Looking to $2,000 gold price: Coronavirus is the ‘straw that broke the camel’s back’ — Sprott CEO The coronavirus was the shock that gold was waiting for before moving to higher levels with charts now pointing to an eventual breach of $2,000 an ounce, according to Peter Grosskopf, CEO of Sprott Inc. “What the coronavirus […]
Volatility ramps up in gold as COVID-19 spreads On Friday gold futures closed up in double digits with a net gain of over $20 on the day. This led to the only time we see gold prices gap extremely higher, or lower; the weekend. As gold reopened Monday morning in Australia it did so with […]
Gold price today rises 1% on safe haven demand as Coronavirus spreads At 9.07 am, April gold futures were trading 0.87 per cent higher at Rs 43,037 per 10 grams on MCX. EW DELHI: Gold futures for April delivery rose nearly 1 per cent in Monday’s trade amid concerns over the spread of coronavirus outside […]
Gold and palladium both have a historical week This was truly an historical week for traders of the precious metals. Both gold and palladium made substantial and strong upside moves resulting in a all-time new record high for palladium, and gold reaching a seven-year high. There are distinct differences in the rationale and reasons that […]
Wheaton Precious Metals (NYSE: WPM) exceeded its year end guidance in its production report released tonight. In 2019 gold equivalent ounces came in at 706,900, up from 690,000 forecast for the year. The gold equivalent ounces was made up of gold at 406,604 oz, silver at 22,544 ounces and palladium at 21,993 ounces. The 2020 […]
Gold prices today hit record highs for third day in a row, silver rates jump The investment demand for gold continues to grow Silver rates also moved higher today Gold prices in India rose to a new high today, extending their record-setting run to the third day in a row. On MCX, April gold futures […]
Gold price pushes above $1,600, what's next? For a lot of analysts it was only a matter of time before gold prices breached $1,600 an ounce and with that target achieved, those professionals say that the precious metal has room to run a little further. Gold price have been climbing steadily higher Tuesday as fear […]
Gold has room to push to $1,600 in the short term UBS A correction in equity markets due to shifting economic growth expectations could be the catalyst to push gold out of its narrow range, according to one market strategist. In a recent report, Joni Teves, precious metals strategist at UBS, said that although gold […]
Gold poised for a weekly gain as virus fears lift safe-haven demand * Gold on track for a weekly rise * U.S. consumer spending slows * China reports 121 new deaths and 5,000 new coronavirus cases * Palladium up over 4% for the week so far Gold prices rose to the highest level in more […]
Temporary suspension of trading KVTs on the Kinesis Exchange At Kinesis, we strive to deliver value to our clients, and Kinesis Velocity Token (KVT) holders. The value of KVTs, as outlined in our blueprint, is derived from a fully operational product suite, designed to deliver yields based on transaction fees and velocity. Velocity is key […]