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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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The City and Brexit: what changes and when

(Kitco News) -

Gold remains softer after U.S. Dec. durable-goods orders rise 2.4%

(Kitco News) - Kitco News reports on U.S. orders for durable goods in December

SP Angel: stronger U.S. dollar halts gold rally

(Kitco News) - Gold has given back some of its recent strength due to a stronger U.S. dollar, said SP Angel. Previously, gold prices were rising due to concerns about economic fallout from China’s coronavirus outbreak

Money managers modestly trim bullish gold positioning

(Kitco News) - Large speculators trimmed their net-bullish positioning in gold futures by 3% during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC).

Coronavirus underpins gold; $1,600 break would trigger chart buying

(Kitco News) - Gold futures have risen to their highest level in nearly three weeks, drawing a safe-haven bid amid worries about China's coronavirus spreading and hurting the global economy, as well as a weekend attack on the U.S. embassy in Iraq, traders and analysts said.

BBH: gold benefiting from risk aversion

Gold has been a beneficiary of risk aversion since China’s coronavirusbegan making international headlines around week ago, said Brown Brothers Harriman.

Commerzbank: palladium's wings to be clipped

(Kitco News) - Commerzbank is comparing palladium to the mythical Greek figure Icarus, who came so close to the sun that the wax on his wings melted and he crashed.

Chinese New Year gold demand called 'sluggish'

(Kitco News) - Gold demand tied to the Chinese New Year is being described as “sluggish,” apparently dented by the higher price of the precious metal, a slowing economy in the country and a virus outbreak, most traders and analysts said.

Gold prices higher after mixed IHS Markit PMI data

(Kitco News) - Kitco News reports on IHS Markit manufacturing and service sectors indices for January.

Commerzbank: ETF gold holdings rise 16 tons so far in 2020

(Kitco News) - Holdings of gold by exchange-traded funds have risen by more than 10 tons so far in 2020, said Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares.