Chinese official trade data shows a drop in metals purchases
(Kitco News) – It is fair to say copper has had a decent run over the last few months but as China looks to ward off inflation their imports of the base metal fell 8% in May. Customs data released overnight showed record-high prices further eroded buying interest in the world’s top consumer of the metal.
Gold price levels ahead of the U.S. open
(Kitco News) – Gold is in a firm consolidation mode at the moment after finding some firm support at the low volume now just under $1860/oz last week. The price of gold is around -0.33% lower on the session but yellow metal has really consolidated bet…
Read moreGold and silver trade lower heading into the European open
(Kitco News) – Gold and silver have moved lower leading into the first trading day of the week. Gold is trading -0.35% lower at $1883.45/oz, while silver has dropped over 1% to trade at $27.50/oz. In the rest of the commodities complex, spot WTI is dow…
Read moreGold price makes a comeback: Russia ditches U.S. dollar, gold stocks best buy since 1980s
(Kitco News) – After dropping more than $40, gold is making a comeback following another disappointing jobs report out of the U.S.
Read moreBiden is deliberately creating labor shortages to boost wages and inflation says Mark Skousen
(Kitco News) – Biden is deliberately creating labor shortages to boost wages and inflation says Mark Skousen
Read moreGlobal lithium production to keep up with demand until 2026 – report
(Kitco News) – DISER said that global lithium production is forecast at 516,000 tonnes LCE in 2021, and projected to be 1,084,000 tonnes by 2026.
Read moreWhy did Friday’s jobs report miss expectations? Is the economy in trouble?
(Kitco News) – Why did Friday’s jobs report miss expectations? Is the economy in trouble?
Read moreGold is hitting its stride
(Kitco News) – According to many analysts, financial markets have entered a goldilocks environment where conditions are neither too hot nor too cold. This, it turns out, is also the perfect environment for the gold market.
Read moreGold price holds bullish line: Inflation and U.S. dollar are key for next week
(Kitco News) – Gold saw a lot of volatility this week – first falling more than $40 and then climbing back up towards the $1,900 an ounce level. And the bull trend is far from over, according to analysts.
Read moreGran Colombia completes Gold X acquisition, creates new mid-tier Latin American gold producer
(Kitco News) – Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) announced today the completion of its acquisition of all of the issued and outstanding common shares of Gold X Mining not already owned by Gran.
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