Modest price gains for gold, bulls remain in firm control
(Kitco News) – Gold prices are modestly up in early morning U.S. trading Tuesday, as the sellers remain constrained by the bullish technical chart postures in place for both gold and silver.
Read moreBitcoin daily chart alert – Bulls still struggling – Jun. 8
(Kitco News) – Bitcoin-U.S. dollar prices are lower in early U.S. trading Tuesday. Bulls are still on the ropes.
Read moreGlobal websites down
(Kitco News) – Multiple websites are showing to be offline leaving conspiracy theorists running wild. At one stage the likes of Amazon, Twitter, CNN, and Reddit were all not working as there could be some possible issues with Amazon’s AWS system
Read moreRisk sentiment improves heading into the U.S. open
(Kitco News) – Risk sentiment in the equities markets improved this morning as it seems traders are betting stimulus could be here for longer. The latest eurozone data showed GDP was down by 0.3% and employment also fell 0.3% for the first quarter of 2…
Read moreGold flirts with $1900/oz ahead of the European open
(Kitco News) – Gold is flat this morning heading into the European open while live is trading marginally lower. After yesterday’s 0.47% rise the yellow metal is now flirting with $1900/oz again this morning while silver is yet to break $28/oz. In the r…
Read moreMarijuana to be decriminalized? House reintroduces bill; what investors need to know – Luis Merchan
(Kitco News) – Marijuana to be decriminalized? House reintroduces bill; what investors need to know – Luis Merchan
Global nickel market may turn into deficit by 2023 – report
(Kitco News) – According to the Australian Government’s Department of Industry, Science, Energy and Resources (DISER), global nickel production in 2020 suffered due to multiple mine closures and disrupted production due to the pandemic’s lockdown effect, and the total mined nickel of 2.4 million tonnes was down 12% compared to 2019.
Ignore Fed tapering, gold investors need to focus on inflation and real interest rates – Commerzbank
(Kitco News) – The gold market is making a move back towards $1,900. And with inflation on the rise, one bank said that precious metals investors don’t have to fear the Federal Reserve adjusting its ultra-loose monetary policy.
Read moreBitcoin to become legal tender in El Salvador; Trump calls BTC a ‘scam’ – Frank Holmes comments
(Kitco News) – El Salvador President Nayib Bukele announced at the Bitcoin 2021 Conference in Miami that the country is in the process of adopting Bitcoin as legal tender.
Read moreCornish completes test site to extract lithium from geothermal waters
(Kitco News) – Cornish Lithium, the pioneering mineral exploration and development company headquartered in Cornwall, announced Monday that it has successfully completed the construction of its United Downs Geothermal Water Test Site in Cornwall.
Read more