Gold price remains under pressure as Federal Reserve downplays rising inflation
(Kitco News) – Gold prices are seeing little movement Wednesday afternoon after the Federal Reserve downplayed rising inflation and reiterated its stance that it is in no hurry to tighten monetary policy anytime soon.
Medusa reports gold production setback in the Philippines
(Kitco News) – Medusa Mining reported today that gold production at its Co-O mine in the Philippines for the March quarter 2021 was 18,359 ounces, a 30% decline compared to December quarter 2020.
Read moreAustralian gold miner St Barbara reports lower production in Canada
(Kitco News) – Australian gold mining company St Barbara reported today that its consolidated gold production was 82,303 ounces in March quarter 2021, a 8% decline compared to the previous quarter (89,670 ounces).
Read moreSurge in copper prices boosts Teck’s profit in Q1 2021
(Kitco News) – Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) today announced that its copper production of 71,700 tonnes in Q1 2021 was similar to a year ago.
Read moreIt’s too early to call bitcoin the new gold, says Goldman Sachs
(Kitco News) – After the recent rise in risk-off sentiment due to a renewed surge in coronavirus cases worldwide, bitcoin failed as a defensive asset, which shows that it is too early to rely on it as the new digital gold, according to Goldman Sachs.
Read moreGold price won’t push above $1,900 until 2022 – Murenbeeld & Co
(Kitco News) – Not only has gold struggled to find enough traction to break above $1,800 an ounce, but one market analyst is warning investors they might not see $1,900 an ounce until next year.
Read morePalladium on its way to $3,000 as supply-demand imbalance grows – analysts
(Kitco News) – A deepening fundamental supply/demand imbalance in the palladium market has propelled prices to new all-time highs. Analysts think this is the start of another bigger move with the potential for the precious metal to rise past $3,000 an …
Read morePrice pressure on gold, silver as bond yields on the rise
(Kitco News) – Gold and silver prices are solidly lower in early U.S. trading Wednesday, on some profit taking from the shorter-term futures traders after recent gains, and as U.S. Treasury bond yields are on the rise again.
Read moreBitcoin daily chart alert – Bulls make progress at mid-week – Apr. 28
(Kitco News) – Bitcoin-U.S. dollar prices are near steady in early U.S. trading Wednesday, following good gains on Monday and Tuesday after falling to a seven-week low last weekend.
Read moreSilver Technical Analysis ahead of the FOMC meeting
(Kitco News) – Silver (-1.19%) has been moving lower in the Asian/EU session ahead of the U.S. open. The channel formation is one of the key features on the chart and any break or test of the structure could give us an indication of the future trajecto…
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