WASHINGTON (Reuters) - U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public.“My biggest threat is the Fed,” he said, according to excerpts released before the interview with “Trish Regan Primetime”...Read More
CHICAGO (Reuters) - United States Steel Corp (X.N) workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. President Donald Trump’s clampdown on foreign imports are finally trickling down.The agreement, reached on Monday, proposes a cumulative 14 percent wage increase over a four-year period,...Read More
(Reuters) - Sprint Corp (S.N) has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, in an all-stock deal, the companies said on Wednesday.The fourth-largest U.S. wireless carrier by subscribers is selling the company called Pinsight Media as it awaits regulatory approval to sell itself to larger rival T-Mobile US Inc (TMUS.O). The v...Read More
GENEVA (Reuters) - Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday.Iran’s Foreign Ministry also criticized U.S. sanctions imposed on Tuesday on several Iranian banks and other companies, s...Read More
• A subdued USD action/reviving safe-haven demand helps regain some traction. • A modest uptick in the US bond yields kept a lid on any meaningful up-move. • Investors keenly await FOMC meeting minutes for a fresh directional impetus. Gold reversed an early dip to the $1220 area and is currently placed at the top end of its dail...Read More
GENEVA (Reuters) - Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday.Iran’s Foreign Ministry also criticized U.S. sanctions imposed on Tuesday on several Iranian banks and other companies, s...Read More
(Kitco News) - The release of the U.S. housing data from September had little impact on gold prices, with the metal holding on to most of the previous gains that pushed prices to a ten-week high earlier this week.U.S. housing starts declined 5.3% to a seasonally adjusted annual rate of 1.201 million units in September, the Commerce Department said on Wednesday. Consensus forecasts compiled by most...Read More
EndeavourMining Corp. (TSX: EDV) reports that construction of its Ity carbon-in-leachproject in C??te d'Ivoire is two months ahead of schedule and on budget. Thefirst gold pour is now expected to occur early in the second quarter of 2019,rather than mid-year as previously planned. “Completing the construction sooneris expected to result in material improvement to our 2019 free-cash-flowgener...Read More
ANKARA (Reuters) - Turkey hopes to enter the Saudi consul’s residence in Istanbul on Wednesday in connection with the disappearance of Saudi journalist Jamal Khashoggi, Turkey’s foreign minister said after meeting U.S. Secretary of State Mike Pompeo.Turkish officials have said they believe the journalist was murdered and his body removed, an allegation the Saudis have strongly denied....Read More
Anglo American Brazi'sl chief executive, Ruben Fernandes, has hinted at a potential major copper discovery on the edge of the Amazon rainforest by saying the results of an ongoing drilling campaign in the area were "very promising".He was referring to a 19,000 square kilometres-property, equivalent to the size of Israel, the company has been exploring since July and where it has already drilled si...Read More
WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo, in a meeting with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday, again offered U.S. assistance in Turkey’s investigation into the disappearance of Saudi journalist Jamal Khashoggi, the U.S. State Department said.“The Secretary also expressed the United States’ concern over Jamal Khashoggi’s disappe...Read More
Anglo American Brazi'sl chief executive, Ruben Fernandes, has hinted at a potential major copper discovery on the edge of the Amazon rainforest by saying the results of an ongoing drilling campaign in the area were "very promising".He was referring to a 19,000 square kilometres-property, equivalent to the size of Israel, the company has been exploring since July and where it has already drilled si...Read More
(Kitco News) - Gold prices are modestly lower in early U.S. trading Wednesday, on a normalcorrective pullback from recent solid gains that saw prices hit a 10-week highearlier this week. Bulls still have the near-term technical advantage. December gold futures were last down $2.30 an ounce at $1,228.70. December Comex silver was last down $0.016 at $14.685 an ounce. TheU.S. economic highlight at m...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS GOLD MINERALIZATION TO THE NORTHWEST AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received further positive results from the phase 3 resource expansion drilling program at the Mother Lode project, Nevada.Results include a stepout hole to the northwest of the currently defined deposit along the Western Feeder zone (ML18-083, 65.5 metres at 1....Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS GOLD MINERALIZATION TO THE NORTHWEST AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received further positive results from the phase 3 resource expansion drilling program at the Mother Lode project, Nevada.Results include a stepout hole to the northwest of the currently defined deposit along the Western Feeder zone (ML18-083, 65.5 metres at 1....Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Both gold and silver stalled onTuesday. Was it because the equities rallied big or was it because they wereboth at resistance? From a technical perspective, they were both at resistance.It's that simple.The metals have had a nice runfrom the recent lows and it should be no surprise that a slight pause or someselling pressure would come in at these resistance levels. All markets do thesame thing on...Read More
"#LMEweek was the latest forum for debate over where a sustainable #cobalt supply will come from. We spoke to @CDMRawles about the reality for battery and carmakers ($) | https://t.co/n1jeJSRmqt"Read full newsRead More
* U.S. Fed minutes in focus * European shares hit by weakness in auto sector * Nervous investors using dips to cover short postions-analyst(Recasts, updates prices and quotes)By Sumita LayekBENGALURU, Oct 17 (Reuters) - Gold rose on Wednesday as arally in global equities ran out of steam, denting the appeal ofriskier assets, while bullion investors used recent price dipsto cover short positions.Sp...Read More
"Uranium hopeful Berkeley Energia has been smashed on the stock exchanges after a report its Spanish project would be blocked by the government | https://t.co/1fdXtnyaHk #ASX #LSE $BKY"Read full newsRead More