Gold, silver prices lower as panicked markets quickly return
(Kitco News) – Gold and silver prices are trading moderately down in early U.S. trading Wednesday, amid a frightened marketplace as global commerce shuts down and serious world economic recession looms.
Read moreBannockburn: gold at risk of closing below 200-day average
(Kitco News) – Gold is at risk of closing below its 200-day moving average for the first time in two years as markets collectively enter a new phase of turmoil, said Marc Chandler, managing director of Bannockburn Global Forex.
Read moreCommerzbank: will virus kill PGM demand, or will low prices trigger stockpiling?
(Kitco News) – The coronavirus outbreak could have one of two possible impacts on demand for platinum group metals: lower car output could mean less demand for PGMs in catalytic converters, or alternatively auto makers could ramp up buying of PGMs now …
Read moreBitcoin daily chart alert – Ominous bearish chart pattern forms – Mar. 18
(Kitco News) – Bitcoin-U.S. dollar prices are lower in early U.S. trading Wednesday. Bulls are failing to stabilize prices in an environment where “sell what you can” is still prevalent among panicked traders and investors.
Metals Focus: recovery in Chinese gold-jewelry market to be ‘restrained’
(Kitco News) – Chinese gold-jewelry demand fell sharply due to coronavirus-induced shutdowns of wholesalers in Shenzhen, the hub of the country’s jewelry industry, and recovery will be “restrained,” said Metals Focus.
Read moreSilver price beaten down but investors can’t find any, so what’s going on? Peter Hug Responds
(Kitco News) – Silver price beaten down but investors can’t find any, so what’s going on? Peter Hug Responds
COVID-19’s shift to global pandemic ups gold’s year-end price by nearly $200 — Westpac
(Kitco News) – As the COVID-19 outbreak shifted from a Chinese epidemic to a global pandemic, Westpac has upped its gold forecast not only for this year but also for 2021, 2022 and 2023.
Read moreAviation faces greatest threat since 9/11, but Warren Buffett still loves it – Frank Holmes
(Kitco News) – Aviation faces greatest threat since 9/11, but Warren Buffett still loves it – Frank Holmes
Read moreGold price will bounce back after central banks flood markets – State Street Global Advisors
(Kitco News) – Gold prices are back above $1,500 an ounce and the question some analysts are asking is if investors finally understand gold ’s role as a safe-haven asset.
Pan American Silver temporarily suspends mining in Peru
(Kitco News) – Pan American Silver Corp. (NASDAQ, TSX: PAAS), the world’s second-largest primary silver producer, Tuesday reported that four mines in Peru are being temporarily suspended due to government-mandated restrictions.