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 25 (Reuters) - Sustainable footwear maker Allbirds Inc on Monday set terms for its initial public offering in the United States, saying it is targeting a fully diluted valuation of as much as $2.2 billion. (Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M.) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc....Read More

Insteel Industries credited better margins and strong demand for ending its fiscal 2021 with the best earnings in its history, posting net earnings for its fourth fiscal quarter - ended October 2 - of $25.15 million, up by 238.70% from $7.43 million in the same period a year ago.Sales increased to $171.26 million, up 23.89% from $138.23 million in the fourth quarter of the previous year. The...Read More

(Adds details on 2022, quotes)MADRID, Oct 25 (Reuters) - Relatively high inflation rates are likely to prevail in Spain over coming months although their underlying causes are mainly transitory, Bank of Spain Governor Pablo Hernandez de Cos said on Monday.A surge in energy prices could last through the winter as demand generally increases because of cold weather while oil and gas storage levels ar...Read More

BENGALURU (Reuters) -Indian shares ended mostly unchanged on Monday as losses in auto and information technology stocks were offset by gains in banks, after strong results from ICICI Bank drove other lenders higher.The blue-chip NSE Nifty 50 index ended up 0.06% at 18,125.40, while the benchmark S&P BSE Sensex rose 0.2% to 60,967.05.ICICI Bank rose as much as 14.2% to an all-time high and helped t...Read More

Export prices for reinforcing bar and wire rod originating from the Commonwealth of Independent States surged in the week to Monday October 25, supported by positive market conditions.Firstly, prices from competitive Turkish suppliers increased over the week, supported by growing import scrap and electricity costs in the country.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar...Read More

SHANGHAI, Oct 25 (Reuters) - Corporate China's hedging activities spiked to a new high, according to consultancy data, as the cost of raw materials soared and as China's financial regulators urged local businesses to cope with higher market volatility.The number of China-listed non-financial companies using hedging tools such as futures and options to limit market risks rose to 793 at the end of t...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

(Reuters) - Car rental firm Hertz has ordered 100,000 Tesla Inc cars, Bloomberg News reported on Monday, citing people with knowledge of the matter.This marks the single-largest purchase ever for electric vehicles and represents about $4.2 billion of revenue for Tesla, according to the report.Hertz and Tesla did not immediately respond to Reuters requests for comment.Hertz filed for bankruptcy pro...Read More

Oct 25 (Reuters) - Online content and gaming platform FaZe Clan Inc said on Monday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1 billion.Offerings from FaZe Clan, which was launched in 2010, include online gaming, esports, sports merchandise and digital content that targets millennial and Gen Z consumers. The company said it curr...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

DUBAI, Oct 25 (Reuters) - Credit ratings agency Fitch Ratings indicated on Monday it could cut the ratings of three banks in Qatar, saying it was concerned over the sector's increasing reliance on external funding and a recent rapid growth in assets.Fitch placed Doha Bank, Al Khalij Commercial Bank and Qatar Islamic Bank on "ratings watch negative", meaning it sees a greater potential for a downgr...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

(Reuters) - Sustainable footwear maker Allbirds Inc said on Monday it was targeting a fully diluted valuation of as much as $2.2 billion in its initial public offering in the United States.The company, backed by asset manager Franklin Templeton, said it is offering 19.2 million shares priced between $12 and $14 each, along with the selling stockholders. At the top end of that range, the IPO would...Read More

Rebel Capitalist, Released on 10/25/21George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at t...Read More

TradersChoice.net, Released on 10/25/21Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Co...Read More

CNBC, Released on 10/25/21 (Recorded on 10/22/21)*This interview was recorded on October 22Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year"...Read More

Rice TVx, Released on 10/25/21Lynette Zang talks about our current economic climate. She discusses inflation vs deflation, the purchasing power of the US Dollar, the supply chain, how to prepare, and so much more.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise...Read More

LONDON, Oct 25 (Reuters) - Britain will announce a rise in its minimum wage for those aged 23 and over to 9.50 pounds ($13.06) per hour from 8.91 pounds in the government's budget statement on Wednesday, the BBC said.The Treasury did not immediately respond to a request for comment.($1 = 0.7272 pounds)Reporting by Paul Sandle; editing by William James Disclaimer: The views expressed in this artic...Read More

RT, Released on 10/25/21Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Time...Read More

BENGALURU, Oct 25 (Reuters) - Hitting the Paris Agreement goal of net-zero carbon emissions will require investments in a green transition worth 2%-3% of world output each year until 2050, far less than the economic cost of inaction, according to a Reuters poll of climate economists.Respondents also said such a transition depended on the rich world fulfilling promises to help developing economies,...Read More