Mixed PMI’s ahead of the US open

Mixed PMI's ahead of the U.S. open PMI's in Europe have once again impressed leading into the U.S. market open. The Eurozone number itself came in at 61.4 vs analyst expectations of 61.5 marginally missing out. The report itself said that manufacturing growth slowed to a size month low. It noted, "The euro area manufacturing sector registered another marked expansion during August, latest PMI data showed, although momentum waned once again as the headline index fell to a six-month low.".…

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Gold and silver both trade higher leading into the European open

Gold and silver both trade higher leading into the European open Gold and silver have moved higher overnight paring some of the losses that were seen during Monda's session. The yellow metal is back at $1817/oz while silver is trading at $24.15/oz. In the rest of the commodities complex, copper is another 0.15% higher and spot WTI has pushed up 0.11%. Risk sentiment was pretty good overnight as the Nikkei 225 (1.08%), ASX (0.41%) and Shanghai Composite (0.23%) all closed…

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Kootenay Silver CEO on price cycles MampA and AI in mining

Kootenay Silver CEO on price cycles, M&A, and AI in mining Silver is on track to make a comeback after being stuck in a range for so long, said Jim McDonald, CEO of Kootenay Silver, who said that the long-term bull cycle is not yet over. “We’re expecting another breakout to come here in the silver price pretty soon. It’s a very interesting action on the gold market there a few weeks ago, when overnight in the Asian markets it…

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Why the fall could finally lift lagging gold miners

Why the fall could finally lift lagging gold miners https://kitco-podcast.simplecast.com/episodes/why-the-fall-could-finally-lift-lagging-gold-miners The gold miners and juniors are trading at significant lows despite the yellow metal pushing through $1,800 this week, noted Greg Johnson, CEO of Metallic Minerals and chair of the Metallic Group. On Friday Johnson recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris. Gold and gold equities were near an all-time high a year ago, noted Johnson. Since then prices have slid with…

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Gold and silver move lower ahead of the European open

Gold and silver move lower ahead of the European open Both gold and silver have moved down in the Aisa Pac session. Gold is trading -0.24% in the red while silver has fallen just over half a percent. Looking at the rest of the commodities complex, copper has dropped -0.68% but spot WTI bucked the trend to trade 0.09% higher. It was a mixed session overnight in the indices as the ASX (-0.54%) and Shanghai Composite (-0.64%) both fell but…

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Gold and silver slip ahead of the European open

Gold and silver slip ahead of the European open Gold and silver have moved lower heading into the European cash open. The yellow metal is trading -0.38% lower while silver has dropped -0.43%. In the rest of the commodities complex, copper is just above flat while spot WTI has called -0.37%. Risk sentiment overnight was slightly mixed. The ASX (0.33%) and Shanghai Composite (0.60%) traded well but the Nikkei 226 traded just under flat. Futures in Europe are also pointing…

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Gold and silver trade flat heading into the European open

Gold and silver trade flat heading into the European open After a decent session yesterday, in which gold rose 1.36% the yellow metal is flat this morning leading into the European open. Silver is trading 0.09% higher overnight at $23.60/oz but has a resistance level at $23.78/oz to contend with. In the rest of the commodities complex copper (0.10%) and spot WTI (0.77%) are both trading higher. In terms of risk sentiment, indices in the Asia Pac area traded well…

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Gold and silver start the week on the front foot

Gold and silver start the week on the front foot Gold (0.24%) and silver (0.82%) have both moved higher this morning ahead of the start of the new trading week. gold finished last week marginally higher and gapped up at the open on to pare some of those gains and trade at $1784.92/oz. Copper and oil have also had a good start to the week moving up 0.52% and 1.97% respectively. Over in the Asia Pac area, the risk sentiment…

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Gold fails at 1800 another selloff might be on is way

Gold fails at $1,800, another selloff might be on is wtay   Even though gold stabilized after last week's flash crash, it failed to breach the $1,800 an ounce level. Markets are keeping a very close eye on the delta variant, Afghanistan headlines, and the Federal Reserve's tapering signals at the upcoming Jackson Hole meeting.   Here's a look at Kitco's top 3 stories of the week:   3. Gold price pauses near $1,800, analysts warn of another selloff  …

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Gold bull Peter Schiff regrets not getting into bitcoin and now its too late as its days are numbered

Gold bull Peter Schiff regrets not getting into bitcoin, and now its too late as its days are numbered Prominent gold bull Peter Schiff is once again making waves in the crypto economy after saying in a recent podcast that he regrets not buying bitcoin when he first heard about it; however, he added that it is now too late to get into the digital currency as its future is limited. In a conversation with Natalie Brunell during her Coin…

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