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
Authored by Lance Roberts via RealInvestmentAdvice.com,Market Back To Extreme OverboughtWith earnings season in full swing, stocks continued to push higher this week. Even disappointing earnings from Starbucks, Apple, and Amazon couldn't keep the bulls down much. So far, the earnings season has pretty much aligned with expectations. As noted by FactSet:"Overall, 56% of the companies in the S&P...Read More
"Ontario's fire rangers and support staff demonstrated extraordinary courage and dedication as they overcame the hazards of an unusually hot and dry fire season," said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry, and Minister of Indigenous Affairs. "They have made Ontario proud as they adapted to unprecedented challenges to protect our natural resources,...Read More
Last week may have seen the peak of earnings season with the GAMMA companies (fka as FAAMG) reporting earnings that left quite a bit to be desired, but it gets even busier this week with the Fed's Wednesday taper announcement, Friday's nonfarm payrolls report and a slew of other events taking place in the coming five days.In addition to two very closely watched meetings from the RBA (Tue...Read More
WASHINGTON (Reuters) - A U.S. Treasury Department-led panel is set on Monday to release a hotly-awaited report on stablecoins, a fast-growing type of digital coin pegged to traditional currencies, according to an administration official with knowledge of the matter.The report by the President’s Working Group on Financial Markets will explore the risks and opportunities offered by stablecoins...Read More
Share this article TORONTO - Pedro Resources Ltd. will commence trading on the Canadian Securities Exchange effective at the open of business on Tuesday, Nov. 2, 2021, under the symbol VBN.Pedro is the sole shareholder of Voisey's Bay West Nickel & Cobalt Corp. which owns a 100% interest in 13 prospective mineral licenses, comprising 721 claims (18,025 hectares), 4.5 km south of Vale's Voisey's B...Read More
Share this article TORONTO - Golden Star Resources Inc. [GSC-TSX, GSS-NYSE American, GSR-GSE] said Monday it has agreed to be acquired by Shanghai Stock Exchange-listed Chifeng Jilong Gold Mining Co. Ltd. in a deal worth approximately US$470 million.Under the transaction, Golden Star shareholders will receive US$3.91 per shares (equivalent to $4.85), an amount that represents a 24.1% premium over...Read More
DUBLIN, Nov 1 (Reuters) - U.S. Treasury Secretary Janet Yellen said she expected U.S. tech giants to broadly support the reallocation of taxing rights agreed to by nearly 140 countries as part of a broader deal on global taxes, saying the impact on U.S. companies should be minor.Yellen told Reuters on Sunday the support of the big global players should help foster bipartisan support among U.S. law...Read More
TOKYO, Nov 1 (Reuters) - The dollar traded near a 2 1/2-week high to major peers on Monday as quickening inflation in the United States boosted the case for earlier Federal Reserve interest rate hikes.It approached a 1 1/2-week top to the yen after the safe-haven Japanese currency weakened as a strong showing for the ruling party in weekend elections reduced political uncertainty.The dollar index...Read More
Some coated-steel coil producers in Turkey decreased their prices but demand was weak during the week ending Monday November 1, sources told Fastmarkets.Demand for coated coil was moderate to weak in the country because buyers wanted to see what direction prices would take, sources said.Domestic pricesFastmarkets' weekly price assessment for steel HDG coil domestic, exw Turkey was $1,280-1,35...Read More
DUBLIN, Nov 1 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said she does not think the U.S. economy is overheating and that while inflation is higher than in recent years, it is related to disruption from the COVID-19 pandemic.Data last week showed that U.S. consumer spending increased solidly in September, which together with falling COVID-19 infections and recovering consumer c...Read More
Nov 1 (Reuters) - A possible cyber attack against the healthcare system in the Canadian province of Newfoundland has disrupted services and forced the cancellation of some appointments, health authorities said on Monday.An investigation was under way to understand the nature and extent of the attack, which was detected on Saturday, health minister John Haggie told reporters."This led to progressiv...Read More
The Commonwealth of Independent States' export prices for hot-rolled coil increased during the week ended Monday November 1, but market activity was weak, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $870-880 per tonne on November 1, rising from $850-870 per tonne on October 25.Offers from Ukraine to Turkey were at $900-910...Read More
(Updates prices, adds chart)LONDON, Nov 1 (Reuters) - The pound slipped on Monday, touching its lowest in more than two weeks versus the dollar and euro, pressured by uncertainty over the Bank of England’s policy stance and an escalating post-Brexit spat with France over fish.Robust German and U.S. inflation last week caused an aggressive re-pricing of interest rate bets in those markets.Whi...Read More
The world is currently locked in an arms race that could rival the nuclear race of the 1950s. And it's happening noiselessly, hidden inside laboratories around the world. Nearly every country is funding it but not exactly for the reasons they might say. Some might claim it's for "the good of mankind" or the "steady progress of technology." If you want the truth, I think they're afraid of not bui...Read More
Most flat steel prices continued to increase in Turkey during the week ending Monday November 1, but future price moves remain uncertain because of decreasing prices in China and weak demand in the Turkish local market, sources told Fastmarkets.Hot-rolled coil prices in China have been decreasing, which may affect global prices.Local demand for flat steel was also weak because most buyers placed t...Read More
(Reuters) - BlackRock has hired a senior executive from communications and investor relations firm Joele Frank to lead its investment stewardship team in the Americas, which oversees the asset manager's interactions with hundreds of U.S. companies.John Roe will join as managing director, head of BlackRock Investment Stewardship (BIS), Americas, next week, according to a memo sent to employees on M...Read More
MEXICO CITY, Nov 1 (Reuters) - Mexico's manufacturing sector moved closer to the break even point in October but still contracted for the 20th month in a row, as global supply chain bottlenecks led to raw material shortages, a survey showed on Monday.The IHS Markit Mexico Manufacturing Purchasing Managers' Index rose to 49.3 in October from 48.6 in September, below the 50 threshold that separates...Read More
Nov 1 (Reuters) - Centrist Democratic Senator Kyrsten Sinema and U.S. House of Representatives Speaker Nancy Pelosi spoke over the weekend on the issue of prescription drug prices, CNN reported on Monday.Progressive Senator Bernie Sanders said on Sunday he was working on getting a provision to lower prescription drug prices into the $1.75 trillion social spending bill pending in the U.S. Congress...Read More
Nov 1 (Reuters) - Chinese developer Modern Land (China) said on Monday a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes, and the company withdrew an interim dividend to hold on to cash.The development highlights the impact of China Evergrande here Group, which narrowly averted a costly default, on the rest of the high-yield sect...Read More
Prices in the Commonwealth of Independent States' export long steel market continued to grow in the week to Monday November 1, mainly due to higher offers from Ukraine because the country still has most of its quota allocation available for the fourth quarter in Europe.Meanwhile, Russian suppliers have almost fulfilled up their rebar quota and their wire rod quota has been completely exhausted.&nb...Read More