Gold in the ‘sweet spot’ as wage inflation rises, but is market overbought above $1,900?
(Kitco News) – Sentiment remains firmly bullish in the gold market as the precious metal finds its sweet spot in financial markets.
Read moreNoront says Wyloo bid ‘may never materialize’
(Kitco News) – Noront Resources (TSXV: NOT), the Canadian-based resource developer and explorer, which is to develop the first mine in the Ring of Fire, clarified today that Wyloo Metals, owned by Australian mining magnate Andrew Forrest, has not yet c…
Read moreIvanhoe Mines reports fatality at Kamoa-Kakula
(Kitco News) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) reported today that a fatal accident occurred at the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC).
Read moreBarrick says Porgera mine moves closer to restart in 2021
(Kitco News) – Barrick reported today that the process of re-opening of the Porgera gold mine under the terms of the binding framework agreement between the government and operator Barrick Niugini Limited (BNL) took a major step forward with a discussi…
Read moreRussian mining giant Nornickel resumes mining at Taimyrsky
(Kitco News) – Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced Friday that on June 1, the company began to gradually restart ore mining at the Taimyrsky underground mine …
Read moreGold sees price bump on U.S. non-farm payrolls downside miss
(Kitco News) – Gold and silver prices are moderately higher and near daily highs in early morning U.S. trading Friday, after receiving a lift following a key U.S. economic report that was a slight miss to the weak side.
Read moreGold prices push higher after U.S. economy created 559K jobs in May, missing expectations
(Kitco News) – Gold prices are pushing deeper into positive territory back an ounce level as the U.S. economy created slightly fewer jobs than expected in May.
Read moreStandard Chartered – $1900 is a critical level for gold
(Kitco News) – Standard Chartered is looking for more upside in gold and has noted some political and flow-driven reasons for the price move higher. The London-based investment bank believes $1900/oz and then $1960/oz are key levels in the gold price a…
Read moreBitcoin daily chart alert – Bulls wilting again late this week – Jun. 4
(Kitco News) – Bitcoin-U.S. dollar prices are solidly lower in early U.S. trading Friday. Bulls were making some progress this week, but have faded badly Friday. Recent price action has formed a bearish symmetrical triangle pattern on the daily bar cha…
Read moreSilver intraday technical analysis ahead on non-farm payrolls
(Kitco News) – Silver took a heavy fall yesterday and the move was backed by some serious volume which can be seen from the volume histogram at the bottom of the chart. The price has been flirting with the volume profile value area and managed to break…
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