U.K. construction PMI shows new orders are at record levels
(Kitco News) – The U.K. data has been great of late with the manufacturing and services sectors hitting record numbers in terms of expansion in the COVID recovery era. Today was no different, the construction PMI report from Markit showed that new orde…
Read moreGold bounces off its overnight lows to trade positive ahead of the European open
(Kitco News) – Gold trades marginally higher leading into the European open. Gold fell 1.95% on Thursday’s session but overnight the yellow metal traded as low as $1856.15/oz and is now holding at $1873/oz 0.11% higher. Silver is down -0.39% trading at…
Read moreAMC, Dogecoin explode, can prices continue to skyrocket? Gareth Soloway
(Kitco News) – AMC, Dogecoin explode, can prices continue to skyrocket? Gareth Soloway
Read moreMay was ‘as good as it gets’ for metals this year, including gold price, silver price – Capital Economics
(Kitco News) – Most industrial and precious metals will end the year lower than the current levels, said Capital Economics in a new report.
Read moreThis vegetable may solve mercury use problem in artisanal gold mining – report
(Kitco News) – A team of researchers representing the University of British Columbia (Canada), the Federal University of Bahia (Brazil), as well as the Embrapa Cassava and Fruits Center (Brazil).
Read moreGold price tumbles $40, will it collapse back to $1,700? Watch these warning signs – Jim Wyckoff
(Kitco News) – Gold fell 2% on Thursday, but this is just reflective of routine profit taking, said Jim Wyckoff, senior analyst of Kitco News.
Read moreRussia plans to revive the world’s largest new uranium project
(Kitco News) – Russian Deputy Prime Minister Yury Trutnev said yesterday that the state nuclear corporation Rosatom, which has suspended the development of the gigantic Elkon uranium project in Russia’s Yakutia region since 2017, must submit a plan to resume this work, the Russian news agency RBC reports.
Central banks can’t tighten monetary policies as global debt rises to 360% of GDP – Degussa
(Kitco News) – Growing momentum in the U.S. economic recovery continues to raise speculation that the Federal Reserve will tighten its monetary policy sooner than expected. However, one precious metals firm said that the central bank is stuck in a low-…
Read moreGold, silver dinged by heavy profit taking; Friday’s trade now key
(Kitco News) – Gold and silver prices are sharply lower in midday U.S. trading Thursday, on heavy profit-taking pressure and weak long liquidation in the futures markets. Gold prices hit a two-week low today and silver prices a three-week low.
Read moreRussia’s wealth fund to ditch all U.S. dollar assets for gold, euros, and yuan this month
(Kitco News) – Russian National Wealth Fund (NWF) will abandon all U.S. dollar assets and increase the holdings of gold, euros, and Chinese yuan, said Russia’s Finance Minister Anton Siluanov.
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