Cochilco lowered its average copper price prediction for this year by $0.03 to $2.97 per pound on Thursday in its second negative projection in six months.
Gold prices have been under pressure lately as risk appetite grew in the marketplace.
Jim Rickards' latest book "The New Case for Gold" reveals that the Fed is holding massive amounts of gold at Fort Knox and West Point.
Doug Casey, founder of Casey Research, told Kitco News that he expects prices to move higher next year.
Natixis sees gold prices averaging $990 an ounce in 2016 on expectations for higher U.S. interest rates and strength in the U.S. dollar, the French bank said in a report released Friday.
"Never have I seen an opportunity like I feel is appearing in the market for M&A before, in 30 years."
Goldcorp CEO Chuck Jeannes talks about the company’s Cerro Negro mine in Argentina, which was hit hard by over $2 billion in impairment charges.
Kershaw Mayor Wayne Rhodes smiled with relief this week when he learned that a gold mine proposed for his community had settled differences with an environmental group.
The U.S. Mint plans to sell 2015-dated gold bullion coins beginning Jan. 5 and silver coins a week later, the agency said.
The “spectacular” fail of Switzerland’s gold referendum should help maintain gold’s current down trend, said one market analyst.
Toronto-based explorer Continental Gold is stepping closer to developing a commercial-scale underground gold-silver mine in northwestern Colombia , with at least one analyst cheering on the progress.
The increased mining tax framework included in Zambia's 2015 Budget earlier this month has been subject to criticism as, according to the Chamber of Mines of Zambia (CMZ), it will reduce the country's attraction for mining investment and reduce employment.
Gold futures prices ended the US day session moderately lower Thursday, on some backing and filling on the charts after prices Wednesday hit a five-week high. However, the keen trader and investor anxiety in the world market place did limit selling interest in safe-haven gold.
Kitco’s Silver Fixing price is derived by a unique algorithm that averages the spot price between bid/offer on the wholesale silver market, as quoted by internationally recognized bullion dealers.
It was “never discussed nor are there current or future plans to do so on the board’s agenda.”
Gold-mining stocks were generally considered undervalued during 2012 but that trend is expected to change in 2013 as mining companies are expected to bring down production costs.
Comex gold futures prices ended the U.S. day session moderately higher Thursday. The key outside markets were in a bullish posture for the precious metals—weaker U.S. dollar index and higher crude oil prices. Trading in gold and silver remains ch...
Barclays Capital analysts say the pullback in platinum group metals since winter offers “attractive buying opportunities: "We expect palladium prices to average $700/oz in 2012 and platinum to average $1,622/oz."
This week’s sharp sell-off and China’s weak data have survey participants in the Kitco News Gold Survey split on the direction for prices next week.
Stornoway Diamond Corp. (TSX:SWY) will make it a priority during 2012 to obtain all the permitting and financing needed to get its northern Quebec Renard Project in construction by mid-2013, according to company officials.
During the early months of 2012, the platinum group metals may resemble the fictional-movie boxer Rocky Balboa early in his bouts–taking punches and generally on the defensive, in this case because economic uncertainty means worries about growth in industrial demand for PGMs.
Gold should trade as high as $2,200 an ounce in 2012 and silver should touch $45, Barclays Capital said Thursday in a research note.
Indian gold import data is much lower than expected, according to the Bombay Bullion Association, says Commerzbank, and this could have implications for physical prices. Commerzbank notes that the association says India imported “only” 125 tons of gold in the fourth quarter of 2011, with buyers hampered by a combination of high prices and high domestic interest rates.
Gold is in the bump phase of a seven-year Bump-and-Run Reversal Top pattern which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture which could change the long-term trend of gold.
By Kitco News (Kitco News) - Chinese copper buyers appear “cautious” despite stable consumption within the country, say analysts with Barclays Capital. Price movements may have fallen short of expectations that Chinese buyers would come into the ma...