Kitco Newsn

(Kitco News) – Almonty Industries arranged $76 million financing with KfW IPEX–Bank GmbH to build Almonty’s Sangdong Mine in South Korea.

(Kitco News) – Bending to the poor lithium market fundamentals, Wesfamer said Thursday it is suspending development of its Mt Holland lithium project until next year.

(Kitco News) – The gold-silver ratio has never stayed this high for long, and it’s only a matter of time before prices normalize, this according to Jeff Clark, senior precious metals analyst of GoldSilver.com.

(Kitco News) – The gold market is struggling to find momentum as it treads water around a critically important technical area; however, sentiment in the marketplace is still significantly bullish among both Main Street investors and Wall Street analysts.

(Kitco News) – Commerzbank is comparing palladium to the mythical Greek figure Icarus, who came so close to the sun that the wax on his wings melted and he crashed.

(Kitco News) – Gold demand tied to the Chinese New Year is being described as “sluggish,” apparently dented by the higher price of the precious metal, a slowing economy in the country and a virus outbreak, most traders and analysts said.

(Kitco News) – Kitco News reports on IHS Markit manufacturing and service sectors indices for January.

(Kitco News) – Holdings of gold by exchange-traded funds have risen by more than 10 tons so far in 2020, said Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares.

(Kitco News) – Gold prices are lower in early U.S. futures trading Friday. The safe-haven metal on this day is being pressured by upbeat trader and investor attitudes to end the trading week, despite the specter of the coronavirus outbreak worsening.

(Kitco News) – Bitcoin-U.S. dollar prices are lower again and hit a two-week low in early U.S. trading Friday.