ELKO, Nev., Nov. 11, 2020 /PRNewswire/ — U.S. Gold Corp. (Nasdaq: USAU ) (the "Company"), a gold exploration and development company, is pleased to announce that Mr. Robert W. Schafer and Ms. Tara Gilfillan have been elected to the Board of Directors. Following the recent Annual Shareholder Meeting, George Bee has also been elected as a Board member in addition, to being named the Company’s President & Chief Executive Officer. Edward Karr remains on the Board and active in the company as Executive Chairman. The Honorable Ryan Zinke continues to serve on the Board.

Mr. Schafer is a registered professional geologist with over 35 years international experience exploring for and discovering mineral deposits, four were producing mines including the Briggs (over one million ounces) and Griffon gold mines in the Western United States and Birkachan (over one million ounces) gold mine in far east Russia, and identifying, evaluating and structuring […]

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Did you find the new Apple Watch Series 6 too cheap for your pocket? Well, you probably don’t live in Brazil and don’t know about Apple’s official prices. Regardless, Caviar has prepared a deluxe edition of the smartwatch that can be yours for an additional fee …

The Apple Watch Series 6 Gold Diamond is the first novelty of the jewelry brand, bringing 18k gold and no less than 109 diamonds in its construction. Some say it will be called an eccentric product, but it can be “proud” to be the world’s most expensive smartwatch, costing a whopping US $ 45,080 (R $ 242,000).

Only five of these watches will be produced.

Want something more accessible, but still different? Then the Apple Watch 6 Titanium from Caviar is the perfect choice: finished in one of the strongest metals on the market and a touch of gold, the product also features a crocodile […]

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( Kitco News ) – Copper has been moving lower in the EU session leading into the North American open. The US markets are closed due to a public holiday but that has not stopped the price falling 1.28%.

The green support level at $3.0980 per pound has held firm so far. Beyond that there are two key areas to watch. The mean value area where most contracts have been traded (at $3.07). Below that there is another level near $3.02 that could stem the losses too.

On the topside, the previous wave high is the target for the bulls. $3.2080 is the point at which the bull trend is back on. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor […]

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Believe it or not, the big deal for precious metals this week was not the U.S. Election. It was news that Pfizer and BioNTech’s COVID-19 vaccine was over 90% effective in preventing the virus, and would likely be among the first to receive FDA authorization.

Monday was massively risk-on, with the Dow soaring 4% to a new record high, ten-year treasuries yields shot up almost 17% in a single day as investors dumped bonds, and oil was ahead 8%.

Meanwhile, the U.S. dollar index gained about 60 basis points or 0.65%, while higher-beta currencies jumped.

Gold and silver both sold off quite strongly and stayed near their lower price levels.Naturally, some gold and silver enthusiasts are asking themselves if a vaccine is enough to kill the Covid-19 virus, as well as the precious metals bull market.And based on the initial reaction of these metals, it’s a natural question.So let’s look at the […]

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( Kitco News ) – Once markets get past all the noise, the COVID-19 vaccine is good news for gold, according to TD Securities.

"Vaccine should ultimately be a boon for gold bugs, as the Fed could keep nominal rates capped while inflation expectations could firm further as a result," TD Securities strategists wrote on Wednesday.

The first response to positive vaccine news was a rally in stocks, and bond yields, while the precious metals tumbled down. The reason for that was because markets are beginning to price in the end of the pandemic even though serious questions about the potential vaccine rollout still remained.

"The positive news on the vaccine sent ten-year yields to their highest since the pandemic began. However, the rise in yields has been accompanied by strengthening in equities and tighter credit spreads, keeping financial conditions uber-loose, which raises questions as to why the Fed should intervene," TD’s […]

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New York (CNN Business)Gold prices tumbled on Monday after the Pfizer-BioNTech coronavirus vaccine news sparked a broader market rally . Investors fled safe haven assets like gold, which had surged on worries about the pandemic.

But the price of the gold is still hovering just under $1,900 an ounce — not far from all-time highs above $2,000 earlier this year.

While gold has been volatile, it has benefited from many of the same trends that have lifted bitcoin as well as silver, platinum and other precious metals the past few months. And many analysts are confident gold will just keep on climbing.

The Federal Reserve is likely to keep rates low , even in a Joe Biden administration That will hurt the dollar and make alternative currencies more attractive. Bitcoin surges above $15,000 and is closing in on record More stimulus would bolster the economy, and that could push gold even higher […]

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(Kitco News) – The gold market is once again struggling to find momentum as investors continue to focus on a possible vaccine to eradicate the COVID-19 virus that has devastated lives around the world.

However, one fund manager said that it is still too early to celebrate a potential vaccine, and instead, investors should continue to focus on gold as Democratic nominee Joe Biden continues to solidify his role as president-elect.

William Cai, a partner at Wilshire Phoenix, said that he thinks the election is still a much bigger factor for gold than the announcement that Pfizer and BioNTech have a potential vaccine.

“Our view is that there are still a lot of questions surrounding this vaccine. It has to be kept really cold, so there is a question of how will even be rolled out,” he said. “The news doesn’t change the view on the ground when it comes to the […]

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Gold prices edged lower and are consolidating just above support levels. The veterans day Holiday in the US helped keep trading in the yellow metal light. The 10-year US treasury yield continued to rise increasing slightly. The dollar moved higher putting downward pressure on gold prices. EU officials reached a compromise on their 7-year budget, helping to pave the way for potentially stronger growth.

Trade gold with FXTM Technical analysis

Gold prices edged lower near support levels which coincides with the September lows at 1,848. Resistance is seen near the 10-day moving average at 1,895 and then the 50-day moving average at 1,908. Short-term momentum is negative as the fast stochastic generated a crossover sell signal. The fast stochastic has accelerated lower and is currently printing a reading of 15, below the oversold trigger level of 20 which could foreshadow a correction. Medium-term momentum has turned negative as the MACD […]

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New Delhi | Jagran Business Desk: Diwali is just a few days away and the festivities will begin with the arrival of Dhanteras, which is considered an auspicious day for the purchase of gold, silver and utensils. It is believed buying precious metals on this day may open floodgates of luck and prosperity After a sharp fall in on Monday, Gold and silver prices edged higher on November 12 amid a muted trend in the global market.

The sharp fall in the prices of precious metal was witnessed following the announcement of a successful last stage trial of Covid-19 vaccine by US Pharma major Pfizer. In global markets, spot gold declined about 5% vaccine announcement, its biggest slide since August. The news of a new vaccine trial prompted investors to dump safe-haven bullion and move to riskier assets.

As a result, the yellow metal erased all its gains since the US […]

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Investor Webinar Thursday November 12 at 8:30AM EST

VANCOUVER, BC, Nov. 11, 2020 /PRNewswire/ – KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF ) (" KORE " or the " Company ") announces that drill hole FG-20-377 intercepted 31.3 meters of 3.2 g/t gold, including 14.3 meters of 6.4 g/t gold, starting at 369 meters downhole in the Lower Zone of the FG Gold Project (" Project " or " FG Gold ") in the Cariboo Region of British Columbia. This news release reports assays from drill hole FG-20-377, part of the 15-hole, 5,746 meter summer drill program at FG Gold with assays from 14 additional holes pending.

Highlights Figure 1 – Cross Section Showing Hole FG-20-369, FG-20-371, FG-20-376 and FG-20-377 (CNW Group/Kore Mining) Figure 2 – Long Section of FG Gold Main Zone Showing Lower Zone Intersections and Visible GoldFigure 2 – Long Section of FG Gold Main Zone […]

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(Bloomberg) — Gold declined, wiping out Tuesday’s gains, as the dollar strengthened and defensive shares pushed up equities in Europe.

Bullion rose on Tuesday, after slumping the most in three months the previous day as signs of a vaccine breakthrough hurt haven demand. Optimism over the vaccine that’s helping drive global stock markets higher led Goldman Sachs Group Inc. to boost its price targets for Europe’s main equities gauge and the S&P 500 Index.

A vaccination campaign could begin by spring, U.S. Health and Human Services Secretary Alex Azar said. Still, there are concerns that the pandemic is worsening in some countries. America reported a record number of infections Monday and may go on to hit the most hospitalizations yet later this week. The situation also looks dire in Europe amid rising fatalities in Germany. “The biggest reason for another abrupt drop in gold prices would be more good news on […]

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Gold suffered this deepest single-day decline in the last seven years. Not since June 2013 has gold suffered a decline of this magnitude. The decline is a direct result of announcements made by two pharmaceutical companies, Pfizer and BioNTech which wrapped up stage III trials. The results showed that this vaccine had a 90% efficacy rate. The stage III trial administered the vaccine to 43,000 individuals, and the data concluded that the vaccine is 90% effective in preventing the coronavirus. Dr. Albert Bourla, Chairman and CEO of Pfizer said that “Today is a great day for science and humanity …The first set of results from our Phase 3 Covid-19 vaccine trial provides the initial evidence of our vaccine’s ability to prevent Covid-19.”

In a statement, he also said that the company is “reaching this critical milestone in our vaccine development program at a time when the world needs it most […]

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Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) Oil will significantly outperform gold in the next five years, which is why aggressive investors need to start favoring the former over the latter, according to Goehring & Rozencwajg Associates.

“Oil has never been priced cheaper relative to gold and the underlying trends that have forced the massive divergence between gold and oil are about to be reversed,” said Goehring & Rozencwajg managing partners Leigh Goehring and Adam Rozencwajg. “For aggressive investors, we believe now is the time to continue favoring oil over gold.”

Oil’s plunge this year presents a rare opportunity to get into the space as it has never been so undervalued relative to gold. Only twice in history has oil been similarly cheap — in February […]

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It has been learnt that Turkey has emerged as the world’s largest buyer of gold these days. PHOTO: AFP With a fresh drop of Rs2,500 per tola (11.66 grams) on Tuesday, the gold price has fallen by a total Rs3,900 in the past three successive working days to a 10-day low at Rs112,100 in Pakistan in line with a downward trend in the global market.

“Gold lost around $100 per ounce (31.10 grams) in one-go to $1,877 in the past one-day following the announcement by the global pharmaceutical firm Pfizer that its Covid-19 vaccine has achieved over 90% effective results in the final testing phase,” Rays Commodities former chief operating officer Adnan Agar said while talking to The Express Tribune.

International investors mostly invest in gold during crisis times to avoid deflation in their respective currencies. The much-awaited announcement for the successful Covid-19 vaccine has started to end the global health […]

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share Authored by Nitin Kabadi

The epitaph of gold as a long-term investment option has been written quite often and it has faced intense mockery too from some doyen of the investment world. For instance, now turned optimistic– Warren Buffet had once perceived that gold is a useless metal.

Contrary to the perception of skeptics, Gold has been able to maintain its shine by generating long-term positive returns in both good as well as bad times, in periods of inflation as well as deflation.

Looking back at almost half a century, the prices of gold have risen by an average of 10 percent per year, since 1971, when the iconic treaty of Bretton Woods collapsed where it linked the supply of dollars with the amount of gold in the coffers of the US central bank. In the last twenty years, gold has outperformed all asset classes ranging from the US bond […]

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An Argor-Heraeus SA stamp sits on a 250 gram gold bar in Budapest, Hungary, on March 10, 2016.

Akos Stiller | Bloomberg | Getty Images

Gold prices edged higher on Wednesday, supported by a softer dollar, while concerns about surging Covid-19 cases in the United States and logistical challenges over the mass roll-out of a potential vaccine further bolstered the metal’s appeal.

Spot gold rose 0.3% to $1,882.06 per ounce by 0320 GMT.U.S. gold futures were up 0.2% at $1,880.20.The dollar index was down 0.1% against a basket of currencies, making gold more attractive to other currency holders.“The initial vaccine being proposed isn’t realistic … COVID-19 is still a problem and ultimately there will be further forms of stimulus and this will be positive for gold and negative for the dollar,” said Michael Langford, executive director at corporate advisory and consultancy firm AirGuide. Federal Reserve policymakers said on Tuesday that surging […]

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So far this week, spot Gold prices have been whipsawed across a wide range exceeding $100. On Monday, it hit a near two-month high of $1965.59 before careening down to the $1850 mark, all within the same day. The precious metal dropped by as much as 5.85 percent on Monday, which erased all of Gold’s month-to-date gains, and more, while registering its largest single-day decline since August 11 th .

Despite the latest attempt to claw its way back up, Monday’s drastic drop leaves Gold below its 100-day simple moving average for the time being, with its 50-day moving average threatening to follow suit. For context, so far this year, Gold has not spent more than a week at a time trading below that key technical level, having recovered promptly after breaking below that mark in mid-March and in end-October.

However, with its three-month downtrend proving hard to shake off, and […]

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The Series VIII of the sovereign gold bond (SGB) scheme has come at a tricky time. Gold has given a return of 30 percent over the past two years. But gold prices fell in August and have been subdued since. However, after the Presidential election in the US, gold prices are back in action. In the domestic market, the demand for gold jewellery and bullion is expected increase during the festive season. In the past few years, many investors have started buying gold through the mutual fund and SGB routes. So, are SGBs a good investment option for investors?

What’s on offer

The SGBs will be issued to investors at Rs 5177 per bond. If the investor opts to pay using digital modes, then they get a discount of Rs 50 per bond – the issue price will be Rs 5127 in such cases. The bonds will pay 2.5 […]

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( Kitco News ) – Gold and silver futures prices are moderately lower in early U.S. trading Wednesday. The metals are seeing some selling pressure from upbeat trader/investor risk appetite, evidenced by the rallies in global stock indexes at mid-week. A higher U.S. dollar index on this day is also a negative for the metals. December gold futures were last down $6.00 at $1,870.00 and December Comex silver was last down $0.277 at $24.18 an ounce.

Global stock markets were mixed but mostly up overnight, while U.S. stock indexes are higher ahead of the New York day session. Monday’s news that Pfizer has produced a successful vaccine for Covid-19 has been followed by other firms saying they are […]

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