The World Gold Council, the market development organisation for the gold industry, has today published a consultation paper on its Responsible Gold Mining Principles.These Principles are a new framework that set out clear expectations for investors and downstream users as to what constitutes responsible gold mining. The World Gold Council, working with its Members, the world’s leading gold m...Read More
Scott Nations| @ScottNations Published2:18PM ET Thu, 21 June 2018CNBC.com show chapters Former gold bear turns bullish on the metal for the first time since election 2:12PM ET Thu, 21 June 2018 |04:34 I've been bearish on gold, to say the least. After a 7 percent slide since its April high, it's lost a bit of its luster. But the setup has strengthened, and I'm buying what I l...Read More
Now for the fifth trading day in a row, we have seen gold trade and close lower on the day. It began with Friday's dramatic plunge when gold opened at $1,305 and closed $26 lower at $1,279. From that point forward, each day gold closed below the prior low creating a new all-time low for 2018.This trend has continued for the last five consecutive trading days and, based upon the fundamentals behind...Read More
Now for the fifth trading day in a row, we have seen gold trade and close lower on the day. It began with Friday's dramatic plunge when gold opened at $1,305 and closed $26 lower at $1,279. From that point forward, each day gold closed below the prior low creating a new all-time low for 2018.This trend has continued for the last five consecutive trading days and, based upon the fundamentals behind...Read More
By Amrith Ramkumar and David Hodari Gold prices fell to a fresh 2018 low on Thursday, continuing a prolonged retreat even as investor jitters over a potential trade war stoked volatility in other markets. Gold for August delivery declined 0.4%, to $1,268.90 a troy ounce, on the Comex division of the New York Mercantile Exchange, on track for its fourth drop in the last five sessions and its lowe...Read More
David Brunnstrom, James OliphantWASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday that North Korea was blowing up four of its big test sites and that a process of “total denuclearization ... has already started taking place” without providing any details.Speaking at a meeting of his Cabinet at the White House, Trump said: “They’ve stopped the sending of mi...Read More
(Kitco News) - Federal Reserve’s rate hikes are not “be-all and end-all” for gold prices, said RBC Capital Markets, projecting to see gold significantly climb next year as investors start to take market uncertainties seriously.Conventional assumption that rising rates are negative for gold does hold, but Fed’s rate increases are just an obstacle, not the main driver for the...Read More
Energy and e-commerce stocks took a hit, while Intel fell after a CEO exitThe Dow fell nearly 200 points today for its eighth straight loss -- matching its longest losing streak since March 2017 -- amid lingering global trade war concerns. Intel (INTC) was among the biggest blue-chip losers, after the surprise departure of CEO Brian Krzanich. Energy stocks also took a hit, as oil prices fell amid...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE EXPANDS POTENTIAL OF PERMITTED STERLING GOLD MINE, REPORTS POSITIVE METALLURGICAL RESULTS AND STEP-OUT DRILLING Northern Empire Resources Corp. has released positive results from metallurgical tests and stepout drilling at its fully permitted Sterling mine in Nye county, Nevada.Michael G. Allen, president and chief executive officer, stated: "We acquired th...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE EXPANDS POTENTIAL OF PERMITTED STERLING GOLD MINE, REPORTS POSITIVE METALLURGICAL RESULTS AND STEP-OUT DRILLING Northern Empire Resources Corp. has released positive results from metallurgical tests and stepout drilling at its fully permitted Sterling mine in Nye county, Nevada.Michael G. Allen, president and chief executive officer, stated: "We acquired th...Read More
In another team effort, AngloGold Ashanti is working with Matsa Resources through a MOU. The companies will share both valuable resources and exploration information.Read full newsRead More
NEW YORK (Reuters) - U.S. stocks dipped on Thursday as a U.S. Supreme Court ruling on state sales tax collection pulled Amazon and other online retailers lower while industrials continued to falter on concerns over trade war concerns.Amazon dropped as much as 1.9 percent after the ruling, which allows states to force online retailers to collect sales taxes, before paring losses to trade down 0.9 p...Read More
NEW YORK (Reuters) - Stocks around the world fell on Thursday and the U.S. dollar slipped from a peak as investors flocked to bonds after weak economic data and on worries about a U.S.-China trade war.Oil futures were lower before an OPEC meeting expected to increase the world’s supply of crude and after a report of a large stockpile draw in the United States. [O/R]The dollar fell from an 11...Read More
Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven") is pleased to announce updated Mineral Resource estimates for the high-grade Western BRX, Central BRX, Central Klaza, and Western Klaza zones at its 100%-owned and road accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon. Read full newsRead More
Plus, the drug stock soaring on a 'breakthrough therapy' designationStocks are continuing their downward spiral this afternoon, with focus shifting to today'sSupreme Court ruling that says online sales can now be taxed by states. Three individual stocks making noteworthy moves are tax software concern and Wall Street freshman Avalara Inc (NYSE:AVLR), e-tailer Overstock.com Inc (NASDAQ:OSTK), an...Read More
NEW YORK (Reuters) - A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, forbidding the agency from suing a company that advances money to people awaiting settlement payouts.The decision by U.S. District Judge Loretta Preska is at odds with a February ruling by the federal appeals court in Washington that upheld the...Read More
Latest decline in XAU index is another setback for the gold price.Silver's recent skid is yet another factor why gold can't get traction.Continued dollar strength is main reason for gold's weakness.If it wasn't bad enough that the overpower demand for dollars lately has wreaked havoc on the gold market, gold has also lost two valuable supports. The silver price reversed its recent rall...Read More
The stock market has been rattled by the threat of a global trade war between two of the world largest economies, creating an environment that ought to draw bidders for gold, underlining its appeal as a haven asset in times of market uncertainty. However, that hasn't happened, puzzling a number of traders, who have watched gold futures tumble to a 2018 low, even as hand-wringing over mounting geop...Read More
The stock market has been rattled by the threat of a global trade war between two of the world largest economies, creating an environment that ought to draw bidders for gold, underlining its appeal as a haven asset in times of market uncertainty. However, that hasn't happened, puzzling a number of traders, who have watched gold futures tumble to a 2018 low, even as hand-wringing over mounting geop...Read More
OTTAWA (Reuters) - Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.Canada is considering whether to penalize companies from countries that have caused it economic damage, the sources said on Wedn...Read More