(Kitco News) – The U.S. labor market has defied all expectations in 2024, but sentiment has started to shift as five months of consecutive outperformance come to an end. Heading into the weekend, markets continue to digest the disappointing nonfarm payrolls numbers. The U.S. economy created 175,000 jobs last month, according to the Bureau of
The precious metals company Orla Mining Ltd. (TSX: OLA) significantly expanded its Nevada territory this week by closing its acquisition of Contact Gold and its 4,500-hectare Pony Creek property. The site is right next to Orla’s South Railroad project in the state’s Carlin gold trend. The acquisition also came with the Green Springs property, located
Gold investors and traders witnessed the largest single-day drop in gold futures in over three years on Monday. Gold futures plummeted by $65.60, or 2.73%, marking the steepest decline since February 2021. The catalyst behind this sharp sell-off was Israel’s restrained response to the recent missile and drone attack launched by Iran. Despite the massive
(Kitco News) – Gold’s unprecedented rally in record territory has attracted a lot of attention from fund managers; however, some funds are worried that the precious metal run has gone a little too far. According to Bank of America’s latest Fund Manager Survey, 26% of survey participants said gold is overvalued. According to the survey,
(Kitco News) – After posting dramatic declines late last week and through the weekend, the cryptocurrency market continued its downward trajectory on Monday. Bitcoin (BTC) did manage to hold key support around $62k over the weekend, but after bulls managed to push King Crypto close to $67k by 6 am EDT, they ran out of
In this article, we will take a detailed look at the 12 Best Precious Metals Stocks to Invest in Now. For a quick overview of such stocks, read our article 5 Best Precious Metals Stocks to Invest In Now. Precious metals are in the spotlight amid rising geopolitical tensions in the Middle East and burgeoning demand for gold
(Kitco News) – The gold market is not paying attention to U.S. inflation or U.S. interest rates as investors aren’t worried about opportunity costs in a world with unprecedented geopolitical and economic uncertainty, according to one market strategist. Thursday, in an interview with Kitco News, Kristina Hooper, chief investment strategist at Invesco, said that despite
(Kitco News) – Monday saw the return of bull market momentum for cryptos as Bitcoin (BTC) climbed back above $70,000 while several dozen altcoins recorded double-digit gains, exciting crypto traders and reigniting FOMO for underexposed investors. It was the opposite story for stocks, which fell under pressure at the market open to start the
Photo credit KAZUHIRO NOGI AFP via Getty Images Japan’s Government Pension Investment Fund, one of the world’s largest pension portfolios, has recently shown interest in exploring bitcoin. On March 19, GPIF unveiled plans to devise new long-term investment policies aimed at adapting to the rapid technological changes and shifts within traditional finance. The fund has
©Robert Kiyosaki “Rich Dad” finance guru Robert Kiyosaki often offers advice to his audience on making better investment choices. You might find small examples on your wrist, around your fingers, or dangling from your ears. He’s talking about precious metals — gold and silver specifically. Check Out: 9 Most Valuable American Quarters in CirculationRead Next: