Gold, silver prices fade a bit on strong U.S. retail sales
(Kitco News) – Gold and silver prices are trading near steady in early U.S. trading Tuesday, but have backed down from overnight highs in the wake of a much-better-than-expected U.S. retail sales report for May.
Read moreGold prices briefly drop as U.S. retail sales rise 17.7% in May
(Kitco News) – The gold market has lost some ground, falling briefly into negative territory Tuesday after data showed U.S. consumers went shopping en mass last month as the nation starts to easing its months-long lockdown measures.
Read moreUS Bank: ‘Gold prices remain in a bullish longer-term trend’
(Kitco News) – US Bank Wealth Management maintains a bullish outlook on gold for the long term. Prices rose 3% last week, which analysts said was the result of investors seeking shelter from volatility in the stock market.
Read moreGran Colombia: May gold output nearly back to year-ago levels
(Kitco News) – Gran Colombia Gold Corp.’s (TSX: GCM) production in May was nearly as much as the same month a year ago, with a slight year-on-year increase at its Segovia operations as mining returned to normal in the wake of the COVID-19 pandemic, the…
Read moreBitcoin daily chart alert – Bulls stabilizing the market – Jun. 16
(Kitco News) – Bitcoin-U.S. dollar prices are slightly up early Tuesday. While a price uptrend on the daily chart has stalled out just recently, the bulls have now at least stabilized prices.
Read moreBitcoin is here to stay: Crypto’s structure more resilient than currencies, equities, Treasuries, and gold — JPMorgan
(Kitco News) – The COVID-19 market selloff in mid-March was bitcoin’s first real crash test and the cryptocurrency successfully passed it, according to the latest JPMorgan’s report, which says that bitcoin is here to stay.
Read moreRecord equities could be good for the gold market – Heraeus
(Kitco News) – The recent rally in equity markets has put some pressure on gold investors who are wondering if the precious metal can compete with improving investor sentiment. However, one precious metal firm said that high equity valuations could be …
Read moreNickel set to pierce shaky macroeconomic outlook
(Kitco News) – Nickel will continue to outperform the base metals complex over the coming months, said Fitch Solutions in a report released last week.
Read moreAfrican Gold Group to become Avion2 Gold, announces leadership change
(Kitco News) – African Gold Group (CVE:AGG) announced Monday that Danny Callow was appointed as president and CEO. Scott Eldridge will be non-executive chairman of the board.
Read moreOtso Gold Mine delays restart due to COVID-19, stock tumbles
(Kitco News) – Otso Gold Mine, located near the town of Raahe in Finland, is facing a restart as late as a year from now due to various COVID-19 restrictions.
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