Today Japan is in the midst of a gold-mining revival. The government's newly amended mining act allows foreign companies the right to explore the nation's untapped mineral potential.Read full newsRead More
By Benjamin Parkin and David Hodari Gold prices climbed to the highest close in a month on Thursday as traders turned their attention from central banks to geopolitical tension. Front-month contracts for June delivery rose 0.6% to $1,304 per troy ounce at the Comex division of the New York Mercantile Exchange, the highest close since May 14. The Federal Reserve on Wednesday said it would raise...Read More
CloseGain/LossGold $1302.80+$2.70Silver$17.19+$0.12XAU84.67+1.05%HUI182.15+1.07%GDM630.53+0.78%JSE Gold1079.22+19.42USD94.79+1.21Euro115.81-2.10Yen90.41-0.25Oil$66.89+$0.2510-Year2.937%-0.037T-Bond144.34375+0.90625Dow25175.31-0.10%Nasdaq7761.04+0.85%S&P2782.49+0.25% The Metals: Gold gained $9.10 to $1309.20 at about 8:30AM EST before it chopped back lower for most of the rest of trade, but...Read More
- Is the cashless society upon us?- Cashless society or 'Lesscash' society?- Do you carry cash and how much?- When might we see the world's first completely cashless society?- Who wins the payments battle - Apple, Google, WeChat, Alipay?- Privacy, bank, electricity, wifi, tech and systemic risk underlines continuing importance of cashVideo recorded at MoneyConf 2018What do you think? Tell us us...Read More
Economics The FOMC has indicated of two more interest rate hikes after yesterday's. This is in line with our expectations. Fundamentals are still bearish for gold. Unless Asian physical demand picks up, chances of a correction will be very high. Federal Reserve chairman Powell's press conference: ? Fed doesn't want to hike interest rates too quickly or too slowly?...Read More
- Is the cashless society upon us?- Cashless society or 'Lesscash' society?- Do you carry cash and how much?- When might we see the world's first completely cashless society?- Who wins the payments battle - Apple, Google, WeChat, Alipay?- Privacy, bank, electricity, wifi, tech and systemic risk underlines continuing importance of cashVideo recorded at MoneyConf 2018What do you think? Tell us us...Read More
Economics The FOMC has indicated of two more interest rate hikes after yesterday's. This is in line with our expectations. Fundamentals are still bearish for gold. Unless Asian physical demand picks up, chances of a correction will be very high. Federal Reserve chairman Powell's press conference: ? Fed doesn't want to hike interest rates too quickly or too slowly?...Read More
Fortune Minerals Limited (TSX:FT) (OTCQX:FTMDF) (Read full newsRead More
Broadway Gold Mining Ltd. (TSXV:BRD) (OTCQB:BDWYF) ("Broadway" or the "Company") is pleased to announce the discovery of a new soil geochemistry anomaly located 1.86 miles south of the Madison and Broadway mines situated on the same contact zone and in close proximity to the Silver Star Fault.Read full newsRead More
After the second interest rate hike of 2018 was announced, the price of gold remained just below the all-important US$1,300-per-ounce mark.Read full newsRead More
In light of in incredibly strong U.S. dollar or, more appropriately, a dramatically lower Eurodollar, gold has managed to hold onto gains. As of 4:00 PM Eastern standard time, gold futures are currently trading up $5.20 at $1,306.50, a net gain of 0.40%.The Eurodollar is currently down almost 1.8% on the day at 1.158. This weakness is a direct result of last night’s announcement by the Europ...Read More
In light of in incredibly strong U.S. dollar or, more appropriately, a dramatically lower Eurodollar, gold has managed to hold onto gains. As of 4:00 PM Eastern standard time, gold futures are currently trading up $5.20 at $1,306.50, a net gain of 0.40%.The Eurodollar is currently down almost 1.8% on the day at 1.158. This weakness is a direct result of last night’s announcement by the Europ...Read More
"Another week, another fire attack at a New Caledonia nickel mine. Worth noting that over 50% of #nickel mine supply comes from four high political-risk nations: Indonesia, Philippines, New Caledonia & Russia https://t.co/ppZDCnuPkZ"Read full newsRead More
This trading phenomenon happens just four times a yearAnother quadruple witchingFriday is among us -- the second of four this year -- and this one comes on a particularly exciting week, just after a U.S.-North Korea summit and a big Fed meeting. So, with the simultaneous expiration of several options and futures contracts on deck, here's what you might expect on Wall Street.As alluded to above, qu...Read More
PARIS (Reuters) - French economic growth will slow slightly more than expected this year after a soft start to the year and as higher oil prices weigh on activity, the central bank forecast on Thursday.The French economy was seen growing 1.8 percent this year instead of the 1.9 percent previously forecast in March and down from 2.3 percent registered last year.Growth was expected to ease as corpor...Read More
Comcast placed its bid on Fox assets, trumping DisneyThe Dow finished in the red today, and was the only benchmark lower due to a pullback from big bank stocks. Financial giants such as JPMorgan Chase (JPM) slipped with the 10-year Treasury yield, after yesterday's Fed news and the European Central Bank's (ECB) decision to unwind its bond-buying program. However, the S&P 500 and Nasdaq both ended...Read More
(Kitco News) - The well-established negative relationship between the price of gold and the U.S. dollar will lose some of its power in the near future, allowing gold to climb further, said Bloomberg Intelligence's Mike McGlone.“The elevated gold-to-greenback negative correlation should diminish, likely coinciding with higher metal prices,” McGlone said in a note published on Thursday.W...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump raised human rights abuses by the North Korean government during his meeting with North Korean leader Kim Jong Un in Singapore this week, the White House said on Thursday.“As the president has already publicly stated ... he did bring up human rights abuses of the North Korean regime,” White House spokeswoman Sarah Sanders told reporter...Read More
SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network’s response to scandals about privacy and election meddling, would step down from the company after a decade.Schrage will stay on as an adviser to Facebook while his successor is chosen, the company said in a statement. He has no immediate pla...Read More
Lindsay DunsmuirWASHINGTON (Reuters) - The International Monetary Fund warned on Thursday that U.S. President Donald Trump’s new import tariffs threaten to undermine the global trading system, prompt retaliation by other countries and damage the U.S. economy.“Let us not understate the macroeconomic impact,” IMF Director Christine Lagarde said, saying the tariffs will have a large...Read More