Could the Fed’s overreaction pull U.S. into recession?
(Kitco News) – As inflation risk looms, one portfolio analyst is carefully watching the Federal Reserve’s response, warning that an overreaction could pull the U.S. into a recession.
Read moreSouth Africa’s DRDGOLD reports production decline in March quarter
(Kitco News) – South African gold producer DRDGOLD (JSE, NYSE: DRD) reported Wednesday that its gold production in March quarter 2021 decreased by 6% from the previous quarter to 1,382kg primarily due to a 9% decrease in yield despite a 3% increase in …
Read moreNew Gold reports production slide in Q1 2021, on track to meet annual guidance
(Kitco News) – New Gold (TSX and NYSE American: NGD) today reported that its total production in Q1 2021 was 96,026 gold equivalent ounces (66,650 ounces of gold, 187,224 ounces of silver and 13.8 million pounds of copper), a 7% decline compared to Q1 …
Read moreGold gains ground amid friendly charts, higher crude oil
(Kitco News) – Gold prices are moderately higher in midday U.S. trading Wednesday, supported by a mildly bullish near-term technical posture and by rallying crude oil prices that hit a two-month high today.
Read moreBuying gold ‘feels very funny’ – Sam Zell
(Kitco News) – Legendary investor Sam Zell said he was pushed into buying gold despite years of talking down the metal.
Read moreGold prices holding on to gains following softer-than-expected ISM service-sector data
(Kitco News) – The gold market is holding on to modest gains as the U.S. service sector sees softer-than-expected momentum, according to the latest data from the Institute for Supply Management (ISM).
Gold sees price gains as U.S. Treasury news quickly shaken off
(Kitco News) – Gold prices are moderately higher in morning U.S. trading Wednesday, after seeing a bit of brief selling pressure following news the U.S. Treasury said it may take extraordinary measures to fund the government if the federal borrowing li…
Read moreGold price steady-firm as bond yields rise on U.S. Treasury news
(Kitco News) – Gold prices are near steady to a bit firmer after seeing a bit of selling pressure in early U.S. trading Wednesday, following news the U.S. Treasury said it may take extraordinary measures to fund the government if the federal borrowing …
Read moreBarrick Gold posts a 78% rise in Q1 profits
(Kitco News) – Barrick Gold (ABX:TSX) has just reported a 78% jump in first-quarter profit smashing analyst expectations. The firm said it is also on track to meet its annual forecasts.
Read moreBitcoin daily chart alert – Bulls showing resilience at mid-week – May 5
(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Wednesday. Trading has turned choppy recently but the bulls have the overall near-term technical advantage and are working to restart a price uptrend on the daily chart.
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