Central and Eastern European central banks are buying up gold, citing ‘rapid structural changes in the global economy’ – WGC
(Kitco News) – After several large gold purchases by Poland and Hungary, the Central and Eastern Europe region now accounts for 17% of total global central bank gold purchases over the last three years, according to the World Gold Council.
Read moreGold, silver see near-steady price action, but bulls have momentum
(Kitco News) – Gold and silver prices are trading not far from unchanged levels in early U.S. trading Tuesday. The metals are pausing after gold prices hit a seven-week high Monday and silver hit a three-week high last Friday.
Read moreBitcoin daily chart alert – Bulls working to stabilize prices early this week – April 20
(Kitco News) – Bitcoin-U.S. dollar prices are a bit higher in early U.S. trading Tuesday as the bulls early this week work to recover from last weekend’s heavy selling pressure.
Gold Futures Technical Analysis: The price hit a roadblock at a significant previous support zone
(Kitco News) – Looking at the gold futures daily chart, it is clear to see the price has met some resistance. The level that stopped the yellow metal in its tracks came at around the low seen on 30th November 2020.
Read moreJP Morgan’s David Kelly talks about a commodities supercycle
(Kitco News) – In a very interesting and detailed Linkedin post JP Morgan’s Chief Global Strategist David Kelly took us through history and explained inflation cycles in a previous era.
Read moreGold and silver are mixed leading into the European open
(Kitco News) – Gold is trading marginally lower heading into the European open and this comes after a 0.32% fall in yesterday’s session. Silver performing slightly better trading 0.30% higher but this also comes after a drop on Monday’s session.
Read moreAustralian rare earth company signs offtake with thyssenkrupp
(Kitco News) – “The contract grants thyssenkrupp exclusive rights to market and distribute Hastings’ Yangibana highquality rare earths product on a worldwide basis except for certain excluded customers of Hastings.”
Read moreLynas achieves record selling prices, opts for 75% production in Malaysia
(Kitco News) – The company noted that a judicial review application has been lodged in Malaysia “…challenging the processes followed during the August 2019 renewal of the Lynas Malaysia operating licence. The hearing of that judicial review applicati…
Read moreRio Tinto says grades drop copper output, wet weather lowers iron ore production
(Kitco News) – The production drop off was due to lower recoveries and throughput at Escondida and Kennecott partly offset by the anticipated higher grade from the Oyu Tolgoi open pit.
Read moreThis is the biggest bubble of all-time, and it’s going to ‘haunt us’ – Peter Grandich
(Kitco News) – This is the biggest bubble of all-time, and it’s going to ‘haunt us’ – Peter Grandich