Standard Chartered: retail demand to lead gold prices higher; 2Q Avg. put at $1,725
(Kitco News) – Standard Chartered looks for the next leg higher in gold prices to be led by physical demand.
Read moreAmplats: lockdown won’t stop repairs at processing facilities
(Kitco News) – Repairs to Anglo American Platinum’s converter plant are continuing despite lockdown measures in South Africa to combat the COVID-19 pandemic, with work on the phase B unit expected to be done around May 25, the company said Friday.
Amplats: lockdown won’t stop repairs at processing facilities
(Kitco News) – Repairs to Anglo American Platinum’s converter plant are continuing despite lockdown measures in South Africa to combat the COVID-19 pandemic, with work on the phase B unit expected to be done around May 25, the company said Friday.
Gold price ignores muted PCE inflation and rise in February personal income data
(Kitco News) -Gold prices remain under pressure but is seeing little reaction to data showing that U.S. consumers were in a relatively healthy space seeing their income grow before the spreading coronavirus significantly damaged economic growth.
Read moreGold prices down on corrective pullback heading into weekend
(Kitco News) – Gold prices are trading sharply lower in early U.S. trading Friday, on a downside correction from this week’s solid gains, and ahead of another uncertain weekend that is keeping buyers in many markets sidelined Friday morning.
McEwen Mining ‘intends to take steps’ to maintain NYSE listing
(Kitco News) – McEwen Mining Inc. (NYSE, TSX: MUX) said Friday that the company intends to come up with steps that will allow its share price to continue trading on the New York Stock Exchange.
Read moreBitcoin daily chart alert – Bulls keeping price uptrend alive – Mar. 27
(Kitco News) – Bitcoin-U.S. dollar prices are near steady in early U.S. trading Friday, on some more chart consolidation after recent gains.
Read moreAnalysts: gold prices headed to biggest weekly gain week since 2008
(Kitco News) – Analysts point out that gold prices are on track for their biggest weekly rise in a dozen years. Around 7:20 a.m. EDT, spot gold was at $1,622.65 an ounce, down $5.15 for the day but well up from $1,496.35 as of last Friday.
Read moreAnalysts: gold prices headed to biggest weekly gain week since 2008
(Kitco News) – Analysts point out that gold prices are on track for their biggest weekly rise in a dozen years. Around 7:20 a.m. EDT, spot gold was at $1,622.65 an ounce, down $5.15 for the day but well up from $1,496.35 as of last Friday.
Read moreNomura revises 2020 outlook for global GDP to minus 4%
(Kitco News) – Nomura Global Economics, which has been downwardly revising its expectations for global economic growth amid the COVID-19 pandemic
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