U.S. considering 'material changes' to 'Volcker Rule': Fed's QuarlesBy Kitco News For Kitco NewsFollow @kitconewsnownews@kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accu...Read More
German stocks closed higher today following the results of the company's weekend election. On the flip side, shares of the iShares MSCI Italy ETF (EWI) are trading down 0.5% today at $31.36 -- on track to extend their losing streak to a fifth straight session -- after Italy's election resulted in a hung parliament. Put volume has picked up on the exchange-traded fund (ETF) amid this recent retreat...Read More
Per the latest Commitments of Traders (CoT) data, large speculators are now net short silver for the first time in more than three years, according to Schaeffer's Quantitative Analyst Chris Prybal. Perhaps that's because the malleable metal -- as measured by the iShares Silver Trust (SLV) -- just wrapped up its most bullish time of year, historically. Whatever the motive, silver futures tend to u...Read More
Gold prices finished with a loss on Monday, as pressure from a firmer U.S. dollar and gains in the stock market offset earlier haven support from jitters about a potential trade war and uncertainty for the European Union following Italy's divisive election. April gold GCJ8, +0.27% shed $3.50, or 0.3%, to settle at $1,319.90 an ounce after an earlier high near $1,329. The contract has been volatile...Read More
(Reuters) - U.S. stocks swung higher on Monday as fears of a global trade war eased following mounting pressure on President Donald Trump to hold off on his threat to impose hefty tariffs on steel and aluminum imports.The Dow was up 1 percent in early afternoon trading on Monday, after slumping 140 points at open, while all the 11 S&P sectors were higher, led by the information technology inde...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES FURTHER POSITIVE ASSAYS FROM QUEEN SPECIMEN ZONE - INTERSECTS 29.1 M OF 1.25 G/T AU, INCLUDING 4.0 M OF 4.12 G/T AU AT ITS FREMONT GOLD PROJECT California Gold Mining Inc.has released the third set of assay results from the continuing resource drilling program at the Queen Specimen zone at its flagship Fremont project in Mariposa county, California...Read More
WASHINGTON/JERUSALEM (Reuters) - U.S. President Donald Trump said on Monday he might travel to Israel for the opening of the U.S. embassy there as he and Israeli Prime Minister Benjamin Netanyahu presented a united front against Iran in White House talks.Trump’s decision for the United States to recognize Jerusalem as the capital of Israel and move the embassy there from Tel Aviv reversed de...Read More
A renewal of economic concerns has given gold a chance to reverse.Latest U.S. trade policy and rate concerns has increased the safety bid.Just two things are needed to seal the deal for a March gold rally.Just when it looked like gold's support was gone, back comes the safety bid as the fear factor returned last week. Renewed concerns over domestic trade policy and its possible impact on the U.S....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
SEOUL (Reuters) - A South Korean delegation met North Korean leader Kim Jong Un on Monday, a South Korean official said, after arriving in the North on a visit aimed at encouraging North Korea and the United States to talk.Both North Korea and the United States have expressed a willingness to hold talks, but the U.S. position has been that they must be aimed at North Korea’s denuclearization...Read More
BRATISLAVA (Reuters) - Slovak Prime Minister Robert Fico is ready to discuss issues with his two coalition partners following the murder of an investigative journalist, he said on Monday, but fought back against pressure to shake up his cabinet.President Andrej Kiska, in a televised address on Sunday, called either for substantial changes to the government or for early elections to rebuild public...Read More
Silver didn't get the push it needed to outpace the rise in gold last year, as some analysts had expected, but good things come to those who wait. "Many of silver's key drivers that painted a bullish picture last year are still in play for 2018, particularly rising inflationary pressures and a weaker U.S. dollar," says Maxwell Gold, director of investment strategy at ETF Securities. Even so, silve...Read More
Retail earnings are back in full swing, with Target Corporation (NYSE:TGT) set to report fourth-quarter earnings tomorrow morning. Overall, Target stock has had a good year, gaining 30% over the past 12 months,touching an annual high on Jan. 23 of $78.70. Shares of TGT were 0.1% lower to trade at $75.09 at last check, but are maintaining their foothold atop the recently supportive 50-day moving av...Read More
ROME (Reuters) - Former Italian prime minister Matteo Renzi resigned on Monday as leader of the centre-left Democratic Party (PD) after a bruising defeat in a national election.The PD took just under 20 percent of the vote in Sunday’s ballot, its worst result since its creation in 2007, despite presiding over a modest recovery in the euro zone’s third-largest economy.Beaten by the anti...Read More
• USD selling abates and prompts some fresh selling. • Fading safe-haven demand adds to the downward pressure. • Sliding US bond yields help limit further downside. Gold surrendered a major part of its daily gains to multi-day tops and is currently placed in the neutral territory, around $1223 area. Bulls struggled to pres...Read More
Trump ups trade pressure on Canada, Mexico; senior Republicans urge rethink Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purpo...Read More
(Vancouver, 5 March 2018) - British Columbia's mineral and coal exploration industry grew last year for the first time since 2012, according to the second annual British Columbia mineral and coal exploration survey conducted by EY, the Government of British Columbia's Ministry of Energy, Mines & Petroleum Resources (EMPR) and the Association for Mineral Exploration British Columbia (AME).The surve...Read More
Global stocks rise as trade war fears recede; oil rallies By Kitco News For Kitco NewsFollow @kitconewsnownews@kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This...Read More
Drug stock Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is trading up 0.6% today at $171.16 thanks to a price-target hike to $200 from $195 at Maxim. This puts the shares on pace for their second ever close atop $170, the first coming on Feb. 1 when VRTX touched an all-time high of $174.96 after the company's promising earnings release. The equity is now up over 14% on a year-to-date basis, a...Read More
QUALCOMM, Inc. (NASDAQ:QCOM) is in the news today, after a U.S. security panel asked the company to delay tomorrow's annual shareholder meeting in order to review Broadcom's (AVGO) proposed buyout bid. Fellow chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD) is also in focus after Northland Capital assumed coverage with an "outperform" rating and $16 price target, and options volume for both chi...Read More