NEW YORK (Reuters) - World shares fell on Friday after U.S. President Donald Trump announced new tariffs that sparked fears of a trade war between the U.S. and China, while oil prices plummeted 3 percent over signs that supply may soon rise.Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, with Beijing threatening to respond in kind, in a move that could ignite a trade war...Read More

BARILOCHE, Argentina (Reuters) - A plan requested by U.S. President Donald Trump to prevent struggling nuclear and coal power plants from shutting is still being “fleshed out” by the U.S. Department of Energy and the White House, Energy Secretary Rick Perry said on Friday.“This is not just singularly an economic issue,” Perry told reporters at the G20 Energy Ministers&rsquo...Read More

(Kitco News)- Gold prices are seeing sharp selling pressure ahead of theweekend, weighted down by surging momentum in the U.S. dollar as monetarypolicy between the U.S. and Europe continue to diverge.Gold futures are preparing to end the week with heavy losseswith August gold last traded at critical support at $1,280.40 an ounce, down1.71% from last week. The lost comes a day after gold prices ral...Read More

(Kitco News) - Gold prices are seeing sharp selling pressure ahead of the weekend, weighted down by surging momentum in the U.S. dollar as monetary policy between the U.S. and Europe continue to diverge.Gold futures are preparing to end the week with heavy losses with August gold last traded at critical support at $1,280.40 an ounce, down 1.71% from last week. The lost comes a day after gold price...Read More

(Bloomberg) - A settlement between a Glencore Plc unit and Democratic Republic of Congo's state-owned Gecamines will contribute billions of dollars of revenue to the government over the next decade, an official said.Glencore reached a deal with Gecamines on Tuesday to end a legal dispute over Kamoto Copper Co., which is set to become Congo's largest copper and cobalt mine. Gecamines had sought to...Read More

InWednesday’s highly anticipated FOMC meeting speech, the Federal Reserve took aslightly more hawkish policy tone in signaling two more rate hikes by year-end.However, the gold complex chose to focus on the Fed’s rather tepid view ofinflation as Fed Chair Jerome Powell pledged to keep rates low enough tobolster the economy for “some time” and signaled it would tolerate abov...Read More

In Wednesday’s highly anticipated FOMC meeting speech, the Federal Reserve took a slightly more hawkish policy tone in signaling two more rate hikes by year-end. However, the gold complex chose to focus on the Fed’s rather tepid view of inflation as Fed Chair Jerome Powell pledged to keep rates low enough to bolster the economy for “some time” and signaled it would tolerate...Read More

DATA stock was overdue for some bullish brokerage attentionSubscribers to Schaeffer's Leverage Trader doubled their money with the Tableau Software Inc (NYSE:DATA) June 85 call recommendation. We're going to take a look back to see why we were initially bullish on the tech stock, and how the options trade unfolded.At the time of our recommendation on May 8, Tableau Software was outperforming,...Read More

The Dow is pacing for a 4th straight dropThe Dow Jones Industrial Average (DJI) is down sharply at the halfway point, set for a fourth straight loss, as tariff fears weigh on large-cap stocks. A big drop in oil prices -- July-dated crude was last seen down 3% at $64.92 per barrel on concern the Organization of the Petroleum Exporting Countries (OPEC) and Russia will announce an output boost at nex...Read More

TOKYO (Reuters) - The dollar index against a basket of six major currencies rose to a seven-month high on Friday, getting a boost as the euro sagged after a cautious European Central Bank signaled it will keep interest rates at record lows well into next year.The dollar index was up 0.3 percent at 95.074 .DXY after touching 95.108, its highest since November 2017.(This version of the story has bee...Read More

BERLIN (Reuters) - German Chancellor Angela Merkel hinted at a new front in the trade row with the United States on Friday, warning that Europe’s strategic interests rode on the future of Europe’s car industry and hinting at competition probes of U.S. internet giants.Just as U.S. President Donald Trump had given national security as a reason for threatening punitive tariffs on German c...Read More

(Bloomberg) - South Africa will give mining companies credit for past black-empowerment deals even when the investors later sold their shares to whites or foreigners, removing a major concern for the industry.The country's new Mining Charter, which is aimed at distributing South Africa's mineral wealth more widely, will apply the "once empowered, always empowered" principle as long they met the p...Read More

The stock has been on a tear, but options on BOOT are cheap right nowApparel stocks have been making notable moves of late -- and at least one footwear name looks set for more short-term upside. Fortunately, now is an affordable time to bet on Boot Barn Holdings Inc (NYSE:BOOT) options ahead of its next leg higher, according to data from Schaeffer's Senior Quantitative Analyst Rocky White.At last...Read More

RISTINA/SARAJEVO (Reuters) - What do you do in Kosovo, one of Europe’s poorest countries, if you’re unemployed but young, computer-savvy and proficient in English? If you’re also entrepreneurial, one cottage industry you might consider is ‘mining’ cryptocurrency, or digital coins.Although the best-known cryptocurrency, bitcoin, has dropped far below the prices it hit...Read More

(Kitco News)- Wall Street and Main Street both look for gold prices torise in the next week, based on the Kitco News weekly survey.The metal was range-bound for much of this week beforetumbling with other commodities on Friday amid U.S. dollar strength asU.S.-China trade-war worries intensified again. Other significant news eventsthis week were a North Korea-U.S. summit, 25-basis-point interest-ra...Read More

(Kitco News) - Wall Street and Main Street both look for gold prices to rise in the next week, based on the Kitco News weekly survey.The metal was range-bound for much of this week before tumbling with other commodities on Friday amid U.S. dollar strength as U.S.-China trade-war worries intensified again. Other significant news events this week were a North Korea-U.S. summit, 25-basis-point intere...Read More

By Scott Patterson Swiss mining giant Glencore PLC said it would resume multimillion-dollar payments to a former business partner sanctioned by the U.S. Treasury Department for alleged corruption in the Democratic Republic of Congo, resolving a thorny legal dispute that threatened to disrupt its operations. Glencore stopped paying royalties to Israeli billionaire Dan Gertler in December after th...Read More

BEIJING (Reuters) - China’s navy carried out drills in the South China Sea to simulate fending off an aerial attack, state media said on Friday, as the country trades barbs with the United States over responsibility for heightened tension in the disputed waterway.U.S. Secretary of State Mike Pompeo expressed concern during a visit to Beijing on Thursday over China’s efforts to militari...Read More

MOSCOW (Reuters) - OPEC and non-OPEC nations that are part of global oil production curbs plan to discuss possible changes in the oil production cut quotas at a meeting in Vienna on June 23, the Russian Energy Ministry said on Friday.The ministry also said that participants in the OPEC+ deal plan to discuss framework principles for further cooperation between OPEC and non-OPEC countries.Reporting...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday he plans to call North Korean leader Kim Jong Un on Sunday, following their summit in Singapore this week.“I’m going to be actually calling North Korea,” Trump told Fox News in an interview when asked what he planned to do on Father’s Day.The president later told reporters in an impromptu news conference on t...Read More