Metal Market News

(Kitco News) - ICSG said that world copper mine production increased by approximately 2.6% over the first ten months of 2021, but preliminary world refined copper balance indicated an apparent deficit.

(Kitco News) - The gold market surprised with a breakout above $1,830 an ounce this week. And analysts say next week will be pivotal in whether gold breaks out or gets stuck in the sideways price action again.

(Kitco News) - The new year has practically just started and things are heating up, creating a bid for gold and silver as both precious metals broke out of their consolidation.

(Kitco News) - The grade or concentration of a mineral or metal in ore directly affects costs associated with mining as well as its subsequent beneficiation and extraction of precious components.

(Kitco News) - Gold's breakout rally to a two-month high is generating significant bullish sentiment among Wall Street analysts and retail investors, with some expecting prices to hit $1,850 an ounce in the near term, according to the latest Kitco News Weekly Gold Survey.

(Kitco News) - Russia's ALROSA, a global leader in diamond production, today reported its 2021 diamond production of 32.4 m carats (up 8% on 2020) and proceeds from rough and polished diamond sales of $4.2 bn (up 49%).

(Kitco News) - Markets are about to go 'biblical'; this key indicator is signaling major moves - Michael Gayed

(Kitco News) - Barrick said today that the Kibali gold mine in the DRC produced a total of 812,152 ounces in 2021, well within guidance for 2021, and expects to increase its mineral reserves net of depletion for the third successive year.

(Kitco News) - Crypto selloff accelerated on Friday, with Bitcoin hitting 5-month lows to trade below $40,000 and Ethereum dropping to four-month lows to trade below $3,000.

(Kitco News) - Gold and silver futures prices are trading weaker in early U.S. action Friday, on routine downside corrections after recent good gains that pushed prices to two-month highs this week.

(Kitco News) - Bitcoin-U.S. dollar prices are sharply lower and hit a 5.5-month low in early U.S. trading Friday.

(Kitco News) - Platinium has had an interesting price rally over the past couple of weeks and the price has managed an 8% rally leading into month-end.

(Kitco News) - There has been lots of talk from China over the last week about how the administration is looking to support the economy. Friday has been no different as the PBoC, cabinet adviser Zhu and Premier Li have all been on the wires early in the EU session and overnight. All of the rhetoric has been the same with most of the chatter fixed on lending.

(Kitco News) - Gold (0.11%) and silver (0.18%) are trading higher leading into the European open. On Thursday gold slightly struggled at the highs of $1847.94/oz and closed marginally lower but silver managed to print 1.39% higher. In the rest of the commodities complex, spot WTI (-0.05%) and copper (-0.05%) are both slightly subdued.

(Kitco News) - Gold market finally realizes Fed is completely wrong; $2,000 now on the way

(Kitco News) - Gareth Soloway reveals top stock picks for 2022, downgrades Bitcoin target to "sub-$20k"

(Kitco News) - The Federal Reserve released its long-awaited discussion paper on the digital dollar. As expected, the Fed didn't take sides, but it did outline the pros and cons of introducing a central bank digital currency (CBDC). The public was also invited to weigh in.

(Kitco News) - The recent trading pattern in gold shows signs that a bull market could be just around the corner, with investors starting to price in a possible policy mistake as central banks worldwide begin to raise rates.

(Kitco News) - Seligdar, one of the largest gold producers in Russia, said today it has signed an agreement with the state nuclear corporation Rosatom on the supply of energy generated by a small modular nuclear reactor for the Kyuchus gold deposit in the Republic of Sakha (Yakutia).

(Kitco News) - Russian gold and tin miner Seligdar (MOEX: SELG) today announced production results for the full-year 2021.