U.S. Weekly jobless claims holding steady at 229K
Published: Friday, 01 July 2022 20:00 | 
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| (Kitco News) - The U.S. labor market continues to lose as more American workers than expected filed for first-time unemployment claims.
Calibre receives enviro permit for its high-grade Pavon Central open-pit gold mine in Nicaragua
Published: Friday, 01 July 2022 20:00 | |
| (Kitco News) - Calibre Mining (TSX: CXB) announced today that the company has been granted the key environmental permit for development and production of the Pavon Central open-pit gold mine in Nicaragua.
Gold, silver see solid gains on safe-haven buying amid nervous marketplace
Published: Friday, 01 July 2022 20:00 | |
| (Kitco News) - Gold and silver prices are posting sharp gains in midday U.S. trading Thursday. Safe-haven demand and bargain hunting are featured as marketplace anxiety has upticked, following this week’s moves by major central banks, including a Federal Reserve interest rate hike Wednesday afternoon.
15-20% inflation can happen next; This asset can protect you from the 'inflation monster' - Randy Smallwood
Published: Friday, 01 July 2022 20:00 | |
| (Kitco News) - U.S. inflation is now 8.6 percent. Randy Smallwood, President and CEO of Wheaton Precious Metals, said that "we're just seeing the start of this inflation monster," and suggested that we could see "15-20% inflation rates."
Bill Gates on crypto and NFTs: '100% greater fool theory'
Published: Friday, 01 July 2022 20:00 | |
| (Kitco News) - As crypto investors watched their market dramatically crash this week, Microsoft co-founder Bill Gates compared NFTs (non-fungible tokens) to "greater fool theory." Here's what he meant.