Gold, silver see important follow-through buying Thursday
(Kitco News) – Gold and silver prices are posting good gains on follow-through buying from Wednesday’s solid advances. The gold and silver bulls have gained a bit of upside technical momentum.
Peru’s mining sector contracted 2% in February
(Kitco News) – The National Institute of Statistics and Informatics of Peru (INEI) announced today that the domestic mining and hydrocarbons sector declined by 5.34% in February 2021.
Read moreGold price holding steady above $1,700 even as ISM manufacturing Index rises highest level since 1983
(Kitco News) – The gold market continues to hold on to early session gains even as the U.S. manufacturing sector saw a significant rise in sentiment in March, according to the latest data from the Institute for Supply Management (ISM).
Gold price holding above $1,700 as Weekly jobless claims number rise back above 700,000
(Kitco News) – The gold market is holding on to gains above $1,700 but is seeing little reaction as more American workers than expected apply for first-time unemployment benefits.
Gold, silver see steady price action as USDX pauses
(Kitco News) – Gold and silver prices are trading not far from unchanged levels in early U.S. trading Thursday, following good gains on Wednesday that gave the bulls some resuscitation.
Read moreBitcoin daily chart alert – The trend is the bulls’ friend – Apr. 1
(Kitco News) – Bitcoin-U.S. dollar prices are near steady in early U.S. trading Thursday, on some more routine chart consolidation. The bulls are keeping alive a price uptrend in place on the daily bar chart.
Read moreSo far so good with PMI’s in Europe/Asia over to the U.S.
(Kitco News) – So far so good on the manufacturing purchasing managers index (PMI) results across the world. Overnight the main one to look out for came from China. The economic powerhouse posted a Caixin reading of 50.6 for the month of March marginal…
Read moreGold ETF’s post some outflows but there is a key technical support close by
(Kitco News) – Gold ETF’s are showing some more outflows this week. Gold Shares (GLD:NYSE) saw an approximate $288.6 million dollar outflow that’s a 0.5% decrease week over week (from 359,600,000 to 357,800,000).
Read moreGold has posted some more gains leading into the EU open
(Kitco News) – Gold (0.55%) has continued to show some strength after bouncing off the previous wave low at $1676.91/oz. Silver has not traded so well overnight and is down around -0.48% trading at $24.27/oz.
Read morePureGold achieves designed milling capacity, encounters lower than anticipated head grades
(Kitco News) – Realized head grades for the first quarter were lower than anticipated due to ramp-up related issues.
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