Gold prices sharply up as panic in marketplace recedes
(Kitco News) – Gold prices sharply up as panic in marketplace recedes
Read moreGoldman sticks to $1,800 gold price in 12 months
(Kitco News) – Goldman Sachs remained bullish on gold for the long haul due to potential of a “shock to the global economy” following the COVID-19 outbreak. Nevertheless, it trimmed the forecast for the next half year as a result of potentially less central-bank buying.
Freeport halts Cerro Verde mining for 15 days due to gov’t COVID-19 rules
(Kitco News) – Freeport-McMoRan Inc. (NYSE: FCX) has put its Cerro Verde mine in Peru on “care and maintenance” for 15 days in response to measures taken by the Peruvian government to contain the COVID-19 outbreak, the company said Tuesday.
Read moreFreeport halts Cerro Verde mining for 15 days due to gov’t COVID-19 rules
(Kitco News) – Freeport-McMoRan Inc. (NYSE: FCX) has put its Cerro Verde mine in Peru on “care and maintenance” for 15 days in response to measures taken by the Peruvian government to contain the COVID-19 outbreak, the company said Tuesday.
Read moreGlobal recession coming; gold prices to hit new record highs, but when?
(Kitco News) – Banks have slashed their global and U.S.-specific growth forecasts due to the COVID-19 outbreak, stating that recession is on its way.
Read moreGold price ‘trying to find its footing’ after recent sell-off
(Kitco News) – Gold is finally digging in its heels and fighting back – at least trying to stabilize – although traders caution that it’s too early to say the metal won’t get bullied any more.
Gold, silver prices rallying as Fed moves aggressively to relieve financial system dislocations
(Kitco News) – Gold and silver markets are staging strong rebounds in late-morning price action Tuesday. The rallies came in the aftermath of the Federal Reserve announcing it is reopening its emergency commercial paper funding program that was used in…
Read moreNewmont ramping down Yanacocha gold mining due to gov’t coronavirus rules
(Kitco News) – Newmont Corp. (NYSE: NEM, TSX: NGT) will be ramping down mining operations at the Yanacocha mine in Peru as a result of restrictions instituted by the government in response to the global coronavirus outbreak, the company announced Tuesd…
Read moreGold, silver prices plummet recently, but if misery loves company this is it
(Kitco News) – Gold and silver prices have been hammered this week, with gold hitting a multi-month low and silver prices careening to an 11-year low. However, these two precious metals are not alone in their big price beatdown.
Read moreGold price pushed back above $1,500 as Fed expected to reinstate its Commercial Paper Funding Facility
(Kitco News) – Gold prices are back above $1,500 an ounce as the Federal Reserve is expected to announce new measures to pump more liquidity into the economy.
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