Metal Market News

(Kitco News) - The company reported that an armed robbery took place at its Homase site in Ghana, which, whilst no-one was hurt, resulted in a loss of gold with a value of approximately US$350k.

(Kitco News) - The company said that its FY22 annualized production now expected to be in the range of 373–377,000 dmt (~33% increase from FY21), and at the upper end of the previous guidance range of 340-380,000dmt.

(Kitco News) - In a “worst-case scenario,” Bitcoin will break to “all-time highs” in 2025, said Aaron Arnold, one of the Altcoin Daily duo.

(Kitco News) - The gold market remains trapped in consolidation below $1,850 an ounce. Still, one analyst said that the precious metal's long-term bullish setup remains firmly in place.

(Kitco News) - The company said that Rio Tinto Exploration Canada exercised its voting power to place the Star–Orion South diamond project on care and maintenance through December 31, 2022.

(Kitco News) - As Bitcoin struggles to hold the $20,000 mark, the best-selling author of 'Rich Dad Poor Dad,' Robert Kiyosaki, says he is waiting for Bitcoin to test $1,100.

(Kitco News) - Gold and silver prices are steady to slightly lower in midday U.S. trading Wednesday. A rally in the U.S. dollar index at mid-week kept the precious metals bulls at bay. August gold futures were last down $1.20 at $1,819.90. July Comex silver futures were last down $0.136 at $20.67 an ounce.

(Kitco News) - Alamos said that Phase 3+ expansion study for Island Gold outlines bigger, longer-life, more profitable and valuable operation.

(Kitco News) - Liontown and Ford have executed a definitive binding full-form offtake agreement (Offtake Agreement), the third and final foundational offtake required to underpin development of Liontown’s Kathleen Valley Lithium Project.

(Kitco News) - There is a risk the U.S. central bank will go too far with its rate hike cycle when battling inflation, but the bigger risk would be failing to restore price stability, said Federal Reserve Chair Jerome Powell.

(Kitco News) - Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the crypto industry.

(Kitco News) - Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax.

(Kitco News) - Weaker-than-expected consumption continues to take its toll on the U.S. economy, which contracted more than expected in the first quarter.

(Kitco News) - Gold and silver prices are a bit firmer in early U.S. trading Wednesday, on corrective rebounds from recent selling pressure.

(Kitco News) - There has been lots of central bank talk over the last few days most notably from the ECB and Fed. The overriding theme is the fact that interest rates could go higher in both cases. There have been a few new surprise views that should be taken note of.

(Kitco News) - U.S. investment bank Goldman Sachs has recently raised its year-end 2022. The gold price target is now $2500/oz, signaling a strong 2022 after gold prices ended 2021 down approximately 4%. In the report, the bank noted, that the coming year could bring increased concerns of a US recession, which would lead to higher gold prices.

(Kitco News) - Gold (-0.19%) and silver (-0.22%) are both trading lower heading into the European open. In the rest of the commodities complex, copper (-0.35) and spot WTI (-0.60%) are both trading in the red.

(Kitco News) - Manganese has similar chemical properties as cobalt, but cobalt production is concentrated in one country, the Democratic Republic of Congo. To avoid country risk and over reliance on one supply source, manganese is gaining favor.

(Kitco News) - With the crypto market dramatically crashing in June, one major event has been relegated to the background. Yet, it's the one to watch this year as it could send massive ripple effects throughout the crypto space and even end the crypto winter, according to analysts.

(Kitco News) - Teck Resources today announced a Carbon Capture Utilization and Storage pilot project at its Trail Operations metallurgical complex in southern British Columbia.