(Kitco News) - Gold and silver prices are near steady but have traded on both sides of unchanged in uninspired action Wednesday. The precious metals traders are looking for a dose of new fundamental information to provide a spark to the markets. With much of Europe on holiday and many traders in the U.S. taking family vacations, trading action has been constrained. December gold futures were last...Read More
Standard Chartered looks for gold-price action to remain “subdued” in August but recover next month. “August is a seasonally slow period for demand, and we believe it is likely that gold prices will recover after the September FOMC [Federal Open Market Committee] meeting, when we think the Fed will hike for a third time this year, and seasonal demand starts to materialize,”...Read More
(Kitco News) - Yamana Gold Inc. (TSX: YRI; NYSE: AUY) announced changes in its top leadership Wednesday, with Daniel Racine promoted to president and chief executive officer, while company founder Peter Marrone leaves his job as CEO to assume a newly created role of executive chairman. Racine is currently chief operating officer. Peter Marrone Daniel Racine Marrone will serve as a liaison b...Read More
SEMAFO Inc. (TSX, OMX: SMF) reports an adjusted net loss in the second quarter of $6.3 million, or 2 cents per share, compared to adjusted net loss of $2.9 million, or a penny, for the same period in 2017. Gold production of 45,700 ounces dipped from 47,600 ounces a year ago. The number of tonnes processed decreased by 6% due to the hardness of the ore, SEMAFO says, thus the amount of gold produce...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
(Kitco News) - B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G), which bills itself as the newest senior gold producer after opening its Fekola Mine in Mali last year, late Tuesday reported a big jump in its second-quarter adjusted profit on sharply higher output.B2Gold announced an adjusted net profit of $46 million, or a nickel per share, compared to $13 million, or a penny, in the prior-ye...Read More
In the world of investing, there are bullish and bearish traders and investors. With gold, there are the believers that it is a safety play, hedge against an equity downturn and protection against fiat currency. Gold brings out strong emotions, and you are either a gold bug on a non-believer in what the metal is. In either case, gold has been a dud for months, and that does not appear to be changi...Read More
The latest news and price moves to start the Asian day on Wednesday August 8.Base metals on the London Metal Exchange edged higher at the close of trading on Tuesday August 7, with lead prices climbing by 1.5% amid a bout of positivity across the commodities landscape. Read more here in our live futures report.Here is how prices looked at the close of trading: Comex copper prices recovered Tuesday...Read More
The latest news and price moves to start the Asian day on Wednesday August 8.Base metals on the London Metal Exchange edged higher at the close of trading on Tuesday August 7, with lead prices climbing by 1.5% amid a bout of positivity across the commodities landscape. Read more here in our live futures report.Here is how prices looked at the close of trading: Comex copper prices recovered Tuesday...Read More
The latest news and price moves to start the Asian day on Wednesday August 8.Base metals on the London Metal Exchange edged higher at the close of trading on Tuesday August 7, with lead prices climbing by 1.5% amid a bout of positivity across the commodities landscape. Read more here in our live futures report.Here is how prices looked at the close of trading: Comex copper prices recovered Tuesday...Read More
Aluminium prices on the London Metal Exchange soared by more than 3% at the close of trading on Wednesday August 8, buoyed by strike action at Alcoa's Pinjarra alumina refinery, while tit-for-tat tariffs continue to limit confidence in commodity investment. ...Read More
Alcoa workers have gone on strike in Western Australia due to a breakdown between the company and Australian Workers' Union (AWU) officials representing the workers. ...Read More
A number of Chinese zinc smelters have managed to introduce long-awaited, and significant, increases to domestic treatment charges (TC) in the first week August....Read More
Cobalt Blockchain and Traxys Europe have signed a letter of intent to establish a commercial partnership at Traxys' cobalt hydroxide plant in Lubumbashi in the Democratic Republic of the Congo (DRC)....Read More
Glencore metal traders banked a record $6 billion in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) for the first six months of 2018....Read More
Alcoa workers have gone on strike in Western Australia due to a breakdown between the company and Australian Workers' Union (AWU) officials representing the workers. ...Read More
A number of Chinese zinc smelters have managed to introduce long-awaited, and significant, increases to domestic treatment charges (TC) in the first week August....Read More
Key data from the Wednesday August 8 pricing session in London. ...Read More
The weak Turkishlira continued to keep the country's steelmakers out of the deep-sea scrap market on Wednesday August 8....Read More
The London-based precious metals division of INTL FCStone is to use blockchain technology developed by Paxos for its post-trade needs, the company said. ...Read More