Price weakness in gold, silver, but wobbly U.S. equities limit losses
(Kitco News) – Gold and silver prices are lower in early morning U.S. trading Wednesday, on routine downside corrections after hitting 3.5-month highs on Tuesday.
Read moreBitcoin daily chart alert – Sharp losses and 3.5-month low – May 19
(Kitco News) – Bitcoin-U.S. dollar continues to crumble at mid-week, falling below $40,000 amid reports of China cracking down on crypto currencies’ use for payments and as Elon Musk has made disparaging remarks about cryptos recently. Bitcoin is down …
Read moreCommerzbank are looking for another move higher in the gold price
(Kitco News) – The Commerzbank FICC technical team are looking for a move higher in gold and have also noted the recent trendline break. Karen Jones and Axel Rudolph say “Gold has is eroded the 200-day ma, the 55-week ma and the 2020-2021 trendline. We…
Read moreEU CPI rises modestly and risk appetite remains weak
(Kitco News) – EU CPI year on year (YoY) for April comes in at 1.6% vs expectations of 1.6% higher than the previous reading of 1.3%. In a slight surprise the core reading for the same month (MoM) fell to 0.5% (exp 0.6% previous 1.0%).
Read moreThe U.K. pension industry may be looking to increase its metals holdings
(Kitco News) – A recent study conducted by NTree International has shown that the massive U.K. pension market ($76bn €62.2bn) could be looking to shift some more of its allocation to the metals markets.
Gold and silver are mixed leading into the European open
(Kitco News) – Gold and silver are having a mixed start to the session on Wednesday. The yellow metal is trading marginally higher by 0.14% while silver has dropped 0.09% to reach $28.10/oz. In the rest of the commodities complex, copper has dropped -0…
Read moreBitcoin slides to multi-month lows as China tries to ‘ban’ cryptos – Vincent Chok
(Kitco News) – Bitcoin slides to multi-month lows as China tries to ‘ban’ cryptos – Vincent Chok
Alpha Lithium adds to Argentina salar holding
(Kitco News) – Alpha signed a letter of intent with Argentina Prime Holdings, the owner of the property, to issue 5 million common shares of the Company in exchange for 100% of the issued and outstanding securities of TargetCo.
Read moreCrypto space about to beat gold in this category despite bitcoin’s plunge, says Bernstein
(Kitco News) – Despite the major selloff in bitcoin and other cryptocurrencies this week, the digital assets space is about to beat gold in one particular category, according to one Wall Street firm.
Read moreTop 10 lowest cost gold mines in Africa in 2020 – report
(Kitco News) – B2Gold’s Fekola mine in Mali was the lowest cost gold operation in Africa in 2020. Eight out of the top ten lowest cost mines in the region located in West Africa.
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