Kinesis money

Gold price today rises 1 on safe haven demand as Coronavirus spreads

Gold price today rises 1% on safe haven demand as Coronavirus spreads At 9.07 am, April gold futures were trading 0.87 per cent higher at Rs 43,037 per 10 grams on MCX. EW DELHI: Gold futures for April delivery rose nearly 1 per cent in Monday’s trade amid concerns over the spread of coronavirus outside of China and its impact on the global economic growth. Silver futures for April delivery were ruling at Rs 48,615 per 1 kg on the…

Read More

Gold and palladium both have a historical week

Gold and palladium both have a historical week This was truly an historical week for traders of the precious metals. Both gold and palladium made substantial and strong upside moves resulting in a all-time new record high for palladium, and gold reaching a seven-year high. There are distinct differences in the rationale and reasons that these two metals had such strong gains. In the case of palladium, it is a simple issue which revolves around a growing demand, and a…

Read More

Wheaton Precious Metals NYSE: WPM exceeded its year end guidance in its production report released tonight

Wheaton Precious Metals (NYSE: WPM) exceeded its year end guidance in its production report released tonight. In 2019 gold equivalent ounces came in at 706,900, up from 690,000 forecast for the year. The gold equivalent ounces was made up of gold at 406,604 oz, silver at 22,544 ounces and palladium at 21,993 ounces. The 2020 forecast is for 685,000 to 725,000 gold equivalent ounces. "In 2020, gold production is forecast to remain strong primarily driven by Salobo and San Dimas.…

Read More

Gold prices today hit record highs for third day in a row silver rates jump

Gold prices today hit record highs for third day in a row, silver rates jump The investment demand for gold continues to grow Silver rates also moved higher today Gold prices in India rose to a new high today, extending their record-setting run to the third day in a row. On MCX, April gold futures rose as much as 0.5% to ₹41,798 per 10 gram, before giving up some gains. Domestic gold prices tracked gains in global rates which are…

Read More

Gold price pushes above 1600 what’s next?

Gold price pushes above $1,600, what's next? For a lot of analysts it was only a matter of time before gold prices breached $1,600 an ounce and with that target achieved, those professionals say that the precious metal has room to run a little further. Gold price have been climbing steadily higher Tuesday as fear sentiment picked up after investors saw the impact the spreading coronavirus was having on the global economy. Overnight, Apple warned that earnings won ’t meet…

Read More

Gold has room to push to 1600 in the short term UBS

Gold has room to push to $1,600 in the short term UBS A correction in equity markets due to shifting economic growth expectations could be the catalyst to push gold out of its narrow range, according to one market strategist. In a recent report, Joni Teves, precious metals strategist at UBS, said that although gold is currently stuck in no man's land, there is potential for prices to push to $1,600 an ounce. The question is, for how long can…

Read More

Gold poised for a weekly gain as virus fears lift safe-haven demand

Gold poised for a weekly gain as virus fears lift safe-haven demand * Gold on track for a weekly rise * U.S. consumer spending slows * China reports 121 new deaths and 5,000 new coronavirus cases * Palladium up over 4% for the week so far Gold prices rose to the highest level in more than a week on Friday, on track for a weekly gain, as investors bet on the safe-haven metal to hedge against the economic impact of…

Read More

Temporary suspension of trading KVTs on the Kinesis Exchange

Temporary suspension of trading KVTs on the Kinesis Exchange At Kinesis, we strive to deliver value to our clients, and Kinesis Velocity Token (KVT) holders. The value of KVTs, as outlined in our blueprint, is derived from a fully operational product suite, designed to deliver yields based on transaction fees and velocity. Velocity is key to the success of the Kinesis Monetary System, and we have taken the position to preserve the value of the KVT until we deliver our…

Read More

Bitcoin versus gold you need THIS during outbreaks like coronavirus – analyst

Bitcoin versus gold, you need THIS during outbreaks like coronavirus – analyst Bitcoin has risen 48% since the start of 2020, far outperforming gold, and this may be due in part to the coronavirus, said Clem Chambers of Investorshub.com, who considers the largest cryptocurrency to be the “flight asset of choice”. “Bitcoin is now proven to be of use, because you can buy it and turn it into fiat very, very quickly and very, very easily international. So, if you…

Read More

Gold silver prices gain as coronavirus outbreak escalates

Gold, silver prices gain as coronavirus outbreak escalates Gold and silver prices are moderately higher in midday U.S. futures trading Thursday. Some risk aversion is back in the marketplace late this week, as the coronavirus outbreak has escalated in China. February gold futures were last up $7.00 an ounce at 1,578.60. March Comex silver prices were last up $0.118 at $17.61 an ounce. New cases of coronavirus increased markedly Thursday in China's Hubei province. There were over 14,800 new cases…

Read More