Ex-Deutsche Bank traders found guilty of “spoof” orders in gold and silver futures markets
(Kitco News) – A Chicago court has sentenced a former Deutsche Bank AG trader to a year and one day in prison on Monday on fraud charges for manipulative trading in precious metals futures, saying the scheme undermined confidence in the markets.
Read moreCommerzbank say it is important for gold to break above $1800/oz
(Kitco News) – In their latest note, Commerzbank notes that Gold is continuing to recover from its most pronounced weekly loss in 15 months. The price climbed overnight to $1,790 per troy ounce.
Read moreGold is trading marginally higher at the European open
(Kitco News) – Gold is trading marginally higher leading into the European open on Tuesday. Silver on the other hand is trading just under flat at $25.88/oz after finding some support at $25.55/oz. In the rest of the commodities complex, copper trades…
Read moreBoss Energy updates feasibility study
(Kitco News) – Last year’s feasibility study used US$60/lb U3O8 as a base case. This year it is US$60/lb U3O8
Read moreSt George Mining announces nickel-copper sulphide discovery in Western Australia
(Kitco News) – “The high-grade intersection in MAD199 is a very important breakthrough in our exploration of the
Cathedrals Belt.
Not a quiet summer: Gold price to take direction from U.S. data, Fed speak, USD, and yields – MKS PAMP GROUP
(Kitco News) – After seeing the worst weekly performance in 15 months, some of the worst gold outflows could be behind the precious metals space, according to MKS PAMP GROUP head of metals strategy Nicky Shiels.
Read moreKinross resumes mining at Tasiast after a mill fire, reduces 2021 guidance
(Kitco News) – Kinross Gold (TSX:K; NYSE:KGC) today provided an update regarding the temporary suspension of milling operations at its Tasiast mine due to a fire that occurred on June 15, 2021.
Read moreGoldMining grows gold, copper and silver resources in Alaska
(Kitco News) – GoldMining (TSX: GOLD) announced Monday the results of an updated Mineral Resource Estimate on its 100% owned Whistler project in south central Alaska, U.S.A., consisting of resource estimates for the Whistler, Island Mountain and Raint…
Read moreEurobattery reports 50% resources increase at Hautalampi Ni-Cu-Co project in Finland
(Kitco News) – Eurobattery Minerals, a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announced a new maiden mineral resources estimate results from its Hau…
Read moreBasel III is not a game-changer for gold prices and will lead to higher costs and lower liquidity – Bank of America
(Kitco News) – Many gold analysts have been getting excited about the prospect of strong physical demand coming to the gold market as banks holding the precious metal will have to meet new funding ratio requirements under the Basel III agreements.
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