markethive

Gold settles with a gain for the session and shorter week Gold futures climbed on Thursday, also posting a gain for the holiday-shortened week, as concerns over the increase in COVID-19 cases in part of the world provided safe-haven support for the metal. Some of that support lacked in the U.S., where data showed better-than-expected jobs growth in June. "The employment numbers are spectacular but an 11% unemployment rate is still elevated," said Jeff Wright, executive vice president of GoldMining…

UK regulators take aim at Apple's search engine deal with Google The payments by Alphabet Inc’s Google to Apple Inc to be the default search engine on Apple’s Safari web browser create “a significant barrier to entry and expansion” for Google’s rivals in the search engine market, the UK markets regulator said in a report released on Wednesday. Apple received the “substantial majority” of the 1.2 billion pounds ($1.5 billion) that Google paid to be the default search engine on…

Gold price today – Yellow metal rangebound; next target seen around Rs 49,000/10 gm Experts are of the view that the trend in global and silver is likely to remain on the upside amid rising fears of COVID-19 related cases, and global recession. India Gold August Futures trade in a range on July 1 after hitting record high in the previous session tracking positive trend in the international spot prices as a spike in COVID-19 infections in the United States…

'Most violent' bull market is here: Gold looking at $5K, silver at $50 in just 3 years — Chancery Asset Management The gold and silver bull market is in its early stages, and it is already looking to be one of the most volatile bull runs, according to Chancery Asset Management founder Thomas Puppendahl. The COVID-19 outbreak was just “one snowflake that let the avalanche come down,” Puppendahl told Kitco News on the sidelines of the Mines and Money Online…

After 'momentary correction' gold price is ready to attack $1,800 and higher – analysts Gold is looking at another volatile week with an attempt at breaching the $1,800 an ounce level, according to analysts. The yellow metal is wrapping up a very exciting trading week after seeing prices hit 7.5-year highs and climbing to $1,796.10 on Wednesday. After some consolidation, prices are back above $1,770 with August Comex futures last trading at $1,780.10, up 0.54% on the day. The risk-off…

The reasons behind all the Chinese M&A Rapidly depleting resources and permission to build businesses at scale are some of the reasons Chinese miners are making so many acquisitions, said Scott Trebilcock, CEO of KORE Mining. Tebilcock joined Kitco's Michael McCrae and Mining Journals' Paul Harris on Friday for a discussion of major mining news of the week. In a research piece from last week Haywood noted that there have been four acquisitions backed by Chinese entities this year, and…

Higher gold prices will continue as long as Covid-19 does The fundamental factors which have taken gold pricing from $1460 in March, to within four dollars of $1800 per ounce this week are still present, and they continue to be highly supportive of gold prices. First and foremost, and at the root of other fundamental issues is the global Covid – 19 pandemic which is now in its fourth month. In that short period of time the total number of…

What trend-line analysis suggests gold prices will be on Jan. 1 – brace yourself I don't like to beat around the bush and I'll bet you don't either. So, let's make this quick. Nearby Comex gold futures hit a 7.5-year high of $1,783.10 Wednesday. The August futures contract hit a high of $1,796.10. The all-time high in nearby gold futures was $1,920.70, hit in September of 2011. Take a gander at the weekly continuation chart for nearby Comex gold futures.…

Russia ramped up gold production right before COVID-19 hit Prior to the coronavirus paralyzing the world, Russia was ramping up its gold production, according to the Union of Gold Producers of Russia. Russia’s total gold output reached more than 64 metric tons in Q1, which is up 5.11% from the same period last year, the union said. “The coronavirus pandemic did not impact Russian gold mining companies’ production performance during the first three months of 2020. On the contrary, the…