Kitco News

Exchange operator CME Group reports that average daily trading volume in metals set a record high in 2018, growing 12% to 638,000 contracts from 568,000 in 2017.

(Kitco News) – Gold prices remain near its recent six-month highs and in striking distance of $1,300 Thursday after the private sector added more jobs than expected in December, according to the latest data from private-payrolls processor ADP.

After battling some severe headwinds, including a strong U.S. dollar for most of 2018, gold is looking “to take the bull baton from the U.S. dollar and stock market” in the new year, said Bloomberg Intelligence (BI) in its January Commodity Outlook.
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(Kitco News) – Gold prices are modestly up in late-session U.S. trading Wednesday, after scoring a six-month high overnight.

The U.S. saw very weak coin sales for the second year in a row in 2018 despite lower gold and silver prices, according to the latest data released by the U.S. Mint.

(Kitco News) – Gold prices are trading moderately up, near their daily highs and at six-month highs in late-morning action Wednesday, despite a rebound in U.S. stock indexes from strong selling pressure seen overnight.

(Kitco News) – The newly formed Barrick Gold Corp. began trading Wednesday morning with a market capitalization of nearly $24 billion, the company announced.

November was a disappointing month for the precious metals market, with both gold and silver prices struggling not to incur more losses, according to the monthly clearing statistics from the London Bullion Market Association (LBMA).

(Kitco News) – The gold markets is holding on to solid gains as U.S. Manufacturing sector maintains its current growth momentum, according to the latest data from private research firm IHS Markits.