Commerzbank: palladium’s wings to be clipped
(Kitco News) – Commerzbank is comparing palladium to the mythical Greek figure Icarus, who came so close to the sun that the wax on his wings melted and he crashed.
Read moreChinese New Year gold demand called ‘sluggish’
(Kitco News) – Gold demand tied to the Chinese New Year is being described as “sluggish,” apparently dented by the higher price of the precious metal, a slowing economy in the country and a virus outbreak, most traders and analysts said.
Gold prices higher after mixed IHS Markit PMI data
(Kitco News) – Kitco News reports on IHS Markit manufacturing and service sectors indices for January.
Read moreCommerzbank: ETF gold holdings rise 16 tons so far in 2020
(Kitco News) – Holdings of gold by exchange-traded funds have risen by more than 10 tons so far in 2020, said Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares.
Read moreGold prices down as risk appetite ticks up
(Kitco News) – Gold prices are lower in early U.S. futures trading Friday. The safe-haven metal on this day is being pressured by upbeat trader and investor attitudes to end the trading week, despite the specter of the coronavirus outbreak worsening.
Read moreBitcoin daily chart alert – Good week for the bears – Jan. 24
(Kitco News) – Bitcoin-U.S. dollar prices are lower again and hit a two-week low in early U.S. trading Friday.
Read moreEndeavour Mining meets guidance
(Kitco News) – In 2020 the company said it will produce 680,000 to 740,000 at an AISC ranging from $845 to $895/oz.
Read moreGold bulls to have the upper hand in 2020, but massive rally is unlikely — INTL FCStone
(Kitco News) – Gold prices are in store for more gains in 2020, but INTL FCStone is ruling out a massive 2019-like rally.
Read moreSearch for missing worker underway at Henty Gold Mine
(Kitco News) – Diversified Minerals and PYBAR Mining Services have been in contact with the family of the affected worker and have provided them with regular updates on the progress of the rescue effort.
Read moreTop trade is silver, says Guggenheim analyst
(Kitco News) – “When you look at the relative values of silver and gold, silver is about 65% below its prior peak while gold is very close to its prior peak,” said Minerd.
Read more