China are looking elsewhere for base metals
(Kitco News) – China’s NDRC has gone on the offensive once again and attacked the Australian iron ore industry once again. Overnight the statement said that the importers should look at more sources and domestic production of the base metal.
Gold futures technical analysis shows an important price break
(Kitco News) – Technical analyst Rajan Dhall MSTA takes a look at some of the technical factors facing gold. There has been some important price breaks and Raj outlines some key levels to watch.
Read moreThe EUR kicks on despite some uninspiring data
(Kitco News) – EU GDP for Q1 came in line with expectations at -0.6% and the latest employment figure year-on-year fell slightly to -2.1% vs previous -1.9%.
Read moreGold and silver are trading higher leading into the European open
(Kitco News) – After a decent session on Monday gold and silver are trading higher following the Asian session. The gold price has pushed 0.13% to trade at $1868.22/oz while silver is just over 1% in the black at $28.47/oz.
Read moreWill markets rally or crash? Peter Grandich & David Barse debate stocks, gold, Bitcoin
(Kitco News) – Will markets rally or crash? Peter Grandich & David Barse debate stocks, gold, Bitcoin
Australia’s Newcrest pledges to become carbon free by 2050
(Kitco News) – This goal relates to its operational (Scope 1 and Scope 2) emissions, though Newcrest said it will also continue to work across its value chain to reduce Scope 3 emissions.
Read moreHere comes $1,900 gold price? All eyes on U.S. data
(Kitco News) – Gold is getting a boost from a more downbeat U.S. economic data outlook, according to TD Securities, which sees the coveted $1,900 an ounce level as within the precious metal’s grasp.
Read moreCanada’s primary metal industry contributed to manufacturing sales growth in March
(Kitco News) – Statistics Canada reported last Friday that the domestic manufacturing sales rose 3.5% to $57.8 billion in March—the highest level since June 2019—on higher sales in 17 of 21 industries, led by the motor vehicle, petroleum and coal and food product industries.
The battle to eliminate gold & silver sales taxes is on, which side is winning? Jp Cortez
(Kitco News) – The Sound Money Defense League is a public policy project aimed at bringing awareness to gold and silver as “sound money” and enacting legislative change across the country to reduce sales taxes on the precious metals.
Read morePlatinum demand grows 26% in Q1, expect more supply deficits
(Kitco News) – A growing supply deficit appears to be business as usual for platinum, and according to the World Platinum Investment Council (WPIC), the market is starting to see growing investment demand in anticipation of higher prices due to the ong…
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