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Neils Christensen

Neils Christensen

Editor

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Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_c

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Silver price taking a beating, down nearly 4% on pandemic fears

(Kitco News) - The silver market can’t catch a break. Momentum appeared to be shifting last week as prices outperformed gold; however that sentiment has evaporated as prices saw significant selling pressure Tuesday.

Gold can push to $1,800 by Q2 as pandemic fears continue to grip financial markets - Invesco

(Kitco News) - Investors should look past short-term technical selling and focus on the fact that interest rates will continue to go lower, according to one market analyst.

Canada loses top spot for most attractive mining environment – Fraser Institute

(Kitco News) - Canada has lost its top spot as a global mining leader and is now ranked as the third best region for mining investment, according to the Fraser Institute ’s 2019 Annual Survey of Mining Companies.

Gold prices holding key support above $1,650 following weaker-than-expected consumer consumer data

(Kitco News) - Gold price are down but seeing little reaction to slightly weaker-than-expected U.S. consumer confidence; gold prices continue to hold critical support around $1,650 an ounce.

Gold prices holding steady following in line drop in U.S. existing home sales

(Kitco News) - Economic data continues to have little impact on gold as prices remain near its recent seven-year high following after data from the National Association of Realtors (NAR) showed consumers bought existing homes at a pace in line with expecations.

Gold price pushes to session highs, up 1.75% following disappointing flash PMI numbers

(Kitco News) - Nothing appears to be stopping the gold market as prices remain near fresh seven-year highs after preliminary data shows disappointing sentiment in the U.S. manufacturing and service sectors.

Rebound in global economy will weigh on gold and silver prices in 2020 - Capital Economics

(Kitco News) - The gold market is attracting renewed investor interest as prices push to their highest level in seven years; however, one firm is not convinced that the rally can last.

Gold at a seven-year high has room to run to $1,650 - Saxo Bank

(Kitco News) - Not only are gold prices trading near their highest level in seven years, but one market analyst notes that the rally has occurred in the face of significant headwinds: a stronger U.S. dollar, record equity valuations and shifting market sentiment.

U.S. weekly jobless claims rise to 210K in line with expectations

(Kitco News) - The initial weekly jobless claims increased by 4,000 claims to 210,000 in the week to Saturday, meeting market expectations.

Gold prices ignore strong rise in Philly Fed survey, prices holding well above $1,600

(Kitco News) - The gold market remains unfazed holding well above $1,600 an ounce despite a strong jump in sentiment in the manufacturing sector, according to the Philadelphia Federal Reserve.