European PMI's print above analyst expectations

(Kitco News) - Manufacturing data this morning has been strong across the European continent this morning. The two major economic powerhouses (U.K. & Germany) have beaten analyst estimates to record decent readings in expansionary territory. In the Eurozone as a whole, the report was positive but there are still concerns over supply constraints.

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Fitch update its metals price forecasts

(Kitco News) - Fitch Ratings Agency has released its latest report updating its latest mining price assumptions for the future. When speaking about precious metals the report says "Our increased gold price assumptions reflect increased demand due to its ‘safe haven’ investment status"

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JPM settle spoofing lawsuit with $60mln payment

(Kitco News) - Reuters have reported that JPMorgan Chase & Co has agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of manipulating prices of precious metals futures and options.

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