Gold investment demand continues to struggle but market is improving – World Gold Council
(Kitco News) – The gold market is still struggling to attract new investor interest that would push prices out of their trading range. However, the World Gold Council (WGC) said that it does see some improvement in the marketplace.
Read moreGold powers to 10-week high on bullish technicals, weaker greenback
(Kitco News) – The gold market pushed above what was key technical resistance at the $1,800.00 level Thursday morning and hit a 10-week high. Silver prices notched a nine-week high.
Read moreGold prices holding steady as U.S. weekly jobless claims rise by 498K, new pandemic low
(Kitco News) – The gold market is trying to hold on to gains and remain in striking distance of $1,800 an ounce even as the U.S. labor market continues to improve with fewer than 500,000 American workers applying for first-time unemployment benefits.
Upside price action for gold, silver as greenback backs off
(Kitco News) – Gold and silver prices are higher in early morning U.S. trading Thursday, lifted in part by a lower U.S. dollar index and by U.S. Treasury bond yields backing off a bit from this week’s highs.
Read moreBitcoin daily chart alert – Bulls have momentum, show resilience – May 6
(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Thursday.
Read moreThe Bank of England reduce the speed of QE
(Kitco News) – The Bank of England slows the pace of its weekly bond-buying to buy at a weekly pace of £3.4bln. As expected the bank left rates unchanged at 0.10% and its corporate bond QE target at £20bln.
Pure Gold shares jump nearly 10%
(Kitco News) – Pure Gold Mining (PUR:LSE) shares have risen in the London session following a successful share placement in Canada. The firm reported last week that it has raised CAD 10,001,600 through an agreement with brokerage firm Clarus Securities
Read moreGold and silver trade higher leading into the European session
(Kitco News) – Gold and silver are both trading higher this morning after some positive price action in the U.S. and Asian sessions. Gold has moved 0.40% in the black to trade at $1793/oz and silver has jumped 0.91% to trade at $26.71/oz. In the rest o…
Read moreFranco-Nevada boosts net income 274% in Q1 2021, ups dividend
(Kitco News) – Franco-Nevada said that its Q1 2021 revenue of $308.9 million was 28% higher compared to Q1 2020 ($240.5 million) and net income of $171.5 million was 274% higher over Q1 2020.
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