Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Oct 23, 2021 Guest(s): Alastair Still CEO of GoldMining With projects based in locations ranging from Alaska to Brazil, GoldMining (NYSE:GLDG, TSX:GOLD) has a large resource totaling 16.2 million ounces in the measured and indicated and 16.2 million ounces in the inferred resource categories.CEO Alastair Still spoke to Kitco on Wednesday.The company also has the means to advance all its projects...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 moderately higher in early U.S. trading Monday, supported by increasingworries about problematic price inflation. More and more economists and veteranmarket watchers are saying the bout...Read More
Portfolio contributions in Q3 doubled quarter-on-quarter and were up by 180% year-on-year at US$23.6 million, beating estimates by analysts at Peel Hunt by 12%.Read More
WASHINGTON (Reuters) - State and local governments distributed nearly $2.8 billion in Emergency Rental Assistance program funds in September, up from about $2.6 billion in August and bringing the year-to-date total to $10.3 billion, the U.S. Treasury said on Monday.The Treasury said some 510,000 American households were helped by the aid to pay rent, utilities and arrears, compared to 459,000 in A...Read More
Here are five Fastmarkets stories you might have missed on Monday October 25 that are worth another look.Import prices for rebar in Singapore continued to rise in the week to October 25 amid a surging ferrous scrap market upstream.A combination of hurdles to a recovery...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) - KEFI (AIM: KEFI), the goldand copper exploration and development company with projects in Ethiopia andSaudi Arabia, announced today that its four employees and contractors inEthiopia were released afte...Read More
(Reuters) - U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets.Tesla Inc rose 4.5% to a record high after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley boosted its price targe...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) - B2Gold (TSX: BTO) announcedMonday that it has entered into a binding agreement with West AfricanResources, pursuant to which B2Gold has agreed to sell to WAF 100% of theissued and outstanding shares of...Read More
Turkish steel mills continued to pay higher prices for deep-sea scrap, with news of a deal for US scrap from Friday pushing up prices on Monday October 25, market participants told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising HMS 1&2 (80:20) at $510 per tonne and shredded at $530 per tonne cfr late on Friday October 22. The cargo composition,...Read More
Oct 25, 2021 Guest(s): Scott Melbye CEO, Uranium Royalty Nuclear energy is seeing a major comeback with the demand for uranium stocks soaring, said Scott Melbye, Uranium Royalty Corp CEO and executive VP of Uranium Energy Corp."Demand for uranium and nuclear generation has responded back to pre-Fukushima levels. We've seen 57 new reactors come online around the world," Melbye told Michelle Makor...Read More
BENGALURU, Oct 25 (Reuters) - The Bank of Canada will raise rates as early as the third quarter of next year, at least three months earlier than previously expected, according to economists polled by Reuters who see a risk that the increase could come even sooner.Just last month economists were almost evenly split on the risk of higher rates; now nearly all are saying sooner rather than later.That...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 and silver have started the week on the front foot. During the Asian session, the price of the yellow metal breached $1800/oz once again but has now settled at $1797/oz. Copper is also looking pos...Read More
Fastmarkets has amended the publication time of its India HMS steel scrap price assessment after a one-month consultation period.After a one-month consultation period, Fastmarkets has amended the publication time for the weekly price assessment for steel scrap HMS 1&2 (80:20 mix) import, cfr Nhava Sheva, India, $/tonne from 4:30pm London time to 4:00pm London time, to better align with the publish...Read More
LONDON (Reuters) - World stocks paused near six-week highs on Monday as investors girded for the busiest week of third quarter earnings in the backdrop of slowing growth, with widening inflation risks from multi-year-high crude oil prices weighing on sentiment.Risky assets have staged a comeback in recent weeks after a torrid September as investors shunned bonds. Allocations to bond markets droppe...Read More
LONDON, Oct 25 (Reuters) - The dollar rebounded off a one-month low on Monday as traders looked ahead to tighter U.S. monetary policy even as they bet on the prospect of interest rate hikes happening earlier outside of the United States.Currency markets were broadly quiet at the start of the week with traders awaiting U.S. growth data and central bank meetings in the euro zone, Japan and Canada.Th...Read More
(Updates prices, adds Tenreyro speech time)LONDON, Oct 25 (Reuters) - Sterling rose slightly on Monday, but analysts said concerns about economic growth and inflation limited the extent to which the British currency benefited from expectations that the Bank of England will raise rates.Money markets are pricing in a rate hike by the central bank at its meeting on Nov. 4.However, data from the UK la...Read More
(Reuters) - The U.S. Federal Trade Commission said on Monday it is restoring its practice of routinely restricting future acquisitions for companies that pursue “anticompetitive mergers."A policy statement put the industry on notice that the agency has restored the practice of prohibiting acquisitive firms from merging again without FTC's prior approval, the FTC said bit.ly/3bcQogt.Reportin...Read More
(Reuters) -Shares in Rogers Communications Inc tumbled more than 6% on Monday as a family feud over the control of the board deepened after rival factions claimed they were in charge of one of Canada's largest telecom companies.Late on Sunday, former Chairman Edward Rogers issued a statement saying he intends to initiate legal proceedings in the British Columbia Supreme Court to confirm the shareh...Read More
While cryptocurrencies have been stealing the headlines recently with record highs amid 'inflation hedge' narratives, commodities have put in a strong performance amid supply chain shocks and unprecedented demand interference (monetary/fiscal policy). As everything from copper to crude and aluminum to zinc has soared, one metal has lagged...But, as Bloomberg reports, two of the biggest n...Read More
WASHINGTON, Oct 25 (Reuters) - The U.S. State Department said on Monday it plans to establish a bureau of cyberspace and digital policy that will be led by a Senate-confirmed ambassador at large, spokesperson Ned Price said.Price told a regular press briefing the new bureau will focus on international cyberspace security, international digital policy and digital freedom.The department would also e...Read More