EU data and the Baltic Dry Index point to higher commodites prices
(Kitco News) – European data this morning in regards to the construction and producer prices have been higher than expectations this morning. Eurozone Construction Output for the months of March (M/M) hit 2.7% vs the previous figure of -2.1%.
Read moreGold and silver are trading higher leading into the European open
(Kitco News) – Both gold and silver are trading higher leading into the European open. The yellow metal is 0.19% up trading at $1873.90/oz while silver has pushed 0.25% higher to trade at $27.78/oz. In the rest of the commodities complex, copper is 0.8…
Read moreBHP delivers first ore from Australia’s largest new iron ore mine
(Kitco News) – BHP said that South Flank is Australia’s largest new iron ore mine in over 50 years and is on time and on budget.
Pensana starts sitework at the world’s first sustainable REE separation plant in the UK
(Kitco News) – Pensana is aiming to produce c. 12,500 tonnes of rare earth oxides annually, including c. 4,500 tonnes of magnet metal rare earth oxides, representing approximately 5% of 2025 projected world demand.
Read moreReversal of money flows: Big institutional players exit crypto and turn to gold, says JPMorgan
(Kitco News) – As the crypto space attempts to recover from a massive selloff, JPMorgan reports that big institutional players are leaving bitcoin for gold.
Read moreMining giant BHP sees further growth in innovation, exploration and acquisitions
(Kitco News) – Answering questions at the fireside chat of the Bank of America Metals, Mining and Steel Conference held yesterday, BHP CEO Mike Henry said that the company will focus its further growth on the commodities of the future, citing copper an…
Read moreBitcoin price plummets to $30k, Gareth Soloway’s last target; How to trade after collapse?
(Kitco News) – The Bitcoin price tumbled to $30,000 Wednesday as risk assets sell off across the board.
Read moreFiore boosts net income on higher gold prices and lower costs
(Kitco News) – Fiore Gold (TSXV: F) announced today that the company produced 10,915 ounces of gold at its Pan mine in Nevada during the quarter ended March 31, 2021 (the company’s Q2 2021 fiscal quarter), a 19% increase compared to Q1 2021 as heap lea…
Read moreGold prices holding some gains as the Fed starts talking about talking about tapering bond purchases
(Kitco News) – The gold market remains in positive territory but is seeing some selling pressure as the Federal Reserve signals that a discussion on reducing its bond-purchasing program could be soon on the table.
Read moreGold surges to 4.5-month high on safe-haven demand
(Kitco News) – Gold prices are higher in midday U.S. trading Wednesday and pushed to a 4.5-month high. Safe-haven demand was featured in the yellow metal today as the U.S. stock market sold off and risk appetite in the marketplace waned.
Read more