Each Friday on the PriceScope Facebook page we celebrate the Jewel of the Week from Show Me the Bling!, one recently posted jewelry piece belonging to a PriceScope member is …
Jewels Of The Week: April 2022 […]
The post Jewels Of The Week: April 2022 appeared first on PriceScope.
Kitco News
(Kitco News) – It hasn’t been a good week for gold as prices dropped below $1,900 an ounce, falling roughly 5% after it was unable to break above $2,000 an ounce.
The post Gold is still putting up a fight as the Fed looks stuck appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Russia is currently in discussions to peg the ruble to gold, according to the Kremlin. But the idea was dismissed by Bank of Russia Governor Elvira Nabiullina following Kremlin’s comments.
The post Kremlin in ‘discussions’ to peg ruble to gold, but Russia’s central bank rejects the idea appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Agnico Eagle CEO Ammar Al-Joundi is confident the company will meet this year’s guidance.
The post ‘Strong quarter by any measure’ – Agnico Eagle’s Ammar Al-Joundi talks Q1 appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Impala Platinum (JSE: IMP, Implats), a leading producer of platinum group metals (PGM), announced Friday that its concentrate production declined by 2% to 768,000 ounces of PGM.
The post Impala Platinum reports production decline in March quarter, says operating landscape remains challenging appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Chaarat (AIM: CGH) said today that in Q1 2022, the company produced 15,266 gold equivalent ounces at its Kapan polymetallic mine in Armenia, which represents a 6.9% decrease on Q1 2021 (16,174 ounces).
The post Chaarat reports gold equivalent production decline in Armenia in Q1, flags inflationary pressures appeared first on WorldSilverNews.
Silver COT Report
Fri, 04/29/2022 – 15:35
Visual Capitalist/Niccolo Conte/4-27-2022
(Click to enlarge)
“Gold and silver have been precious and monetary metals for millennia, with the gold-to-silver ratio having been measured since the days of Ancient Rome. Historically, the ratio between gold and silver played an important role in ensuring coins had their appropriate value, and it remains an important technical metric for metals investors today. This graphic charts 200 years of the gold-to-silver ratio, plotting the pivotal historical events that have shaped its peaks and valleys.…Recently in 2020, the ratio set new highs of more than 123:1, as pandemic fears saw investors pile into gold as a safe-haven asset. While the gold-to-silver ratio has since fallen to roughly 80:1, runaway inflation and a potential recession has put gold in the spotlight again, likely bringing further volatility to this historic ratio.”
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
World Gold Council/Staff/4-28-2022
“ETF inflows came flooding back in Q1 on safe-haven demand and inflation concerns; bar and coin investment, although healthy, failed to match lofty year-earlier levels. Investment demand for gold in Q1 returned to levels that were last seen during the early months of the pandemic in 2020, fuelled by similar drivers: namely, safe haven flows and high/rising gold prices. Heightened geopolitical risk, caused by the invasion of Ukraine, encouraged investment flows, which fed through to a sharp rise in the gold price. Inflation concerns – already supportive for gold investment – were accelerated by the conflict, with data prints showing prices across the globe rising at a multi-decade, if not record, pace. Rising interest rates were, however, a continued headwind and this likely tempered investment inflows to an extent.”
USAGOLD note: Overall investment demand was up 203% over the first quarter of 2021. Gold coins and bullion demand was down 20% from last year’s robust pace.
Chart courtesy of the World Gold Council • • • Click to enlarge
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.