Kitco Newsn

(Kitco News) – Gold is on the defensive early Tuesday, but nevertheless holdings by gold-backed exchange-traded funds show investors still want exposure to the metal, said Commerzbank analyst Daniel Briesemann.

(Kitco News) – Gold prices are moderately lower in early U.S. futures trading Tuesday, on a corrective pullback after hitting a seven-year high above $1,700.00 Monday.

(Kitco News) – Bitcoin-U.S. dollar prices are higher early Tuesday on a corrective bounce after hitting a two-month low Monday.

(Kitco News) – “My thesis is that M&A is inevitable, whether it is today or tomorrow. I don’t know when. It is just inevitable.”

(Kitco News) – “M&A is here to stay in the mining sector for a while,” he said. “There are a lot of good deals in the marketplace and this action will bring investors back.”

(Kitco News) – Gold is heading higher and will breach $1,700 an ounce but first, it needs to build a base just below that level, according to Bloomberg Intelligence, which describes gold’s move up as a “stair-step rally.”

(Kitco News) – The Federal Reserve’s inter-meeting emergency 50-basis-point interest rate cut last week was a panic move and will continue to support gold prices, said Adrian Day, CEO of Adrian Day Asset Management.

(Kitco News) – Newmont (NYSE:NEM) is reducing its board size from 15 to 11, the company announced today.

(Kitco News) – Magna Gold (TSXV:MGR) said last week it plans to acquire the San Francisco Mine from Timmins GoldCorp Mexico S.A. de C.V.

(Kitco News) – Otis Gold (TSX-V:OOO) announced today it reached an option agreement with Centerra Gold.