News
BMO ups gold, silver forecasts, does not expect 'bad behaviors of the past' from producers
Published: Friday, 29 May 2020 20:00 | 
| 
| (Kitco News) - Loose monetary policy around the world bodes well for precious metals, said BMO Capital Markets Friday in updating its gold and silver forecasts. However, analysts also said they look for gold companies to increase free cash flow and not return to the “bad behaviors of the past.”
Mitsubishi: industrial, ETF demand boost silver prices during May
Published: Friday, 29 May 2020 20:00 | |
| (Kitco News) - Silver prices rose sharply during May as industrial demand picked up and exchange-traded-fund investment was strong, said Mitsubishi.
Commerzbank: 'silver is currently in greater demand than gold'
Published: Friday, 29 May 2020 20:00 | |
| (Kitco News) - Demand for silver has been stronger than gold lately, said Commerzbank analyst Daniel Briesemann. “Silver has recently made good some more ground vis-à-vis gold, as can be seen from the fact that the gold/silver ratio has dipped below 100,” the analyst said.
U.S. April personal spending falls while income rises; core inflation minus 0.4%; gold higher
Published: Friday, 29 May 2020 20:00 | |
| (Kitco News) - Gold remained higher early Friday after a report showed that personal spending by Americans fell by 13.6% in April, while income rose 10.5% and core inflation declined 0.4%. Spot gold was last up $11 to $1,730 an ounce.
Endeavour Silver restarts operations at Mexican mines
Published: Friday, 29 May 2020 20:00 | |
| (Kitco News) - Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) has restarted mining operations at its three silver-gold mines in Mexico, the company announced Thursday.