Gold and silver are trading higher leading into the European open
(Kitco News) - After a decent session on Monday gold and silver are trading higher following the Asian session. The gold price has pushed 0.13% to trade at $1868.22/oz while silver is just over 1% in the black at $28.47/oz.
Petropavlovsk's gold profits soar as third party gold production ramps up
(Kitco News) - Russian gold miner Petropavlovsk PLC (POG:LSE) reported that its full-year underlying profits improved after the Co. produced more gold and benefitted from higher prices, although costs did increase.
JP Morgan think there is more space for commodities to move higher
(Kitco News) - In a research note from last week investment banking giant JP Morgan have stated if inflation continues to surprise to the upside, commodities will serve as a useful hedge for investors.
Gold moves higher and bitcoin tanks leading into the European open
(Kitco News) - Gold has had a decent start to the week and maintained its break above the previous wave high of $1845.44/oz. The yellow metal now trades 0.62% higher at $1853.65/oz. Silver has also had a decent session and trades nearly 1% higher at $27.66/oz.
Gold price will continue to be supported by COVID-19 threat
(Kitco News) - The global economy continues to recover, but the ongoing COVID-19 pandemic remains a threat. It could continue to support gold prices, according to the World Gold Council (WGC).
The ECB remain tight-lipped on tapering
(Kitco News) - The European Central Bank (ECB) has released its latest minutes from the meeting on 10th March 2021. The ECB noted they elected to maintain favorable financing conditions.
Silver could break out of this technical chart pattern
(Kitco News) - Technical analyst Rajan Dhall MSTA looks at the silver futures 1-hour price chart to note the important levels for the rest of the session.
Gold is trading slightly higher leading into the European open
(Kitco News) - Gold moves into the last trading day of the week 0.12% higher overnight at $1829/oz, this comes after some solid gains during Thursday's session. Silver is trading just around flat but above the $27/oz psychological area.
Gold futures price analysis - Big support levels are near to the current price
(Kitco News) - The gold futures price has moved lower in the Asian/EU session and now is resting at an interesting support zone. The level has been used on a few occasions over the last few weeks. Once
The EU commission has upgraded their GDP forecasts
(Kitco News) - The EU commission has raised their economic GDP forecast to 4.3% From 3.8% for 2021. In addition to this, they also raised the 2022 Euro-Area GDP forecast to 4.4% (vs previous 3.8%) and predict Euro Area inflation could reach 1.7% In 2021, 1.3% In 2022.
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