Silver prices plummet as mints can’t keep up with demand
(Kitco News) – Precious metals have plunged in the markets, but there is still demand for physical coins in the midst of the coronavirus outbreak, this according to Phil Streible, chief market strategist of Blue Line Futures.
Read moreThere is still room for silver and palladium prices to go lower
(Kitco News) – Growing panic in financial markets continues to drag precious metals prices down across the board, but growing recession fears are particularly weighing on silver and palladium prices, according to analysts.
Read moreGold prices getting crushed, where can investors seek refuge now?
(Kitco News) – Gold, like most assets across the board, have taken a hit Monday, but medium to long-term, prices should recover to eventually reach new highs, said Bill Baruch, president of Blue Line Futures.
Read moreIs $1,600 the new price top for gold in 2020? Capital Economics weighs in on metal’s latest price action
(Kitco News) – With gold trading near $1,500 an ounce amid massive market panic, Capital Economics sees more selling ahead for the precious metal while limiting its potential recovery to $1,600 this year.
Read moreGold price undervalued, could rise to $2,000 an ounce in Q2 – ANZ Bank
(Kitco News) – The gold market is struggling to find traction as massive volatility and uncertainty roil financial markets and investors; however, one Australian bank sees upside potential for gold in the next three months.
Read moreGold prices weaker, but more stable as US stock indexes able to trade
(Kitco News) – Gold prices are trading down but well up from their sharp, early losses as the U.S. stock market is sharply lower at midday but is at least trading, after the stock futures were locked limit down at the opening.
Read moreAlamos Gold reacquiring NSR royalty, lowers cost guidance
(Kitco News) – Alamos Gold Inc. (TSX: AGI; NYSE: AGI) is reacquiring a 3% net-smelter-return royalty on the Island Gold Mine and as a result lowered its cost guidance for 2020, the company announced Monday.
Read moreBMO: ETFs post biggest gold outflows in a year
(Kitco News) – Holdings of gold by exchange-traded funds declined on Friday by the most in a year, said BMO Capital Markets.
Read moreFunds trim bullish gold positioning; bigger decline expected as prices fall
(Kitco News) – Money managers’ net-bullish positioning in gold futures fell modestly during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC). But the next round of statistics may well show a bigger dro…
Read moreFXTM: ‘fear of the pandemic is taking control of investors’
(Kitco News) – Global investors are succumbing to fears about the ultimate economic impact of the COVID-19 virus, said Hussein Sayed, chief market strategist at FXTM. U.S. stock-market futures hit their daily limit-down level in electronic trading Sund…
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