SP Angel: gold has strong week after investors saw metal as ‘undervalued’
(Kitco News) – Gold is maintaining its week-long strength early Friday, recovering after market participants saw the metal as “undervalued,” said commodity brokerage SP Angel.
Read moreGreat Bear jumps on drill results
(Kitco News) – Great Bear traded up 3.69% to $12.65 a share.
Read moreTop miners to take a ‘modest hit’ from COVID-19: PwC
(Kitco News) – “We analysed how the Top 40 are performing on ESG disclosure and found that a few companies are doing
most of the heavy lifting, while the rest lag behind. But ‘brand mining’ is a collective brand, and every miner needs to play its part.”
Harmony Gold to raise $200 million
(Kitco News) – “We successfully increased the value of our asset portfolio over the past 4 years by acquiring 100% of Hidden Valley (approximately 190 000 ounces of gold) in Papua New Guinea and then adding a further 250 000 quality ounces of gold through the acquisition of Moab Khotsong in South Africa.”
‘Perfect storm’ for gold bulls: Bond market and bearish outlook for U.S. dollar — Pepperstone
(Kitco News) – The bond yields along with a weaker U.S. dollar outlook might be what gold needs to finally break out of the $1,650-$1,750 range, according to Pepperstone head of research Chris Weston.
Read moreGold gains on safe-haven demand as U.S. stock market slumps
(Kitco News) – Gold prices are solidly higher in midday trading Thursday, but down from the sharp gains seen in morning trading.
Read moreGold prices surge on rotation into ‘safety of gold, silver and bonds’
(Kitco News) – Gold futures rose sharply Thursday as equities sank with markets focused on longer-term worries about the economy after a two-day meeting of the Federal Open Market Committee officials that ended Wednesday.
Read moreGold to shed $150 by year-end as fear of runaway prices is premature: Capital Economics
(Kitco News) – Gold prices are likely to end the year at $1,600 an ounce, which is $150 below the current level of $1,750 an ounce, according to Capital Economics.
Read moreFirst Majestic acquires silver stream on First Mining’s Springpole project
(Kitco News) – First Majestic Silver Corp. (NYSE: AG; TSX: FR) has agreed to acquire a stream on 50% of the payable silver produced from the Springpole gold project in Ontario, the companies announced Thursday.
Read moreAnother 1.54 million Americans file initial jobless claims; gold remains lower
(Kitco News) – Americans filed a seasonally adjusted 1.54 million first-time jobless claims in the week to Saturday, the Labor Department said Thursday. After the data, spot gold did not move much and remained on the defensive, down $17.40 to $1,721.90…
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