Gold prices see small jump following dire U.S. retail sales numbers
(Kitco News) – The gold market found a little short-term momentum Tuesday after data showed a sharp drop in consumer activity last month.
Read moreVale suspending Voisey’s Bay mining as ‘precaution’ due to COVID-10 virus
(Kitco News) – Mining giant Vale said this week that the company is placing its Voisey’s Bay nickel mine in Labrador on “care and maintenance” for the next four weeks due to the global COVID-19 virus outbreak.
Gold, silver prices down as U.S. stock market remains very wobbly
(Kitco News) – Gold and silver prices are trading down in early U.S. trading Tuesday, but not in the panic-type fashion seen on Monday.
Read moreBarrick: Plan extends life of ‘revitalized’ Veladero gold mine
(Kitco News) – Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) says the expected life of the “revitalized” Veladero gold mine has been extended to at least 10 years after a review of the strategic and business plan.
McEwen Mining lists 2019 loss but spending on projects, exploration
(Kitco News) – McEwen Mining Inc. (NYSE, TSX: MUX) reported late Monday that the company posted a net loss during 2020 but also said much of this was the result of spending on advanced projects and exploration.
Read moreFXTM: gold left in ‘firing line’ despite ‘market chaos’
(Kitco News) – Gold prices remain in the “firing line” after recent selling by traders looking to raise cash during across-the-board “market chaos,” said Lukman Otunuga
Read moreBMO: gold-silver ratio hits record high as prices sink
(Kitco News) – The gold-silver ratio has hit a record high of around 120 on recent heavy selling in precious metals that were probably “overdone” but occurred amid a rush for cash, said BMO Capital Markets.
Read moreBitcoin daily chart alert – Bulls work to stabilize market – Mar. 17
(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Tuesday. Bulls are working to stabilize prices in an environment where “sell what you can” is prevalent among traders and investors.
Silver prices plummet as mints can’t keep up with demand
(Kitco News) – Precious metals have plunged in the markets, but there is still demand for physical coins in the midst of the coronavirus outbreak, this according to Phil Streible, chief market strategist of Blue Line Futures.
Read moreThere is still room for silver and palladium prices to go lower
(Kitco News) – Growing panic in financial markets continues to drag precious metals prices down across the board, but growing recession fears are particularly weighing on silver and palladium prices, according to analysts.
Read more