Kinesis money

The overdue correction begins – How much can gold price, silver price fall? The highly anticipated correction in gold and silver prices has begun. But don’t despair, says Commerzbank, projecting for the precious metals’ rally to resume after some profit-taking has taken place. Gold has kicked off its downward trajectory after a failed attempt at a new record high on Monday. “[The precious metal] made another attempt yesterday afternoon to reach the record high it posted at the end of…

Gold rate today – Yellow metal falls as dollar rebounds; Support placed at Rs 53,700 per 10 grams level Analysts suggest selling gold on the rise as they expect further profit booking. US gold futures fell 0.6 percent to $2,028.10. Gold rate today: Yellow metal falls as dollar rebounds; Support placed at Rs 53,700 per 10 grams level Gold prices in India fell on the Multi Commodity Exchange (MCX) Tuesday tracking weakness in international spot prices on a strong dollar…

E.B. Tucker correctly predicted $2,000 gold price; he now sees this year-end target As gold prices breached $2,000 an ounce and continue to march higher, one analyst sees momentum continuing all the way to $2,500 by year end. E.B. Tucker, director of Metalla Royalty and Streaming and author of “Why Gold, Why Now? The War Against Your Wealth and How to Win It” said that this current bull rally has not run out of control, and is in fact, still…

After $2,000 gold price, $4,000 is next – Frank Holmes doubles down on call The fiscal and monetary conditions have never been stronger for gold prices, and while the yellow metal already broke records this week by hitting $2,000 an ounce, Frank Holmes, CEO of U.S. Global Investors, doubled down on his $4,000 an ounce by the end of this bull cycle call. Price corrections can happen along the way, Holmes said, but gold investors should buy on the dip.…

Gold eases as dollar firms – virus fears cap losses Spot gold was down 0.2% at $1,973.54 per ounce by 0026 GMT. It hit an all-time high of $1,984.66 in the previous session. Reuters Gold prices edged lower on Tuesday as the dollar strengthened and risk appetite improved after positive U.S. economic data, while fears over surging coronavirus cases limited losses for the safe-haven metal.   FUNDAMENTALS Spot gold was down 0.2% at $1,973.54 per ounce by 0026 GMT. It…

Gold price hits new record highs, but $2,000 proves strong resistanceNews Bites Gold is on a cusp of $2,000 an ounce level. Can the yellow metal continue its historic price rally and breach this level, and more importantly, trade above it? At the time of writing, spot gold was trading at $1,979.10, up 0.11% on the day, after hitting a record high of $1,984.66 earlier in the session. And the December Comex gold futures were at $1,994.60, up 0.44% on…

It's a 'challenging time' for gold companies that need to grow – B2Gold B2Gold (TSX:BTO) is a mid-tier gold company with mining operations in diverse locations: Philippines, Mali, Namibia and Nicaragua. The Vancouver-based company forecasts between 1,000,000 and 1,055,000 ounces in 2020.   Johnson said the low precious metal prices of the past decade, plus the overhang from the industry's last spending splurge has diminished the gold supply "There's been a lack of exploration and a lack of development, so…