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Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio teaser image

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio

(Kitco News) – Even with Bitcoin trading above $100,000 and a crypto-friendly U.S. administration taking office in the new year, legendary investor and Bridgewater Associates founder Ray Dalio still chooses gold.

Dec 11, 2024 - 3:27 PM

Silver could outperform gold again next year, spot price forecast to hit $40/oz in 2025 – Heraeus teaser image

Silver could outperform gold again next year, spot price forecast to hit $40/oz in 2025 – Heraeus

Dec 11, 2024 - 12:52 PM

Gold powers to 9-week high on bullish fundamentals, technicals teaser image

Gold powers to 9-week high on bullish fundamentals, technicals

Dec 11, 2024 - 12:32 PM

Copper output from Codelco flat in October, BHP’s Escondida rises teaser image

Copper output from Codelco flat in October, BHP’s Escondida rises

Dec 11, 2024 - 12:20 PM

Glencore ties up with Cyclic Materials in copper recycling push teaser image

Glencore ties up with Cyclic Materials in copper recycling push

Dec 11, 2024 - 11:31 AM

Chilean mining firms see 2025 copper output at 5.4-5.6 million tons teaser image

Chilean mining firms see 2025 copper output at 5.4-5.6 million tons

Dec 11, 2024 - 10:51 AM

Gold price dips against the Canadian dollar as BoC cuts rates by 50 basis points

(Kitco News) - Spot gold sold off in CAD while strengthening in USD after the Bank of Canada (BoC) cut its key interest rate by 50 basis points, lowering rates for the fifth consecutive meeting. The Bank of Canada lowered its target for the overnight rate to 3.25% on Wednesday, with the Bank Rate at 3.75% and the deposit rate at 3.25%.

Dec 11, 2024 - 9:46 AM

Gold price up, moves little after as-expected U.S. CPI

(Kitco News) - Gold prices are higher in early U.S. trading Wednesday and maintained overnight gains following an important U.S. inflation report that was in line with market expectations.

Dec 11, 2024 - 8:50 AM

Gold price holding its ground near $2,700 as U.S. annual CPI rises 2.7% in line with expectations

(Kitco News) - Gold prices are holding within striking distance of $2,700 an ounce as in line stubborn inflation fails to drive investors out of the marketplace.

Dec 11, 2024 - 8:30 AM

Gold market analysis for December 11 - key intra-day price entry levels for active traders teaser image

Gold market analysis for December 11 - key intra-day price entry levels for active traders

(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.

Dec 11, 2024 - 8:07 AM

Emerging market central bank demand will drive gold in 2025 - Wells Fargo’s John LaForge teaser image

Emerging market central bank demand will drive gold in 2025 - Wells Fargo’s John LaForge

(Kitco News) - Investment demand for gold may struggle in 2025 as a solid U.S. economy supports the dollar and ends the Federal Reserve’s easing cycle.

Dec 10, 2024 - 4:47 PM

Gold will see plenty of support next year, spot price forecast to hit $2,950/oz in 2025 – Heraeus teaser image

Gold will see plenty of support next year, spot price forecast to hit $2,950/oz in 2025 – Heraeus

(Kitco News) – Even though the inflation picture is unclear and jewelry demand could weaken in some areas, the overall outlook for gold prices next year is positive, according to analysts at Heraeus Precious Metals.In their Precious Forecast 2025, the analysts noted that monetary policy has entered a rate-cutting cycle, and the strong prospect of a U.S. recession likely means even more rate cuts.

Dec 10, 2024 - 4:20 PM

Polyus says sanctions will double cost of Siberian gold deposit teaser image

Polyus says sanctions will double cost of Siberian gold deposit

Russia’s largest gold producer Polyus said on Tuesday that the cost of developing the giant Sukhoi Log gold deposit in Siberia had nearly doubled to $6 billion due to Western sanctions.Polyus expects its flagship project in eastern Siberia, due to go into full operation in 2029, to help double its gold output to 6 million ounces by 2030. That would see the company leap to second from fourth in terms of global gold producers, behind only US-based Newmont.

Dec 10, 2024 - 2:30 PM