Franco-Nevada reports record results for 4Q, 2019
(Kitco News) – Royalty and streaming company Franco-Nevada (NYSE, TSX: FNV) late Monday reported records for adjusted earnings and revenue in the fourth quarter and full-year 2019.
Read moreBannockburn: stocks higher, gold softer on hopes for U.S. measures
(Kitco News) – Financial markets are bouncing, leaving gold on the defensive, on hopes the U.S. will come up with a plan to combat economic damage from the coronavirus outbreak, said Marc Chandler, managing director with Bannockburn Global Forex.
Read moreFXTM: ‘you wouldn’t catch a falling knife’
(Kitco News) – The selling in global financial markets is not over and it may be too early to jump back in expecting a meaningful recovery, said Jameel Ahmad, global head of currency strategy and market research at FXTM.
Read moreCommerzbank: ETF gold holdings still rising
(Kitco News) – Gold is on the defensive early Tuesday, but nevertheless holdings by gold-backed exchange-traded funds show investors still want exposure to the metal, said Commerzbank analyst Daniel Briesemann.
Read moreGold prices back off as global equity markets rebound Tuesday
(Kitco News) – Gold prices are moderately lower in early U.S. futures trading Tuesday, on a corrective pullback after hitting a seven-year high above $1,700.00 Monday.
Read moreBitcoin daily chart alert – Bears in control – Mar. 10
(Kitco News) – Bitcoin-U.S. dollar prices are higher early Tuesday on a corrective bounce after hitting a two-month low Monday.
Read moreM&A is inevitable: Orefinder’s Steve Stewart
(Kitco News) – “My thesis is that M&A is inevitable, whether it is today or tomorrow. I don’t know when. It is just inevitable.”
Canadian mining sector is suffering, but there is still hope – PDAC president
(Kitco News) – “M&A is here to stay in the mining sector for a while,” he said. “There are a lot of good deals in the marketplace and this action will bring investors back.”
‘Gold up, the rest down’: it’s a ‘stair-step rally’ for gold prices — Bloomberg Intelligence
(Kitco News) – Gold is heading higher and will breach $1,700 an ounce but first, it needs to build a base just below that level, according to Bloomberg Intelligence, which describes gold’s move up as a “stair-step rally.”
Read moreFed has now backed themselves into a corner where stimulus is useless
(Kitco News) – The Federal Reserve’s inter-meeting emergency 50-basis-point interest rate cut last week was a panic move and will continue to support gold prices, said Adrian Day, CEO of Adrian Day Asset Management.