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Silver price beaten down but investors can‘t find any, so what’s going on? Peter Hug Responds Silver’s future is bleak as a recession could wipe out any industrial demand left for the metal, this according to Peter Hug, global trading director of Kitco Metals. Monetary policy was not enough to calm investors, Hug noted, as […]
Silver prices plummet as mints can’t keep up with demand 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! Precious metals have plunged in the markets, but there is still demand for physical coins […]
Gold rate today jump as traders flee from equities Gold futures were up 2 per cent to Rs 41,154 per 10 grams. Silver futures were up 0.90 per cent to Rs 40,850 per kg. Reuters NEW DELHI: Gold and silver leaped on Monday as investors moved to safe haven assets in a risk-off environment due […]
Gold futures log largest weekly loss in more than 8 years Gold futures ended sharply lower for a fourth straight session on Friday, with a loss of more than 9% for the week—the largest since September 2011. Volatility-shocked investors looked for news on fiscal stimulus packages from governments around the world to help ease the […]
'Confused' Wall Street split on near-term gold-price direction Some might argue that gold prices have been unpredictable lately, thus maybe it seems fitting that Wall Street analysts are split on price direction for next week, based on the weekly Kitco Gold price survey. Main Street, however, remains bullish. Since coronavirus became a household word in […]
Bloodbath = golden opportunity I have a simple but critical point to make today. The best time to buy gold stocks in my entire career so far was after the crash of 2008. This historic opportunity is repeating itself. Consider today’s mid-day decline in gold prices. We've seen this before… Gold gapped down on October […]
NBA suspends season after Jazz player tests positive for coronavirus The National Basketball Association (NBA) said on Wednesday it was suspending the season until further notice after a Utah Jazz player tested positive for the coronavirus. The test result was reported shortly before the Jazz were due to play the Oklahoma City Thunder at Chesapeake […]
Gold logs first loss in 4 sessions as the U.S. stock market rebounds from worst day since 2008 Gold futures settled lower on Tuesday for the first time in four sessions as U.S. stocks looked to rebound from their steepest one-day loss since 2008 and as government bond yields jumped off historic lows seen after […]
M&A is inevitable: Orefinder's Steve Stewart While the uptick in gold has benefited most of the producers, juniors still haven't seen their share of the gains, but Stephen Stewart, CEO and director of Orefinders, believes deal-making is inevitable. "The producers started seeing the cash flow to their bottom lines in Q3, and they've been performing […]
Beginning All-Out Price War Saudi Arabia plans to boost oil output next month to well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia. The world’s largest oil exporter engaged in an all-out price war on Saturday by slashing pricing for its crude […]