Allen Sykora

Monday June 7, 2021 03:41PM

(Kitco News) -

Friday June 26, 2020 11:33AM

(Kitco News) - Gold prices should maintain maintain their recent upward momentum as the COVID-19 pandemic keeps spreading and prompting worries about the economy, according to respondents in the weekly Kitco News gold survey.

Friday June 26, 2020 09:06AM

(Kitco News) - Rising COVID-19 worries have interrupted, but not canceled, gold's break higher this week, said TD Securities.

Friday June 26, 2020 08:38AM

(Kitco News) - Equities of gold-mining companies still appear undervalued based on a historical comparison of where they were trading relative to the price of gold during the last bull-market cycle, said Caesar Bryan, portfolio manager of the Gabelli Gold Fund (symbol GOLDX for AAA shares and GLDIX for institutional class of shares).

Friday June 26, 2020 07:58AM

(Kitco News) - Gold prices are holding above $1,750 an ounce, which was the top of its former trading range and is now acting as chart support, as markets collectively ponder whether the surge in COVID-19 cases in the U.S. and elsewhere will lead to more supportive measures by authorities to prop up the economy and markets, said Bannockburn Global Forex.

Friday June 26, 2020 07:57AM

(Kitco News) - Investors are likely to keep adding gold as a "store of value" as central banks remain accommodative and governments keep running up debt in their fiscal-stimulus efforts to prop up the economy and markets during the COVID-19 pandemic, Commerzbank said.

Thursday June 25, 2020 09:39AM

(Kitco News) - BMO Capital Markets lowered its forecasts for average prices of platinum group metals during 2020, although the bank looks for a rebound from current prices into year-end.

Thursday June 25, 2020 08:39AM

(Kitco News) - Gold remained on the defensive after a Commerce Department report Thursday showed that U.S. durable-goods orders rose by 15.8% to $194.4 billion in May. Spot gold was last down $5 to $1,756.30 an ounce.

Thursday June 25, 2020 08:07AM

(Kitco News) - Market participants appear to be using pullbacks in gold prices as "buying opportunities," said Commerzbank analyst Carsten Fritsch.

Wednesday June 24, 2020 12:39PM

(Kitco News) - Mergers are likely to continue in the gold-mining industry, although there is a trend toward no-premium acquisitions, fund managers and analysts said.