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Allen Sykora

Allen Sykora

Senior Reporter

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Allen Sykora reports on precious metals and the mining industry for Kitco News. He has covered foreign-exchange and commodity markets for Futures World News, Dow Jones Newswires and Kitco for 25 years. He holds a mass communications degree from Mankato State University in Minnesota and worked as a reporter and editor at newspapers in Minnesota, Iowa and Alaska before becoming a financial journalist.

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Eldorado Gold Trims 2017 Kisladag Guidance But Ups 2018 Outlook

Eldorado Gold (TSX: ELD; NYSE: EGO) has lowered its 2017 estimate of output from the Kisladag mine in Turkey but upped its 2018 outlook as some production is deferred to next year.

FXTM: Gold Close Above $1,250 Would Encourage More Buying

Gold is stepping higher again and may generate further momentum if the metal can close above $1,250 an ounce, says FXTM research analyst Lukman Otunuga.

SocGen Ups Gold Forecast But Still Sees Price Decline In 2H

Societe Generale has upped its gold forecast but nevertheless still looks for the metal to ease by the end of the year, weighed down by expected monetary-tightening measures in the U.S.

New Gold: Rainy River On Target For First Gold Output In September

New Gold Inc. (NYSE, TSX: NGD) says its Rainy River project, located in Ontario, remains on schedule and capital costs are in line with updated plans announced in January.

Price Futures Group: 'Gold More Of A Safe Bet' Than Cryptocurrencies

Gold is probably a safer haven than cryptocurrencies, says Phil Flynn, senior market analyst with Price Futures Group.

Bulls Exit Gold Futures In Wake Of FOMC Meeting

Large speculators exited from gold and silver futures during the several days after the last meeting of the Federal Open Market Committee, based on the latest weekly positioning data from the Commodity Futures Trading Commission.

Gold Remains Weak Despite 1.1% Fall In U.S. Durable-Goods Orders In May

Kitco News reports on U.S. orders for durable goods in May

Wall St., Main St. Lean Bullish Again As Gold Recovers

Gold has resumed a bullish trajectory, and so have respondents in the weekly Kitco News gold survey.

Barrick, Novagold OK Drilling Effort At Giant Donlin Project

Novagold Resources Inc. (NYSE, TSX: NG) and partner Barrick Gold Corp. (NYSE, TSX: ABX) announce an $8 million budget for a 2017 drill program at the Donlin gold project in Alaska.

TDS Sees Reversal Lower In Palladium Prices

TD Securities looks for palladium to give back some of the metal’s roughly 30% gain so far in 2017. The bank previously was one that called for prices to rise