear and economic impact of the spreading coronavirus has been compared to both the Sept. 11, 2001 terrorist attacks on the U.S. and the 2008 financial crisis; however, one economist says that the latest emergency has elements of bot…
Read moreTeranga Gold reiterates 1Q output guidance; ops continue with safety measures
(Kitco News) – Teranga Gold Corp. (TSX: TGZ) reported Wednesday that its operations have not been interrupted by the COVID-1 pandemic, with consolidated first-quarter output likely to be between the expected 85,000 to 90,000 ounces.
Read moreYamana Gold withdraws guidance with some mines curtailed amid COVID-19
(Kitco News) – Yamana Gold Inc. (TSX: YRI; NYSE: AUY) has withdrawn production guidance for 2020 as some operations are curtailed as part of the global effort to combat the COVID-19 outbreak, the company said late Tuesday.
Read moreYamana Gold withdraws guidance with some mines curtailed amid COVID-19
(Kitco News) – Yamana Gold Inc. (TSX: YRI; NYSE: AUY) has withdrawn production guidance for 2020 as some operations are curtailed as part of the global effort to combat the COVID-19 outbreak, the company said late Tuesday.
Read moreGold prices down but ignore mixed U.S. durable goods data
(Kitco News) – Gold prices are under pressure but continue to see little reaction to dated economic data following mixed numbers in the U.S. manufacturing sector.
Read moreBMO: Gold-price spread ‘transitory short-term dislocation’
(Kitco News) – The discrepancy that emerged Tuesday between prices for gold futures and over-the-counter metal is a “short-term dislocation rather than anything structural,” said BMO Capital Markets.
Read moreGold prices pull back from strong gains Tuesday
(Kitco News) – Gold prices are trading solidly down in early U.S. trading Wednesday, on a corrective pullback from the strong gains seen on Monday and Tuesday.
Read moreBitcoin daily chart alert – Normal chart consolidation Wednesday – Mar. 25
(Kitco News) – Bitcoin-U.S. dollar prices are weaker in early U.S. trading Wednesday, on some normal chart consolidation after recent gains.
Read moreCommerzbank: gold prices to profit from ‘more fiat money than ever’
(Kitco News) – Gold should benefit as governments pump money into their economies to combat the COVID-19 virus, although physical demand in key consuming nation India may slump during the next few weeks due to safety measures instituted there
Read moreWorld Gold Council CEO: ‘gold is as relevant as ever’
(Kitco News) – Gold still has an “important role” in the portfolios of investors, said David Tait, chief executive officer.
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