Gold price hit with new selling pressure following 5.3% rise in U.S. retail sales
(Kitco News) – Gold prices are falling further into negative territory, trading at session lows as U.S. consumers went on a shopping spree in January, despite the ongoing pandemic.
Gold price slumps to 2.5-mo. low amid scant risk aversion
(Kitco News) – Gold futures prices are down and hit a 2.5-month low in early U.S. trading Wednesday.
Read moreBitcoin daily chart alert – Bulls keeping foot on the gas – Feb. 17
(Kitco News) – Bitcoin-U.S. dollar prices are sharply higher in early U.S. trading Wednesday and hit another all-time high well above $50.000.
Read moreGold is under pressure and we are close to an important support
(Kitco News) – The yellow precious metal is moving lower and it looks like there is some volume behind this over the last couple of sessions. Leading into the US session gold is currently 0.65% in the red and the greenback has been performing well acro…
Read moreRio Tinto pay a special dividend and post decent profits
(Kitco News) – Rio Tinto has increased its dividend by 26% after a strong year. The dividend moved to 57 cents per share as it added a special payout of 93 cents to the full-year dividend of 464 cents. Rio’s underlying profit rose by a better-than-expected 20 per cent to $US12.4 billion ($16 billion).
Gold edges lower heading into the European open
(Kitco News) – Gold has moved lower overnight and is about to test the previous wave low at $$179.62/oz. Silver on the other hand is trading just 0.05% lower at $27.17/oz and holding up much better than the yellow metal.
Read moreFirst Quantum achieves record copper production, declares dividend
(Kitco News) – The company said that its total copper production was 778,911 tonnes for the full-year 2020, a 11% increase over 2019.
Read moreNortham Platinum delivers strong operational results, revenue jumps by 52%
(Kitco News) – The group achieved a 15% increase in production from own operations at 352,741 oz 4E for the six months period ended 31 December 2020.
Read moreBarrick sells Lagunas Norte gold mine for $81 million plus closure liability
(Kitco News) – In 2018, Barrick decided not to proceed with the treatment of refractory sulfide ore at Lagunas Norte and put the property on care and maintenance in 2019.
Read more‘Perfect storm’ for gold, silver to rally substantially says Yamana’s Peter Marrone
(Kitco News) – ‘Perfect storm’ for gold, silver to rally substantially says Yamana’s Peter Marrone
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