There is no doubt that gold traders and investors are still pondering the reasons for Friday's dramatic $25 decline. In fact, gold's pricing through the end of last week contained several interesting nuances that are typically not seen.On Thursday of last week, gold futures rose approximately five dollars per ounce. However, the net change brought about by buying and selling minus dollar strength...Read More

Mr. Nav Dhaliwal of Bonterra reportsBONTERRA TO ACQUIRE METANOR, EXPANDING STRATEGIC POSITION IN URBAN BARRY CAMP AND DE-RISKING POTENTIAL PATH TO PRODUCTIONBonterra Resources Inc. and Metanor Resources Inc.have entered into a binding letter of intent dated June 17, 2018,to combine Bonterra and Metanor to create an exciting new advanced Canadian gold exploration and development company focused on...Read More

Mr. Nav Dhaliwal of Bonterra reportsBONTERRA TO ACQUIRE METANOR, EXPANDING STRATEGIC POSITION IN URBAN BARRY CAMP AND DE-RISKING POTENTIAL PATH TO PRODUCTIONBonterra Resources Inc. and Metanor Resources Inc.have entered into a binding letter of intent dated June 17, 2018,to combine Bonterra and Metanor to create an exciting new advanced Canadian gold exploration and development company focused on...Read More

By Amrith Ramkumar and David Hodari Gold prices inched higher Monday, stabilizing after tumbling alongside other commodities Friday amid worries about trade tensions and higher interest rates. Gold for August delivery was recently up 0.2% at $1,281.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices hit their lowest level of the year Friday, failing to get a haven-d...Read More

MADRID (Reuters) - Spain’s new Prime Minister Pedro Sanchez on Monday said he was unlikely to call a snap election and that he wanted to hold the next countrywide vote in 2020 when the current term is scheduled to end.Sanchez, who toppled his conservative predecessor Mariano Rajoy last month in a confidence vote, controls less than a quarter of the seats in the parliament and he had been unt...Read More

(Kitco News) - As the excitement around the FIFA World Cup grabs the attention of all sports fans around the world, gold bugs are looking at the trophy itself, which is not only made of gold but is also considered to be one of the most valuable sports prizes out there.The current FIFA World Cup trophy is made out of 13.5 pounds of 18-carat gold.The dimensions of the trophy, which depicts two athle...Read More

Rebounding oil prices could not help the stock market todayThe Dow suffered a triple-digit loss today, extending its post-Fed skid to five days, as fears of a trade war with China linger.The blue-chip benchmark, which is now mired in its longest losing streak since April, was also dinged byrough days for newly downgraded Intel (INTC) and Walt Disney (DIS) stocks.The S&P 500 also finished lower, de...Read More

NEW YORK (Reuters) - Oil prices rose on Monday in volatile trade as market participants lowered their expectations for how much OPEC might increase production and investors assessed the impact of a trade dispute between the United States and China.U.S. crude oil CLc1 rose 79 cents a barrel to settle at $65.85. The contract traded at a two-month low of $63.59 early in the session. Brent crude LCOc1...Read More

PARIS (Reuters) - When French President Emmanuel Macron laid out a sweeping vision for eurozone reform last September, he spoke of “rebuilding Europe”, with a common budget for the euro nations and a single minister to oversee it all.The proposals he will discuss when he sits down with German Chancellor Angela Merkel outside Berlin on Tuesday will be far less ambitious, with deep diffe...Read More

WASHINGTON (Reuters) - JPMorgan Chase Bank NA JPM_pd.N will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.The derivatives regulator said the bank made false reports and attempted to manipulate the U.S. Dollar International Swaps and Derivativ...Read More

PARIS (Reuters) - When French President Emmanuel Macron laid out a sweeping vision for eurozone reform last September, he spoke of “rebuilding Europe”, with a common budget for the euro nations and a single minister to oversee it all.The proposals he will discuss when he sits down with German Chancellor Angela Merkel outside Berlin on Tuesday will be far less ambitious, with deep diffe...Read More

WASHINGTON (Reuters) - President Donald Trump formally nominated Kathleen Kraninger as Director of the U.S. Consumer Financial Protection Bureau on Monday, according to a White House statement.Kraninger will take the reins from Office of Management and Budget Director Mick Mulvaney, who has also acted as the CFPB's interim director since the post became vacant late last year.Reporting by Washingto...Read More

By Amrith Ramkumar and David Hodari Gold prices inched higher Monday, stabilizing after tumbling alongside other commodities Friday amid worries about trade tensions and higher interest rates. Front-month gold for June delivery closed up 0.1% at $1,276.20 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices hit their lowest level of the year Friday, failing to get a hav...Read More

SAVANNAH, Ga., June 18 (Reuters) - Atlanta Federal Reserve bank president Raphael Bostic said he is keeping his call for one more interest rate increase this year as the central bank edges policy higher.“I am still at three,” Bostic said. “We are going at a nice steady pace and I am going to let data inform how rapidly I think we need to be moving...I have not seen anything to su...Read More

ICE, ICE babyCopper prices retreated again on Monday to $3.09 a pound or $6,830 a tonne, bringing losses for the bellwether metal over the past week to nearly 6%. Two weeks ago copper touched the highest levels since January 2014.Worries about the impact of a trade war between the US and China, which is responsible for nearly half the world's industrial metal demand, are behind the pullback, but l...Read More

NEW YORK (Reuters) - The Dow and S&P were modestly lower on Monday, having recovered from earlier lows, as gains in energy shares helped curb declines stemming from trade war concerns after China’s retaliation to U.S. tariffs.U.S. President Donald Trump said last week he was pushing ahead with tariffs on $50 billion of Chinese imports, prompting a quick response from Beijing, which said...Read More

Speculators are buying to open the weekly 6/22 54-strike callIntel Corporation (NASDAQ:INTC) is the worst Dow stock today, after Northland Capital Markets downgraded the chipmaker to "underperform" from "market perform," and slashed its price target to $45 from $53. The brokerage firm cited expectations for increased competition from Advanced Micro Devices (AMD) and Nvidia (NVDA) as data centers s...Read More

Arrowhead Pharmaceuticals continues to shineStocks are trading lower, with the Dow down triple digits with less than an hour to go in the session. However, a few names making positive moves today -- all near the top of Nasdaq -- include drug stocks Verastem Inc (NASDAQ:VSTM), PTC Therapeutics, Inc. (NASDAQ:PTCT) and Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR). Below, we will take a closer look...Read More

ATHENS (Reuters) - With a brief formulation of words, Greek Prime Minister Alexis Tsipras may have boosted his chances of persuading foreign creditors to free his nation from years of financial humiliation on better terms than a few days ago.Tsipras agreed a deal with his Macedonian counterpart at the weekend under which Greece’s neighbor will be renamed “Republic of North Macedonia&rd...Read More

OTTAWA (Reuters) - Canada is considering all options, including providing financial aid to the auto industry, to cope up with possible U.S. tariffs, a senior federal minister said, even as officials expressed doubt Washington would follow through with a threat to impose the punitive measures.U.S. President Donald Trump last month said he might impose tariffs of up to 25 percent on foreign-built au...Read More