DUBLIN, March 9 (Reuters) - The European Central Bank isgetting closer to the limit of its current policy and willcommunicate its next steps as it receives more information aboutthe euro zone economy, governing council board member PhilipLane said on Friday."Obviously in the coming meetings we'll have moreinformation. We are getting closer to the limit of our currentpolicy so we will be commu...Read More
U.S. stock futures are signaling a higher open, as investors react to this morning's staggering jobs data. Specifically, the nonfarm payrolls report for February blew past expectations, with the U.S. economy adding 313,000 jobs during the month. The unemployment rate, meanwhile, remained constant at 4.1%, while a 0.1% monthly rise in wage growth fell short of the forecast.Elsewhere, traders are di...Read More
Unionized workers at Antofagasta's (LON:ANTO) Los Pelambres copper mine in Chile voted to strike Friday after rejecting the company's latest offer for a collective labour agreement."Around 99% of the voting workers voted in favour of a legal strike," Federaci??n Minera de Chile treasurer Dino Saltori said in a statement (in Spanish), adding the union has 447 members.The stoppage will be the first...Read More
NEW YORK (Reuters) - Bitcoin dropped below $9,000 on Friday to its lowest level in 3-1/2 weeks on concerns about regulatory clamp down around the world following cases of large thefts of digital currencies.At 8:24 a.m. (1324 GMT), the biggest and best-known virtual currency was last quoted down 4.19 percent at $8,880.10 on Luxembourg-based Bitstamp exchange.Reporting by Richard Leong Disclaimer:...Read More
OTTAWA (Reuters) - The Canadian economy added 15,400 jobs in February after a massive loss in January, thanks to a gain in part-time positions, and the unemployment rate dipped to 5.8 percent, Statistics Canada said on Friday.Analysts in a Reuters poll had forecast employment would increase by 20,000. Canada shed 88,000 positions in January, the most in nine years.February's gains were all in the...Read More
NEW YORK (Reuters) - The dollar briefly fell on Friday against a basket of currencies as average domestic wages grew less than expected in February, paring bets the Federal Reserve would accelerate its pace of interest rate increases to counter price pressure.At 8:38 a.m. (1338 GMT), the index that tracks the greenback versus the euro, yen, sterling and three other currencies, .DXY was up 0.11 per...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
(Kitco News)- The gold market is seeing little movement Friday, following mixed employment data of strongemployment gains but weak wage growth last month.The Bureau of Labor Statistics said 313,000 jobswere created in February. Economists were expecting to see job gains of around200,000. Not only did February job gains beat expectations, strong revisions were reported in December and January. Dece...Read More
Production has begun at Coeur Mining,Inc.’s (NYSE: CDE) Silvertip Mine in British Columbia following thecommissioning of mill operations, the company says. Ramp-up was described asslightly ahead of schedule, with mill throughput expected to steadily increasethroughout the remainder of the year from an estimated 250 tonnes per day inApril to 750 by year-end. “Ramp-up of milling rates an...Read More
* Spot gold on track for over 1 pct weekly decline* India offers up to $3 an ounce discount* Akshaya Tritya festival next month seen reigniting demand* China premiums drop to $6-$8/oz from $8-10 last weekBy Rajendra Jadhav and Sethuraman N RMUMBAI/BENGALURU, March 9 (Reuters) - Gold was sold at a discount in India as demand remained subdued for a fourth straight week while buying in the rest of As...Read More
SEOUL/WASHINGTON (Reuters) - U.S. President Donald Trump said he was prepared to meet North Korea’s Kim Jong Un in what would be the first face-to-face encounter between leaders from the two countries and could mark a breakthrough in a standoff over the North’s nuclear weapons.Kim had “committed to denuclearization” and to suspending nuclear and missile tests, South Korea&r...Read More
BRUSSELS/SHANGHAI/TOKYO (Reuters) - From Japan and South Korea to Australia and Europe, officials lined up on Friday to seek exemptions from President Donald Trump’s tariffs on U.S. steel and aluminum imports, while Chinese producers called on Beijing to retaliate in kind.Tokyo and Brussels rejected any suggestion that their exports to the United States threatened its national security - Tru...Read More
WASHINGTON/SHANGHAI (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk took to Twitter on Thursday to call on U.S. President Donald Trump to challenge China’s auto trade rules, which limit foreign ownership of Chinese ventures and impose steep tariffs on imported cars.In a series of tweets aimed at the president, Musk said he was “against import duties in general, but the current...Read More
NEW YORK (Reuters) - President Donald Trump’s announcement of import tariffs, and the prospect of retaliation by other countries, is prompting some fund managers to pare their holdings of U.S. stocks and look for opportunities overseas.The high turnover of key staff in the White House, including the exit of Gary Cohn, the director of the National Economic Council this week is undermining con...Read More
(Reuters) - Broadcom Ltd said in a letter to U.S. Congress on Friday that it will not sell any critical national security assets to any foreign companies if its $117 billion deal to buy chipmaker Qualcomm Inc is approved.U.S. Republican lawmakers on Monday backed a U.S. panel’s decision to delay Qualcomm’s shareholder meeting to allow for a more extensive review of Broadcom’s tak...Read More
(Reuters) - U.S. stock index futures were flat on Friday as investors refrained from making big bets ahead of a key jobs data, a day after President Donald Trump’s softened stance on trade tariffs helped markets close higher.Worries that Trump’s tariffs on steel and aluminum could ignite a global trade war had roiled markets since last Thursday, with the exit of chief economic adviser...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
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Market...Read More
Mr. Joseph Campbell reportsTERRAX WINTER DRILLING EXTENDS SAM OTTO ZONE WITH 1.5 KM STEP-OUT HOLE, CONFIRMING A 2.2 KM LONG MINERALIZED ZONE OPEN ALONG STRIKE AND AT DEPTHTerrax Minerals Inc. has released assay results from the first five holes (2,003 metres) of its 2018 winter drill program now under way on the Yellowknife City gold project.Two of these holes (688 metres) tested the Sam Otto Sout...Read More
MOSCOW, March 9 (Reuters) - Russian aluminium producer Rusal said on Friday its aluminium poses no threat to U.S.firms as its products are "not produced in sufficient quantity"by U.S.-based producers."Imports will continue, especially in those segments whichare in deficit of supply," Rusal said in a reply to a request byReuters.Rusal, which said that over 10 percent of its tota...Read More