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

NEW YORK and ABU DHABI (Reuters) - One of General Electric Co’s (GE.N) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co 5110.SE has qualified at least two companies to provide service or parts for some of its more than 50 GE-...Read More

Investors should be looking toward commodities as tensions with Iran and other nations heat up.Over the weekend, Iranian President Hassan Rouhani threatened the Trump administration over sanctions against Tehran. Rouhani warned:Mr. Trump, don't play with the lion's tail, this would only lead to regret...America should know that peace with Iran is the mother of all peace, and war with Iran is the m...Read More

LONDON (Reuters) - A revamped Bank of England payments system should be able to hook up with fintech firms using distributed ledger technology (DLT), the central bank said on Monday in a boost to the development of blockchain in Britain.The BoE is aiming to revamp the system that underpins British banking and trading in the City of London by 2020 to strengthen defenses against cyber-attacks and wi...Read More

KINETA, Greece (Reuters) - Forest fires raged uncontrolled in several places across Greece on Monday, destroying homes, disrupting major transport links and sending people fleeing for their lives.Greek authorities urged residents of a coastal region near Athens to abandon their homes as a wildfire burned ferociously, closing one of Greece’s busiest motorways, halting train links and sending...Read More

The price of Turkish domestic auto bundle scrap has been steady over the past week while the price of ship scrap has risen slightly because of improved demand from a steel mill in the Izmir region, sources said on Monday July 23....Read More

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.5% on the morning of Monday July 23. Gains were ranged between 0.1% for aluminium and 1.2% for zinc, with copper up by 0.3% at $6,172 per tonne.Volume has been above average with 10,555 lots traded across the complex as at 7.49am London time. This follows a strong performance by the LME base met...Read More

WASHINGTON (Reuters) - The Trump administration is expected to propose revoking California’s ability to set state vehicle emissions rules and mandate electric vehicles as early as later this week, a government official briefed on the matter said.The U.S. Transportation Department and Environmental Protection Agency are expected to unveil a proposed regulation that recommends freezing vehicle...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN Index appeared to run out of gas and, after stalling at 1308-1311, the Index rolled over and shed 25.82 points or nearly 2%, on its way to close at 1282.96.Our short-term momentum indicator RSI tumbled 14.66 points to 38.97. Our long-term momentum indicator MACD sl...Read More

PUERTO VALLARTA, Mexico (Reuters) - There is scope to revive efforts to rework the North American Free Trade Agreement (NAFTA) when trade ministers from Mexico and the United States meet this week, a top Mexican official said on Monday.“There’s clearly a window of opportunity to be able to bed down a series of open issues which are not numerous, but which are very complex,” Econo...Read More

SHANGHAI (Reuters) - A vaccine scandal in China, which has prompted angry reactions from citizens fed up with safety scares, is sending ripples across the local drug market and threatening Chinese ambitions to play a larger role in the global pharmaceutical arena.Chinese police have launched an investigation into Changsheng Biotechnology Co, its chairwoman and four senior executives over suspected...Read More

* 10-year JGB yields hit 6-month high on talk of BOJ tweaks* European, US bond yields dragged up* German Bund yield at 1-month high* S&P upgrades Greece’s outlook (Updates prices)By Dhara RanasingheLONDON, July 23 (Reuters) - Germany’s 10-year bond yield rose to its highest level in just over a month on Monday, following a jump in Japanese government bond yields on reports that the...Read More

WASHINGTON (Reuters) - The U.S. unit of Mizuho Financial Group Inc (8411.T)will pay $1.25 million penalty over what U.S. financial regulators said was its “failure to safeguard information pertaining to stock buybacks by its issuer customers,” according to a U.S. Securities and Exchange Commission statement on Monday.Mizuho Securities USA LLC agreed to pay the penalty without admitting...Read More

BOGOTA (Reuters) - Colombia’s central bank will keep its interest rate stable at Friday’s meeting, a decision that may extend through the remainder of the year given short-term inflationary pressure and a recovering economy, according to a Reuters poll.The survey of 25 analysts on Monday agreed that the monetary authority would keep borrowing costs unchanged at 4.25 percent at its mont...Read More

Canada-headquartered lithium producer Desert Lion Energy has confirmed that it made its first shipment of lepidolite concentrate from its nameplate operation in Namibia on May 1 this year....Read More

LONDON (Reuters) - Britain’s government will publish proposals on Tuesday setting out more details of how it plans to leave the European Union, a junior Brexit minister said on Monday.“We are continuing to prepare the legislation needed to implement the withdrawal agreement in UK law and we will publish a white paper tomorrow setting out more details on this,” Martin Callanan tol...Read More

Spot cobalt prices fell again last week amid continued pressure from summer destocking....Read More

DUBAI (Reuters) - JPMorgan (JPM.N) and Morgan Stanley (MS.N) have been picked to advise on Saudi Aramco’s potential acquisition of a stake in petrochemical maker SABIC 2010.SE, four sources familiar with the matter said.Late last week, Aramco IPO-ARMO.SE confirmed a Reuters report that it was working on a possible purchase of a “strategic stake” in Saudi Basic Industries Corp (SA...Read More

LONDON (Reuters) - Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.Iranian Supreme Leader Ayatollah Ali Khamenei on Saturday backed a suggestion by President Hassan Rouhani that Iran could block Gulf oil shipments if its exports wer...Read More

LONDON (Reuters) - American billionaire Leon Cooperman said in a letter to investors seen by Reuters that he plans to close his Omega Advisors hedge fund firm and give investors their money back but would continue to manage his own personal wealth.Cooperman said that all outside capital in the New York-based fund would be returned by year-end and that he no longer wished to focus on generating ret...Read More

PHILADELPHIA (Reuters) - By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt.A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the ri...Read More