Fed’s Rosengren says conditions for tapering could be reached later this year
(Kitco News) –
Read moreWill inflation become ‘problematic’? What soaring lumber means for prices, gold – Jim Wyckoff
(Kitco News) – Lumber prices rose on the back of strong household demand during the past year, and this can create secondary effects on inflation overall, said Jim Wyckoff, senior analyst at Kitco News.
Read moreCould the Fed’s overreaction pull U.S. into recession?
(Kitco News) – As inflation risk looms, one portfolio analyst is carefully watching the Federal Reserve’s response, warning that an overreaction could pull the U.S. into a recession.
Read moreSouth Africa’s DRDGOLD reports production decline in March quarter
(Kitco News) – South African gold producer DRDGOLD (JSE, NYSE: DRD) reported Wednesday that its gold production in March quarter 2021 decreased by 6% from the previous quarter to 1,382kg primarily due to a 9% decrease in yield despite a 3% increase in …
Read moreNew Gold reports production slide in Q1 2021, on track to meet annual guidance
(Kitco News) – New Gold (TSX and NYSE American: NGD) today reported that its total production in Q1 2021 was 96,026 gold equivalent ounces (66,650 ounces of gold, 187,224 ounces of silver and 13.8 million pounds of copper), a 7% decline compared to Q1 …
Read moreGold gains ground amid friendly charts, higher crude oil
(Kitco News) – Gold prices are moderately higher in midday U.S. trading Wednesday, supported by a mildly bullish near-term technical posture and by rallying crude oil prices that hit a two-month high today.
Read moreBuying gold ‘feels very funny’ – Sam Zell
(Kitco News) – Legendary investor Sam Zell said he was pushed into buying gold despite years of talking down the metal.
Read moreGold prices holding on to gains following softer-than-expected ISM service-sector data
(Kitco News) – The gold market is holding on to modest gains as the U.S. service sector sees softer-than-expected momentum, according to the latest data from the Institute for Supply Management (ISM).
Gold sees price gains as U.S. Treasury news quickly shaken off
(Kitco News) – Gold prices are moderately higher in morning U.S. trading Wednesday, after seeing a bit of brief selling pressure following news the U.S. Treasury said it may take extraordinary measures to fund the government if the federal borrowing li…
Read moreGold price steady-firm as bond yields rise on U.S. Treasury news
(Kitco News) – Gold prices are near steady to a bit firmer after seeing a bit of selling pressure in early U.S. trading Wednesday, following news the U.S. Treasury said it may take extraordinary measures to fund the government if the federal borrowing …
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