LBMA: fewer gold, silver ounces transferred in April than March
(Kitco News) – The amount of gold and silver transferred between accounts of London Bullion Market Association members during April was lower than in March, although the tallies were higher than in the same month of 2019, the organization reported Monday.
Read moreGold price drops following slightly weaker ISM manufacturing data
(Kitco News) – Gold prices are struggling to find momentum at the start of the week even as sentiment in the U.S. manufacturing sector remains in deep contraction territory, according to the latest data from Institute for Supply Management (ISM).
Read moreOperations restarted at Lundin Gold’s Fruta del Norte mine
(Kitco News) – Lundin Gold Inc. (TSX: LUG) reported Monday that the restart of operations at its flagship Fruta del Norte mine in Ecuador is under way after a temporary shutdown due to the global COVID-19 pandemic.
Read moreMoney managers trim bullish gold positioning amid rise in equities
(Kitco News) – Strong equities prompted money managers to scale back their net-bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC).
Read moreMonarch Gold sells Fayolle property to Iamgold for $11.5 million
(Kitco News) – Monarch Gold Corp. (TSX: MQR) has agreed to sell the Fayolle property to Iamgold Corp. (TSX: IMG; NYSE: IAG) for $11.5 million, Monarch said Monday.
Read moreAvino Silver & Gold announces reopening of Mexican mine
(Kitco News) – Avino Silver & Gold Mines Ltd. (TSX, NYSE American: ASM) is beginning a phased restart of operations at its Avino Mine near Durango, Mexico, the company announced Monday.
Gold prices weaker as traders assessing new crisis in U.S.
(Kitco News) – Gold prices are modestly lower in early U.S. trading Monday. The safe-haven metal sees some pressure from U.S. stock indexes that are surprisingly not showing much reaction to major civil unrest that has exploded across major U.S. cities.
Read moreBannockburn: gold’s downward correction looks done, recent advance ‘warns of a run at the high’
(Kitco News) – Gold appears to have completed a downward correction and may be ready to run higher, said Bannockburn Global Forex in a technical-chart analysis.
Read moreBBH: jobs report to highlight heavy weekly slate of U.S. economic data
(Kitco News) – Traders have a heavy slate of U.S. economic data to digest this week, culminating in the monthly jobs report on Friday, said Brown Brothers Harriman.
Read moreBitcoin daily chart alert – Bulls in command amid current pause – Jun. 1
(Kitco News) – Bitcoin-U.S. dollar prices are firmer Monday. The bulls are in technical control amid a price uptrend that remains in place on the daily chart and a bullish symmetrical triangle has also formed.
Read more