By Peter HobsonLONDON, Nov 8 (Reuters) - The United Arab Emirates will require all gold refineries to undergo annual audits to ensure their suppliers are responsible, it told Reuters, in an effort to combat illicit trading.Industry figures said this should raise standards in the UAE, one of the world's biggest bullion trade hubs, but may also shift flows of gold linked to crime or human rights abu...Read More
ReutersNIAMEY, Nov 8 (Reuters) - At least 18 people were killed on Sunday in an artisanal gold mine collapse in southern Niger, the local mayor said on Monday.The disaster took place in the southern Maradi region, near the border with Nigeria. The death toll is likely to rise, said Adamou Guero, mayor of the commune of Dan Issa."When we arrived at the site yesterday, people were still searching fo...Read More
By Tom WestbrookSYDNEY, Nov 9 (Reuters) - Bitcoin and ether made record peaks in Asia trade on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class.Bitcoin rose as high as $68,564 in Asian afternoon trade and ether , the second-biggest cryptocurrency by market value, earlier hit $4,825.Both have more than doubled since June...Read More
ReutersLONDON, Nov 8 (Reuters) - Bank of England Governor Andrew Bailey said on Monday that the rise of crypto assets was helping illegal activity."I'm afraid that the advent of digital means of payment, and in particular crypto assets, I'm afraid that the evidence suggests, and we see this, is that it is providing another means of payment for people who want to conduct criminal activity," Bailey...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices are higherand hit a record high in early U.S. trading Tuesday. A price uptrend is firmlyin place on the daily bar chart. The Bitcoin bulls have the solid overallnear-term tec...Read More
Mr. Matthew Gili reports I-80 COMPLETES PEA FOR GRANITE CREEK, NEVADAi-80 Gold Corp. has released the results of a preliminary economic assessment (PEA) for the company's Granite Creek project located in Humboldt county, Nevada.The technical report has also been filed with Canadian Securities regulators and can be found at the i-80 website and under the company's profile on SEDAR.Highlights of the...Read More
Nov 9 (Reuters) - The U.S. government will buy another $1 billion worth of the COVID-19 pill made by Merck & Co Inc (MRK.N) and partner Ridgeback Biotherapeutics, the companies said on Tuesday.The government in June agreed to buy 1.7 million courses of molnupiravir for $1.2 billion and is now exercising options to buy 1.4 million more.That brings the total secured courses to 3.1 million and wo...Read More
Nov 9 (Reuters) - The U.S. Federal Reserve looks at a wide range of indicators in gauging how close the economy is to reaching full employment, Fed Chair Jerome Powell said on Tuesday, as he reiterated the benefits of targeting workers who often remain on the sidelines."When we assess whether we are at maximum employment, we purposely look at a wide range of indicators," Powell told a vi...Read More
Nov 9 (Reuters) - When Elon Musk asked his Twitter followers last weekend if he should sell 10% of his Tesla Inc (TSLA.O) stock, he said he was posing the question because "much is made lately of unrealized gains being a means of tax avoidance."Yet the timing of his upcoming stock sale could solve a major tax headache for himself and save Tesla billions of dollars from its own tax bill b...Read More
* U.S. CPI data due on Wednesday* U.S. yields slip, dollar weakensNov 9 (Reuters) - Gold prices held near a two-month high on Tuesday, drawing support from lower U.S. yields in the run-up to data that could shed more light on the U.S. inflation picture.Spot gold inched up 0.05% to $1,825.25 per ounce by 1334 GMT, around $2 shy of its Sept. 7 high. U.S. gold futures for December delivery gained 0.0...Read More
(Reuters) -U.S. stock indexes were set to open mixed on Tuesday after data showed a solid rise in producer prices last month, while General Electric surged on its plan to split into three public companies.Data from the Labor Department showed U.S. producer prices increased sharply in October, indicating that high inflation could persist for a while amid tight supply chains related to the pandemic....Read More
LONDON, Nov 9 (Reuters) - Britain's economy risks stagnation and sticky inflation over the coming years due to persistent supply-chain bottlenecks and headwinds from Brexit, the National Institute of Economic and Social Research (NIESR) think tank warned on Tuesday.Inflation is on course to hit around 5% next year, while Britain's economy looks set to grow by only 1.7% in 2023 and 1.3% in 2024 aft...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are slightly lower in early U.S. trading Monday, on routinedownside corrections after recent gains. The precious metals bulls still have someupside momentum. December gold was las...Read More
FRANKFURT (Reuters) - Euro zone inflation is likely to fall back below 2% late next year but the European Central Bank should prepare for a less benign scenario, avoiding long policy commitments as upside risks dominate, Dutch policymaker Klaas Knot said on Tuesday.Inflation rose above 4% last month, more than twice the ECB's 2% target. But the bank has pushed back on calls for tighter policy, arg...Read More
Nov 9 (Reuters) - General Electric (GE.N) said on Tuesday it would spilt into three public companies, as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a share price battered over several years.The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American busin...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market remains in striking distance of a criticalresistance point but is not seeing much traction following slightly weaker thanexpected wholesale inflation pressures. Tuesday,the U.S. Labor De...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - German ZEW economic sentiment data for November jumped to 31.7 from the previous reading of 22.3. This is also much higher than the economist's expectations of 20.0. Importantly this data point is a&nb...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold is trading pretty much flat leading into the Europen open. The yellow metal is trading at $1823/oz while silver (-0.20%) is holding at $24.37/oz. In the rest of the commodities complex, copper (-0...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 9, 2021 Is gold’s long-awaited surge to $3000 an ounce finally underway?Are all the traffic lights green? Please click here now. Throughout the Western world (and China too), ageing populations need a lot of medical care, and the only government and central bank “solution&r...Read More
Gold Silver (w/ Mike Maloney), Released on 11/9/21"Something is going wrong constantly, there's cracks developing in the system." Join Mike Maloney as he delivers further evidence of something big developing behind the scenes of the Federal Reserve Banking System.Link to article discussed: https://wallstreetonparade.com/2021/10/quietly-the-fed-releasesDownload Mike's best-selling book for free her...Read More