Kitco Newsn

(Kitco News) – Platinum purchases more than doubled in Q1 according to an interview with Weibin Deng, the World Platinum Invdestment Council’s Regional Head, Asia Pacific.

(Kitco News) – ALROSA said Thursday it suspended its Inter underground mine as several employees were tested positive for the coronavirus infection. Operations are expected to be idled for 1-2 weeks.

(Kitco News) – Pure Gold Mining (TSX-V: PGM) said Wednesday that its mine is ready to start production at its Red Lake located in Ontario in Q4 2020.

(Kitco News) – Thailand saw its gold shipments jump 735% on an annual basis in May while overall exports tumbled 22.5% due to the coronavirus outbreak, according to the commerce ministry’s data.

(Kitco News) – Gold prices are modestly lower in midday U.S. trading Thursday, on a routine corrective pullback after pushing to a 7.5-year high of $1,796.10 Wednesday.

(Kitco News) – BMO Capital Markets lowered its forecasts for average prices of platinum group metals during 2020, although the bank looks for a rebound from current prices into year-end.

(Kitco News) – The gold market remains under pressure even after data showed the U.S. economy contracting in the first quarter, in line with expectations.

(Kitco News) – Another 1.48 million Americans filed for first-time jobless claims in the week to Saturday, the Labor Department said Thursday, as the economy continues to feel the effects of COVID-19 pandemic.

(Kitco News) – Gold remained on the defensive after a Commerce Department report Thursday showed that U.S. durable-goods orders rose by 15.8% to $194.4 billion in May. Spot gold was last down $5 to $1,756.30 an ounce.

(Kitco News) – Gold prices are modestly lower in early U.S. trading Thursday, on a routine corrective pullback after pushing to a 7.5-year high of $1,796.10 Wednesday.