(Reuters) - Rising interest rates along with strong job growth has led to more uninsured mortgages and longer tenure of car loans, putting a strain on the lending quality of Canadian banks, Moody’s Investor Service said in a report released on Tuesday.“Almost half of outstanding mortgages will have an interest rate reset within the year, which will increase the strain on households&rsq...Read More
HELSINKI (Reuters) - Finland’s government investment arm has spent about 844 million euros ($1.04 billion) on building a 3.3 percent stake in Nokia (NOKIA.HE) to strengthen national influence over the telecom network gear maker.Nokia ruled the global mobile phone market a decade ago and the collapse of that business was a major cause of a decade of economic stagnation from which Finland is o...Read More
(Reuters) - U.S. stock index futures extended gains on Tuesday after data showed U.S. consumer prices cooled in February, the latest indication that an anticipated pickup in inflation probably will be only gradual.At 8:31 a.m. ET, Dow e-minis 1YMc1 were up 122 points, or 0.48 percent, while S&P 500 e-minis ESc1 were up 14 points, or 0.5 percent. Nasdaq 100 e-minis NQc1 were up 28.25 points, or...Read More
Mr. Mark Kolebaba reportsADAMERA'S SE-01 RESULTS LOW GRADE - DRILL MOVED TO KEY WEST MINE CONDUCTORAdamera Minerals Corp.has provided gold results for the first and second drill holes on the SE-01 VTEM target at its Cooke Mountain project in Washington State. Drill hole HLK18-01 returned elevated gold values up to 0.3 gram per tonne in zones with sulphide mineralization. Drill hole HLK18-02 provid...Read More
Mr. Shawn Wallace reportsAURYN RESOURCES ANNOUNCES US$8.5 MILLION FINANCINGAuryn Resources Inc. has entered into an agreement dated March 13, 2018, with Cantor Fitzgerald Canada Corp. (CFCC), as bookrunner and lead underwriter, on behalf of itself and a syndicate of underwriters, to purchase, on a bought deal basis, 5,230,770 common shares of the company at the price of $1.30 (U.S.) per offered sh...Read More
(Kitco News) - Gold prices are up in early U.S. trading Tuesday, and have erased modest overnightlosses. The just-released U.S. consumer price index report posted numbers thatwere in line with market expectations, which was a relief to those traders andinvestors who were worried about hotter inflation. April Comex gold futureswere last up $4.10 an ounce at $1,325.00. May Comex silver was last up $...Read More
WASHINGTON, (Reuters) - U.S. consumer prices cooled in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual.The Labor Department said its Consumer Price Index rose 0.2 percent last month after jumping 0.5 percent in January. In the 12 months through February, the...Read More
Commerzbank says gold prices may well weaken ahead of ameeting of the Federal Open Market Committee next week. After all, this hasbeen a pattern for the yellow metal, which then tends to rise afterward. A U.S.rate hike is expected at next week’s FOMC meeting, the first to be chaired byJerome Powell. “It was not unusual for gold to experience phases of weaknessahead of a Fed meeting las...Read More
(Kitco News)- Gold prices have turned positive on the day as marketsdigest a steady increase in U.S. inflation pressures.Tuesday, the U.S. Labor Department said its U.S. ConsumerPrice Index rose 0.2% in February, after increasing 0.5% in January. Theincrease was stronger than expected as consensus forecasts were calling for a0.2% increase.For the year, headline inflation increased 2.2%, the report...Read More
Consumer price index, core both rise 0.2% from prior monthAuto prices decline; housing, apparel costs increaseU.S. consumer prices rose 0.2 percent from January matching the median estimate of economists.U.S. consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve’s target without the kind of breakout that would warrant a faster pace of...Read More
For the last few days, gold hastried to catch a bid to go higher, but each time it has failed. Since lastWednesday's high, gold has attempted to rally each day only to close lower.There seems to be a lot of waiting on gold, keeping the metal from breaking outto the upside.Every news event that seemedpositive for the metals has resulted in a failed rally. Prices seem to behovering at the bottom end...Read More
LONDON (Reuters) - Oil rose on Tuesday, after Libya said loadings of crude at a key port had been suspended, offseting an earlier dent to the price caused by evidence of the inexorable growth in U.S. oil output.All loadings at the Libyan oil export port of Zawiya, which exports crude from the 308,000-barrel per day El Sharara field, have stopped due to a strike, a Libyan website said.Brent crude f...Read More
(Reuters) - U.S. President Donald Trump on Monday blocked microchip maker Broadcom Ltd’s(AVGO.O) proposed takeover of Qualcomm Inc(QCOM.O) on national security grounds, ending what would have been the technology industry’s biggest deal ever amid concerns that it would give China the upper hand in mobile communications.The presidential order reflected a calculation that the United State...Read More
STRASBOURG (Reuters) - Speeches made about the future relationship between Britain and the European Union needed to be translated into treaties and agreements as soon as possible, EU Commission President Jean-Claude Juncker said on Tuesday.“It is obvious that we need further clarity from the UK if we are to reach an understanding on our future relationship,” Juncker told a plenary sess...Read More
STRASBOURG (Reuters) - The European Union’s Brexit negotiator Michel Barnier hammered home again on Tuesday that Britain would not retain its current privileges, including on trade, once it leaves the bloc.The EU and Britain are hoping to seal a deal this month on a transition period after Brexit, and start talks on the future relationship this spring.But mounting differences over Britain&rs...Read More
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe and his close ally, Finance Minister Taro Aso, faced growing pressure on Monday over a suspected cover-up of a cronyism scandal that has dogged the premier for more than a year.Copies of documents seen by Reuters showed that references to Abe, his wife and Aso were removed from finance ministry records of the discounted sale of state-owned land...Read More
Mr. Walt Coles Jr. reportsSKEENA ANNOUNCES $6.0 MILLION PRIVATE PLACEMENT FINANCINGSkeena Resources Ltd. has entered into an agreement with a syndicate of agents co-led by PI Financial Corp. and Sprott Capital Partners in connection with a marketed best efforts private placement of up to five million units and up to 4,285,715 flow-through common shares of the company to raise aggregate gross proce...Read More
PARIS (Reuters) - The global economy will see its strongest growth in seven years in 2018 thanks to a rebound in trade and investment, the OECD said on Tuesday, while also warning a trade war could threaten the improved outlook.Updating its outlook for G20 economies, the Organisation for Economic Cooperation and Development raised its global growth forecast for both 2018 and 2019 to 3.9 percent -...Read More
STRASBOURG (Reuters) - The European Commission is expecting to hear from the United States in the coming days how the European Union can avoid U.S. import tariffs on steel and aluminum, Commission President Jean-Claude Juncker said on Tuesday.The EU is seeking to be exempted from planned U.S. import duties of 25 percent on steel and 10 percent on aluminum, but says Washington has not made clear ho...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More