Kitco News

Iran is planning to revitalize its artisanal mining by developing six small-scale gold and copper mines, according to Iran Minerals Production and Supply Company, which is a subsidiary of the state-owned Iranian Mines and Mining Industries Development …

With gold once again seeing some traction on the upside, the yellow metal could be setting up for a late-December rally, said Sprott.

(Kitco News) – Palladium and rhodium continue to be the two shining starts in the precious metals sector, both seeing surging momentum this week due to a growing imbalance in their supply and demand fundamentals.

(Kitco News) – Optimism in the gold market is picking up as prices bounced off critical support to end the week in positive territory.

Fifteen market professionals took part in the Wall Street survey. Nine respondents, or 60%, predicted higher prices by next Friday. There were three votes, or 20%, for both lower and sideways prices.

The Dow Jones Industrial Average traded higher Friday leading the other major indices from an early morning dip

The surplus in the global silver market will rise to 35.3 million ounces in 2018, an increase from 2.4 million in 2017, the GFMS team at Refinitiv reported late Thursday.

Palladium prices hit a record high Thursday and at one point were within $30 an ounce of gold, Commerzbank says, although the spread has since widened again.

Gold prices are slightly higher in early U.S. trading Friday, on some mild support from U.S. stock indexes that are pointed toward lower openings when the New York day session begins.

Bitcoin-U.S. dollar prices are slightly up early Friday after careening to a new low for the year on Wednesday.