Gold silver prices gain as coronavirus outbreak escalates

Gold, silver prices gain as coronavirus outbreak escalates Gold and silver prices are moderately higher in midday U.S. futures trading Thursday. Some risk aversion is back in the marketplace late this week, as the coronavirus outbreak has escalated in China. February gold futures were last up $7.00 an ounce at 1,578.60. March Comex silver prices […]

There is no fear in the markets but there should be here’s why

There is no fear in the markets, but there should be, here’s why -The market is already veering towards a recession, but stock markets are not responding accordingly, this according to Todd “Bubba” Horwitz of BubbaTrading.com. “I think, we’re in the early stages of a recession,” Horwitz told Kitco News. “cheap money continues to fuel […]

Gold slips as stronger dollar risk-on sentiment weighs

Gold slips as stronger dollar, risk-on sentiment weighs * Dollar index at four-month peak * Global share markets hit record highs  Gold prices dipped on Tuesday as the dollar held firm and investors opted for riskier assets after a fall in the number of new confirmed cases of coronavirus in China eased some of fears […]

LME metals rebound after Friday’s correction but prices weaker in Shanghai

LME metals rebound after Friday’s correction, but prices weaker in Shanghai The broader markets were mixed on the morning of Monday February 10, with equities in Asia generally weaker, as were metals on the Shanghai Futures Exchange, while the London Metal Exchange was firmer across the board. There is still much uncertainty around the impact […]

Gold steadies as coronavirus fears counters China economic data

Gold steadies as coronavirus fears counters China economic data * Coronavirus death toll crosses 900 * Dollar touches 4-month peak By Asha Sistla Feb 10 (Reuters) – Gold prices held steady on Monday, as rising concerns over the severity of the coronavirus outbreak and its impact on the global markets offset slight pressure from positive […]

Gold mine gangs tote AK-47s to outgun South African Police

Gold mine gangs tote AK-47s to outgun South African Police Barberton Mines are now using state of the art equipment to trace illegal miners. Gold mines offer soft targets for syndicates that previously specialized in cash-in-transit heists. Picture: Simphiwe Mbokazi JOHANNESBURG – At 10 p.m. on the second Sunday in December, a criminal platoon armed […]

Gold falls 1 as China works to stem economic impact of virus

Gold falls 1% as China works to stem economic impact of virus * Gold to stay in $1,550-$1,600/oz range for now – analyst * Palladium jumps more than 4% * U.S. factory orders rise above expectations By Diptendu Lahiri Feb 4 (Reuters) – Gold slid more than 1% on Tuesday as China’s steps to mitigate […]