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

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 modestly down in early U.S. dealings Wednesday, with silver futures pricesslightly up. The markets are pausing ahead of the conclusion this afternoon ofthis week's FOMC meeting, which i...Read More

"Ontario produces some of the highest-quality maple syrup in the world and we are lucky to have many of those producers right here in Parry Sound," said Norm Miller, MPP for Parry Sound-Muskoka. "As we prepare for the holiday season, remember that locally produced maple syrup not only makes wonderful Christmas gifts, but also stimulates our local economy, creates jobs and strengthens our community...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) - The 4-hour chart below shows that the rally in the gold pricesince late September is stalling. The price recently made a lower high lowerlow formation which could indicate a trend change but this is la...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 weakerin early U.S. trading Wednesday, on a normal corrective pullback after priceshit a two-week high on Tuesday. Bulls are keeping alive a price uptrend on thedaily bar chart....Read More

Share this article TORONTO - Agnico-Eagle Mines Ltd. (AEM-TSX, AEM-NYSE) has released an update on its 2021 exploration program, saying it plans to spent $163 million on exploration this year, marking the highest amount in the company's history.At its operating mines, Agnico expects to replace about 50% of its 2021 reserve depletion (implying about 1.1 million ounces of gross reserve additions),...Read More

Anglo American appointed Duncan Wanblad as chief executive.Wanbald will succeed Mark Cutifani who will retire as chief executive and step down from the board at the AGM after nine years in the role.The company said Wanbald has deep experience operationally at Anglo American. "Duncan Wanblad is the standout and natural successor to Mark Cutifani, bringing his 30 years of international mining experi...Read More

Kenorland Minerals (TSXV: KLD) said today Sumitomo Metal Mining Canada made a $5.2 million investment in Kenorland. Kenorland was up 10% to 78 cents as of 11:43 a.m. ET. Sumitomo purchased 5,211,945 common shares at a price of $1.00 per share for aggregate gross proceeds of $5,211,945. Sumitomo now has 10.1% of the company's outstanding common shares.The company said 80% of funds will be used for...Read More

Europe's domestic prices for heavy plate rose sharply in the week to Wednesday November 3 due to strong demand and surging production costs, sources told Fastmarkets.Energy prices have increased substantially across Europe, adding pressure on steel prices. A number of producers that have long-term agreements for electricity will have to renegotiate new contracts starting in January 2022, sources s...Read More

GLASGOW, Nov 3 (Reuters) - The United States on Wednesday announced its support for a new capital market mechanism that will issue investment-grade bonds and raise significant new finance for scaling clean energy and sustainable infrastructure in emerging economies.Underscoring the urgency of acting to stop global warming, Treasury Secretary Janet Yellen told the COP26 climate conference in the Sc...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) - SSR Mining (NASDAQ: SSRM)(TSX: SSRM) today reported that in Q3 2021, the company produced 186,941 goldequivalent ounces (GEO), an increase of 74% over Q3 2020 (107,556 GEO).According to the company'sst...Read More

Nov 3 (Reuters) - Booking Holdings Inc (BKNG.O) posted a 77% rise in third-quarter revenue on Wednesday, as more people used the online travel agent to book trips after the United States announced it would open borders to vaccinated foreign nationals.Travel searches to the world's largest economy on Booking-owned travel website Kayak surged after the White House said last month it would lift tra...Read More

Steel prices in the United States are poised to continue decreasing at a slow pace in the coming months, Luxembourg-based steelmaker Ternium said on Wednesday November 3.Supply and demand fundamentals have started to normalize in the country, but remain far from balance, according to Ternium chief executive officer M??ximo Vedoya.Among the drivers for lower prices, the CEO cited capacity usage in...Read More

WASHINGTON (Reuters) - Shares were mixed as Treasuries rose on Wednesday after the U.S. Federal Reserve, as expected, approved plans to begin scaling back its bond-buying stimulus program this month and end it by June.The pan-European STOXX 600 index rose 0.35% and MSCI's gauge of stocks across the globe gained 0.14% as investors digested the announcement, taken amid a surge in inflation.U.S. inde...Read More

The mood in the European hot-rolled coil market was upbeat on Wednesday November 3 despite limited trading activity, sources told Fastmarkets.Bullish sentiment was supported by a recovery in domestic demand caused by restocking activity. Further support came from news of an agreement between the United States and the EU to replace Section 232 tariffs on steel and aluminium, imposed on the bloc's 2...Read More

Have you ever heard of the Methane Pioneer?Don't feel bad if you haven't; you're not alone. In fact, I would argue that few people could tell us what it was and even fewer could explain its unique place in history. The Methane Pioneer was a ship that started out as the Marline Hitch way back in July 1945. Only about 215 vessels of this type were built in the years following World War II. It was u...Read More

The price of steel hollow sections in Europe moved down on Wednesday November 3, with the market seeking the floor after recent price drops, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,150- 1,250 ($1,333-1,449) per tonne on Wednesday, down from ?,?1,230-1,275 per tonne one week previous.Market sources hav...Read More

WASHINGTON, Nov 3 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday published new staff guidance that may make it harder for corporations to keep shareholder proposals on matters like workforce diversity or climate from being voted on at annual meetings.The new bulletins replace Trump-era guidance that gave companies more room to toss proposals on hot-button social issues, chang...Read More

Nov 3 (Reuters) - London's FTSE 100 slipped on Wednesday as losses in heavyweight oil stocks and the stronger pound weighed, while traders held back on uncertainty around a potential UK rate hike.The commodity-heavy FTSE 100 index (.FTSE) ended 0.4% lower, recording its worst session in nearly two-weeks, dragged by weakness in oil majors Royal Dutch Shell (RDSa.L) and BP (BP.L).UK's energy su...Read More

The price of steel H-beams in Europe was largely unchanged on Wednesday November 3, with mills hoping for better demand during the month, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?1,010-1,030 ($1,171-1,194) per tonne on Wednesday, unchanged since October 20.One distributor said that the only demand was to meet ur...Read More

Nov 3 (Reuters) - Online brokerage Robinhood Markets Inc (HOOD.O) said on Wednesday it would allow companies issuing shares through its IPO Access platform to set aside some stock for members of the public with ties to the issuers.Directed Share Programs (DSPs), which Robinhood refers to as its "friends and family" offering, allows employees, customers, vendors, or others who have a relationship...Read More