Bannockburn: more follow-through gold selling could mean prices test support
(Kitco News) – Equities are on the defensive early Friday and gold has eased as well, with potential for the metal to test chart support if follow-through selling were to occur, said Bannockburn Global Forex.
Read moreBannockburn: more follow-through gold selling could mean prices test support
(Kitco News) – Equities are on the defensive early Friday and gold has eased as well, with potential for the metal to test chart support if follow-through selling were to occur, said Bannockburn Global Forex.
Read moreEldorado production is steady, operates at 75% normal levels
(Kitco News) – Eldorado is maintaining its 2020 annual guidance of 520,000 – 550,000 ounces of gold at an all-in sustaining cost of $850 – 950 per ounce sold.
Read moreAgnico Eagle Mines records Q1 loss
(Kitco News) – The previous gold production guidance for 2021 and 2022 remains unchanged with a mid-point of 2.05 million and 2.10 million ounces, respectively
Read more‘Inflation bomb’ could finally blow up, says J.P. Morgan; what happens next?
(Kitco News) – Years of accumulating government debt, monetary and fiscal stimulus, have built a ticking “inflation bomb” that may finally be triggered by the current recession, this according to David Kelly, chief global strategist at J.P. Morgan.
Junior investors won’t be treated equally when global economy recovers
(Kitco News) – Junior gold explorers, while off last month’s four-year lows, remain in a holding pattern and continue to underperform major producers. However, the tide could shift as higher gold prices make acquisitions more attractive, according to o…
Read moreGold solidly down Thursday, following sell off in U.S. equities
(Kitco News) – Gold prices are posting solid losses in midday U.S. trading Thursday and were near daily lows, following the U.S. stock indexes lower as they also extended daily losses.
Read moreVenezuela now wants to sell its BOE-stored gold to the U.N. for coronavirus relief – reports
(Kitco News) – Unable to repatriate its gold back from the Bank of England (BOE), Venezuela now wants to sell part of it to the United Nations to help with coronavirus relief, according to news reports.
Read morePhysical gold demand falls in 1Q; investment may fuel rally to $1,800/oz – Refinitiv
(Kitco News) – Physical demand for gold – consisting of jewelry, industrial uses, central-bank purchases and retail buying of bars and coins – fell by 26% year-on-year to 753 metric tons in the first quarter, the lowest level since 2009, as high prices led the drop in consumption, said Refinitiv Thursday.
Yamana Gold posts 1Q profit, hikes dividend, trims production guidance
(Kitco News) – Yamana Gold Inc. (TSX: YRI; NYSE: AUY) reported Thursday that it doubled its adjusted profit in the first quarter, upped its dividend and revised down 2020 production guidance due to mandated temporary mine closures resulting from the CO…
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