Investors should move out of record cash positions and into gold – Brookville Capital
(Kitco News) – The COVID-19 Pandemic has created an unprecedented amount of fear in the marketplace as investors hold on to records amount of cash in their portfolios. However, one market analyst said that these investors should think of moving some of that cash into gold.
China’s muted gold demand: Gold imports from Hong Kong plunge 85% in 2020
(Kitco News) – Feeble demand for precious metals out of Asia was once again confirmed by the latest China’s gold imports data from 2020.
Read moreNew gold producer in Australia pours first metal
(Kitco News) – An initial approximately 3.2 kg gold doré bar has been poured.
KGHM increased copper output in 2020, other metals fell
(Kitco News) – In 2020, KGHM produced 709,200 tonnes of payable copper, which is 1% more than in 2019 (701,600 tonnes).
Read moreGold price closely mirrors 2011; is a crash coming with no recovery? Gary Wagner
(Kitco News) – Gold price closely mirrors 2011; is a crash coming with no recovery? Gary Wagner
Read moreBitcoin daily chart alert – Choppy, volatile trading at mid-week
(Kitco News) – Bitcoin-U.S. dollar prices are solidly lower in early U.S. trading Wednesday.
Read moreResolute Mining buoyed but the results in Mali
(Kitco News) – In the latest update from Resolute Mining (RSG:LSE) the firm said it’s Tabakoroni Underground Mineral Resource has grown to 1.26 million ounces at 4.9g/t gold. This was up from the maiden resource estimate of 850 000 oz of contained gold declared in 2019.
Mincor Resources starts blasting at the Cassini nickel project
(Kitco News) – Mincor Resources (MCR:ASX) kicked off with the new year with its first blasts at the Cassini nickel project and Northern Operations in Western Australia after mining contractor Pit N Portal mobilised at both sites.
Gold price edges down as U.S. durable goods miss expectations
(Kitco News) – Gold ticked down after newly released data showed that orders for long-lasting U.S. factory goods were up 0.2% in December versus the expected advance of 0.9%.
Read moreDownside price action in gold, silver, amid stronger greenback
(Kitco News) – Gold and silver futures prices are lower in early U.S. trading Wednesday, pressured in part by a higher U.S. dollar index on this day.
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