WASHINGTON, Nov 3 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday published new staff guidance that may make it harder for corporations to keep shareholder proposals on matters like workforce diversity or climate from being voted on at annual meetings.The new bulletins replace Trump-era guidance that gave companies more room to toss proposals on hot-button social issues, chang...Read More
NEW YORK (Reuters) - The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove 'transitory" and likely not require a fast rise in interest rates.However, the U.S. central bank nodded to global supply difficulties as adding to inflation risks, saying that those factors 'a...Read More
(Kitco News) Gold pared some of its losses, rising from daily lows as Federal Reserve Chair Jerome Powell talked about inflation uncertainty but stressed that it is "premature to raise rates today.""Inflation has come in higher than expected. Bottlenecks have been more persistent and are on track to persist well into next year. I don't think we are behind the curve. The policy is well-positioned t...Read More
(Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said it is possible the U.S. job market may have improved enough by the middle of next year to be considered at "maximum employment," a key hurdle to clear for the central bank to consider increasing interest rates.Powell, speaking at a press conference after the Fed's latest policy meeting, also said officials did not see "troubling inc...Read More
Nov 3 (Reuters) - London's FTSE 100 slipped on Wednesday as losses in heavyweight oil stocks and the stronger pound weighed, while traders held back on uncertainty around a potential UK rate hike.The commodity-heavy FTSE 100 index (.FTSE) ended 0.4% lower, recording its worst session in nearly two-weeks, dragged by weakness in oil majors Royal Dutch Shell (RDSa.L) and BP (BP.L).UK's energy su...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) - Today, two companiesannounced that they have executed definitive agreements with a subsidiary ofBarrick Gold, whereby they have granted the right to Barrick to earn-in ontheir projects in the prolific...Read More
Nov 3 (Reuters) - Sterling edged up on Wednesday but remained within striking distance of an almost three-week low versus the dollar and the euro ahead of crucial central bank policy meetings in Britain and the United States.Investors expect the Federal Reserve to detail plans to end its bond purchases on Wednesday as policymakers shift their focus towards what to do about a surge in inflation. r...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 'staggering' numbers needed for metal production to meetcoming EV demandTo meet anticipated battery material demand, Sean Thijsse atPallinghurst Group has seen multiples as high as 20-times current...Read More
(Kitco News) - With the advent of blockchain technology, it is now possibleto "tokenize" assets and create digital trading vehicles that trackthe underlying asset.Atomyze is one such company doing exactly that, and thefirst asset class they are tokenizing will be commodities, and in particular,metals.Jeanine Hightower-Sellitto, CEO of Atoymze, discusses withDavid Lin, anchor for Kitco News, how t...Read More
Mr. Michael Bennett reportsALTAMIRA GOLD INTERSECTS DISSEMINATED SULPHIDE MINERALIZATION IN INITIAL DIAMOND DRILL HOLES AT THE APIACAS PROJECTAltamira Gold Corp. has provided an update regarding drilling at the central part of the Mutum target area in the Apiacas project area, which historically produced an estimated one million ounces of placer gold. The project is located within the Alta Florest...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) - Today, Torex Gold Resources(TSX: TXG) reported that the company produced 111,229 ounces of gold in Q32021, a 16% decrease compared to 131,790 ounces produced a year ago.The company said it sold118,989...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 pricesare sharply down in afternoon U.S. dealings Wednesday. This afternoon’s FOMCstatement from the Federal Reserve saw the U.S. central bank announce it willbegin tapering its bond-buying...Read More
Nov 3 (Reuters) - Online brokerage Robinhood Markets Inc (HOOD.O) said on Wednesday it would allow companies issuing shares through its IPO Access platform to set aside some stock for members of the public with ties to the issuers.Directed Share Programs (DSPs), which Robinhood refers to as its "friends and family" offering, allows employees, customers, vendors, or others who have a relationship...Read More
WASHINGTON, Nov 3 (Reuters) - The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove "transitory" and likely not require a fast rise in interest rates.However, the U.S. central bank nodded to global supply difficulties as adding to inflation risks, saying that those f...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 prices are holding steady but remain in negative territory as the Federal Reserve said it will reduce its monthly bond purchases.Markets have widely expected the announcement."In light of the...Read More
Gold bullion1 regained some ground in October, climbing 1.50% for the month. Gold, however, remains underwater at -6.06% YTD through October 31, 2021. Gold mining equities3 also rebounded in October, up 8.15%, but are down 11.35% YTD as of October 31. Silver2 gained ground in October (7.81%) but is down 9.47% YTD. Month of October 2021Indicator10/31/20219/30/2021ChangeMo % ChgYTD % ChgAnalys...Read More
Mr. Bob Willis reportsSUN SUMMIT APPOINTS SHARYN ALEXANDER AS PRESIDENT AND PROVIDES UPDATE ON ITS EXPLORATION DRILL PROGRAM AT BUCKSun Summit Minerals Corp. has provided a corporate update and inform shareholders on drilling progress at its 100-per-cent-controlled Buck property in central British Columbia. Two drill rigs are currently operating on site.HighlightsStrengthens executive team by appo...Read More
(Kitco News) - NFT's are going to revolutionize the way traditional art isdisplayed and sold, pioneering NFT and digital artist Amrita Sethi emphasized. "A traditionalpainted mural is a flat image. It is a two-dimensional image on a wall. The wall isthree-dimensional, but even a wall has a lack of dimensions. The minute you scan the QR code and you playback the augmented reality, it starts to add...Read More
(Reuters) - Cathie Wood's Ark Invest on Wednesday capitalized on a sharp drop in Zillow Group Inc's stock price to scoop up shares of the online real-estate firm, as analysts expressed shock over its move to exit the business of buying and selling homes due to unpredictable prices.Zillow's announcement on Tuesday that it was withdrawing from flipping homes came three years after introducing the Zi...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) - Eros Resources (TSXV: ERC)announced Wednesday that it has received a Water Pollution Control Permit(WPCP) from the Nevada Bureau of Mining Regulation and Reclamation for the BellMountain gold and silve...Read More