WASHINGTON (Reuters) - Two regional Federal Reserve banks were pushing for holding steady the rate commercial banks are charged for emergency loans until shortly before the U.S. central bank's last policy meeting, minutes from discussions about the discount rate showed on Tuesday.The Fed raised its benchmark federal funds rate at its Sept. 26 policy meeting as it forecast that the U.S. economy wou...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comOct 23, 2018 Is gold bullion, the "Queen of Assets", breaking out to the upside from a beautiful pennant formation?For the likely answer to that interesting and potentially enriching question, please click here now.Double-click to enlarge this daily gold chart.Gold has formed an important...Read More
(Reuters) - Wall Street sank on Tuesday, continuing a punishing month for U.S. stocks, as dismal outlook from industrial bellwethers Caterpillar and 3M sparked concerns over corporate growth and added to worries ranging from China’s slowdown to Saudi Arabia’s diplomatic isolation.The S&P 500 has now declined for five straight sessions and had finished higher on only four of the 17...Read More
BATON ROUGE, La. (Reuters) - Falling stock prices, uncertainty around global trade and other possible “headwinds” are not enough yet to throw the U.S. economy off course or force the Fed to alter its intent for continued gradual rate increases, Atlanta Federal Reserve bank president Raphael Bostic said on Tuesday.Speaking as equity markets dropped sharply over global concerns and weak...Read More
MOSCOW (Reuters) - U.S. President Donald Trump's national security advisor John Bolton used a series of meetings with Russian government officials on Tuesday to complain about China's economic and military policies, the RIA news agency reported.Bolton is due to hold talks with President Vladimir Putin later on Tuesday where he is expected to explain Trump's desire to leave a landmark nuclear arms...Read More
LONDON/MILAN (Reuters) - European shares fell sharply on Tuesday as disappointing company results, particularly in the tech sector and a mix of political worries including Italy’s budget woes piled pressure on markets.The pan-European STOXX 600 STOXX benchmark index fell for its fifth straight day, ending down 1.6 percent at its lowest level since December 2016, while Germany's DAX .GDAXI...Read More
(Kitco News) - Gold prices are still holding decent gains of around $10.00 an ounceafter hitting a nearly three-month high of $1,243.00, basis December Comex futures, in early U.S. trading Tuesday.However, the safe-haven metal has backed down from session highs as the U.S.stock indexes have moved up from their session lows, but are still tradingsolidly lower on the day. December gold was last up...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that it has signed a distribution agreement with Allcan Distributors ("Allcan") in preparation for the launch of the Uniden (R) UV350 in-vehicle 4G/LTE device in Canada.Allcan's distribution reach is a key component to Siyata's strategy as they distribute through channels for...Read More
MOSCOW (Reuters) - Russian President Vladimir Putin told U.S. National Security Advisor John Bolton on Tuesday he would like to hold new talks with U.S. President Donald Trump, suggesting they meet in Paris next month.Putin and Trump are expected to take part in an event in Paris on Nov. 11 to commemorate the end of World War One and Putin suggested they could meet on its sidelines, something Bolt...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it still ended with...Read More
- Gold rallied "as stocks retreated" and "market risk became more systemic"- As stock sell-off became systemic globally, gold rose meaningfully - World Gold Council- IMF Global Financial Stability report highlights an increase in level of risk among multiple global metrics - WGC Investment Update*Happy 15th Birthday GoldCore*via Gold.orgThe latest IMF Global Financial Stability report (release...Read More
RIYADH (Reuters) - Saudi Arabia signed deals worth $50 billion on Tuesday, showing it can still attract investment at a conference boycotted by Western politicians and global business chiefs after the killing of journalist Jamal Khashoggi.The Saudi cabinet, after a meeting headed by King Salman on the same day, promised to hold to account those who where responsible for Khashoggi’s death and...Read More
NEW YORK (Reuters) - Oil prices fell nearly 3 percent to more than one-month lows on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran and as U.S. equity markets sold off.Brent crude futures LCOc1 dropped 2.8 percent, or $2.27, to $77.56 a barrel by 11:21 a.m. EDT (1521 GMT) after plunging to $77.50, the lowest since Sept....Read More
Barrick Gold Corp. favors taking back control of its separately listed Tanzanian assets after completing its takeover of Africa-focused rival Randgold Resources Ltd., according to people familiar with the situation.Barrick spun off those assets in 2010 into a company now called Acacia Mining Plc. That unit - listed in London but majority owned by Barrick - has been dogged by operational setbacks...Read More
NEW YORK (Reuters) - The U.S. dollar fell on Tuesday after Wall Street opened lower, spurring a risk-off move that benefited the safe-haven Japanese yen and Swiss franc against the greenback.The Dow Jones Industrial Average .DJI, the S&P 500 .SPX and the Nasdaq Composite .IXIC were all around 2 percent lower at mid-morning, dragged down by disappointing earnings from industrial bellwether...Read More
(Reuters) - Wall Street opened sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade war fears.The Dow Jones Industrial Average .DJI fell 278.95 points, or 1.10 percent, at the open to 25,038.46.Dow Jones & Company Inc24975.31.DJIDOW JONES INDEXES-34...Read More
Trevali Mining's Caribou zinc mine in the Bathurst Mining Camp of New Brunswick. Source: Trevali Mining Corp.Trevali Mining Corp. [TV-TSX, TREVF-OTCQX, 4T1-Frankfurt, TV-LMA] on Tuesday said it has downgraded the production guidance for its Caribou mine in New Brunswick due to challenging rock mass conditions. However, the company said increased zinc production from its Perkoa operation in in Burk...Read More
Quartz-carbonate veining and vuggy pyrite mineralization in drill core hole ESO-06-03Aurelius Minerals Inc. [AUL-TSXV] shares rallied sharply Tuesday after the company released additional drilling results from its Mikwam Property in Ontario.Aurelius is a gold exploration company with a focus on advancing two district-scale gold projects in the Abitibi Greenstone Belt in Ontario, which ranks as one...Read More
* Gold hits highest since July 17 * Palladium hits record high * EU executive rejects Italian 2019 draft budget(Updates throughout, adds quotes, prices, details)By Swati VermaBENGALURU, Oct 23 (Reuters) - Gold jumped 1 percent to amore than three-month peak on Tuesday, with investors spurred onby a slide in global equities and rising political and economicuncertainty, including concerns over Italy...Read More