Despite bond rally, real rates are still negative and that is good for gold – WGC’s Perlaky
(Kitco News) – The growing reflation trade has spooked gold investors as economic growth expectations pushed bond yields up nearly 200% from their lows just seven months ago.
Read moreTop 10 largest gold mining companies in 2020 – report
(Kitco News) – Kitco reports that the top 10 largest gold mining companies by output produced 27.76 million ounces of gold during the year ended December 31, 2020, a 4% decline over 2019 (29 Moz).
Read moreWhere is gold headed next week? Vote now!
(Kitco News) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term
Read moreMMG reports its 2020 performance impacted by lower zinc prices and COVID-19 disruptions
(Kitco News) – MMG, a Hong Kong-based international producer of base and precious metals, reported today that the company’s net cash flow from operating activities increased by 19% to US$1,358.2 million in 2020, supporting a reduction in borrowings of US$453.3 million.
Gold, silver socked by rising bond yields
(Kitco News) – Gold and silver futures prices are solidly lower in midday U.S. trading Wednesday. Gold notched a nine-month low early on today but are now trading near the day’s mid-range as some bargain hunters stepped in to buy the big dip.
Read moreRussian mining giant Nornickel says recent accidents ‘will have material consequences’
(Kitco News) – Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, updated today on the progress of its efforts to restore normal operations at a number of production facilities in the…
Read morePolymetal delivers strong financial results, pays $419M in final dividend
(Kitco News) – Polymetal, one of the top producers of gold and silver worldwide, reported today that the company’s revenue increased by 28% in 2020, totalling US$ 2,865 million (2019: US$ 2,241 million). Adjusted EBITDA was US$ 1,686 million, a 57% increase over 2019, driven by higher production volumes, higher commodity prices, and lower cash costs.
Mark Cuban says ‘gold is dead’ as Peter Schiff slams bitcoin as ‘waste of energy’
(Kitco News) – Billionaire Mark Cuban just joined the gold versus bitcoin debate, siding with crypto as he battled it out with bitcoin critic Peter Schiff on Twitter, saying: “Gold is dead Peter. Move on.”
Read moreIs gold’s disappointing drop to $1,700 just noise? City Index asks
(Kitco News) – The selling pressure in gold that has pushed prices to an eight-month low, testing support around $1,700 an ounce, could be noise in the marketplace, according to one market analyst.
Read moreStock markets: is the honeymoon over? Gareth Soloway on how to trade now
(Kitco News) – The “honeymoon” phase of the stock market bull run is coming to a close, and as yields head even higher, stock indices could see a correction on the scale of 10-15%, said Gareth Soloway, chief market strategist of InTheMoneyStocks.com.