Gold, silver see slight price weakness, but risk aversion rising
(Kitco News) – Gold and silver futures prices are slightly lower in early U.S. trading Tuesday.
Read moreBitcoin daily chart alert – Bulls flexing their muscles – Nov. 17
(Kitco News) – Bitcoin-U.S. dollar prices are solidly higher in early U.S. trading Tuesday and hit another 22-month high. Bulls are in strong technical control as prices are in an uptrend on the daily chart.
Read moreZambia could win its bid to buy the Mopani Copper Mine stake from Glencore
(Kitco News) – Glencore has been locked in a bitter dispute with the other owners of the mine its plan to mothball Mopani’s operations.
Commerzbank notes ETF outflows as gold struggles at present
(Kitco News) – In one of the most recent research notes from Commerzbank, the commodities department has highlighted some rotation in investor sentiment away from gold ETF’s.
Read morePetra Diamonds post a 36% fall in revenue
(Kitco News) – Petra Diamonds shares are trading 3% higher in early UK trade despite a poor FY update. The report shows revenue is down 36% to US$295.8 million vs FY 2019 which hit US$463.6 million.
Read moreGold and silver are mixed heading into the EU open
(Kitco News) – Gold is trading marginally higher leading into the EU session and silver is slightly behind after falling half a percent. It was a pretty mixed risk tone in the Asia Pac area as the Nikkei 225 (0.42%) and ASX (0.21%) both pushed higher b…
Read moreK92 increase revenue 70%
(Kitco News) – Quarterly revenue was US$35.6 million, a 70% increase from Q3 2019.
Read moreCaterpillar resource section sales drop 29% in October
(Kitco News) – Overall machine sales were down 17% worldwide. The one bright spot was Asia/Pacific, with sales up 3% mostly due to construction.
Read moreBuffett reduces Barrick Gold holding
(Kitco News) – In August, Buffett made headlines in the precious metals sector when it bought Barrick’s share. The stake was worth $563 million. When the news hit, the stock traded up.
Read moreMiners are taking advantage of higher gold price, more projects kicking off in Q4 – Metso Outotec
(Kitco News) – Mining companies are taking advantage of higher gold prices this year, especially when it comes to silver and gold projects, according to Metso Outotec.
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