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
Replacing Section 232 tariffs on European aluminium products with tariff-rate quotas will result in even more trade distortions and create additional market instability for companies in both Europe and the United States, the head of industry association European Aluminium has said.The United States and the European Union (EU) reached an agreement over the weekend to replace the 10% tariff on...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) - Bitcoin-U.S. dollar are higherin early U.S. trading Tuesday. Bulls are keeping alive a price uptrend on thedaily bar chart. The Bitcoin bulls have the firm overall near-term technicaladvantage. The pat...Read More
WASHINGTON (Reuters) - The chair of the U.S. Securities and Exchange Commission (SEC)said on Tuesday it will consider new oversight rules for some platforms for trading U.S. Treasuries, in a move aimed at boosting transparency and competition.Gary Gensler said he asked staff to revisit a 2020 proposal issued here under the Trump administration intended to treat electronic trading platforms for c...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 2, 2021 From 2008 to 2020, America’s bankers and government could tell a lot of fabulous “mightiest fiat nation of all time” stories to the citizens, and the citizens believed most of these stories. Please click here now. They believed the stories because Main Street...Read More
(Reuters) -U.S. Treasury Secretary Janet Yellen on Tuesday will push financial institutions to adopt a "greater sense of urgency" about investing in a net-zero economy in meetings with the head of Bank of America and other finance CEOs, Treasury officials said.John Morton, a former private equity adviser and Treasury's first climate counselor, told reporters Yellen would explain new U.S. governmen...Read More
NEW YORK, Nov 2 (Reuters) - Investors are watching everything from bond volatility to inflation measures as they try to gauge how an expected unwind of the U.S. Federal Reserve's easy money policies will reverberate throughout markets.Most market participants believe the Fed will announce the timing of the tapering of its $120 billion per month U.S. government-backed bond buying program at the con...Read More
* Graphic: World FX rates in 2021 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates headline, quotes and news; adds comments)LONDON, Nov 2 (Reuters) - The pound edged lower on Tuesday, hovering around a three-week low, pressured by uncertainty about whether the Bank of England will raise interest rates this week.Sterling rose to a 20-month high ver...Read More
HELSINKI, Nov 2 (Reuters) - Finland's Metso Outotec reported a smaller-than-expected rise in quarterlycore earnings on Tuesday and said sales were hurt by a backlogbuilding up due to supply chain problems. The mining equipment maker's July-September comparableearnings before interest, taxes and amortisation rose to 139million euros from 111 million last year, missing the 151.1million mean estimat...Read More
By Marco AquinoLIMA, Nov 2 (Reuters) - A wave of protests against Peru'skey mining sector is affecting the "country's perception interms of future investments," central bank president JulioVelarde said on Tuesday.Peru, the world's No. 2 copper producer, has seendemonstrators in recent weeks block roads in protests againstmines owned by Glencore , BHP Billiton and MMGLtd.Peru's largest co...Read More
NEW YORK/LONDON, Nov 2 (Reuters) - The dollar rose slightly as the U.S. Federal Reserve prepared on Tuesday to kick off its two-day policy meeting where it was expected to announce the start of tapering of its massive asset purchases put in place at the start of the COVID-19 pandemic.Investors in recent weeks have priced in a wave of tightening from central banks as they bet policymakers are suffi...Read More
WASHINGTON, Nov 1 (Reuters) - A U.S. Treasury Department-led regulatory body called on Monday for Congress to regulate issuers of "stablecoins" like banks and urged financial agencies to assess whether the role of these fast-growing digital assets in the country's payments system posed a systemic risk.The hotly awaited report by the President's Working Group on Financial Markets will likely boost...Read More
HONG KONG, Nov 2 (Reuters) - The posting of an ancient Chinese poem by Tesla (TSLA.O) CEO Elon Musk on social media on Tuesday has driven Chinese internet users to engage in a frenzied debate game over his meaning, with many also praising him for his knowledge of the text.Musk, who is known for his cryptic Twitter posts, wrote in English "Humankind" before posting an abbreviated version of the '...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 prices are modestly down in early U.S. dealings Tuesday, as the marketsare pausing ahead of the U.S. central bank's policy-setting meeting. Decembergold was last down $2.80 at $1,793.1...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) - Agnico Eagle Mines (NYSE:AEM) (TSX: AEM) today announced record exploration spending in 2021, targetinggrowth of the company's mineral reserves and mineral resources at year-end 2021from a record level...Read More
NEW YORK, Nov 2 (Reuters) - Global equity shares scaled a new peak on Tuesday, lifted by rising stocks on Wall Street, and the dollar strengthened as strong earnings drove sentiment while investors await details on the Federal Reserve's decision to taper its massive stimulus.The S&P 500 and Nasdaq stock indexes hit fresh record highs helped by a slew of robust earnings updates, while the STOXX 600...Read More
An overview of the chrome ore and alloy markets and their latest price moves in Asia, Europe and the United States on Tuesday November 2.China Alloy market sentiment strengthened after steel mill Tsingshan increased its November ferro-chrome tender prices by 500 yuan ($78) per tonne month on month. Prices of imported charge chrome rose, with some stainless steel mills needing to secure near-t...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 Mountain Mining (TSXV:GMTN)announced Tuesday that the Ministry of Energy, Mines & Low CarbonInnovation Communications Office hasawarded the company its M-199 Mining Permit for the Elk Gold proje...Read More
Operations at Antamina, Peru's biggest copper mine, have been suspended since last weekend because of a roadblock manned by community protestors, according to a company statement.The statement by Compania Minera Antamina, published on Sunday October 31, stressed its commitment to public safety and clear communication. It said that it feared the possibility of "intolerable criminal offenses" and "c...Read More
Nov 02, 2021 Guest(s): Brien Lundin The Federal Reserve's digital dollar is a "scary" concept because it is all about having direct control over currency and economy, said Brien Lundin, executive editor of the Gold Newsletter and the New Orleans Investment Conference host.As the Federal Reserve prepares to launch a review of a possible central bank digital currency (CBDC) shortly, U.S. citizens...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 2 that are worth another look.Eurofer has welcomed the agreement between the European Union and the United States to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas, the European steel association...Read More