The holdings rose by $3.6 billion, or 0.62 percent, from October 30 to November 6. The growth was supported by “positive exchange rate revaluation and higher gold prices,” according to the regulator.

The country’s international reserves are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies, and Special Drawing Right (SDR) assets, which are at the disposal of the Central Bank of Russia and the government. The holdings have surpassed the target level of $500 billion set by the regulator in June 2019 and remained above the threshold ever since.

Despite the impact of the coronavirus pandemic on the country’s economy, forcing the government to increase spending to support businesses and households, Russia has continued to boost its gold and foreign currency reserves this year.

The assets have increased by $31.6 billion over the past ten months, though the pace of growth has slowed since 2019. According to the bank’s […]

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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) – In the third quarter, for the first time in nearly a decade, central banks became net sellers of gold . However, according to a report from Invesco, central banks are expected to maintain a firm grip on their gold reserves.

The international investment firm conducted a central bank survey between August and September as gold prices pushed to an all-time high above $2,000 an ounce.

According to the results survey, participants expect to see that central bank gold reserves will continue to increase during the next 12 months.

At the same time, the survey noted that the COVID-19 pandemic had not impacted central banks’ views on gold . Around 25% of respondents said they view gold as a more […]

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The U.S. reported more than 144,000 new cases for Wednesday, up about 4,000 from the day before, according to data compiled by Johns Hopkins University. The total number of confirmed cases nationwide topped 10.4 million.

Still, the precious metal is off 4.6% so far this week, according to FactSet data, after its worst daily drop in seven years was prompted by news from Pfizer PFE, -0.46% and BioNTech BNTX, -2.93% of an effective coronavirus vaccine.

“Gold has not yet managed to recover after the $100 collapse which followed Pfizer’s vaccine announcement as investors moved to riskier assets,” wrote Carlo Alberto De Casa, chief analyst at ActivTrades in a daily note.

“The bullion price is stagnating at $1,870 without being able to achieve significant and stable recoveries,” the commodity strategist wrote. “The main scenario remains risk on, even if it seems likely that some traders will take home some profits over the next […]

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Veteran commodities trader Larry Williams offers advice for investing in oil and gold. Commodities traders have been bombarded by a constant flow of market-moving news this year, from the U.S.-China trade deal to the pandemic and the U.S. presidential elections. But veteran trader Larry Williams has some sound advice: don’t get sucked in by the news of the day, and focus on the fundamentals.

The commodities market is “influenced largely by supply and demand,” says Williams, author of several books on trading, including Long-Term Secrets to Short-Term Trading . He’s also the developer of the Williams %R , a momentum indicator, which can determine if a market is overbought or oversold, and he runs the website IReallyTrade.com, which offers stock-trading and investing courses.

Williams says you really “need to study fundamentals in these markets to get a longer-term view of them.” In other words, tune out the noise and you’ll get […]

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( Kitco News ) – Gold futures prices are solidly up in midday U.S. trading Thursday. Safe-haven demand is featured late this week as the early-week stock market rallies are now becoming suspect amid the spike in Covid-19 cases in the U.S. and Europe. The precious metals are also seeing some support from a weaker U.S. dollar index on this day. December gold futures were last up $19.60 at $1,881.30 and December Comex silver was last up $0.173 at $24.44 an ounce.

Global stock markets were mixed overnight, while U.S. stock indexes are mixed to lower at midday. The U.S. has seen over 240,000 deaths and more than 10.3 million confirmed Covid-19 infections, with new cases soaring to […]

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Gold prices edged higher and are consolidating just above support levels. The 10-year US treasury yield reversed course as riskier assets such as stocks moved lower. The dollar moved higher but failed to put downward pressure on gold. US CPI was flat and was the tamest it’s been in 2020. US jobless claims continued to move lower.

Trade gold with FXTM Technical analysis

Gold prices edged higher near support levels which coincides with the September lows at 1,848. Resistance is seen near the 10-day moving average at 1,896 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 stopped accelerating lower and is currently printing a reading of 19, below the oversold trigger level of 20 which could foreshadow a correction. Medium-term momentum has turned negative as the MACD (moving average convergence divergence) index generated […]

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Gold futures are trading higher late in the session on Thursday on concern over the logistics of a potential COVID-19 vaccine roll-out as U.S. case continued to surge, while hopes of more fiscal and monetary stimulus offered support to the precious metal.

Gold was generally supported by a plunge in U.S. Treasury yields that drove the U.S. Dollar lower. The drop in the greenback made dollar-denominated gold a more attractive investment.

Daily December Comex Gold Daily Swing Chart Technical Analysis

The main trend is down according to the daily swing chart. A trade through $1848.00 will signal a resumption of the downtrend. The main trend will change to up on a move through $1966.10.The main range is $1690.10 to $2089.20. The market is in a position to close inside its retracement zone at $1889.70 to $1842.60 for the fourth straight session. This tells us that this zone is controlling the near-term […]

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Pre-Diwali Dhanteras sales of gold and silver kicked off on Thursday but overall business is likely to be a muted affair in view of sharp rise in prices and subdued demand due to the COVID-19 induced economic hardship, according to jewellers and industry experts. Although the buying sentiment has improved after the COVID-19 curbs were relaxed, consumers are still wary of investing in precious metal at current high rates, they said.

Jewellers also said they are recycling old jewellery stock to meet the festive and wedding season demand. Besides, a caution still prevails among people while coming out of their homes for shopping amid rising COVID-19 cases in key consuming markets across the country, and consumers in view of the pandemic have made advanced booking through online jewellery platforms, they added.

Dhanteras, considered the most auspicious day in Hindu calendar for buying items, ranging from precious metals like gold and silver […]

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Summary

This Buffett holdings list from Kiplinger first appeared 8/17/20 on line. YCharts and Dogs of The Dow also tracks this Buffett/Berkshire Batch. Here is your update as of 11/10/20.

28 of 44 Berkshire-Hathaway-owned-stocks pay dividends. As of 11/10/20 the top-ten ranged 2.97%-5.25% by annual yield and ranged 21.07%-118.69% per broker-estimated price-target-upsides.

Top ten of 28 Buffett-held dividend stocks ranged 10.77% to 28.76% in net gains calculated from broker targets, plus dividends, less broker fees.$5k invested in the lowest-priced five top-yield Buffett/Berkshire-held November dividend dogs showed 68.48% more net-gain than from $5k invested in all ten. Little low-priced Buffett-collected dogs dominated his November portfolio. Looking for a portfolio of ideas like this one? Members of The Dividend Dog Catcher get exclusive access to our model portfolio. Get started today » Foreword James Brumley says in Kiplinger Investing :"Rich people often get perpetually richer for a reason, so it could be worthwhile […]

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Gold futures continued to drift lower, continuing the sharp decline that traders witnessed on Monday of this week. Although yesterday gold was able to recover slightly gaining $18 off of Monday sharp selloff, today traders took gold pricing back to erase those advances made on Tuesday. As of 4:55 PM EST, the most active December contract is currently fixed at $1863.50 which is a net decline of $12.90 on the day. Considering that gold futures opened at $1956 on Monday, the cumulative damage over the last three days have been almost $100 decline per ounce. A combination of strong U.S. equities (risk-on) performance, dollar strength, and modestly higher bond yields have all dampened the bullish market sentiment in the precious metals. Ever since the first week of August when gold futures reached a new record high price at $2088, gold prices have been steadily forming a series of lower […]

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VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) ("Candente Gold” and/or the “Company”) is pleased to advise that the previously announced (Nov 5 th , 2020) non-brokered private placement (the “Private Placement”) of 4,000,000 common shares (“Shares”) at a price of $0.05 per Share for a total of $200,000 has been fully subscribed.

Joanne Freeze, President and CEO, a control person of Candente Gold Corp., has subscribed for 53.75% of the Private Placement. In addition to Ms. Freeze there are three other subscribers. Closing of the Private Placement is expected to be completed within one week.

The Company intends to use the net proceeds of the Private Placement to advance development of its near term gold production and near surface exploration opportunities while advancing drill targets on the El Oro project, its flagship asset, and for general working capital purposes. The Shares issued pursuant to the […]

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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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( Kitco News ) – Gold futures prices are firmer in early U.S. trading Thursday. The precious metals are seeing some support from a weaker U.S. dollar index on this day and a pause in the global equity markets’ rallies, as traders and investors focus more on the present Covid-19 grim conditions. December gold futures were last up $7.50 at $1,869.10 and December Comex silver was last down $0.002 at $24.265 an ounce.

Global stock markets were mixed overnight, while U.S. stock indexes are also mixed ahead of the New York day session. The U.S. has seen over 240,000 deaths and more than 10.3 million confirmed Covid-19 infections, with new cases soaring to all-time highs of well over […]

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Figure 1

Haidee Target Area 2020 Drilling Program Haidee Target Area 2020 Drilling Program

TORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Reviva l Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth‐focused gold exploration and development company, announces results from an additional five drill holes along with partial results from a sixth drill hole from the Company’s 2020 drilling program on the past-producing Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA.

Five of the six holes released today are infill core holes drilled in the Haidee target area at Beartrack-Arnett. The holes were drilled to confirm projections of resource blocks from the 2020 Mineral Resource estimate (see Technical Report on the Beartrack-Arnett Gold Project, Lemhi County, Idaho, USA dated February 21 st , 2020) and to upgrade resources from the Inferred category to the Indicated category. All five holes intersected near-surface leachable mineralization and mineralized intervals […]

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Aurelia Metals has caught the gold M&A bug and is set to pitch a chunky acquisition and equity raising to investors.

It is understood Aurelia Metals is closing in on NSW-based Dargues Gold Mine and its nearby tenements, which are owned by shareholders and associates of underground mining services contractor PYBAR Mining Services. Aurelia Metals will make about 70 per cent of its earnings from gold should it acquire Dargues Gold Mine as expected. AFR Aurelia Metals is expected to pay $200 million for the mine and tenements, including $176 million cash and $24 million scrip, and fund the deal with an underwritten equity raising.

Investment bank UBS is understood to have started lining up support for the equity raising, which would be done by way of a placement and rights issue.

Aurelia Metals has secured a $65 million commitment from lending banks Investec and BNP Paribas, which would be partly used […]

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The Bellevue Gold Ltd (ASX: BGL) share price is out of form on Thursday and is sinking lower again.

At the time of writing the gold-focused mineral exploration company’s shares are down 6% to $1.32.

This latest decline means the Bellevue Gold share price is now down over 11% since hitting a record high of $1.49 on Monday. Why is the Bellevue Gold share price sinking lower?

Investors have been selling the company’s shares over the last few days after a meaningful pullback in the gold price.This has been driven by news of a potentially effective COVID-19 vaccine being developed by Pfizer, which has given risk sentiment a boost and put pressure on safe haven assets.The impact has been so great that it has overshadowed a positive update by the company this week in relation to its resource estimate at its Bellevue Gold Project in Western Australia.According to the release, the […]

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gold bullion bar Gold prices fell on Monday when news of the Pfizer-BioNTech coronavirus vaccine broke and investors turned their attention — and dollars — to the stock market, but the precious metal hasn’t lost its shine. As of late day Wednesday, gold was valued at $1,866 an ounce, not too far below its all-time highs north of $2,000 earlier this year.

Gold reached a record-smashing high of $2,080 an ounce in early August, spurred by central banks’ monetary easing, which created negative real yields, Citi economists told CNBC. Gold has a tendency to rise when the stock market is volatile, which was the case over the summer when the price of gold surged. Even with an invigorated stock market, some analysts think that gold will remain a hot commodity. Under the imminent Joe Biden presidency, Americans might be able to expect another round of COVID-19 relief stimulus payments , […]

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