Gold is running out of gas, but analysts see correction as buying opportunity
(Kitco News) – Hedge funds are starting to take some profits in their bullish gold bets as the price struggles around $1,900 an ounce, according to the latest data from the Commodity Futures Trading Commission (CFTC).
Read moreRussia’s central bank ‘not planning to buy gold’ due to changes in National Wealth Fund composition
(Kitco News) – Russian central bank is “not planning” on buying more gold on the domestic market in light of the recent changes to the National Wealth Fund composition, said Elvira Nabiullina, the head of the country’s central bank.
Read moreVista Gold a step closer to start gold mining in Australia
(Kitco News) – Today, Vista Gold (NYSE American and TSX: VGZ) announced that it has received approval of the Mining Management Plan (“MMP”) by the Northern Territory Government for the company’s 100% owned Mt Todd gold project located in Northern Terri…
Read moreYamana expects construction decision for Wasamac in July, acquires adjoining properties
(Kitco News) – Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) announced Monday that it has agreed to acquire from Globex Mining the Francoeur, Arntfield and Lac Fortune gold properties adjoining the company’s Wasamac project as well as additional claims in the Beauchastel township to the east of the Wasamac project.
Yamana expects construction decision for Wasamac in July, acquires adjoining properties
(Kitco News) – Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) announced Monday that it has agreed to acquire from Globex Mining the Francoeur, Arntfield and Lac Fortune gold properties adjoining the company’s Wasamac project as well as additional claims in the Beauchastel township to the east of the Wasamac project.
Solid price pressure on gold, silver amid scant risk aversion
(Kitco News) – Gold and silver prices are sharply down and near their session lows in early morning U.S. trading Monday.
Read moreBitcoin daily chart alert – Bulls continue to gain their footing Monday – Jun. 14
(Kitco News) – Bitcoin-U.S. dollar prices higher in early U.S. trading Monday and hit a 2.5-week high. Bulls have made a solid rebound from recent selling pressure
Read moreLooking at cost of production for U.K. listed firms
(Kitco News) – With gold prices at relatively high levels, many of the U.K. listed miners move in line with the current gold price. Are all the miners the same?. In this article, we will look at companies and delve into the cost of production with some…
Read moreWhere are the support levels in gold?
(Kitco News) – Gold has been moving lower in recent sessions but the precious metal is coming up to some important support zones. Relatively speaking gold has been performing well recently and this bout of weakness could be in response to the rise in t…
Read moreGold tades lower ahead of the European open
(Kitco News) – Gold is having a poor start to the week as the yellow metal is trading -0.84% lower at $1860/oz. Silver (-0.40%) is slightly better off trading at $27.76/oz. In the rest of the commodities complex, copper has fallen 0.80% while spot WTI …
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