New gold reports 1Q production, withdraws 2020 guidance
(Kitco News) – New Gold Inc. (TSX, NYSE American: NGD) reported on first-quarter production Wednesday and withdrew its 2020 production guidance due to uncertainty about how operations will be affected in the future by the COVID-19 pandemic, officials s…
Read moreGold price sees further technical selling following 8.7% decline in U.S. retail sales
(Kitco News) -Gold prices are unfazed by U.S. retail sales data that showed an expected significant slowdown in activity as the spreading COVID-19 pandemic ground the U.S economy to a halt.
Read moreSSR Mining produces 107,000 gold-equivalent ounces in 1Q
(Kitco News) – SSR Mining Inc.’s (NASDAQ, TSX: SSRM) three operations combined to produce over 107,000 gold-equivalent ounces during the January-March time frame, although operations at two were suspended late in the period due to the COVID-19 pandemic…
Read moreSSR Mining produces 107,000 gold-equivalent ounces in 1Q
(Kitco News) – SSR Mining Inc.’s (NASDAQ, TSX: SSRM) three operations combined to produce over 107,000 gold-equivalent ounces during the January-March time frame, although operations at two were suspended late in the period due to the COVID-19 pandemic…
Read moreGold, silver prices see normal corrective pullbacks from recent gains
(Kitco News) – Gold and silver futures prices are trading solidly lower in early U.S. trading Wednesday, on normal downside corrections from recent strong gains that saw gold prices hit a 7.5-year high, at $1,788.80
Read moreCommerzbank: further stimulus would boost gold as ‘store of value’
(Kitco News) – Gold would benefit even more if governments and central banks keep piling on stimulus and monetary accommodation, said Commerzbank.
Read moreBBH: dollar ‘fundamentally attractive’ compared to major currencies
(Kitco News) – The fundamental outlook for the U.S. dollar remains favorable compared to other major world currencies, said Brown Brothers Harriman. As of 8:03 a.m. EDT, the spot dollar index was up 0.625 point to 99.512.
Read moreBitcoin daily chart alert – Recent pause is not bearish – Apr. 15
(Kitco News) – Bitcoin-U.S. dollar prices are slightly down in early U.S. trading Wednesday. A price uptrend is still in place on the daily chart and bulls have the near-term technical advantage.
Read more‘We are in totally unprecedented territory’ – Nolan Watson
(Kitco News) – “We’re in totally unprecedented territory. Eventually all that money has to devalue currencies, and when you devalue currencies you increase real assets like gold.”
Read more‘We are in totally unprecedented territory’ – Nolan Watson
(Kitco News) – “We’re in totally unprecedented territory. Eventually all that money has to devalue currencies, and when you devalue currencies you increase real assets like gold.”
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