Gold bulls out of the gate strong early this week
(Kitco News) – Gold prices are solidly higher in midday U.S. trading Tuesday, as world stock indexes took a pause from recent rallies.
Read morePalladium prices to remain well above platinum – Commerzbank
(Kitco News) – Platinum and palladium prices should both strengthen, although palladium will remain far more expensive than its sister metal, Commerzbank said Tuesday in an updated forecast for platinum group metals.
Read moreA bullish case for raw commodities
(Kitco News) – The raw commodity sector, including metals markets, took a gut punch early this spring when global economies were shocked and ground to a virtual halt amid the Covid-19 pandemic.
Read moreKinross Gold sells stake in Pinecrest Resources for C$3.9 million
(Kitco News) – Kinross Gold Corp. (TSX: K; NYSE: KGC) sold its 10,925,000 shares in Pinecrest Resources Ltd. on Monday for C$0.36 per share, with gross proceeds expected to be approximately C$3.9 million, the company announced Tuesday.
Read moreArtemis Gold agrees to buy Blackwater project from New Gold
(Kitco News) – Artemis Gold Inc. (TSX: ARTG) has agreed to acquire the Blackwater gold project in central British Columbia from New Gold Inc. (TSX, NYSE American: NGD) in a deal in which total consideration will exceed C$200 million and include a gold …
Read moreLumina Gold: new PEA shows increased mine life of 25 years
(Kitco News) – Lumina Gold Corp. (TSXV: LUM) is upbeat about results from a new preliminary economic assessment for its 100%-owned Cangrejos gold-copper project in Ecuador, reporting an increased amount of metal and a longer mine life of 25 years.
Read moreGold prices up as global stock markets pull back
(Kitco News) – Gold prices are moderately higher in early U.S. trading Tuesday, as world stock indexes were mostly weaker overnight.
Read moreRBC’s Gero: short covering boosts gold prices as stock futures ease
(Kitco News) – Comex August gold has continued its uptick back above $1,700 an ounce, rallying early Tuesday for a second straight day after a Friday sell-off that was prompted by a stronger-than-forecast U.S. jobs report.
Read moreCommerzbank: gold ETFs post outflows while platinum ETFs record inflows
(Kitco News) – Gold-backed exchange-traded products posted outflows in recent days while those for platinum had inflows, said Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares.
Read moreVerdence: U.S. economy has ‘green shoots’ but don’t be ‘complacent’
(Kitco News) – There are “green shoots” for a U.S. economic recovery but don’t be “complacent,” said Verdence Capital Advisers. U.S. nonfarm payrolls rose by 2.5 million in May as the employment sector began to bounce from layoffs associated with the C…
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