Are higher taxes coming? Janet Yellen talks ‘revenue raises’ and ‘full employment’ by next year
(Kitco News) – Janet Yellen, Secretary of the Treasury, said in her testimony with Congress yesterday that tax policies may need to be revised in order to pay for stimulus programs and provide ongoing relief to Americans.
Read moreThe gold market ignores stable sentiment in U.S. manufacturing and service sectors
(Kitco News) – The gold market is finding little direction from a relatively stable picture of U.S. economic activity with preliminary data showing slightly weaker-than-expected sentiment in the manufacturing sector and a steady outlook for the service sector.
Freeport-McMoRan increases cash dividend
(Kitco News) – Mining companies continue to give back to shareholders with one of the world’s largest publicly traded copper producers announcing an increase in its dividend.
Gold price holding gains above $1,700 but ignores 1.1% drop in U.S. durable goods orders
(Kitco News) – The gold market is holding on to modest gains but is not seeing any new momentum following weaker than expected U.S. manufacturing data.
Slight price gains for gold, silver as eyes on crude oil
(Kitco News) – Gold and silver prices are modestly up in early U.S. trading Wednesday. Still, buying interest in the precious metals will likely remain constrained at mid-week amid a stronger U.S. dollar and a breakdown in the crude oil market.
Read moreBitcoin daily chart alert – Prices higher at mid-week – Mar. 24
(Kitco News) – Bitcoin-U.S. dollar prices are solidly higher at mid-week and bulls are keeping alive a solid price uptrend in place on the daily bar chart. Bulls have the solid overall near-term technical advantage.
Read moreManufacturing PMI’s have been encouraging in the EU session
(Kitco News) – This morning we have had the latest preliminary manufacturing numbers from some of the major nations. First up Germany posted some encouraging numbers with the manufacturing purchasing managers index (PMI) for March hitting 66.6 vs the a…
Read moreThe ICSG say copper production is stable and Chinese demand remains firm
(Kitco News) – The latest International Copper Study Group (ICSG) report has shown that despite a decline in Australia (-3.5%) global copper production remained stable. This is impressive as the world’s mining firms have had to deal with mine closures …
Read moreGold and silver trade flat leading into the EU open
(Kitco News) – Gold and silver are trading flat this morning leading into the EU open. Gold is trading at $1727/oz while silver has moved near the psychological $25/oz area.
Read moreBurgundy Diamond grows its colored-diamond pipeline with acquisition
(Kitco News) – Burgundy Diamond Mines (ASX:BDM) said today it acquired ownership of the Ellendale and Blina projects in the West Kimberley region of Western Australia for A$6.7 million in cash, as well as shares.
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