Gold has unlimited potential in 2024
Kitco News
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3M ago
(Kitco News) - 2023 is quickly coming to a close, which means that Kitco News has launched its annual outlook series. For the last few weeks, the news team has been collecting bank reports, talking to analysts and listening to webinars to get the latest and best information on what investors can expect in the new year ..read more
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Analysts are perfectly neutral on gold, while retail investors see further price gains
Kitco News
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3M ago
(Kitco News) - After trading sideways for the first half of the week, gold got a strong bid on Wednesday after the Federal Reserve's updated rate projections and FOMC Chair Jerome Powell's press conference both indicated that further rate hikes were not being considered and that the central bank saw 75 basis points worth of cuts in 2024 ..read more
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Bitcoin's break below $42,000 sees cryptos slide into the weekend
Kitco News
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3M ago
(Kitco News) - Crypto trended lower to close an eventful and volatile week of trading after Bitcoin breached the $42,000 level of support on Friday morning, leading to a broad selloff across the digital assets sector ..read more
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Top 10 largest copper mining companies in Q3 2023 - report
Kitco News
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3M ago
(Kitco News) - Chile's Codelco was the world's largest copper mining company in Q3 2023 (based on attributable copper tonnes), followed by Freeport-McMoRan and BHP. The top 10 copper producers mined 2,394 ktonnes of copper in Q3 2023, up 4% compared to Q3 2022 (2,294 ktonnes ..read more
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Chilean copper producer Antofagasta acquires 19% stake in Peruvian miner Buenaventura
Kitco News
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3M ago
(Kitco News) - Chile-focused miner Antofagasta (LSE: ANTO), one of the world's senior copper producers, announced today it has acquired beneficial ownership of approximately 19% of the outstanding shares of Peruvian precious and base metals producer Buenaventura (NYSE: BVN ..read more
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Costco sold $100 million in one-ounce gold bars in Q3
Kitco News
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3M ago
(Kitco News) - A new type of gold fever has hit the retail market as Costco can't keep enough of the precious metal on its digital shelves ..read more
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Cryptos slide after Bitcoin breaks through support at 42k
Kitco News
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3M ago
(Kitco News) - Bitcoin (BTC) breached the $42,000 level of support on Friday morning, with the broader crypto ecosystem trending downward as markets approach the end of an eventful and volatile week of trading ..read more
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Gold prices holding steady near resistance at $2,050 as U.S. PMI showed mixed economic health
Kitco News
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3M ago
(Kitco News) - Gold prices are holding on to solid gains for the week, resting resistance just below $2,050 an ounce as diverging activity in the U.S. muddles the economic outlook ..read more
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Copper prices could run as high as $5 per pound in 2024, says Ellis Martin
Kitco News
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3M ago
(Kitco News) - Next year will be a breakout year for copper, said Ellis Martin, founder of The Ellis Martin Report ..read more
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Gold prices dip after New York Fed survey surprises with fall to -14.5 in December
Kitco News
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3M ago
(Kitco News) - Gold prices dipped after the latest data from the New York Federal Reserve showed an unexpected and sharp decline within its region's manufacturing sector last month ..read more
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