Gold could see support as focus shifts to U.S. presidential debate, Brexit headlines: MKS PAMP Group
(Kitco News) – While stimulus news continue to drive gold prices in the short-term, attention is shifting towards a presidential debate and Brexit headlines, which could be supportive for the precious metal, according to MKS PAMP Group.
Read moreBest-case vs. worst-case election scenarios: Why gold price wins either way
(Kitco News) – Markets fear uncertainty and there is plenty of it on the table with the U.S. election less than two weeks away. What does it all mean for gold? Analysts say that even in the worst-case scenario, gold will see higher prices by year-end. …
Read moreGold price hits new daily lows as U.S. existing home sales beat expectations in September
(Kitco News) – Gold reached new daily lows after the U.S. existing home sales surprised on the upside in September.
Read moreFreeport Q3 earnings in line with expectation gold sales fall 4% from 2019
(Kitco News) – One of the world’s largest copper producers and significant gold miner saw a robust turnaround in earnings in the third quarter even as its gold sales dropped 4%.
Read moreGold price holding $1,900 as fewer workers apply for unemployment insurance
(Kitco News) – Gold prices are holding on to support around $1,900 but is seeing some renewed selling pressure as fewer American workers than expected applied for unemployment benefits.
Price pullbacks for gold, silver as USDX rebounds
(Kitco News) – Gold and silver futures prices are moderately down in early U.S. trading Thursday, as both metals continue to trade in an inverse fashion with the daily movements of the U.S. dollar index.
Read moreBitcoin daily chart alert – Prices power to 16-month high – Oct. 22
(Kitco News) – Bitcoin-U.S. dollar prices are sharply higher and hit a 16-month high in early U.S. trading Thursday.
Read moreRussian firm Polyus moves forward with the world’s largest gold mine
(Kitco News) – Russias biggest gold miner Polyus is said to be working on an area with estimated reserves of 540 million tonnes of ore, containing 40 million troy ounces of gold, in the Sukhoi Log gold deposit in Siberia. The firm has said its undevelo…
Read moreAnglo American maintains production despite the COVID-19 pandemic
(Kitco News) – Anglo American PLC has announced this morning that they have kept around 95% of their capacity running despite COVID-19 disruptions. There has also been a decent 24% increase in mineral production from the firm. The company also said “Co…
Read morePrecious metals have a rocky start to the EU session
(Kitco News) – Precious metals are starting the session on the back foot after some risk-off action overnight in Asia. Silver is trading 0.64% lower while gold (-0.44%) is also struggling.
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