Gold market to remain in major surplus next year as production grows – report | Kitco News

On the other hand, the consultancy said that the threat of new virus variants, fears of stagflation and negative real rates have all supported holding precious metals. That said, real rates/yields are expected to remain deep in negative territory. “By mid-2022, it will become increasingly clear that a new interest rate hiking cycle is approaching. […]

Labor market tightening; layoffs lowest in nearly 30 years | Kitco News

The upbeat news on the labor market added to strong consumer spending and manufacturing data in suggesting that the economy was accelerating after hitting a speed bump in the third quarter. Initial claims for state unemployment benefits rose 28,000 to a seasonally adjusted 222,000 for the week ended Nov. Also arguing for continued improvement in […]

EU sees ‘decisive moment’ for building single capital market | Kitco News

To keep the project on track, the EU’s executive European Commission proposed establishing a “tape” or record of stock and bond prices, and giving investors free information on companies. Thursday’s proposals make some types of off-exchange or “dark” trading harder, with the aim of funnelling more transactions onto bourses. …Read the full story

Platinum market to see 769K surplus in 2021 but market remains well supported – WPIC | Kitco News

Due to higher processing of stockpiles through the quarter, the report said that platinum supply is expected to rise to a surplus of 769,000 ounces. “It has been a dramatic quarter for platinum to say the least. The supply surplus comes as Anglo-America Platinum has increased production of its platinum stockpile, which was built up […]

Crypto market sells off, is a deeper correction in the cards for Bitcoin and Ethereum? | Kitco News

The correction was all across the board as cryptocurrencies like Solana, Binance Coin, and Cardano all suffered losses. Virtual mining “causes large energy consumption and carbon emission. “In a sign of how different asset classes can be, while I’ve just referred to a 5% gain in gold over a couple of weeks as being very […]

Crypto market sells off, is a deeper correction in the cards for Bitcoin and Ethereum? | Kitco News

The correction was all across the board as cryptocurrencies like Solana, Binance Coin, and Cardano all suffered losses. Virtual mining “causes large energy consumption and carbon emission. “In a sign of how different asset classes can be, while I’ve just referred to a 5% gain in gold over a couple of weeks as being very […]

ESG drives booming carbon credit market to all-time highs | Kitco News

As the 26th UN Climate Change Conference wraps up, ESG is becoming an increasing driver in how companies operate, leading them to buy credits to offset their current carbon emissions as they target sustainable reduction of greenhouse gases. Kambeitz explained why there has been a recent boom in voluntary carbon credits. Similar to the compliance […]