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
They say that there are no atheists in fox holes. Recently it has also become clear there are no monetary hawks in bear markets. For much of the last decade many conservative Continue...Read More
"Marquette has been closely watching the development of esports, both as a global trend and as an integral part of the future of the Big East Conference,"Continue...Read More
The United States has offered to hold discussions on arm control issues with Russia in Beijing next week at a United Nations event, according to a senior State Department official Continue...Read More
The export price for steel billet from the Commonwealth of Independent States (CIS) has surged toward the end of this week, spurred by rising offer prices after most mills filled their February order books with large sales in previous weeks, Fastmarkets heard on Thursday January 24.The recovery in import scrap prices in Turkey has also added to the positive sentiment among CIS suppliers.Offers of...Read More
After listening since 2016 to the American presstitutes complain, without providing a mere scrap of evidence, of Russia meddling in US elections, a person would think that Continue...Read More
Last week, we discussed our outlook for 2019 and the factors that will soon drive price Continue...Read More
The Bank of China had increased its gold reserves from 1842.6 tons to 1,852 tons in Continue...Read More
Toronto-based Anaconda Mining has shared updated resource numbers for two gold projects - Great Northern near the village of Jackson's Arm, Newfoundland and Cape Spencer 15 km east of Saint John, New Brunswick.The Great Northern project includes the Rattling Brook and Thor deposits. Rattling Brook has an inferred resource of 5.5 million tonnes averaging 1.45 g/t gold for 255,000 contained oz. usin...Read More
Imperial Metals has published its fourth quarter and year-end numbers for its operations. For the full year, the company produced 75.3 million lb. of copper and 79,056 oz. of gold.At the Red Chris copper-gold mine 80 km south of Dease Lake, Q4 production was 15.6 million lb. of copper (up 15% from Q3) and 12,366 oz. of gold (up 41% from Q3). Mill throughput for 2018 averaged 29,228 t/d and annual...Read More
Turkish steel billet prices have increased slightly over the past week on an uptick in imported scrap values and reduced availability of billet in the CIS region, sources said on Thursday January 24.Fastmarkets' weekly price assessment for billet imports into Turkey was $410-420 per tonne cfr on Thursday, up from the $405-415 per tonne of last week.Suppliers in the Commonwealth of Independent Stat...Read More
Shares in Jardine Matheson Holdings, a 186-year old firm listed in Singapore, plummeted 83% on Thursday, wiping more than $40 billion off the market value of the storied conglomerate.The stock quickly recovered and traders immediately pointed to the most likely reason for the strange dealings - a fat finger.Fat finger trades are human errors - more often than not pressing the wrong buttons SGX lat...Read More
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full year guidance.The company produced 612,000 oz. gold in 2018, up from 403,000 oz. gold the year before; it had estimated producing no more than 590,000 oz. gold in 2018.At the same time, Endeavour's all-in sustaining costs (AISC) fell 4% in 2018 to $745 per oz. gold com...Read More
Indonesia, the world's top exporter of palm oil, has issued new rules requiring exporters of natural resources to receive earnings in the local banking industry, among new measures Jakarta announced last year to support the then falling rupiah.The rupiah hit its weakest since the 1998 Asian financial crisis in October 2018 due to capital outflows linked to rising U.S. interest rates, the U.S.-Chin...Read More
After nine months of intermittent production due to illegal strikes and social unrest, Barrick Gold's Tongon mine in Ivory Coast returned to normal in the last quarter of 2018, achieved its revised production target of 230,000 ounces for the year, down from 288,680 ounces in 2017.Operations at the mine, which the Canadian gold giant acquired after the merger with Randgold, had to be halted a few...Read More
Political uncertainty means there's no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc.Traders are less willing to buy and sell long-dated futures because of increasing risks associated with trade wars and other geopolitical fissures springing up around the globe, Jeff Currie, head of commodities research at Goldman, said in an interview on Bloomber...Read More
Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia's largest, said on Thursday it was closing its precious metals vault in Singapore.The move follows the bank's sale last year of its stake in an exchange-traded fund backed by physical gold and sources say it is part of a scaling back of ANZ's precious metals business.While ANZ is trimming, increasing regu...Read More
Orinoco Gold (ASX: OGX) announced that it has just started working with AngloGold Ashanti (JSE:ANG) (NYSE:AU) on establishing an in-country joint venture entity in Brazil, an undertaking that should be completed in the first quarter of 2019.The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.The regional exploration joint ven...Read More
(adds UK reaction)BRUSSELS, Jan 24 (Reuters) - The European Commission said onThursday it was suing Britain over tax exemptions the countrygrants to some commodity markets, waivers that Brusselsconsiders in breach of European Union rules.Under EU rules, countries need EU authorisation not tocharge sales tax on products and services. In 1977, Britainobtained a waiver to charge a zero rate value-add...Read More
Import prices for steel billet in Southeast Asia staged a slight recovery this week amid limited offers and Turkey's strengthening scrap market, although participants reckon that the billet gains might be short-lived because they were not supported by demand.Fastmarkets' daily import price assessment for billet in Southeast Asia was $450-455 per tonne cfr Manila on Thursday January 24, narrowing u...Read More
With this program, the Canadian company aims to expand the existing resource on its gold oxide deposit. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release it restarted stepout and infill drilling on the Dark Star oxide gold deposit in Nevada. "We have discovered several new high-potential targets that will make for another exciting year of exploration on our Railroad-...Read More