NEW YORK (Reuters) - U.S. economy is growing at a 2.69 percent pace in the fourth quarter following this week's data on producer prices and job openings, the New York Federal Reserve's Nowcast model showed on Friday.This was faster than the 2.61 percent rate calculated by N.Y. Fed's program a week ago.Reporting by Richard Leong Disclaimer: The views expressed in this article are those of the auth...Read More

BERLIN (Reuters) - The two frontrunners to succeed Chancellor Angela Merkel as Christian Democrat (CDU) leader pitched for the support of women in the party on Friday after polling showed that views of Germany’s first female chancellor differed markedly by gender.Whoever wins the contest to succeed her at next month’s party congress will be in pole position to become chancellor of Euro...Read More

The SPY tends to do well after the Fed stands patThe Federal Open Market Committee (FOMC) concluded its two-day policy meeting yesterday, and the Fed's decision to stand pat on rates surprised no one. During the current tightening cycle, the stock market has done well a month after the Fed holds rates steady -- especially compared to after a rate hike -- and several stocks have typically outperfor...Read More

(Reuters) - China's State Administration of Taxation (SAT) is working with other government agencies to carry out tax reductions in a bid to support the private sector, the official Xinhua news agency reported.China's taxation authority will roll out targeted policies such as suggesting the local governments to give private firms a respite for paying taxes, SAT head Wang Jun told Xinhua in an inte...Read More

A tight copper market may be set to get a lot tighter, if a report this week from the world's biggest miner of the metal is any indication.Santiago-based Codelco posted the lowest quarterly copper production this year in the third quarter, according to Chile copper agency Cochilco. The company reported declines across all of its mines in September as ore grades fell an average of 5 percent in the...Read More

SOMME VALLEY, France (Reuters) - French President Emmanuel Macron and British Prime Minister Theresa May laid a wreath at a memorial in the Somme valley on Friday, honoring fallen World War One soldiers on the eve of the centenary of the war’s end.The Somme Offensive, waged in 1916, was intended to hasten a victory for the allies against the German empire, but after four months of trench war...Read More

   •  Resurgent USD demand kept exerting downward pressure on Friday.   •  Firming Fed rate hike expectations add to the ongoing bearish slide.   •  A slight deterioration in investors’ risk-appetite does little to lend support. Gold remained under some selling pressure for the sixth consecutive session on Friday and is currently pl...Read More

(Kitco News)- Wall Street changed its near-term outlook on gold pricesand now looks for the metal to continue to decline on an expectation for moreU.S. rate hikes, although Main Street still leans bullish, according to theweekly Kitco News gold survey.The Federal Open Market Committee wrapped up a meeting Thursdayin which policymakers issued a statement saying economic activity remains“stron...Read More

(Kitco News) - Wall Street changed its near-term outlook on gold prices and now looks for the metal to continue to decline on an expectation for more U.S. rate hikes, although Main Street still leans bullish, according to the weekly Kitco News gold survey.The Federal Open Market Committee wrapped up a meeting Thursday in which policymakers issued a statement saying economic activity remains &ldquo...Read More

Construction is accelerating at Fortuna Silver Mines' (TSX: FVI; NYSE: FSM) Lindero project in Argentina and commercial production will start as planned at the end of the third quarter next year, the company says."The project has gained significant momentum," Jorge Ganoza, Fortuna's president and CEO, told analysts and investors on a conference call on its third quarter results.Fortuna decided to...Read More

Construction is accelerating at Fortuna Silver Mines' (TSX: FVI; NYSE: FSM) Lindero project in Argentina and commercial production will start as planned at the end of the third quarter next year, the company says."The project has gained significant momentum," Jorge Ganoza, Fortuna's president and CEO, told analysts and investors on a conference call on its third quarter results.Fortuna decided to...Read More

Construction is accelerating at Fortuna Silver Mines' (TSX: FVI; NYSE: FSM) Lindero project in Argentina and commercial production will start as planned at the end of the third quarter next year, the company says."The project has gained significant momentum," Jorge Ganoza, Fortuna's president and CEO, told analysts and investors on a conference call on its third quarter results.Fortuna decided to...Read More

The stock is on pace for its worst day everAt last check, Yelp Inc (NYSE:YELP) stock was trading down 27.7% at $31.45, after the company reported weaker-than-expected third-quarter sales and cut its full-year revenue forecast. The online review name is set for its worst day ever, and earlier touched a new annual low of $29.35. As such, a slew of analysts are downwardly revising their ratings and p...Read More

Gold Gold charts have been reviewed. New patterns have been discovered. In general, the metal is going down. Namely, the commodity price is trading in two channel down patterns in the borders of a large scale ascending pattern. In the near term future, the pair is set to decline in the smallest pattern down to the 1,213.85 level, where it should encounter the support of a monthly pivot point....Read More

FRANKFURT (Reuters) - Two of the world’s biggest economies probably shrank last quarter, further proof that global growth is now past its peak and the risk of a downturn is rising.Germany and Japan are both expected to report negative growth figures in the coming days and even if a slew of one-off events are factored out, the underlying trend is weak and the outlook is fraught with risk, not...Read More

WASHINGTON (Reuters) - President Donald Trump on Friday said he did not discuss the U.S. special counsel’s ongoing Russia investigation with Matt Whitaker before appointing him as acting attorney general this week.Speaking to reporters at the White House, Trump also said he had not ruled out sitting down for an interview with Special Counsel Robert Mueller, who is probing alleged Russian int...Read More

“We are in a bond market bubble that’s beginning to unwind.” This is the statement of Alan Greenspan. Is he right? We invite you to read our today’s article about the US bond market and find out whether it is in bubble or not – and what does it all mean for the precious metals market.  Gold Asks: Are US Bonds Overvalued? Bond yields are in an upward trend since 2...Read More

PARIS (Reuters) - Several French IT companies have been searched on suspicion of anti-competitive practices, the country’s competition watchdog said on Friday.The regulator did not name any of the companies that were targeted but said they were active in the fields of IT services, consulting, engineering and software.“At this point, these searches obviously do not prejudge the guilt of...Read More

ALROSA, the world's largest diamond miner, today announced diamond sales results for October and the first ten months of 2018.In October, ALROSA Group sold $242.8 million worth of rough and polished diamonds, down 28% YoY. Rough diamond sales by value amounted to $233.9 million, polished diamond sales were $8.9 million. In October, demand for small-size inexpensive rough diamonds remained weakALRO...Read More

ALROSA, the world's largest diamond miner, today announced diamond sales results for October and the first ten months of 2018.In October, ALROSA Group sold $242.8 million worth of rough and polished diamonds, down 28% YoY. Rough diamond sales by value amounted to $233.9 million, polished diamond sales were $8.9 million. In October, demand for small-size inexpensive rough diamonds remained weakALRO...Read More