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IAMGOLD reduces workforce by 70% at Westwood gold mine after a seismic event

(Kitco News) – IAMGOLD (TSX: IMG) (NYSE: IAG) temporarily reducing the underground workforce at its Westwood mine in Canada. The temporary reduction affects approximately 437 workers, or approximately 70% of the underground workforce. Westwood undergro…

Gold bears emboldened; next downside technical price targets

(Kitco News) – Gold futures prices slumped to a four-month low of $1,828.00 as of this writing Monday and also took out key technical support at the recent low of $1,848.00, basis December futures, to produce significant near-term technical damage.

Hedge funds not giving up on gold and silver in the face of growing vaccine news

(Kitco News) – Hedge funds continue to see a role for gold in their portfolios even as continued vaccine news for the COVID-19 pandemic dominates market sentiment, according to the latest trade data from the Commodity Futures Trading Commission.

Gold price down 2% following strong sentiment in service, manufacturing sector

(Kitco News) – Gold prices remain under pressure struggling to attract new bullish momentum as sentiment in the manufacturing and service sector rise to multi-year highs.

Price weakness in gold, silver, as risk appetite up

(Kitco News) – Gold futures prices are moderately down in early U.S. trading Monday. Both metals are seeing some pressure from better risk appetite in the marketplace to start the trading week.

Ariana Resources post increased revenue from Kiziltepe Mine

(Kitco News) – Ariana Resources have provided an update on the Kiziltepe Mine Project in Turkey. The mine produced a gross quarterly revenue figure of US$11.4 million (vs US$9.901 million last quarter) at an average realised gold price of US$1, 915 pe…

Bitcoin daily chart alert – Bulls remains strong – Nov. 23

(Kitco News) – Bitcoin-U.S. dollar prices are steady to firmer early Monday and near last week’s three-year high. Bulls remains in strong technical control as prices are in a solid uptrend on the daily chart.

Manufacturing data picks up in the Eurozone

(Kitco News) – During the EU session there has been manufacturing PMI data from the major nations in the continent. The most important is probably Germany as they are a strong industrial powerhouse in the Eurozone.

Gold and silver head higher into the European open

(Kitco News) – Spot gold (0.26%) and silver (0.53%) start the week on the front foot. During the Asian session, sentiment has been pretty positive. Japan is off for Workers day but the ASX is trading 0.34% higher and the Shanghai Composite is also perf…

Gold/Silver: This party is just getting started