Credit Suiise hikes gold-price forecasts, sees $1,701 average for 2020
(Kitco News) – Credit Suiise hiked its gold-price forecasts Friday, saying that supportive influences include lower and negative yields, weakness in the U.S. dollar and eventual inflationary pressures.
Read moreBitcoin daily chart alert – Late-week pause is not bearish – Jun. 5
(Kitco News) – Bitcoin-U.S. dollar prices are slightly lower Friday morning, as the market pauses after hitting a 3.5-month high earlier this week.
Read moreVizsla recommences drilling in Mexico
(Kitco News) – Vizsla Resources (TSXV: VZLA) re-commenced drilling at its Panuco silver-gold project in Sinaloa, Mexico. The company previously announced the return of its staff to the project on May 21, 2020.
Read moreO3 Mining increases drill program by 100,000 metres
(Kitco News) – O3 Mining (TSX.V:OIII) is expanding its drill program in Val D’Or, Quebec, by 200%, which include the Malartic, Alpha and East Cadillac properties.
Latin America exploration company drops name ‘Columbus Gold’
(Kitco News) – The South American exploration company focused on the Guinea Shield announced the name change Thursday. It will trade under the symbol OREA:TSX.
Read moreGold Fields report fatality
(Kitco News) – A Gold Fields employee died after falling down a reef ore-pass at the company’s South Deep Mine.
Read moreTrend reversal in silver is coming: TD Securities bets long on silver
(Kitco News) – A trend reversal is looking likely for silver, according to TD Securities, which issued a long call on silver, projecting a $19-an-ounce price level by March 2021.
Read moreGold rebounds as bulls step in to buy the dip
(Kitco News) – Gold prices are solidly higher in midday U.S. trading Thursday, after trading both sides of unchanged on the day. Wednesday’s sharp sell off has been met with bargain-hunting buying interest by the bulls.
US Bank’s Haworth: rising Fed balance sheet should support gold prices
(Kitco News) – US Bank Wealth Management has a “constructive” view on gold prices and sees a role for the yellow metal in a portfolio as a diversifier, said Rob Haworth, senior investment strategy director.
Read moreStandard Chartered: equities ‘stunted’ gold’s advance but ‘price risk remains skewed to the upside’
(Kitco News) – Gold this week dipped to around $1,700 an ounce, and rising equity markets “have stunted gold’s upward momentum,” said Standard Chartered. However, the metal was up $12.60 to $1,713.40 an ounce as of 11:40 a.m. EDT after dipping below $…
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