Kitco News

(Kitco News) – Another billionaire has jumped on the gold bandwagon after Sam Zell, the founder of Equity Group Investments, announced on Bloomberg TV that he bought gold for the first time in his life.

Renewed optimism over U.S.-China trade talks has lifted global stocks so far Friday and has hurt gold, says Lukman Otunuga, research analyst at FXTM.

Gold and silver prices are lower and headed toward technically bearish weekly low closes in early U.S. trading Friday.

If the central banks around the world “catch the ‘gold bug’,” and continue to increase their official gold purchases, it could push the precious metal’s prices above $1,400 an ounce by 2020, according to TD Securities.

After living out what would be many people’s dream of playing for the National Football League, Cameron Colvin left the San Francisco 49ers to pursue his dream of being an entrepreneur.

(Kitco News) – A slowdown in the global economy and skittish investor sentiment will continue to push gold prices higher through 2019, said one precious metals analyst.

Gold and silver prices are modestly down in early-afternoon U.S. trading Thursday.

Palladium – described as a tight market for some time now due to robust automotive demand – topped $1,400 an ounce for the first time ever on Thursday.

Leagold Mining Corp. (TSX: LMC) says a feasibility study for expansion of the Los Filos mine in Mexico shows gold production would be 3.3 million ounces over a 10-year mine life at average all-in sustaining costs of $795 an ounce.