Positive COVID-19 test forces closure at ALROSA
(Kitco News) – ALROSA said Thursday it suspended its Inter underground mine as several employees were tested positive for the coronavirus infection. Operations are expected to be idled for 1-2 weeks.
Read morePureGold Red Lake Mine ‘months away from first pour’
(Kitco News) – Pure Gold Mining (TSX-V: PGM) said Wednesday that its mine is ready to start production at its Red Lake located in Ontario in Q4 2020.
Read moreThai gold exports surge more than 700% in May as people rush to sell gold at higher prices
(Kitco News) – Thailand saw its gold shipments jump 735% on an annual basis in May while overall exports tumbled 22.5% due to the coronavirus outbreak, according to the commerce ministry’s data.
Read moreGold sees normal corrective action after 7.5-year high Wed.
(Kitco News) – Gold prices are modestly lower in midday U.S. trading Thursday, on a routine corrective pullback after pushing to a 7.5-year high of $1,796.10 Wednesday.
Read moreBMO trims full-year price PGM price forecasts, maintains gold, silver outlooks
(Kitco News) – BMO Capital Markets lowered its forecasts for average prices of platinum group metals during 2020, although the bank looks for a rebound from current prices into year-end.
Read moreQ1 U.S. GDP falls 5%, in line with expectations
(Kitco News) – The gold market remains under pressure even after data showed the U.S. economy contracting in the first quarter, in line with expectations.
Read moreNearly 1.5 million Americas apply for weekly jobless claims again
(Kitco News) – Another 1.48 million Americans filed for first-time jobless claims in the week to Saturday, the Labor Department said Thursday, as the economy continues to feel the effects of COVID-19 pandemic.
Read moreGold remains softer after May U.S. durable-goods orders rise 15.8%
(Kitco News) – Gold remained on the defensive after a Commerce Department report Thursday showed that U.S. durable-goods orders rose by 15.8% to $194.4 billion in May. Spot gold was last down $5 to $1,756.30 an ounce.
Read moreGold prices see normal corrective pullback Thursday
(Kitco News) – Gold prices are modestly lower in early U.S. trading Thursday, on a routine corrective pullback after pushing to a 7.5-year high of $1,796.10 Wednesday.
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