(Kitco News) The crypto space's combined market cap has hit $3 trillion as Ethereum pushed to new all-time highs and Bitcoin approached record levels. On Monday, the overall market cap of cryptocurrencies had reached $3.03 trillion, according to data provided by CoinGecko.The biggest crypto drivers were the top four cryptocurrencies — Bitcoin, Ethereum, Binance Coin, and Solana. Ethereum sur...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) - Gatos Silver (NYSE/TSX: GATO) reported Monday that the company produced 1.7 million ounces of silver, 1.3 thousand ounces of gold, 10.8 million pounds of lead and 13.5 million pounds of zinc in Q3 2021...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) - AngloGold Ashanti, one of the largest gold producers worldwide, today reported that its Q3 2021 production of 613,000oz was down 17% year-on-year, excluding Obuasi, which resumed underground mining act...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) -Gold and silver prices are moderately up in midday U.S. trading Monday, with goldscoring a two-month high and the bulls gaining momentum. It appears the metalstraders have turned their focus from the be...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) - Karora Resources (TSX: KRR) today announced record third quarter 2021 consolidated gold production of 30,365 ounces, an increase of 23% compared to third quarter 2020 (24,717 ounces).The company added...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 gold market has found some new life as investors reactto growing inflation pressures; however, one market analyst said that goldstill needs to break through a critical level for momentum to pick up...Read More
Nov 8 (Reuters) - The U.S. Transportation Department will announce on Monday it is offering an additional $184 million in payroll assistance to 158 more aviation manufacturing businesses.In September, the department offered $482.3 million to 313 aviation manufacturing businesses. The new offers include $17.5 million to BAE Systems Controls (BAES.L) and about $13 million to both Airbus's U.S arm (A...Read More
NEW YORK (Reuters) - Potentially destabilizing disruptions in U.S. Treasuries as the Federal Reserve pares bond buying have rekindled calls for it to change a capital rule which banks say discourages them from supporting the market.Bond market volatility increased in late October, fueling fears it may again seize up as it did in March 2020 and during 2013's "taper tantrum" when traders d...Read More
WASHINGTON (Reuters) -U.S. Federal Reserve officials on Monday turned their focus towards a debate over interest rate policy that is likely to intensify in coming months, with one top official saying the conditions for a rate hike could be met next year with job growth expected to continue and inflation already pushing beyond comfortable levels.Fed Vice Chair Richard Clarida said that while the Fe...Read More
ReutersSYDNEY, Nov 8 (Reuters) - Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears.Bitcoin jumped more than 4% to as high as $66,170, approaching the unprecedented $67,016.50 level reached on Oct. 20, while ether - which underpins the ethereum network - sat at a record top o...Read More
Nov 8 (Reuters) - The Dow hit a record high on Monday as the passage of a $1 trillion infrastructure bill lifted industrials, materials and other economy-focused sectors, while Tesla fell on top boss Elon Musk's plan to sell about a tenth of his stake.Six of the 11 major S&P 500 sector indexes were higher in early trading after the Congress on Saturday passed the long-delayed infrastructure bi...Read More
Mr. Alastair Still reports GOLDMINING REPLACES EXISTING NET PRODUCTION ROYALTY ON THE CACHOEIRA PROJECT WITH NET SMELTER ROYALTY WITH BUY-BACK OPTION BRI Mineracao Ltda., a wholly owned subsidiary of Goldmining Inc., has completed a transaction to replace the remaining 1.33-per-cent net production royalty on the company's Cachoeira project in Brazil, with a 0.5-per-cent net smelter return royalty,...Read More
Mr. Guy Goulet reportsCERRO DE PASCO RESOURCES TO ACQUIRE TREVALI'S SANTANDER MINECerro de Pasco Resources Inc. has entered into a share purchase agreement with Trevali Mining Corp., pursuant to which it will acquire Trevali's Santander mine, located approximately 215 kilometres northeast of Lima, Peru, and comprising an underground mine, a 2,000-tonne-per-day processing mill, a conventional sulph...Read More
Mr. John Williamson reportsBENCHMARK DRILLS 3.05 METRES OF 57.65 G/T GOLD EQUIVALENT WITHIN 68.58 METRES OF 3.22 G/T GOLD EQUIVALENT AT CLIFF CREEKBenchmark Metals Inc. has released new results from infill drilling at the Cliff Creek Mid zone, including 3.05 metres core length of 56.65 grams per tonne gold and 79.75 g/t silver or 57.65 g/t gold equivalent* within 68.58 m core length of 3.07 g/t go...Read More
BOSTON/GLASGOW, Nov 8 (Reuters) - A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change.The business observers pointed to several steps by world leaders they said could boost sustainable business and investing efforts t...Read More
Gold, silver and platinum appear to be on the launching pad, ready to blast off to the upside. All three are pushing through their resistance levels, making a run to the upside a high probability. The pattern should start has become increasingly bullish. We must remember that nothing in trading is 100%, but all signs point higher. The next major levels to watch are gold $1,835 December future...Read More
NEW YORK, NY, Nov 8 (Reuters) - Retailers are launching holiday marketing campaigns to lure in-store shoppers as supply chain issues boost costs for consumers.Big brands including Etsy, Ralph Lauren and mall operator Tanger are spending more on marketing and using other tactics to spur holiday sales as they bet on shoppers venturing out after last year's COVID lockdowns.Even so, soaring costs to s...Read More
Nov 8 (Reuters) - Cyber security firm McAfee Corp said on Monday it will be bought by a consortium led by U.S. private equity firm Advent International for over $14 billion. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals...Read More
WASHINGTON, Nov 8 (Reuters) - The U.S. Federal Reserve's hoped-for surge of people into the U.S. job market fell short again in October, with the labor force participation rate now flat for 15 months and continued broad wage gains reflecting what's become perhaps the key supply "bottleneck" for the central bank.Average hourly earnings rose 4.9% on an annual basis in October, the most sin...Read More
Nov 8 (Reuters) - More than a year and a half after the COVID-19 pandemic ruptured the U.S. job market in historic fashion, huge gaps in employment and the labor force remain despite unprecedented demand for workers and a record number of vacant jobs.Policymakers are struggling to understand just what is keeping so many people from returning to work - or even looking for a job. Friday's monthly pa...Read More