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( Kitco News ) – Gold and silver futures prices are lower in early U.S. trading Wednesday, as global equity markets were mostly up, despite the pandemic that continues to rage in the U.S. and much of Europe. December gold futures were last down $16.50 at $1,868.30 and December Comex silver was last down $0.271 at $24.38 an ounce.

U.S. stock indexes are pointed toward firmer openings when the New York day session begins. The marketplace is presently grappling with the specter of a Covid-19 vaccine coming to the public in the coming months that will likely give economies a strong boost, while at the same time realizing it’s going to be a grim winter as the pandemic […]

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* Curbs tighten in many U.S. Midwest states after virus cases rise * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa (Adds comments, updates prices) By Eileen Soreng Nov 11 (Reuters) – Gold edged up on Wednesday, buoyed by a softer dollar as investors weighed the logistical challenges surrounding the mass roll-out of a potential COVID-19 vaccine, with a surge in new infections boosting bets of further economic support. Spot gold rose 0.1% to $1,878.54 per ounce by 0721 GMT. U.S. gold futures were little changed at $1,876.40. The dollar index was down 0.1%, making gold more attractive to holders of other currencies. "Coronavirus cases continue to rise in U.S. and Europe and we will require further monetary and fiscal measures… In that sense, the overall backdrop for gold has not turned negative," said Harshal Barot, senior research consultant for South Asia at Metals Focus. "But since risk sentiment […]

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UNDERGROUND STOPE GRADE INCREASED BY 23% RELATIVE TO PRIOR QUARTER

STRONG CASH POSITION SUBSEQUENT TO EQUITY FINANCING IN OCTOBER

(In U.S. Dollars unless otherwise stated)

TORONTO, Nov. 18, 2020 /PRNewswire/ – Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) today announced its financial and operating results for the third quarter ended September 30, 2020. Third Quarter Highlights: Produced 15,699 ounces of gold and sold 15,492 ounces of gold Record realized gold price 1 of $1,756 per ounce sold Total cash costs 1 of $1,471 per ounce sold and all-in sustaining costs 1 ("AISC") of $1,617 per ounce sold, both negatively impacted by strengthening of the Australian dollar – AISC impacted by approximately $130 per ounce relative to the second quarter of 2020 Stope grade increased by 23% relative to the second quarter as the Company focuses on higher margin ounces Development […]

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Image Source : PTI Gold falls Rs 357, silver declines Rs 532 Gold prices fell Rs 357 to Rs 50,253 per 10 gram in the national capital on Wednesday on rupee appreciation and muted demand by investors, according to HDFC Securities. The yellow metal had closed at Rs 50,610 per 10 gram in the previous trade. Silver prices also declined Rs 532 to Rs 62,639 per kilogram from Rs 63,171 per kilogram on Tuesday.

"Spot gold prices for 24 karat gold in Delhi fell by Rs 357, pressured by sharp rupee appreciation on central bank interventions despite firm global prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

He added that the rupee was trading around 32 paise stronger against the dollar during the day.

Gold prices were muted as investors turned cautious about safe-haven buying on two positive announcements about COVID-19 vaccines in a month, Patel said."Gold prices are expected to […]

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Following the historic American elections between Joe Biden and Donald Trump, Caviar has designed a Limited Edition smartphone of the iPhone 12 Pro and iPhone 12 Pro Max , dedicated to the two politicians and the power struggle between the Republicans and the Democrats. This addition is called “Sands of Time”, referring to the new era that is ushering in.

Caviar is a Russian company specializing in enriching and decorating Apple and Samsung smartphones with luxurious materials, such as gold, titanium, leather and gemstones. This time the iPhone 12 Pro (Max) is used as the basis. Caviar has provided two bas-relief portraits of President-elect Joe Biden and President Donald Trump on the back of the device. An hourglass indicates that the old era is passing and new hopes and plans are emerging. iPhone 12 Pro Max with golden hourglass

The phone’s cover also features an image of the […]

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Traders added around 3.2K contracts to their open interest positions on Tuesday, in light of advanced figures from CME Group. On the other hand, volume resumed the downside and shrunk by around 70.1K contracts. Gold could slip back to $1,850/oz

Tuesday’s negative price action in gold prices was in tandem with rising open interest, opening the door to further retracements in the short-term. That said, the next support of note emerges at the monthly low at $1,850 per ounce (November 9). Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, […]

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GOLD is still bearish. We can see a strong resistance around 1915 zone and next retracement might be good for sellers. Gold has been rejecting off the 1900 zone quite lot. We should see another drop if the price gets within the POC 1904-1911. Additonally, we can spot a double top / W H3 camarilla pivot at 1916. In case of rejection watch for 1880 followed by 1860 and 1855. Bears are still winning and GOLD can be bullish only if the market moves above 1920 on intraday timeframe. The analysis has been done with the CAMMACD.Core System .

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Elite CurrenSea Training Program(s) should not be treated as a recommendation or a suggestion to buy or sell any security or the suitability of any investment strategy for Student. The purchase, sale, or advice regarding any […]

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(Bloomberg) — Gold fell after Pfizer Inc. announced plans to file for an emergency authorization after a final analysis showed its shot had no significant safety issues. The U.S. drugmaker and partner BioNTech SE said their Covid-19 vaccine was 95% effective, paving the way for them to file for authorization in the U.S. “within days.” Bullion has carved out a trading range below $1,900 an ounce since Pfizer announced an initial readout on the vaccine’s effectiveness last Monday, blunting demand for the haven.

Even with effective vaccines in the pipeline, the U.S. faces an uphill battle to bring the pandemic under control. While states including California and Illinois have extended restrictions to combat rising case numbers, an aid package from Congress could take time. Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer on Tuesday asked Senate Majority Leader Mitch McConnell to resume talks for further fiscal stimulus, though McConnell […]

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Gold has been looking for a new direction after two vaccine efforts published promising results, reducing the need for additional fiscal stimulus. On the other hand, central banks remained cautious and have opened the door to providing monetary relief. The precious metal´s latest moves were mostly triggered by speculation about further funds.

In the meantime, what are XAU/USD charts telling traders?

The Technical Confluences Indicator is showing that critical resistance awaits at $ 1,878 , which is the convergence of the Fibonacci 23.6% one-month and the Fibonacci 23.6% one-week.

Beyond that cap, the next substantial hurdle is at $ 1,891 , which is the meeting point between the Pivot Point one-day Resistance 1 and the Simple Moving Average 50-4h.Some support awaits at $ 1,874 , which is a cluster including the Bollinger Band 15min-Lower, the BB 4h-Lower, the BB 1h-Lowe, and the PP one-day Support 1.The next cushion is $ 1,860 , […]

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Gold possible rejection off the 88.6 zone

GOLD is still bearish. We can see a strong resistance around 1915 zone and next retracement might be good for sellers.

Gold has been rejecting off the 1900 zone quite lot. We should see another drop if the price gets within the POC 1904-1911. Additonally, we can spot a double top / W H3 camarilla pivot at 1916. In case of rejection watch for 1880 followed by 1860 and 1855. Bears are still winning and GOLD can be bullish only if the market moves above 1920 on intraday timeframe. Read more… Gold look for more downside to come

The chart below shows Gold in a complex correction. We are looking for one more push lower below $1800 if we are to continue the overall bull market. Complex corrections are normally time-consuming, the chart below shows we have been in a range since […]

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Bitcoin, the largest digital currency by market value, is on a torrid pace this year, prompting some investors to rue missing out on an incredible run. If a Citi report is even somewhat accurate, there’s still plenty of upside to be had with the cryptocurrency.

In a report calling bitcoin “gold of the 21 st century,” CitiBank MD, and former FX technician, Tom Fitzpatrick , reveals an uber-bullish target in which the digital asset could vault to $318,000 in just over a year.

One of the most often cited knocks against bitcoin is that digital assets are volatile. While the largest cryptocurrency has had its bouts with turbulence, some investors may be surprised to learn bitcoin actually has some favorable volatility statistics.

“Bitcoin move happened in the aftermath of the Great Financial crisis (of 2008) which saw a new change in the monetary regime as we went to ZERO percent interest rates,” […]

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A gold bar is wrapped in a financial newspaper.

GSO Images | Getty Images

Gold prices edged higher on Wednesday as investors weighed the economic impact from the resurgence of Covid-19 globally against optimism over a potential vaccine.

Spot gold rose 0.2% to $1,881.36 per ounce by 0055 GMT, while U.S. gold futures were down 0.3% at $1,878.90. U.S. Federal Reserve Chair Jerome Powell said on Tuesday it was not time to shut down emergency programs aimed at battling the economic fallout from the pandemic and the economy is left with “a long way to go” to recover.U.S. retail sales increased less than expected in October and could slow down further, restrained by surging Covid-19 infections and declining household income as millions of unemployed Americans lose government financial support.More than 55.3 million people have been reported to be infected by the coronavirus worldwide, according to a Reuters tally.Prime Minister Boris Johnson […]

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Golden Minerals plans to truck Rodeo material to its Velardena mill in Mexico Gold And Silver > Gold-and-silver-news

Staff reporter

The company plans to truck material 115km to its Velardena oxide plant, which is leased until November 30 to Hecla Mining.

President and CEO Warren Rehn said receipt of the permits put the company on schedule to start mining in January."We expect to begin delivering gold-bearing material to our Velardena mill early in January and begin processing immediately," he said.Initial capex was put at US$1.5 million for the nine-quarter Rodeo operation, and after-tax NPV8 at $22.5 million, according to an April preliminary economic assessment , which assumed a $1,622/oz gold price and $14.38 for silver.The company said it had updated its internal preliminary projections to apply to the PEA, assuming gold and silver prices of $1,887/oz and $23.73/oz respectively, and the results of the recently completed drilling programme , […]

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Comex Gold Gold futures are drifting sideways to lower for a second session on Wednesday due to optimism over potential COVID-19 and the lack of progress toward a U.S. fiscal stimulus package. Concerns over the economic impact from the resurgence of coronavirus cases in the United States are limiting losses. Furthermore, long-term monetary stimulus from the U.S. Federal Reserve is also underpinning the market.

At 07:20 GMT, December Comex gold is trading $1880.20, down $4.90 or -0.26%.

In other news, Fed Chair Jerome Powell said on Tuesday there is a “long way to go” for the economy to recover and that the central bank is committed to using all its tools to support the recovery for as long as required.

Traders are attempting to hold gold in a range as they wait for a catalyst to drive the next major move.Daily December Comex Gold Daily Swing Chart Technical Analysis The main trend […]

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For the first time since January 2020, the 50-day moving average (green line) crossed below the 100-day moving average (magenta line), illustrated on today’s chart labelled as “C”. This is commonly referred to as a death cross. Most frequently the term is about when the 50dma crosses below the 200dma. However, it can be used as a term to describe whenever a shorter-term moving average moves below a longer-term one. In the middle of January at the start of 2020 is the last time we had these averages cross back (item “A” on the chart) into a bullish alignment, (shorter above longer) when the 50dma moved above the 100dma. This correlation remained for the monumental rally lasting eight months that eventually brought gold to its all-time high. the differential between the two averages remained approximately $60 as they rose in unison for nine straight months. In the last week […]

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Investing.com – Bears who thought of doing “another Pfizer ” on gold have been in for a surprise.

Short sellers who ravaged the yellow metal last week on the blockbuster results of Pfizer’s Covid-19 vaccine trials tried to repeat the stunt Monday when Moderna Inc (NASDAQ: MRNA ) announced even better efficacy from its own coronavirus test shots. Gold did dive on the Moderna news, but rebounded quickly this time, to actually end the day slightly higher — unlike the near 5% plunge on the Pfizer Inc (NYSE: PFE )announcement that prevailed through most of last week.

For context, Moderna said its experimental vaccine was 94.5% effective in preventing COVID-19, versus Pfizer’s 90% efficacy. The Moderna product also needs just regular refrigeration versus the -90 Fahrenheit needed for what Pfizer has developed.

In Tuesday’s trade, U.S. gold futures for December delivery settled down $2.70, up 0.1% at $1,885.10. This was despite rival […]

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Bitcoin is outshining gold by a significant margin in price terms as expectations soar of a swift global economic recovery enabled by promising coronavirus vaccines.

While the top cryptocurrency by market value has risen 22% to cross $17,000 this month, the precious metal is up just 0.5% at the current price of $1,890 per ounce.

The demand for traditional haven assets such as gold has declined this month as two Big Pharma firms, Pfizer and Moderna , announced positive results for their experimental coronavirus vaccines.

The resulting speculation that the global economy may well return to normality as soon as the second half of 2021 has triggered a rotation of money out of defensive assets and into risk assets, according to an outlook from Ole Hansen, head of commodity strategy at Saxo Bank. Bitcoin , too, is considered “digital gold” by many. However, the increased risk appetite in traditional markets and the […]

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Representative image Dhanteras marks the beginning of the festival of lights, and is an auspicious occasion for Indians that brings light and luck to their livelihood. It is also seen as a good occasion to buy Gold as traditionally it is believed that it brings fortune according to Hindu beliefs.

With prices of Gold correcting back from its August peak of Rs 56,200 per 10 grams to current levels of Rs 50,000 levels now with hopes over speedy recovery of struggling economies considering the vaccine round the corner. The Vaccine news has also helped improving investors risk appetite, and hence, the safe haven appeal diminished in the short run causing the prices to come down to current levels and can be used as a buying opportunity as there are many other medium to long term factors that will support Gold prices as we move ahead.

Some of the factors that may […]

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Nov 18 (Reuters) – Gold prices edged higher on Wednesday as investors weighed the economic impact from the resurgence of COVID-19 globally against optimism over a potential vaccine. FUNDAMENTALS * Spot gold rose 0.2% to $1,881.36 per ounce by 0055 GMT, while U.S. gold futures were down 0.3% at $1,878.90. * U.S. Federal Reserve Chair Jerome Powell said on Tuesday it was not time to shut down emergency programs aimed at battling the economic fallout from the pandemic and the economy is left with "a long way to go" to recover. * U.S. retail sales increased less than expected in October and could slow down further, restrained by surging COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support. * More than 55.3 million people have been reported to be infected by the coronavirus worldwide, according to a Reuters tally. * Prime Minister Boris […]

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