Bitcoin daily chart alert – Bulls stabilize market at mid-week – May 27
(Kitco News) – Bitcoin-U.S. dollar prices are higher early Wednesday. The bulls have stabilized the market following some recent selling pressure.
Read moreFortuna Silver re-starts Mexican mine
(Kitco News) – “On March 31, 2020, the Government of Mexico announced extraordinary measures in response to the spread of COVID-19, which included the suspension of all non-essential activities, including mining, until April 30, 2020. This period of i…
Read moreTitan plans Peruvian divestment after Core Gold acquisition
(Kitco News) – Titan said it retained Bacchus Capital Advisers to help it divest some of its Peruvian and non-core assets.
Read moreSierra Metals pushes for mining restarts
(Kitco News) – In Mexico mining was deemed an essential service. The company is currently recalling employees from the Bolivar Mine to begin a COVID-19 screening process, including a quarantine period, allowing the company to be ready to commence minin…
Read moreFocus Graphite unloads rare earth project
(Kitco News) – Gary Economo, Chief Executive Officer of Focus Graphite commented, “We are very pleased today to announce the completion of the asset purchase agreement with Investissement Québec to sell Focus Graphite’s 50% interest in the Kwyjibo Project.
Gold pulls back as trader/investor confidence increasing
(Kitco News) – Gold prices are trading solidly lower in midday U.S. trading Tuesday. Some profit taking from the shorter-term futures traders is featured again today.
Read moreCPM Group’s Savant: silver prices can benefit from both sides of COVID-19 debate
(Kitco News) – Silver could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic at the same time the metal also draws investment demand from those worried about a second wave of the virus, said Ro…
Read moreGold remains softer U.S. sales of new U.S. homes rise 0.6% in April
(Kitco News) – Gold prices remained on the defensive Tuesday after government data showed that sales of new U.S. single-family homes rose by 0.6% in April to a seasonally adjusted and annualized pace of 623,000. Spot gold was last down $11.20 to $1,7…
Read moreDrop in U.S. consumer confidence fails to push gold prices higher
(Kitco News) – The gold market continues to struggle to attract some buying interest as it holds critical support above $1,700 following weaker-than-expected consumer optimism.
Read moreCiti sees gold price grinding to $2,000 by 2021
(Kitco News) – Bullish sentiment for gold continues to build, with another U.S. bank jumping on the all-time-highs bandwagon, even as the price struggles to find momentum in the short term.
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