BoE’s Haldane talks tapering
(Kitco News) – The Bank of England’s Andy Haldane has commented on the U.K.’s move out of the coronavirus pandemic. Interestingly the Chief Economist at the bank said the BoE may need to start turning off the stimulus tap. As a reminder, Haldane voted last month to cut the Bank’s £895 billion QE programme by £50 billion in light of the UK’s recovery prospects.
Rare gold coin sold for $18.9mln at Sotherby’s auction
Kitco News) – A rare gold has been sold at auction in the U.S. for $18.9 million. The face value of the collector’s item was just $20 and the “Double Eagle” was the last gold coin produced for intended circulation in America. The coin was expected to s…
Read moreGold is hovering at $1890/oz leading into the European open
(Kitco News) – Gold is trading flat heading into the European session. The yellow metal is hovering at around $1890/oz and silver has moved -0.12% lower to trade at $27.57/oz. Copper has once again had a tough session falling -0.62% while spot WTI trad…
Read moreWhat to expect for the dollar, inflation, and geopolitical risks – Kevin Rich
(Kitco News) – What to expect for the dollar, inflation, and geopolitical risks – Kevin Rich
70s-style inflation: Biggest risk is ‘invisible wealth destruction,’ gold price going to $20K this decade
(Kitco News) – The main risk facing investors this decade is not a stock market correction but invisible wealth destruction due to high levels of inflation that are here to stay, said Briton Hill, president and partner at Weber Global Management.
Read moreGlobal refined copper demand to rise 31% by 2030 – report
(Kitco News) – According to the Australian Government’s Department of Industry, Science, Energy and Resources (DISER), copper consumption is expected to continue recovering and increasing, driven by improving economic growth and copper’s essential role in electrification.
Coal-related CO2 emissions in the US will rise 15% in 2021 – report
(Kitco News) – In its Short-Term Energy Outlook released today, the U.S. Energy Information Administration (EIA) noted that the increase in economic activity and easing of the COVID-19 pandemic have contributed to rising energy use in the United States.
Read moreOrezone jumps on intersect
(Kitco News) – Near-term producer Orezone Gold (TSX.V:ORE) traded higher Tuesday after announcing an intersects 32 m of 3.87 g/t gold including 6 m of 14.40 g/t gold and the indefication of near surface high-grade gold mineralization outside of reserves at Bomboré.
Candelaria calls off Georgian acquisition
(Kitco News) – Citing “protracted delays”, Candelaria Mining (TSXV:CAND, OTC PINK:CDELF) said it and Empire Metals have mutually agreed to terminate their agreement for Candelaria to acquire GMC Investments, a wholly-owned subsidiary of Empire.
Read more$2,700 gold price ‘could be reached in 1 to 2 years’ at the earliest – Chris Vermeulen
(Kitco News) – The last two gold bull cycles, culminating in peaks in 1980 and 2011, were both followed by a price correction and then a multi-year consolidating pattern.
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