Gold prices push closer to $1,800 as ISM shows drop in momentum in U.S. manufacturing sector
(Kitco News) – Gold prices are holding steady gains and pushing closer to $1,800 an ounce even as momentum in the manufacturing sector slows down slightly, according to the latest data from the Institute for Supply Management (ISM).
World Bank sees dreary gold prices, silver and platinum to outperform in 2021
(Kitco News) – The gold market’s dismal start to 2021 could be just the beginning of a longer-term downtrend as the World Bank forecasts lower prices for 2021 and 2022.
Read moreGold, silver see good price gains on bullish outside markets
(Kitco News) – Gold and silver prices are solidly up in early U.S. trading Monday, on some perceived bargain hunting and amid bullish outside market forces that include a weaker U.S. dollar index and slightly firmer crude oil prices.
Read moreBitcoin daily chart alert – Bull continue to gain ground to start trading week – May 3
(Kitco News) – Bitcoin-U.S. dollar prices are higher and hit a two-week high in early U.S. trading Monday.
Read moreRound up of EU PMI’s before the North American open
(Kitco News) – Manufacturing data from Europe has still been impressive but marginally missed estimates (flash readings). The main manufacturing nation in the Euro Area is Germany and they recorded a respectable reading of manufacturing PMI (Apr) 66.2 …
Read moreChinese gold consumption reaches pre-pandemic levels
(Kitco News) – It was reported during the Asian session that Chinese gold consumption soared 93.9% in the first three months from the same quarter a year earlier. This was according to the China Gold Association who released the report on Friday.
Read moreGold and Silver trade higher leading into the EU open
(Kitco News) – Gold and silver have moved higher on the first Asian trading session of the week. The yellow metal trades just over half a percent higher at $1778/oz and silver has risen 0.60% to trade at $26/oz once again. In the crypto space, BTC/USD …
Read morePeru’s mining sector soars 20% in March
(Kitco News) – INEI said that Peru’s metallic mining subsector grew 20.44% in March 2021.
Read moreHow high would gold price be if not for bitcoin?
(Kitco News) – With bitcoin still holding investors’ attention this year, is gold falling behind? Many analysts say that gold’s price action is being hurt by all the money going into cryptos.
Forget hyperinflation; Why the U.S. is becoming Japan, not Zimbabwe – Michael Lee
(Kitco News) – Forget hyperinflation; Why the U.S. is becoming Japan, not Zimbabwe – Michael Lee