Why gold is still falling, despite stimulus and weak economic data – Peter Hug
(Kitco News) – Gold’s reaction to bad economic data continues to be weakness; the precious metal is down almost 1% on Friday. Peter Hug, global trading director of Kitco Metals said that is is only a matter of time before the metal reverts course.
Read moreGold price won’t recover quickly after Friday’s selloff, says Wall Street
(Kitco News) – After a drop below $1,825 an ounce on Friday, gold prices are not likely to recover quickly, at least according to the Wall Street part of the Kitco gold survey.
Read moreTrevali restarts Caribou mine with improved economics
(Kitco News) – Trevali Mining (TSX: TV) today announced the planned restart of operations at its Caribou mine near Bathurst, New Brunswick, which has been on a care and maintenance program since March 2020.
Read moreResolute did not meet 2020 guidance due to production disruptions
(Kitco News) – Resolute Mining presented today gold production and preliminary cost results for the full-year 2020 and production and cost guidance for the full-year 2021.
Read moreGold, silver prices drop as U.S. dollar gains
(Kitco News) – On Thursday president-elect Biden proposed a massive aid package near $2 trillion to counter economic harm and fund COVID-19 distribution.
Read moreSilvercorp on track to meet annual production targets in China
(Kitco News) – Today, Silvercorp Metals (TSX/NYSE American: SVM) reported production and sales figures for the third quarter of fiscal 2021 ended December 31, 2020.
Read moreGold price tumbles to new daily lows as U.S. PPI comes in below expectations
(Kitco News) – Gold tumbled to new daily lows after a slate of negative macroeconomic data, including the U.S. Producer Price Index (PPI), which disappointed expectations in December by rising just 0.3%.
Read moreU.S. retail sales disappoint in December, weighing on gold price
(Kitco News) – Gold prices fell to new daily lows following worse-than-expected retail sales data from December.
Read moreHighlights from the Q4 Serabi report
(Kitco News) – Serabi Gold (SRB:LSE) and a UK and Canadian listed Brazilian focused gold mining and development company. The firm has provided its results and a review of its fourth-quarter operational and development activities in the Tapajos region o…
Read moreMetals Exploration has achieved a record amount of gold sales in Q4
(Kitco News) – Metals Exploration (MTL:LSE) announced its quarterly results for Q4 2020, which has seen new records achieved across gold sales, production and certain key operational parameters. Here are some of the highlights from the report.
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