Canada-listed junior miner Thor Explorations (TSX-V: THX) published Friday first results from metallurgical test work at its Segilola project in Nigeria, poised to become the country's first large-scale gold mine.The testing is part of the definitive feasibility study (DFS) for the project, located about 200km from the capital Lagos, and which is expected to come online in early 2020.The project,...Read More

Steve Scherer, Gavin JonesROME (Reuters) - Italy’s two anti-establishment parties on Friday promised to ramp up spending in a program for a new coalition government, putting them on a collision course with the European Union despite watering down some of their most radical proposals.The “contract” by the League and the 5-Star Movement, the two parties that won the most parliament...Read More

(Kitco Commentary)- I generally receive negativecomments whenever I suggest gold looks heavy or that engaging on the buy side shouldawait a break of certain levels. But to set the record straight, I have noissues with investors holding gold as a percentage of their portfolios. As an investor or trader, youneed to ask yourself, why you are buying gold. Is it for protection, insurance,or Capital gai...Read More

hmad GhaddarLONDON (Reuters) - Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns.Brent crude futures LCOc1 rose by 51 cents to $79.81 a barrel at 1209 GMT. The benchmark broke through $80 for the first time s...Read More

May 18 (Reuters) - Futures for Canada’s main stock index were little changed on Friday as investors awaited inflation and retail sales data.Canada’s annual inflation rate is expected to have remained at 2.3 percent in April while retail sales are likely to have increased by 0.3 percent in March. Both the reports are scheduled to release at 8:30 a.m. ET.The Canadian stock market will be...Read More

Medha Singh(Reuters) - U.S. stock index futures rose slightly in choppy trading on Friday as oil prices climbed, while investors kept a close watch on Sino-U.S. trade talks.China denied it had offered to cut its trade surplus with the United States by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports, but added that talks were constructive.The world’s...Read More

Heekyong YangSEOUL (Reuters) - North Korea has declined to accept a list of South Korean journalists hoping to observe the closure of its nuclear test site, South Korea said on Friday, raising new questions about the North’s commitment to reducing tension.North Korea had invited a limited number of journalists from South Korea and other countries to witness what it said will be the closing o...Read More

(Kitco News) - Detour Gold Corp. (TSX: DGC) announces that Paul Martin will be retiring as president, chief executive officer and a board member, effective June 1. Michael Kenyon, chairman of the board, will assume the role of interim CEO. Alex Morrison, currently a director, will assume the role of board chairman. Kenyon commends Martin for his years of service first as chief financial officer an...Read More

Rates for home loans powered to the highest since 2011, setting up a fresh test for a housing market already strained by lean supply and surging prices. The 30-year fixed-rate mortgage averaged 4.61% in the week ending May 17, mortgage finance provider Freddie Mac said Thursday. That was a 6 basis point jump, and marked the highest for the popular product since May, 2011. The 15-year fixed-rate mo...Read More

By Oliver Griffin Rio Tinto PLC (RIO.LN) said Friday that it has been accredited by the Office of the National Rail Safety Regulator in Australia to operate autonomous trains at its iron-ore business in Pilbara. The mining company said its AutoHaul project--in which it will use a fleet of autonomous trains to transport iron ore to its port facilities in Pilbara, Western Australia--is on schedule...Read More

GOLD (in USD) Continued bearish pressures. Gold is decreasing further, trading below 1290 and heading along 1285. Hourly support and resistance are given at 1263 (21/12/2017 low) and 1329 (08/03/2018 high). The technical structure suggests short-term downward moves. In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) i...Read More

VANCOUVER - Production is primed to ramp up at the Marigold Mine near Valmy, SSR Mining Inc. reported in its financial and operation results released May 10.Read full newsRead More

(Kitco News) - Gold prices are once again modestly lower in early U.S. trading Friday. Keener risk appetite in the marketplace recently is keeping demand away from the safe-haven metals.And a strong U.S. dollar continues to limit the upside in gold and silver. June Comex gold futures were last down $1.80 an ounce at $1,287.60. July Comex silver was last down $0.031 at $16.45 an ounce.World stock m...Read More

(Kitco News) - Gold prices are once again modestly lower in early U.S. trading Friday. Keener risk appetite in the marketplace recently is keeping demand away from the safe-haven metals.And a strong U.S. dollar continues to limit the upside in gold and silver. June Comex gold futures were last down $1.80 an ounce at $1,287.60. July Comex silver was last down $0.031 at $16.45 an ounce.World stock m...Read More

Michael Martina, Tony MunroeBEIJING (Reuters) - China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington.U.S. officials had said on Thursday that China was proposing trade concessions and increased purchases of Ame...Read More

MacDonald DzirutweVICTORIA FALLS, Zimbabwe (Reuters) - Zimbabwe needs up to $11 billion to modernize its mines and boost production to maximum capacity over the next five years, the head of the country’s Chamber of Mines said on Friday.Foreign investor interest in the southern African nation is growing after the fall of longtime leader Robert Mugabe following a de facto military coup last No...Read More

   •  Consolidates in a range for the third straight session.   •  Technically remains poised to extend the bearish fall.  Gold continued with its struggled to register any meaningful recovery and remains within striking distance of YTD lows. A continuous upsurge in the US Treasury bond yields supported the recent US Dollar upsurge and had been weighing...Read More

* LME/ShFE arb:* GRAPHIC-2018 asset returns: (Updates throughout, adds comment, closing prices)By Jan HarveyLONDON, May 18 (Reuters) - Aluminium fell to a two-week lowon Friday after news that sanctions-hit Russian businessman OlegDeripaska would not seek re-election to Rusal's board ofdirectors, easing concerns that supply from the company would bedisrupted.Copper, meanwhile, headed for its first...Read More

(Bloomberg Opinion) - The world doesn't like its essential commodities being controlled by a small group of producers.When Arab members of Opec resolved to cut their oil exports in response to U.S. involvement in the 1973 Arab-Israeli war, the situation was rightly deemed a global crisis.Less than a year after BHP Billiton Ltd. announced plans to merge its iron ore operations with those of Rio...Read More

Chromium and cyanide had been improperly handled and seeped into rivers used for drinking water in Kratie and Mondulkiri.Read full newsRead More