(Kitco News)- Goldprices remain relatively unchanged on the day as inflation pressures rise tothe Federal Reserve’s 2% inflation target last month.Friday,The U.S. Department of Commerce said that Personal Consumption ExpendituresIndex, 0.2% in May, in line with expectations. For the year, the data showedthat inflation increased by 2.3%, up from April’s reading of 2.0%.Coreinflation, wh...Read More

(Kitco News)- Gold regained the $1,250 level overnight primarily as aresult of a weaker dollar. We remain unconvinced that the dollar rebound isbased on any fundamental changes, in the short term. The trade has enjoyed astellar performance in the strengthening greenback but the move overnightsuggests traders may have taken some profits on the last trading day of thequarter to lock in good optics...Read More

Chile's government is giving state-owned Codelco $1 billion in "extraordinary" capitalization to help it fund an ambitious plan aimed at upgrading its aging mines and dealing with dwindling ore grades.The country's mining minister, Baldo Prokurica, said the backing was essential for Codelco to keep up production numbers and so remain as the world's No.1 copper miner, Diario Financiero reports...Read More

SEMAFO Inc.(TSX, OMX: SMF) has completed the first gold pour at the Boungou Mine inBurkina Faso, the company repots. The first pour yielded approximately 325ounces of gold. Dry and wet commissioning of the Boungou processing plant werecompleted, as was construction. “The first gold pour at Boungou marks animportant milestone in SEMAFO’s growth trajectory as it signals the beginningof a...Read More

(Reuters) - U.S. stock index futures gained on Friday, as Nike jumped after strong results and as bank stocks rose after clearing the Federal Reserve’s stress tests.The futures, though, fell sharply before recovering after news website Axios said President Donald Trump had repeatedly told his top officials he wants the United States to withdraw from the World Trade Organization.Setting a pos...Read More

(Kitco News) - Gold and silver prices areslightly higher in early U.S. trading Friday. Gold prices did poke to a nearly12-month low overnight, before rebounding a bit. The precious metals aregetting a bit of a lift as the U.S. dollar index is trading solidly lower todayon a corrective pullback after hitting a 12-month high on Thursday. Augustgold futures were last up $1.70 an ounce at $1,252.80. J...Read More

(Kitco News) - Gold and silver prices are slightly higher in early U.S. trading Friday. Gold prices did poke to a nearly 12-month low overnight, before rebounding a bit. The precious metals are getting a bit of a lift as the U.S. dollar index is trading solidly lower today on a corrective pullback after hitting a 12-month high on Thursday. August gold futures were last up $1.70 an ounce at $1,252....Read More

* EU struggles to bridge rift over migration* But vague agreement eases fears of German govt collapse* Euro zone inflation hits 2 pct in June* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds fresh quote, EZ flash inflation data, Greek bond yield move)By Dhara RanasingheLONDON, June 29 (Reuters) - German bond yields pulled back from recent one-month lows on Friday aft...Read More

* Gold mining resumes, power restored after Feb. 26 quake* Electricity repairs 5 months ahead of schedule - miner (Updates with Barrick statement)SYDNEY, June 29 (Reuters) - Mining has resumed and power has been restored at the Porgera gold mine in Papua New Guinea’s remote highlands run by Barrick Gold Co, four months after an earthquake disrupted production, the mine’s operator said....Read More

BEIJING, June 29 (Reuters) - China's central bank on Friday revised up the value of its end-May gold reserves to $77.323 billion, from $73.739 billion stated earlier this month.The central bank did not provide an explanation for the changed figure. The total amount of gold it held at end-May remained unchanged at 59.240 million fine troy ounces in the central bank's revised statement on Friday.Rep...Read More

BISHKEK, June 29 (Reuters) - Kyrgyzstan's parliament will review in September an agreement that settles mutual claims with Canada's Centerra Gold, after which environmental payments by the company might grow, parliament speaker Dastan Jumabekov said on Friday.The Central Asian nation's government and Centerra, which operates giant Kyrgyz gold mine Kumtor, last week postponed until July 23 the dead...Read More

LONDON (Reuters) - Bitcoin’s value slid to its lowest level since November on Friday, as waning investor interest and recent negative headlines from global regulators weakened demand for the cryptocurrency and most of its rivals.Virtual currencies, including the best-known and biggest, bitcoin, have been stuck in a downward trend for most of 2018 after last year’s frenzied interest fiz...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

* Spot gold near 6-month lows* India prices at discount of up to $2* China premiums at $2-$4By Rajendra Jadhav and Karen RodriguesMUMBAI/BENGALURU, June 29 (Reuters) - Gold demand improved this week in India as prices fell to their lowest level in nearly three months, while demand elsewhere in Asia remained tepid as investors waited for prices to fall further.Gold futures in India were trading at...Read More

Rio Tinto wants copper, and it's ready to pay top-dollar.The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters.If it can't land a big copper project, it is weighing the cumulative power of a series of more modest acquisitions to increase its exposure to a metal...Read More

The contracts with Northern Star Resources and Bluestone Mines Tasmania JV reflect increasing demand for drill rigs.Read full newsRead More

Statements by executives at South African miner Sibanye Gold Ltd.'s committing the company to worker safety were a fraud that caused stock market losses, according to a shareholder lawsuit.Read full newsRead More

John Paulson's hedge fund threatened to replace the Detour Gold board of directors on the same day management released a new plan for its flagship mineRead full newsRead More

VANCOUVER, June 28, 2018 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the 'Company' or 'Kootenay') is pleased to announce that its wholly owned Mexican subsidi...Read full newsRead More

Featured today on WallStEquities.com is the Gold industry, which comprises companies that are engaged in the exploration and production of gold from mines.Under observation this morning are the following fours stocks: Goldcorp Inc. (NYSE: GG), Harmony Gold Mining Co. Ltd (NYSE: HMY), Hecla Mining CoRead full newsRead More