Already ‘bubbly’ market at risk of popping if Fed hikes rates says economist – Peter Berezin
(Kitco News) – Already ‘bubbly’ market at risk of popping if Fed hikes rates says economist – Peter Berezin
Read moreDeep-South says Haib Copper licence renewal denied
(Kitco News) – Renewal application has been denied citing the company’s inability to advance the Licence to Pre-Feasibility and complete the proposed drilling program as planned.
Gold price plunges $40 as Powell says inflation will be like the ‘lumber experience’
(Kitco News) – The gold space saw another significant selloff after Federal Reserve Chair Jerome Powell spoke about inflation, the Fed’s dot plot, and clarified plans on tapering.
Read moreRussia’s Nornickel uses digital tokens to fight illegal mining and trafficking of minerals
(Kitco News) – Russian mining giant Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper.
Read moreZijin can pay off $1.4 billion Nevsun purchase in just 13 months
(Kitco News) – Zijin Mining announced Wednesday that it has entered the trial production stage for its Cukaru Peki copper and gold mine located in Serbia.
Read moreSeabridge reports COVID-19 case at 3Aces in Yukon
(Kitco News) – Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that a contractor at its 100% owned 3Aces project in Canada’s Yukon has tested presumptively positive for COVID-19 when the company conducted a rapid antigen test after the person arri…
Read moreGold sells off as FOMC statement deemed hawkish
(Kitco News) – Gold prices are solidly lower and hit daily lows and a four-week low in afternoon U.S. trading Wednesday
Read moreKinross suspends gold mill in Mauritania due to a fire
(Kitco News) – Kinross Gold (TSX:K; NYSE:KGC), a major gold producer, announced today a temporary suspension of mill operations at its Tasiast mine in Mauritania due to a fire on June 15, 2021. There were no injuries reported due to the fire.
Read moreGold prices drop sharply following optimistic Federal Reserve that could raise rates in 2023
(Kitco News) – The gold market is losing some ground as the Federal Reserve strikes an optimistic tone on the health of the economy and signals that interest rates could rise by 2023.
Read more‘Big Short’ investor Michael Burry warns of ‘greatest speculative bubble of all time’
(Kitco News) – After deleting all his tweets just over two months ago, the “Big Short” investor Michael Burry is back with a clear message — markets are in the biggest bubble in history.
