Kitco Newsn

(Kitco News) – Gold prices are trading sharply lower in early U.S. trading Friday, on a downside correction from this week’s solid gains, and ahead of another uncertain weekend that is keeping buyers in many markets sidelined Friday morning.

(Kitco News) – McEwen Mining Inc. (NYSE, TSX: MUX) said Friday that the company intends to come up with steps that will allow its share price to continue trading on the New York Stock Exchange.

(Kitco News) – Bitcoin-U.S. dollar prices are near steady in early U.S. trading Friday, on some more chart consolidation after recent gains.

(Kitco News) – Analysts point out that gold prices are on track for their biggest weekly rise in a dozen years. Around 7:20 a.m. EDT, spot gold was at $1,622.65 an ounce, down $5.15 for the day but well up from $1,496.35 as of last Friday.

(Kitco News) – Nomura Global Economics, which has been downwardly revising its expectations for global economic growth amid the COVID-19 pandemic

(Kitco News) – U.S. weekly initial jobless claims are likely to keep surging after the record high reported Thursday, said Brown Brothers Harriman.

(Kitco News) – Orla is developing the Camino Rojo Oxide Gold Project, an advanced gold and silver open-pit and heap leach project, located in Zacatecas State, Central Mexico.

(Kitco News) – The dislocation businesses and communities are facing staggering. But when COVID-19 restrictions are lifted, Mazumdar said margins for the seniors could see them do quite well.

(Kitco News) – Another bullish gold price update comes from TD Securities, which is now projecting a move to $1,800 an ounce and then a jump to $2,000 near year-end.

(Kitco News) – Major Drilling said it has resources to weather the crisis, but it just drew down a $20 million dollars from its credit facility to ensure access to cash if there is a prolonged slowdown.