Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

WASHINGTON, Nov 1 (Reuters) - U.S. manufacturing activity slowed in October, with all industries reporting record-long lead times for raw materials, indicating that stretched supply chains continued to constrain economic activity early in the fourth quarter.The Institute for Supply Management (ISM) survey on Monday also hinted at some moderation in demand amid surging prices, with a measure of new...Read More

Analysts have trimmed their gold price forecasts for the rest of this year and next, expecting the precious metal to hover around current levels in the fourth quarter before edging lower in 2022, according to a Reuters poll. Typically seen as a safe investment, gold performs well when investors are anxious and when returns on other assets like bonds are low.Prices leaped to record highs above $2,0...Read More

(Reuters) - The Nasdaq index hovered at a record high on Monday boosted by gains in Tesla and Meta Platforms, although investors refrained from making big bets ahead of the Federal Reserve's potential move to start paring pandemic-era support for the world's largest economy.At 12:01 p.m. ET, the Dow Jones Industrial Average was up 46.29 points, or 0.13%, at 35,865.85, the S&P 500 was up 1.95 point...Read More

StrengthsOf the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Aigang (AIX), rising 66,384.61%.The Wharton School of business at the University of Pennsylvania, one of the nation's premier business schools, plans to accept cryptocurrency as tuition payment for its online blockchain and digital assets program. The Ivy League's program will accept digital coins such a...Read More

After a consultation period, Fastmarkets has liberalized the criteria for deals to be included in the calculations for the steel scrap month-to-date deal weighted average price, cfr Turkey.Previously, Fastmarkets' MB-STE-0894 steel scrap, HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey only included deals that were classified as confirmed, which means that...Read More

StrengthsThe best performing precious metal for the week was gold, but still off 0.52%. Gold remained range bound as traders weighed concerns over the world's economic recovery, which is supporting demand for haven assets, against prospects of tighter monetary policy. The collapse in the global sovereign-debt yield curve is accelerating, sending a foreboding signal to central banks that a withdraw...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 National Institute ofStatistics and Informatics of Peru (INEI) announced today that the domesticmining and hydrocarbons sector increased by 11.07% in September 2021 comparedto the same month of 202...Read More

WASHINGTON, Nov 1 (Reuters) - Price and wage increases running at multi-decade highs may challenge Federal Reserve officials this week as they try to maintain a balance between ensuring inflation remains contained and giving the economy as much time as possible to restore the jobs lost since the pandemic.Investors on Monday continued to increase their expectations that high and persistent inflatio...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) - Lithium Americas (TSX: LAC)(NYSE: LAC) announced Monday that it has submitted an unconditional offer toMillennial Lithium to acquire all of the outstanding shares of Millennial. According to the compan...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) - Kazakhstan's Kazatomprom(LSE: KAP), the world's largest uranium producer, announced today that thecompany produced 2,928 tonnes of uranium (as U3O8) in Q3 2021 on anattributable basis, which is 16% mor...Read More

WASHINGTON, Nov 1 (Reuters) - U.S. manufacturing activity slowed in October as a measure of new orders dropped to a 16-month low and factories continued to experience delays with deliveries of raw materials.The Institute for Supply Management (ISM) said on Monday its index of national factory activity slipped to a reading of 60.8 last month from 61.1 in September.A reading above 50 indicates expan...Read More

LONDON (Reuters) - The Bank of England heads into its most unpredictable interest rate decision in years this week, leaving investors and analysts on edge about the chance of its first hike since the pandemic struck the world economy.Inflation in Britain looks set to rise to 5% - more than double the BoE's 2% target - despite a slowdown in the economy's recovery from last year's slump, and BoE Gov...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) - Novo Resources (TSX: NVO) announcedMonday that a routine crusher maintenance shut at its Nullagine gold project'sGolden Eagle processing facility has discovered greater wear than anticipatedon its pitm...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 pricesare holding mild gains in early U.S. dealings Monday. Light support is comingfrom a weaker U.S. dollar index, firmer crude oil prices and falling U.S.government bond yields on this first tr...Read More

Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...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) - Today, IAMGOLD (TSX: IMG)(NYSE: IAG) reported that the two individuals who were unaccounted forfollowing the security incident in Burkina Faso reported on October 29, 2021,have been safely located."The...Read More

Markit's US Manufacturing PMI tumbled in October, from 60.70 in September to 59.2 in preliminary October data to a final print of 58.4, tracking the dismal disappointing slide in actual US macroeconomic data.ISM's US Manufacturing survey also slipped lower in October (from 61.1 to 60.8) but printed better than the expected 60.5.Source: BloombergThat is the lowest Manufacturing PMI since...Read More

WASHINGTON, Nov 1 (Reuters) - U.S. construction spending unexpectedly fell in September amid declines in outlays on both private and public projects.The Commerce Department said on Monday that construction spending dropped 0.5% after edging up 0.1% in August. Economists polled by Reuters had forecast construction spending gaining 0.4%.Construction spending increased 7.8% on a year-on-year basis in...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) - Golden Star Resources (TSX:GSC) (NYSE: GSS) announced today that Chifeng Jilong Gold Mining has agreed toacquire all of the issued and outstanding common shares of Golden Star by wayof a statutory plan...Read More

(Adds comment, updates prices)* Higher inflation data tests Fed's transitory inflation view* Gold stuck in range-bound trade, Fed in focus - analyst* Platinum, palladium jump 3%Nov 1 (Reuters) - Gold prices ticked up on Monday, as the dollar eased, ahead of a U.S. Federal Reserve meeting where the focus is on the central bank's plan for tapering its pandemic stimulus measures.Spot gold was up 0.3%...Read More