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

Nov 2 (Reuters) - More than 140,000 drivers are getting $60 million in tips that were illegally withheld by Amazon (AMZN.O) between 2016 and 2019, the Federal Trade Commission said on Tuesday.Earlier this year, the agency sued the tech giant and its subsidiary, Amazon Logistics, alleging the company failed to fully pay tips that drivers in its Amazon Flex program had earned.Amazon Flex drivers d...Read More

(Updates Nov. 1 story with additional CEO comment in paragraphs 5-6)Nov 1 (Reuters) - One of the largest U.S. diesel retailers is assembling a fuels trading, processing and distribution powerhouse that could turn a truck stop operator part-owned by billionaire Warren Buffett into the Walmart of petroleum.Known best for its Pilot Flying J service stations, Pilot Company has hired veteran energy tra...Read More

WASHINGTON, Nov 2 (Reuters) - The U.S. residential rental vacancy rate dropped further in the third quarter as the economy continued to normalize after severe disruptions caused by the COVID-19 pandemic, potentially indicating that high inflation could last for a while.The Commerce Department said on Tuesday that the rental vacancy rate fell to 5.8% last quarter, the lowest since the second quarte...Read More

* Climate Finance Partnership passes $500 mln target* France, Germany, Japan all invest in novel fund* EM investment a key issue at COP26 climate talks (Adds comments by BlackRock CEO Larry Fink in Glasgow)GLASGOW/BOSTON, Nov 2 (Reuters) - BlackRock Inc told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments...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

We spoke with Mark Hepburn, Managing Director of Castile Resources Limited (ASX: CST) - an Australian mineral exploration company that controls the Rover Mineral Field property, in the Northern Territory. Rover is a polymetallic deposit, with gold and copper, as the key minerals and the key drivers of projected revenue, with byproduct credits from a coal washing, industrial mineral, magnetite, as...Read More

WASHINGTON, Nov 2 (Reuters) - The Federal Aviation Administration said Tuesday it had issued a special information bulletin alerting manufacturers, operators and pilots that action may be needed to address potential interference with sensitive aircraft electronics caused by new 5G telecommunications technology.The FAA has been in discussion with the Federal Communications Commissions about its air...Read More

We spoke with Ingrid Hibbard, President and CEO of Pelangio Exploration Inc. (TSXV: PX; OTC PINK: PGXPF), a gold exploration company, focused on Ghana, West Africa, and Canada. Pelangio announced recently that it has entered into an earn-in agreement, with First Mining Gold Corp. and Gold Canyon Resources Inc., a wholly owned subsidiary of First Mining, on Pelangio's Birch Lake Project, which is a...Read More

WASHINGTON, Nov 2 (Reuters) - Tesla Inc is recalling nearly 12,000 U.S. vehicles sold since 2017 because a communication error may cause a false forward-collision warning or unexpected activation of the emergency brakes, the National Highway Traffic Safety Administration (NHTSA) said Tuesday.The California automaker said the recall of 11,704 Model S, X, 3 and Y vehicles was prompted after a soft...Read More

Russian steel mills have received a glut of orders for November deliveries of flat steel products, with active buying interest among stockists pushing up prices for hot-rolled steel in the country's Central Federal District around Moscow in the week to Monday November 1, sources have told Fastmarkets.The approaching expiry of the temporary export duty of $115 per tonne on hot-rolled (HR) sheet and...Read More

A truck driver and entrepreneur named Malcolm McLean had an idea while sitting all day at a port in New Jersey, waiting to get his truck unloaded so he could get back on the road and make more money. The old way of loading bulk material by sling and stacking it in a cargo bay just wasn't working anymore.However, McLean put his idea on the back burner while he built a trucking company from one truc...Read More

GLASGOW, Nov 1 (Reuters) - Denmark, the United States and 12 other countries on Monday backed a goal to reduce emissions by the global maritime sector to zero by 2050, a target to be fleshed out in negotiations at the United Nations shipping agency.The initiative, led by Denmark and announced on the sidelines of the U.N. COP26 climate summit in Glasgow, Scotland, aims to build support among coun...Read More

(Reuters) - Autonomous delivery vehicle maker Nuro raised $600 million in its latest funding round, the Silicon Valley-based startup said on Tuesday, bringing on board Alphabet Inc's Google as an investor.The funding round, led by Tiger Global Management, lifted Nuro's valuation to $8.6 billion from $5 billion previously, according to a person close to the deal.Toyota Motor Corp's Woven Capital, S...Read More

Flat steel import markets in the United Arab Emirates and Saudi Arabia were slow during the week ended Tuesday November 2 because of uncertainty over the price direction, sources told Fastmarkets.The uncertainty was because of recent price decreases from China, which controls over 50% of the global steel market.On the other hand, strong local demand in the Indian market prompted buyers to expect p...Read More

SHANGHAI (Reuters) - Chinese stock market investors are swapping big tech names for "small giants" and luxury brands for mass market companies, aiming to cash in on President Xi Jinping's "common prosperity" plan for the economy.The intent behind Xi's drive is a narrower gap between the rich and poor in the world's second largest economy.But the first policy moves rattled markets as authorities in...Read More

Rebar and billet prices decreased slightly in the United Arab Emirates because some mills discounted their prices, sources told Fastmarkets on Tuesday November 2.Demand for rebar has improved week on week because prices have now been announced, sources added.Domestic rebarLocal rebar mills announced new prices on October 24.Emirates Steel has been offering rebar at 2,490 dirhams ($678) per tonne e...Read More

LONDON (Reuters) - The end of Britain's furlough programme has not led to a surge in new job-seekers, according to data that suggests unemployment is unlikely to rise sharply and could bolster the case for a Bank of England interest rate hike.Research by recruitment website Indeed, seen by Reuters ahead of publication, shows only a small increase in the proportion of British workers who say they a...Read More

LONDON (Reuters) - Euro zone manufacturing activity remained strong last month but was curtailed by supply chain bottlenecks and logistical problems which sent input costs soaring, a survey showed on Tuesday.Ongoing disruptions caused by the coronavirus pandemic, alongside a shortage of heavy goods vehicle drivers, has caused product shortages and left factories struggling to get the raw materials...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow continued to rise during the week to Monday November 1 on depleted stocks and limited supply from the mills.Fastmarkets' assessment of the price for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 75,000-77,000 roubles ($1,053-1,081) per tonne cpt on Monday, including 20% value-added tax. This was up by...Read More

TOKYO (Reuters) - Japanese policymakers on Tuesday reaffirmed the Bank of Japan's (BOJ) commitment to its 2% inflation target in a meeting held between the central bank chief and the country's economy and finance ministers.The Japanese government and the central bank also agreed to keep in close contact and cooperation, in line with commitments made in a 2013 joint statement, which also laid out t...Read More