Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Rio2 (TSXV: RIO) announced Tuesday that it has entered into a definitive precious metals purchase agreement (the "Gold Stream") with Wheaton Precious Metals in relation to the company's Fenix gold proj...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Cora Gold, the West African focused gold company, today reported a +200% total ounces increase in the updated Mineral Resource Estimate ('MRE') from maiden 2019 MRE, for the Sanankoro gold project in S...Read More
NEW YORK (Reuters) - A U.S. judge overseeing trade issues on Tuesday overturned a decision by then-President Donald Trump to allow a reimposition of tariffs on some imported solar panels.The decision by Judge Gary Katzmann of the U.S. Court of International Trade is a defeat for some domestic manufacturers.It came one year after he ruled that Trump's October 2020 proclamation to revoke a tariff ex...Read More
* U.S. retail sales up 1.7% in October* It will be a slow grind higher for gold now - analyst* Palladium hits one-month highNov 16 (Reuters) - Gold retreated on Tuesday from a more than five-month peak as upbeat U.S. retail sales data for October strengthened the dollar, making the metal more expensive for holders of other currencies.Spot gold fell 0.6% to $1,851.80 per ounce by 13:41 ET (1841 GMT...Read More
Nov 16 (Reuters) - Federal Reserve officials said on Tuesday they are vigilant of the ways that higher inflation can affect U.S. households and dampen consumer sentiment and want to get it under control.While wages are rising for some workers, consumer sentiment is down to a "level that you might associate with a recession," said Richmond Fed President Thomas Barkin, citing the consumer...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Sarama Resources (TSX-V:SWA) today announced a significant increase in the mineral resources for its 100%-owned Sanutura gold project in south-west Burkina Faso.According to the company's statement, th...Read More
(Kitco News) The investment environment will be changing in 2022, and a combination of gold, bitcoin and bonds could be the winning one, according to Bloomberg Intelligence.The commodities space could be at risk of a reversal following an inflationary spike this year, said Bloomberg Intelligence senior commodity strategist Mike McGlone."Sustained inflation from commodities may be more elusive than...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The growing inflationthreat has shifted sentiment in the gold market, with hedge funds significantlyincreasing their bullish precious metals bets to protect their wealth,according to analysts after revi...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - China Gold International Resources (TSX: CGG) announced today that its total gold production decreased by 14% to 57,288 ounces in Q3 2021 from 66,799 ounces for the same period in 2020.The company adde...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Elemental Royalties (TSX-V: ELE), a gold-focused royalty company, today reported record quarterly revenue of US$1.9 million for Q3 2021 and US$4.3 million for the nine months ended September 30, 2021 g...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Today, Newmont announced that for the 14th year in a row, the company joins the Dow Jones Sustainability?,,? World Index (DJSI World), representing the top 10% of the largest 2,500 companies in the S&P...Read More
(Kitco News) The crypto space saw a significant selloff in the last 24 hours, with Bitcoin dropping nearly 9% and Ethereum, at one point, down 10%.Bitcoin recovered slightly after dropping below $59,000 and was last trading at $60,880.45, down 5.84% on the day.Ethereum dropped below $4,300, finding support around that level and last trading at $4,303.3, down 7.6% on the day.The correction was all...Read More
(Kitco News) Gold prices are moderately lower in midday dealings Tuesday, after hitting a five-month high overnight. Silver pushed to a three-month high and also backed off. Both precious metals saw some routine profit-taking from the shorter-term futures traders, following recent good gains. A rally in the U.S. dollar index to a 15-month high today also worked against the metals market bulls. Dec...Read More
Mr. Kevin Keough reportsEVERGOLD'S GOLDEN LION DRILLING YIELDS THE HIGHEST GRADES YET SEEN ON THE PROPERTY, MULTIPLE HIGH-GRADE INTERCEPTS INCLUDING 2.8 M OF 10.4 G/T GOLD, 651 G/T SILVER, 11% ZINC, 4% LEAD, WITHIN 11.3 M OF 5.4 G/T GOLD, 62 G/T SILVER, 3% ZINC, 1% LEAD Evergold Corp. has released by far the highest grades of gold, silver, zinc and lead ever achieved in drilling at the GL1 Main ta...Read More
By Danilo MasoniMILAN, Nov 16 (Reuters) - Investors are heading towards the end of the year in a "risk-on" mood, having reduced cash allocations and lifted their overweight position on U.S. stocks to the highest since August 2013, BofA Securities' monthly fund manager survey showed.Inflation remains the biggest tail risk for markets but a majority of 61% believes it is transitory and expect the Fe...Read More
WASHINGTON/BEIJING, Nov 16 (Reuters) - U.S. President Joe Biden pressed his Chinese counterpart on human rights in a video call lasting more than three hours, while Xi Jinping warned that China would respond to provocations on Taiwan, according to official accounts of the exchange.The closely scrutinized conversation between the leaders of the world's biggest economies was described by both sides...Read More
WASHINGTON, Nov 16 (Reuters) - The U.S. Federal Reserve should "tack in a more hawkish direction" over its next couple of meetings to prepare in case inflation does not begin to ease, St. Louis Fed president James Bullard said on Tuesday."If inflation happens to go away we are in great shape for that. If inflation doesn't go away as quickly as many are currently anticipating it is...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices aresharply lower in early U.S. trading Tuesday. A price uptrend in place on the daily bar chart is now injeopardy and the bulls need to show fresh power soon to keep it ali...Read More
Monday saw a quiet day in metals; gold, silver and platinum were on both sides of unchanged. We saw light volume with little movement, which is only a sign that gold, silver and platinum are seeing the pause to refresh.There were no surprises on Monday. We expect some retracement. We expect some consolidation as we look for the next leg higher. The trend is higher; much of the economic news points...Read More
Nov 16 (Reuters) - Wall Street indexes were set to open slightly higher on Tuesday as a strong holiday forecast from Walmart and a better-than-expected retail sales data boosted confidence in an economic recovery.With Americans starting their holiday shopping early to avoid empty shelves amid supply chain disruptions, retail sales rose more than expected in October, giving the economy a lift at th...Read More