Production begins at Kamoa-Kakula, one of the largest copper projects worldwide
(Kitco News) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today the start of copper concentrate production at the Phase 1, 3.8 million-tonne-per-annum (Mtpa) Kamoa-Kakula mine, on May 25th, several months ahead of schedule.
Read moreCentral banks turning to gold again, Bank of Thailand buys 43.5 tonnes in April
(Kitco News) – After a relatively slow start to the year, central banks are taking an interest in gold, which could be an essential support for prices, according to analysts at Commerzbank.
Read morePrice gains for gold, silver, amid bullish technicals
(Kitco News) – Gold and silver prices are higher in early morning U.S. trading Wednesday, with gold notching a fresh 4.5-month high and moving above what was psychological resistance at the $1,900.00 level.
Read moreBitcoin daily chart alert – Bulls stop the bleeding at mid-week – May 26
(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Wednesday. Bulls have at least temporarily stabilized prices at mid-week, after last week’s drubbing. Bulls have more heavy lifting to do.
Did you notice this level in Gold?
(Kitco News) – The technicals on the gold chart have been fantastic of late. The price has been trending higher on the shorter-term charts and on this weekly chart below it looks like the retracement to $1716.6/oz (March) was just a blip in a longer-te…
Read moreIs the RBNZ calling time on pandemic policy?
(Kitco News) – The main story from the RBNZ is the fact that the rate forecasts have now shifted toward a 25bps hike in September 2022. In addition to this, the projections are now showing that 1.75% could be likely by June 2024. Are the RBNZ about to …
Read moreGold trades above $1900/oz leading into the European open
(Kitco News) – Gold and silver are trading higher this morning leading into the European open. The yellow metal is 0.23% up trading above $1900/oz while silver has moved above $28/oz. In the rest of the commodities complex copper (0.32%) trading in the…
Read moreLucapa plans A$8.5 million acquisition of Northern Territory diamond project
(Kitco News) – Earlier this month Lucapa announced that it recovered a +100 carat diamond from Lulo.
Read moreWorld’s gold production expected to decline after peaking in 2024 – report
(Kitco News) – According to the report, after a peak of 3,807 tonnes in 2024, the world’s gold mine production is projected to decline at an annual rate of 0.8% in 2025 and 2026, to 3,746 tonnes in 2026.
‘A regime change in gold’: This is why gold price is last to surge on inflation trade – portfolio manager
(Kitco News) – The gold market was one of the last assets to rise on inflation fear headlines, and that is because there has been a regime change in the precious metal market, said Portfolio Wealth Advisors president and CIO Lee Munson.
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