Kitco News
(Kitco News) – Unfortunately, it has not been a good week for the team at Kitco. We had to say goodbye to one member, who has played an important role in the development and evolution of the company over the last decade.
The post Saying goodbye to Peter Hug appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold attempted to tackle the $1,800 an ounce this week — a level, which once breached, could help get the precious metal above $1,900 an ounce, according to analysts.
The post Can massive bitcoin selloff push gold price above $1,800 next week? appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Kitco ranked the top 10 biggest gold mines in Africa based on reported production in 2020.
The post RANKED: Top 10 biggest gold mines in Africa in 2020 – Kitco appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Uncertainty is starting to creep into the gold market as the price has been unable to break above $1,800 an ounce, according to the latest Kitco News Weekly Gold Survey.
The post Sentiment shifting in gold market as price unable to break above $1,800… for now appeared first on WorldSilverNews.
Silver COT Report
Fri, 04/23/2021 – 15:18
MoneyWeek/Dominic Frisby/4-21-2021
“China has much more gold than it says it does. In fact, China has more gold than the US. Its enormous gold hoards are all part of its grand global reserve currency status designs.”
USAGOLD note: We briefly mentioned China’s under-reporting of gold reserves in a note on Monday It was posted in connection with reports of $8.5 billion in gold (about 150 metric tonnes) that the country would import in April and May. Frisby delves more deeply into the subject at the link above. The United States has 8,133 metric tonnes in its reserves. Frisby estimates China’s real reserves at 14,500 tonnes.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
Visual Capitalist/Niccolo Conte/4-21-2021
Visualization courtesy of VisualCapitalist.com • • • Click to enlarge
“Gold has long been an important hedge in times of uncertainty, and unlike foreign currencies, equities, or debt securities, its value is not dependent on any company or nation’s solvency. This has made gold an essential part of many national central bank reserves, especially as the monetary supply of many nations continues to expand and central banks are exploring digital currencies which could be reserve or gold backed. With gold still making up a large part of many nations’ reserves, how have central banks been managing the precious metal?”
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