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(Kitco News) -Gold prices remain under pressure, seeing little reaction to contraction in Philadelphia’s manufacturing sector, according to the latest data from the Philadelphia Federal Reserve.

Newmont Mining Corp. (NYSE: NEM) Thursday reported a slightly higher adjusted profit in the fourth quarter as a rise in production helped offset lower gold prices, plus costs fell.

Gold and silver prices are down in early U.S. trading Thursday, on some profit taking from recent gains and a downside technical correction—both of which are not unexpected.

Bitcoin-U.S. dollar prices are slightly lower in early trading Thursday.

Hecla Mining Co. (NYSE: HL) Thursday reported a fourth-quarter net loss as silver output and the price of metals fell from the same period in 2017.

Gold prices hit a 10-month high this week and the rally is not over, according to Capital Economics, which is projecting that the U.S. economy will disappoint markets this year.

Pan American Silver Corp. (Nasdaq, TSX: PAAS), the world’s second-largest primary silver producer, reported an adjusted loss in the fourth quarter as metals prices and sales fell.

Coeur Mining, Inc. (NYSE: CDE) late Wednesday reported adjusted net income for the fourth quarter of $16.1 million, or 8 cents per share, up from $14.1 million, also 8 cents, in the same quarter of 2017.

Iamgold Corp. (TSX: IMG; NYSE: IAG) late Wednesday reported an adjusted loss for the fourth quarter of $16.1 million, or 3 cents per share, compared to a year-ago adjusted loss of $13.8 million, also 3 cents.

The equities rally we’ve seen in 2019 so far won’t last forever, said Erik Norland, senior economist at the CME Group.