Gold futures finished lower Wednesday, as strength in the U.S. dollar helped prices give up a portion of the gains from a day earlier that had lifted prices to a three-month high. December gold GCZ8, +0.07% fell by $5.70, or 0.5%, to settle at $1,231.10 an ounce. It climbed Tuesday by 1%, to close at $1,236.80 an ounce-the highest for a most-active contract since July 16, according to FactSet dat...Read More
WASHINGTON (Reuters) - The Trump administration and the U.S. defense industry are scrambling to save the few actual deals in the much-touted $110 billion arms package for Saudi Arabia as concerns rise about the role of the Kingdom’s leadership over the death of a prominent critic.President Donald Trump has hedged his criticism of Saudi leaders over the disappearance and death of U.S. residen...Read More
DXC is heading toward its worst day in 17 yearsThe shares of DXC Technology Co (NYSE:DXC) are down 14.9% to trade at $74.10, careening lower after reports the company let go of the leader of its Americas business. DXC is one of the worst stocks on the New York Stock Exchange (NYSE) today and is currently on the short-sale restricted list (SSR), so options traders are piling on. At last check, ne...Read More
Silvia Ascarelli/MarketWatchA sign of tight labor markets in New Jersey. The Fed's snapshot: Wages and prices moved higher in the Federal Reserve's 12 districts through mid-October but not faster than a "modest to moderate" pace, according to the latest Beige Book report released by the central bank on Wednesday. Districts across the country reported tight labor markets. Firms were using "non-wag...Read More
(Kitco News) - Gold prices aremodestly lower in early-afternoon U.S. trading Wednesday, on a normalcorrective pullback after good gains Tuesday that pushed prices to a nearlythree-month high. A strong U.S. dollar on the foreign exchange market was abearish outside market element working against the precious metals bulls today.December gold futures were last down $2.90 an ounce at $1,233.90. Decemb...Read More
BERLIN (Reuters) - Intensive discussions are underway in the German government on how to deal with arms exports to Saudi Arabia that have already been approved but not yet delivered, government spokesman Steffen Seibert said on Wednesday.Chancellor Angela Merkel vowed on Monday to halt all German arms exports to Saudi Arabia until the killing of journalist Jamal Khashoggi is cleared up.Asked wheth...Read More
LONDON (Reuters) - For investors trying to call the end of the bull run for stocks, the headline performance of the world’s equity markets this year may not be telling the whole story.Wall Street’s S&P 500 is up 2.5 percent continuing its longest bull run in history while the MSCI All-Country World Index, a widely watched gauge of world stock market health, has lost just 5 percent...Read More
MOSCOW (Reuters) - Italian Prime Minister Giuseppe Conte said on Wednesday that European Union sanctions against Russia had to come to an end, but declined to say if his government was ready to veto any further rollover of the economic curbs.“It is right to support economic relations between Italy and Russia,” Conte said during a press conference with Russian President Vladimir Putin....Read More
Meet the innovative company crushing the competition.Nothing's hotter than this stock right now.Professional sports franchises and celebrities across the globe are pumped about it. Even Justin Bieber and his group are excited. The next wave of giant sportswear companies is going to be based on this new "tech" apparel industry and its potential to reshape both the apparel and technological landscap...Read More
On a flight to Brasilia last year, Jair Bolsonaro's carry-on bag contained little more than two small chunks of metal mined in Brazil: One was graphene, used in solar cells; the other niobium, which strengthens steel.At the time, he said he hoped to display them in a TV interview, evidence of the promise mining holds for Brazil's struggling economy. While some of the former Army captain's ideas ha...Read More
Gold rallied yesterday, right before its turning point, and reversed its course before the end of the session. Precisely, even before the US session started. Miners reversed as well, after failing to move back above the late-2016 bottom. With the critical situation in the USD Index, and gold miners' short-term underperformance (so far this week gold is up by $8.10, while the HUI Index is down...Read More
Several short sellers could be feeling the heat todayWhile most of the stock market is struggling today, the shares of Clementia Pharmaceuticals Inc (NASDAQ:CMTA) are sitting atop the Nasdaq, skyrocketing on encouraging drug data. Specifically, the firm unveiled upbeat data on its bone disease drug -- which already has "orphan drug," "fast track," and "breakthrough therapy" designations from the F...Read More
* German yields hit day’s low after euro zone PMI data* Euro down half a percent on day* Italian yields rise up to 7 bps* Euro zone periphery gov't bond yields tmsnrt.rs/2ii2Bqr (Updates prices)By Abhinav Ramnarayan and Virginia FurnessLONDON, Oct 24 (Reuters) - The euro fell and the euro zone’s government bond yields dropped on Wednesday after data showed business growth in the sing...Read More
(Kitco News)- While 2018 has not been a positive year for the miningsector, the rumors of its demise are greatly exaggerated, according to onefinancing executive.Chad Williams, president of Red Cloud Klondike StrikeAlthough the sector has struggled to find investmentcapital, the Canadian mining sector continues to dominate deal flow, raisingthe most money out of any other sector in Canada, Chad Wi...Read More
ETSY just received another upgradeWhen we checked in on Etsy Inc (NASDAQ:ETSY) earlier this month, call buying was in vogue, but the activity has slowed down considerably since then. In fact, the e-commerce name's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) has risen to 0.86, up from just 0.52 two w...Read More
NEW YORK (Reuters) - The U.S. dollar strengthened as much as 0.8 percent against the euro on Wednesday to its strongest since Aug. 20 after European data signalled that economic growth could be flagging across the euro zone.Euro zone business growth slowed more than expected this month, a widely watched Purchasing Managers Index (PMI) survey showed. German private-sector growth fell to its lowest...Read More
WASHINGTON (Reuters) - The United States wants perfect clarity on what happened in the death of prominent Saudi journalist Jamal Khashoggi, U.S. Secretary of State Mike Pompeo said in an internal email sent widely to U.S. State Department employees.“We are already seeing steps from Saudi Arabia reflecting serious accountability, but we won’t be satisfied until we get perfect clarity on...Read More
The VC PMI analysis shows that gold enters this week with a bullish sentiment.For gold, take profits if you are long and wait for reversions to the buy 1 (B1) level of $1220 to the buy 2 (B2) level of $1212 to go.The VC PMI analysis shows that silver enters this week with a bullish trend momentum.If the silver market closes below $14.66, it would activate a bearish trend and activate buy 1 (B1) an...Read More
MOSCOW (Reuters) - The United States has yet to decide if it will impose new sanctions on Russia, U.S. President Donald Trump’s National Security Advisor John Bolton said on Wednesday, saying it was in the process of making a decision.Bolton made the comments at a news conference in Baku, the capital of Azerbaijan, according to a transcript of the event provided by the U.S. National Security...Read More
NEW YORK (Reuters) - Stock markets around the world edged lower on Wednesday while U.S. treasuries prices rose as investors favored safer investments amid a range of uncertainties, while the U.S. dollar surged and oil prices steadied after the previous day’s session.Investors have been unnerved by a range of issues in recent days, including some disappointing earnings reports, worries about...Read More