Gold price holding near session lows following 0.5% rise in U.S. PPI
(Kitco News) – The gold market is holding near its session lows and testing support just above $1,700 an ounce even as inflation pressures continue to increase.
Gold, silver see price pressure as bond yields, USDX rise
(Kitco News) – Gold and silver prices are solidly lower in early U.S. trading today, pressured by big rise in U.S. government bond yields overnight and by a higher U.S. dollar index to end the week.
Read moreBitcoin daily chart alert – Bulls push prices to record high, more upside likely – Mar. 12
(Kitco News) – Bitcoin-U.S. dollar prices are lower in early U.S. trading Friday, on a routine corrective pullback after hitting a new record high late Thursday. Bulls have the solid overall near-term technical advantage amid a price uptrend in place o…
Read moreBofA’s weekly flow show indicates investor move out of gold into equities
(Kitco News) – Investors moved $31.5 billion into equities while taking $1.8 billion out of gold and $15.4 billion out of bonds according to the BofA flow show. So at least gold was not impacted as much as bonds but in relative terms, it could be chall…
Read moreUK GDP comes in better than expected but still posts a fall in January
(Kitco News) – UK GDP month on month for January showed a reading of -2.9% better than the expected -4.9% drop, the previous reading came in at 1.2%. Nikesh Sawjani, UK Economist at Lloyds Bank said “In fact, even if the level of activity is now flat a…
Read moreGold and silver slip leading into the EU session
(Kitco News) – Overnight in the Asian session gold and silver have turned are now looking bearish. Gold moved 0.69% lower and trades at $1710oz while silver moved 1.56% lower to trade at $25.70/oz.
Read moreNew satellite technology helps Nordgold monitor tailings, track artisanal mining activities in Guinea
(Kitco News) – Depending on the outcomes of this pilot, the company will assess its viability for other Nordgold operations
Read moreIt’s a ‘have your cake and eat it too’ project – Revivial Gold
(Kitco News) – Revival Gold’s CEO said his company has a brownfield site ready to deploy and an exploration program that just keeps going.
Read moreWheaton Precious Metals generates over $1 billion in revenue, boosts dividend
(Kitco News) – The company’s revenue was $1,096 million in the year ended December 31, 2020, representing a 27% increase from 2019.
M&A in gold sector: is the best yet to come? Sean Boyd gives outlook
(Kitco News) – Agnico Eagle has continued to grow their portfolio through acquisitions. The company acquired TMAC Resources in early 2021.
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