Although gold closed modestly higher on the day, the precious yellow metal scored its second consecutive week of lower pricing. Gold futures opened on Monday at $1281 per ounce and traded to a high of $1286. However, it was the weekly low of $1263 that fostered the greatest concern. Considering that gold opened just above $1,300 per ounce at the beginning of the year, the last two weeks have resul...Read More
Although gold closed modestly higher on the day, the precious yellow metal scored its second consecutive week of lower pricing. Gold futures opened on Monday at $1281 per ounce and traded to a high of $1286. However, it was the weekly low of $1263 that fostered the greatest concern. Considering that gold opened just above $1,300 per ounce at the beginning of the year, the last two weeks have resul...Read More
Canada NewsWireTORONTO, June 22, 2018/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE US/CSE: HUGETORONTO, June 22, 2018 /CNW/ - FSD Pharma Inc. (Read full newsRead More
The S&P 500 Index closed higher, too, but the Nasdaq fellThe Dow managed to bounce back today and end its historic losing streak at eight days. Much of the gains came from blue chips Chevron (CVX) and Exxon Mobil (XOM), as oil prices enjoyed their best day since late 2016, following the Organization of the Petroleum Exporting Countries (OPEC) decision to raise crude output by a modest amount. Trad...Read More
(Kitco News) - Charles Krauthammer, the conservative columnist for Fox Newsand Pulitzer Prize winner, has passed away Thursday at the age of 68. During his time at Fox, Krauthammer became known as the“dean of conservative commentators” He has also appeared on Kitco News to discuss his views onthe gold standard and joined a panel discussion on a Libertarian vs. Democrat vs.Republican d...Read More
(Kitco News) - Charles Krauthammer, the conservative columnist for Fox News and Pulitzer Prize winner, has passed away Thursday at the age of 68. During his time at Fox, Krauthammer became known as the “dean of conservative commentators” He has also appeared on Kitco News to discuss his views on the gold standard and joined a panel discussion on a Libertarian vs. Democrat vs. Republic...Read More
NEW YORK (Reuters) - Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan’s financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.The original virtual currency fell as low as $6,085.59 ( ?4,589) BTC=BTSP on Bitstamp, the lowest since early February and no...Read More
For those interested in the gold sector, gold futures can be a rewarding investment. Learn how to leverage this opportunity.Read full newsRead More
BEIRUT (Reuters) - German Chancellor Angela Merkel played down expectations of any major breakthrough at hastily-arranged talks among European Union leaders on Sunday on the migration dispute dividing Europe and threatening her own government.Plans for the emergency meeting, before a full EU summit at the end of next week, were thrown into chaos on Thursday when Italy’s new prime minister de...Read More
(Reuters) - In the years before he became president of the United States, Donald Trump owned luxury German cars. Now, pricey European convertibles are among the vehicles that could become rare on American roads if Trump’s proposal to slap tariffs on imported cars takes effect.On Friday, Trump threatened to impose a 20 percent import tariff on all European Union-assembled vehicles, a move tha...Read More
SHAK has more than doubled in the past nine monthsShake Shack Inc (NYSE:SHAK) stock has been on a tear all year, but like fellow restaurant stock Chipotle (CMG), has kicked it into high gear recently. Earlier today, SHAK came within a chip-shot of its June 20 two-year high of $69.96. And although the restaurant stock is down 0.4% to trade at $68.67, at last check, it just offered up a historical "...Read More
Trump's latest tariff threat is weighing on car stocksThe Dow is soaring alongside oil in afternoon trading, as traders react to today's news about the Organization of the Petroleum Exporting Countries (OPEC) meeting. Three individual stocks also making noteworthy moves are electric car manufacturer Tesla Inc (NASDAQ:TSLA), drug stock Pain Therapeutics, Inc. (NASDAQ:PTIE), and tech concern Bla...Read More
(Kitco News) - As gold struggles to find support after hitting a six-month low earlier this week, analysts are waiting for a reawakening of the metals’ safe-haven appeal amid a complacent market in the face of trade war fears.The yellow metal was unable to find a bid this week despite heightened trade tensions and market uncertainties, largely weighed down by the rallying U.S. dollar. August...Read More
(Kitco News) - As gold struggles to find support after hitting a six-month low earlier this week, analysts are waiting for a reawakening of the metals’ safe-haven appeal amid a complacent market in the face of trade war fears.The yellow metal was unable to find a bid this week despite heightened trade tensions and market uncertainties, largely weighed down by the rallying U.S. dollar. August...Read More
WASHINGTON (Reuters) - The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration’s proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.The American Petroleum Institute (API) launched its “Explore Offshore” campaign earlier this month...Read More
(Reuters) - U.S. stocks rose on Friday with the Dow Jones Industrial Average looking to snap its 8-day losing streak, powered by a surge in oil prices, but losses in technology stocks curbed some gains.The benchmark Brent crude jumped $1.83 to $74.88 a barrel, following three days of losses, after OPEC agreed to modest crude output increases to compensate for losses in production at a time of risi...Read More
Gold futures edged higher on Friday, registered a decline for the week as investors focused on expectations for higher interest rates ahead, a headwind for metals, and the U.S. dollar, which has strengthened over the past month. August gold GCQ8, +0.05% tacked on 20 cents to settle at $1,270.70 an ounce, for a weekly slide of 0.6% based on last Friday's closing level. Gold was on track for a mont...Read More
A number of notable tech stocks managed record highs, howeverTrade war fears carried over into the latest trading week, punishing stocks yet again and sending the Dow Jones Industrial Average (DJI) to its longest losing streak in over a year. President Donald Trump early in the week threatened another round of tariffs on Chinese goods, and the losses continued to mount through Thursday's session,...Read More
WASHINGTON (Reuters) - President Donald Trump urged Republican lawmakers on Friday to drop their efforts to pass comprehensive immigration legislation until after the November elections, sending mixed signals to his party amid an ongoing crisis over his border policies.Trump, faced with a public outcry over his policy that separated children from their migrant parents at the U.S. border with Mexic...Read More
The oil services stock is rising alongside crude futuresOil prices are soaring today, as traders react to reports of a smaller-than-anticipated output boost from the Organization of the Petroleum Exporting Countries (OPEC). One name getting a halo lift is oil services stock TechnipFMC PLC (NYSE:FTI), which was last seen up 6.3% at $32.70 -- brushing off a tepid brokerage note -- and options trader...Read More