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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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Gold Subdued As U.S. Existing-Home Sales Fall 4.9% In March

(Kitco News) - Gold prices are subdued after a report from the National Association of Realtors Monday showed that sales of previously owned U.S. homes fell by 4.9% in to an annualized pace of 5.21 million in March.

Funds Reverse Course, Hold Net-Bearish Position In Gold Futures

(Kitco News) - Large speculators reversed from a net-bullish to a net-bearish position in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission.

Barrick-Newmont Joint Venture Clears Regulatory Hurdles

(Kitco News) - An agreed-upon joint venture for Nevada mines owned by Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) and Newmont Goldcorp Corp. (NYSE: NEM; TSX: NGT) has cleared all the required regulatory conditions, the two companies announced Monday.

MKS' Nabavi: Longs Tiptoe Back Into Gold Market After Holiday

(Kitco News) - Gold has ticked modestly higher at the start of the week as some traders re-establish bullish positions after a long Easter weekend, with the market quiet overall as London remains on holiday, says Afshin Nabavi, head of trading at trading house MKS SA. As of 8:30 a.m.

Wall St., Main St. Split On Short-Term Outlook For Gold Prices

(Kitco News) - Wall Street leans slightly bearish and Main Street slightly bullish in the weekly Kitco News gold survey.

Commerzbank: Central Banks Still Accumulating Gold

Central banks are still adding gold to their reserves, says Commerzbank, citing data compiled by the International Monetary Fund.

Hecla: 1Q Silver, Gold Output Up From Year Ago

Hecla Mining Co. (NYSE: HL) reports preliminary first-quarter silver production of 2.9 million ounces, up 15% from 2.5 million in the same period of 2018.

Newmont, Goldcorp Complete Merger To Form Largest Gold Producer

(Kitco News) - It's official – Newmont Mining Corp. and Goldcorp Inc. have completed their merger to form Newmont Goldcorp Corp. (NYSE: NEM, TSX: NGT), thereby creating what officials have said will be the world's largest gold-mining company.

Philadelphia Fed Manufacturing Index Falls To 8.5 In April

(Kitco News) - The headline current general activity index for a survey of manufacturers in the Philadelphia area slid to 8.5 in April from 13.7 in March, the regional Federal Reserve bank said Thursday.

Barrick: 1Q Gold Output Within Its Expectations

(Kitco News) - Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) Thursday reported preliminary first-quarter sales and production of 1.37 million ounces of gold, which the company said was in line with its expectations and operating plans.