Gold prices due for a correction, silver gets support from both investors and industry

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 53 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 125%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

– Gold appears overbought and due for an imminent correction, while silver is seeing support from both the investment community and industrial demand, according to precious metals analysts at Heraeus. - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. - Monday, April 8—April bitcoin futures prices are higher in early U.S. trading Monday.

- The gold market continues its unstoppable run to record highs as it touches an all-time high of $2,350 an ounce ahead of the weekend.Gold’s 2024 price ceiling is now the floor, silver is approaching ‘sweet spot’ for investors – MKS Pamp – The first quarter of 2024 was all about gold, according to an updated outlook from MKS Pamp. “We were not bullish enough Gold in Q1’24 and were too bullish Silver and Platinum,” the analysts said, “but the relative outperformance between Gold and the white metals should compress in Q2’24 & Q3’24.” - The prevailing optimism in economic forecasts is met with skepticism by some economists who see a high likelihood of recession looming.

As gold set another record high, Canadian mining legends Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada, say the West has lost its power to set the price of gold. Giustra and Lassonde also warn that in the new geopolitical reality of resource nationalism, Canada is failing its economy and citizens.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Price Rally Spurs M&A Activity in Gold Mining IndustryGold price continues to set new all-time highs, with gold equities starting to get in on the action as M&A activity increases, says David Erfle, editor of Junior Miner Junky. On March 27, Alamos Gold (TSX:AGI) said it would acquire Argonaut Gold (TSX:AR), including Argonaut's Magino mine in Ontario. The addition of Magino is expected to increase Alamos' production by 25% and reduce its all-in sustaining costs by $100 per ounce. This acquisition is part of a trend of consolidation in the gold mining industry as companies seek to increase their reserves and reduce costs. The gold price rally and the potential for further increases have made gold mining companies attractive targets for mergers and acquisitions. As a result, we can expect to see more deals like this in the future.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold stocks strongly outperform after gold breakoutsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »