Gold price holding steady as Q4 GDP rises in line with expectations, personal spending disappoints
(Kitco News) – Gold prices are holding steady gains as the U.S. economy ended the year in line with expectations, according to the first reading of the fourth-quarter gross domestic product report showed weak growth from October to December.
Read moreBitcoin daily chart alert – Bulls remain strong – Jan. 30
(Kitco News) – Bitcoin-U.S. dollar prices are steady to higher in early U.S. trading Thursday and near this week’s 11-week high. There has been continued safe-haven demand amid concerns about a pandemic coming from the current coronavirus outbreak.
Global gold demand fell 1% in 2019 despite record investor buying
(Kitco News) – It was a Tale of Two Cities for the gold market in 2019: it was the best of times and it was the worst of times, according to year-end data published by the World Gold Council (WGC)
Read moreAll of Chile’s copper mines to run in ‘extremely high water-stressed’ areas by 2040
(Kitco News) – With climate change, the consultancy warned that water shortages will get worse for miners leading to social and technical challenges.
Read moreBTU Metals drops on drill results
(Kitco News) – BTU Metals traded down 21% to 21.5 cents a share.
Read moreRio Tinto ups interest in Citadel to 65%
(Kitco News) – The Citadel Project is located immediately adjacent to Rio Tinto’s Winu project in the Paterson Province, northern Western Australia.
Orocobre says price per tonne of lithium down 24%
(Kitco News) – Orocobre, which runs its Salar de Olaroz in Argentina’s “Lithium Triangle”, released its operation report for the quarter.
Refinitiv GFMS: gold could test $1,700/oz in 2020
(Kitco News) – On the supply side, Refinitiv said environmental concerns and a crackdown on illegal mining led to a fall in gold output during in 2019.
Read moreChallenges still remain for the uranium mining sector, but change is on its way
(Kitco News) – Challenges still remain for the uranium mining sector, but change is on its way
Read morePowell triggers small gold price rally after Fed keeps rates unchanged
(Kitco News) – Gold prices began to rise as Federal Reserve Chair Jerome Powell took the stage following the central bank’s decision to keep rates steady on Wednesday.