Gold-bitcoin comparison is ‘exaggerated’ – RBC Capital Markets
(Kitco News) – Many define bitcoin as digital gold, but the comparison is exaggerated since the two assets are not a substitute for one another, said RBC Capital Markets.
Read moreVanEck sees gold price falling to $1,600 before it rallies to $3,000
(Kitco News) – Gold prices have pushed solidly above last week’s 10-month low; however, according to one portfolio manager, the precious metal still faces challenging headwinds as the outlook for the U.S. economy continues to improve.
Gran Colombia acquires Gold X, creates mid-tier Latin American-focused gold producer
(Kitco News) – Total consideration is approximately CA$315 million.
Read more2021 will be a ‘record year’, but for which asset? BMO’s Colin Hamilton
(Kitco News) – 2021 will be a ‘record year’, but for which asset? BMO’s Colin Hamilton
Hedge funds continue to sell gold but the storm is almost over, say analysts
(Kitco News) – Hedge funds continue to dump gold, according to the latest trade data from the Commodity Futures Trading Commission (CFTC), but analysts have said that the scales could soon tip back into favor for the precious metal.
Read moreGold, silver gain as U.S. stock market pauses
(Kitco News) – Gold and silver prices are moderately higher in midday U.S. trading Monday, on some short covering by the shorter-term futures traders and some perceived value buying buy traders in the cash market.
Read moreJaguar Mining delivers strong financial and operational results in 2020, declares dividend
(Kitco News) – Jaguar Mining (TSX:JAG, OTCQX:JAGGF) today announced that the company’s full-year 2020 gross profit increased 269% to $85.7 million compared to $23.2 million in 2019.
Read moreNew drill results indicate potential for ‘strong’ gold reserves and resources growth at Detour Lake
(Kitco News) – Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) today announced results from 30 holes (21,928 m) of drilling at Canada’s second largest Detour Lake gold mine.
Read moreFed’s catch-22 scenario and why it means gold price will shine in 2021 – Adrian Day
(Kitco News) – Investors who are giving up on gold because of its recent lackluster performance have not been paying close enough attention to the precious metal’s price action in the last two years, according to one fund manager.
Read moreGold price looks to the Fed as focus shifts to 2023 rate hikes – analysts
(Kitco News) – There are signs that gold has found a bottom after a streak of weekly losses, according to analysts. Now, the focus is shifting to the Federal Reserve’s rate announcement on Wednesday, which will include updated economic projections as w…
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