Gold is the only thing to own after Fed cuts rates to zero – analysts
(Kitco News) -A cacophony of instability has hit financial markets at the start of a new trading week, but with central banks, led by the Federal Reserve, dropping interest rates to zero, analysts now say that the only place investors can turn to is gold.
Read moreThe Fed employs ‘their full bazooka’
(Kitco News) – Mohamed A. El-Eria said the Fed was force to act on Sunday with the Asian markets opening.
Read moreBitcoin, gold price rally as Fed slashes federal funds rate
(Kitco News) – The federal funds rate is the interest rate used by depository institutions, such as banks and credit unions, when lending reserve balances to other depository institutions.
Read moreLotus Resources completes acquisition of Kayelekera uranium project
(Kitco News) – Lotus said Kayelekera has more than $200M invested in plant and infrastructure and produced uranium from
2009 to 2014.
Zinc exploration company halts work in Italy
(Kitco News) – The company said that the government has now decreed that all of Italy is the subject of restrictions to limite the spread of the COVID-19 virus. The restrictions will remain in force throughout Lombardy until 3 April 2020.
Read moreSilverCrest Metals announces C$75 million bought-deal financing
(Kitco News) – The underwriters will purchase 9.1 million common shares at a price of C$8.25 per share for proceeds of about C$75 million.
Read moreEly Gold closes purchase of net profit royalty from Liberty Gold
(Kitco News) – Ely is entitled to 15% of the net profits from mining claims in Mineral County, Nevada.
Read moreSuperior Gold commits to 100,000 ounces annually
(Kitco News) – The company realized a record gold price of $1,387 per ounce.
Read moreDash for cash: investors dump shares, bonds in wild week for markets
(Kitco News) – The other well-known safe-haven, gold, saw a lesser $3.1 billion of inflows.
Read moreGold dives, palladium heads for record weekly decline
(Kitco News) – Platinum dropped 1.5% to $751.50, headed for its biggest weekly loss ever.
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