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

(Reuters) - Global demand for gold fell 6 percent in the first half of this year due mainly to a sharp decline in purchases by exchange traded funds (ETFs), the World Gold Council said in a report on Thursday.Total global demand for gold was 1,959.9 tonnes over January-June, down from 2,086.5 tonnes in the same period last year and the lowest first-half total since 2009, the industry-funded WGC sa...Read More

Mr. Walter Coles Jr. reportsSKEENA INTERSECTS 10.52 G/T GOLD OVER 4.10 METRES AT SNIPSkeena Resources Ltd. has provided additional assay results for six drill holes from the phase II underground drilling program at the company's 100-per-cent-owned Snip gold project located in the Golden Triangle of British Columbia.The phase II drilling program is now complete. A total of 9,583 metres were drilled...Read More

(Reuters) - Struggling gold prices seem set for further pain, with a flight to the dollar leaving the traditional refuge asset searching for its place as investors build short positions in futures markets and Exchange-Traded Fund (ETF) holdings fall.Investors betting on a stronger U.S economy and higher interest rates have sought out the dollar, sapping any benefits gold and other so-called "safe...Read More

(Kitco News)- For traders, gold has offered a nice range over the pastweek. Buying the $1,207 support line and taking profits in the high teens hasworked three times in the past week. In the doldrums of summer, it at a minimumkeeps you awake. Given that there has been no fundamental change in interest-rate differentials and no flare-up ofgeopolitical tensions, one would expect the market to be tes...Read More

Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced second quarter 2018 financial and operating results.HIGHLIGHTSNet income applicable to common shareholders of $11.9 million, or $0.03 per share.Adjusted net income applicable to common shareholders of $3.0 million, or $0.01 per share. 1Sales of $147.3 million.Adjusted E...Read More

The outlook for gold mine supply remains finely balanced, with global production forecast to increase slightly in 2018 to 3,339t (+35.6t, 1% y/y), with an additional 17.8t increase expected in 2019. In evidence as to how finely balanced the situation is, a single operation, Grasberg, is expected to contribute the majority of the 2018 increase, with an additional 26t of gold of gold output versus 2...Read More

(Kitco News)- Hecla Mining Co. (NYSE:HL) reported a profitable second quarter Thursday as the cash cost of producingan ounce of silver, after byproduct credits, was in negative territory.The company also revisedits production guidance higher to account for the recent acquisition of theNevada properties from Klondex Mines Ltd.Net income was $11.9 million, or 3 cents pershare, compared to a net loss...Read More

Royal Gold,Inc. (Nasdaq: RGLD) reports net income of $26.7 million, or 41 cents per share,for its fiscal fourth quarter that ended June 30. Excluding special items,adjusted net income was $27.6 million, or 43 cents per share, up 39% from theprior-year quarter. The company reports a 3% year-on-year increase ingold-equivalent ounces to 89,000. For the fiscal year that ended June 30, RoyalGold lists...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

NEW YORK (Reuters) - The Federal Reserve provided $100 million of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.The European Central Bank swapped $100 million with a term of 6 days and a rate of 2.42 percent.The Federal Reserve has established swap arrangements with the Bank of Canada, the Bank of England, the...Read More

The price movements of base metals on the London Metal Exchange were mixed at the close of trading on Thursday August 9, typified by sharp drops in the prices of aluminium and nickel, while copper found support despite two consecutive days of stock inflows....Read More

(Reuters) - Investors continue to inject capital into US middle market direct lending strategies at a pace that could result in 2018 fundraising surpassing the record tallies seen in 2016 and 2017.So far in 2018, US$35bn has been raised for middle market strategies, including direct lending funds, private debt funds, middle market Collateralized Loan Obligation funds and Business Development Compa...Read More

There are strange things done in the midnight sun / By the men who moil for gold; / The Arctic trails have their secret tales / That would make your blood run cold; / The Northern Lights have seen queer sights, / But the queerest they ever did see / Was that night on the marge of Lake Lebarge / I cremated Sam McGee. (by Robert W. Service; published in 1907)About 10 years ago, a century after poor...Read More

NEW YORK (Reuters) - The S&P 500 was up slightly on Thursday afternoon and again close to a record high on the back of gains in Apple, Amazon and Microsoft.The benchmark index is less than half a percent shy of the record it hit Jan. 26, while the Nasdaq was close to an all-time record as well.The technology sector has been at the center of a sharp recovery in U.S. stocks since a market rout i...Read More

NEW YORK/HOUSTON (Reuters) - Scientific Drilling International (SDI), the U.S. oil industry’s largest independent directional drilling firm, is being offered to potential buyers at a valuation of more than $500 million, sources familiar with the matter said this week.The sale process for the Houston-based company, owned by the van Steenwyk family for over three decades according to the compa...Read More

LONDON (Reuters) - European shares edged higher on Thursday as corporate earnings boosted consumer stocks, although worries over China-U.S. trade tensions and new sanctions against Russia kept gains muted.While worries over an escalation in the trade dispute between the U.S. and China dampened market sentiment earlier on, a strong batch of earnings among consumer discretionary stocks helped the ST...Read More

Comex copper prices hit a one-week high Thursday August 9 morning in the US amid a general technical increase across the base metals complex....Read More

Bob Moriarty ArchivesAug 9, 2018The gold mining business seems to be painting itself into a corner. For the past 25 years, the ratio of discovery to that of production has declined on a steady basis. Basically the mining business is consuming its young. The majors rarely explore for themselves and the pace of investing in junior exploration companies has fallen off a cliff in the past ten years. E...Read More

Aluminium prices on the London Metal Exchange climbed 0.5% during morning trading on Thursday August 9, elevating a buffeted complex following the light metal's 3.2% surge at the close of trading on Wednesday. ...Read More

* Gains in dollar index limit upside for gold * Gold seen in holding pattern until more data emerges (Updates prices, headline; adds comment, byline, CHICAGOdatelineprevious dateline LONDON)By Renita D. Young and Maytaal AngelCHICAGO/LONDON, Aug 9 (Reuters) - Gold was near flat onThursday after two straight sessions of gains as a stronger U.S.dollar index weighed on upside momentum, though the pre...Read More