Editor's Note: Updating earlier story with economist comments(Kitco News) - Gold futures hung onto theirgains despite a government report Thursday showing that U.S. retail sales jumpedby 0.8% to $502 billion during May. Meanwhile, sales excluding autos were up0.9%.Going into the report, consensusexpectations compiled by news organizations had been for a rise of 0.4% inoverall sales. Sales excludin...Read More

(Kitco News) - U.S. initial weekly jobless claims fell to 218,000 in the week to Saturday, the Labor Department said. The total was better than expected.Market consensus called for initial claims to climb to around 223,000. The government did not revise the prior week’s figures.In an initial reaction to the weekly jobless claims data, August Comex gold futures remained near two-week highs, l...Read More

(Kitco News) - Gold and silver prices are moderately higher in early U.S. trading Thursday, despite asolid rebound in the U.S. dollar as the U.S. day session gets under way. Goldprices hit a four-week high and silver hit a seven-week high today. Bargainhunting in the cash market and short covering in the futures market arefeatured in both precious metals. August Comex gold futures were last up $11...Read More

Mr. Pascal Hamelin reportsMETANOR INTERSECTS 5.0 G/T AU OVER 12.1 METRES AT BARRYMetanor Resources Inc. has provided drill results from the continuing drill campaign at Barry, including new high-grade results of 15.7 grams per tonne gold over 2.4 metres, 14.6 g/t Au over 1.8 metres, 12.2 g/t Au over 2.7 metres and 14.2 g/t Au over 1.2 metres. These new drill holes were designed to infill the south...Read More

Mr. Pascal Hamelin reportsMETANOR INTERSECTS 5.0 G/T AU OVER 12.1 METRES AT BARRYMetanor Resources Inc. has provided drill results from the continuing drill campaign at Barry, including new high-grade results of 15.7 grams per tonne gold over 2.4 metres, 14.6 g/t Au over 1.8 metres, 12.2 g/t Au over 2.7 metres and 14.2 g/t Au over 1.2 metres. These new drill holes were designed to infill the south...Read More

Mr. Christian Milau reportsEQUINOX GOLD PROVIDES CONSTRUCTION UPDATE FOR ITS AURIZONA GOLD MINE Equinox Gold Corp. has provided an update on construction progress at its Aurizona gold mine in Brazil. Construction remains on schedule to pour gold by late 2018 with the expectation of producing on average 136,000 ounces of gold per year, and construction spending is tracking in line with the $146-mil...Read More

Mr. Christian Milau reportsEQUINOX GOLD PROVIDES CONSTRUCTION UPDATE FOR ITS AURIZONA GOLD MINE Equinox Gold Corp. has provided an update on construction progress at its Aurizona gold mine in Brazil. Construction remains on schedule to pour gold by late 2018 with the expectation of producing on average 136,000 ounces of gold per year, and construction spending is tracking in line with the $146-mil...Read More

SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s (AMZN.O) automated grocery shop, six people familiar with the matter told Reuters.The Redmond, Wash.-based software giant is developing systems that track what shoppers add to their carts, the people say. Microsoft...Read More

TOKYO (Reuters) - Japan’s “Abenomics” stimulus program is sputtering just as the government and the central bank wanted to tap the brakes, heightening the chance they will be forced to fight the next economic downturn with a near-empty policy arsenal.Analysts say Japan will avoid a recession - two consecutive quarters of contraction - and suggest the first-quarter slump was a sof...Read More

LONDON (Reuters) - Oil prices mostly steadied on Thursday, but were likely to remain under pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a meeting next week of the world’s largest exporters.Brent crude futures LCOc1 were down 7 cents at $76.67 a barrel by 1107 GMT, while U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 27 cents a...Read More

(Kitco News) - Gold traded as we expected after the Fed raised rates yesterday -- first a swoon on the announcement and then a pop. This has been the pattern for the last three rate hikes. Although the message from the Fed was hawkish, indicating further rate hikes this year, traders ignored the statement and began focusing again on global issues, specifically the looming trade wars. There is a co...Read More

Canada's Nevsun Resources (TSX, NYSEMKT:NSU) is extending the life of its flagship copper-zinc Bisha mine in Eritrea to the end of 2022 - 18 months later than the planned end of operations announced by the company last year.The open-pit extension would add 3.3 million tonnes of high-grade ore to the mill, resulting in additional production of 470 million pounds of zinc and 52 million pounds of cop...Read More

Canada's Nevsun Resources (TSX, NYSEMKT:NSU) is extending the life of its flagship copper-zinc Bisha mine in Eritrea to the end of 2022 - 18 months later than the planned end of operations announced by the company last year.The open-pit extension would add 3.3 million tonnes of high-grade ore to the mill, resulting in additional production of 470 million pounds of zinc and 52 million pounds of cop...Read More

Canada's Nevsun Resources (TSX, NYSEMKT:NSU) is extending the life of its flagship copper-zinc Bisha mine in Eritrea to the end of 2022 - 18 months later than the planned end of operations announced by the company last year.The open-pit extension would add 3.3 million tonnes of high-grade ore to the mill, resulting in additional production of 470 million pounds of zinc and 52 million pounds of cop...Read More

* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds quote, context, updates figures)LONDON, June 14(Reuters) - Sterling climbed to a five-day high on Thursday after retail sales data beat expectations in May, suggesting the British economy may be recovering from a slump in early 2018.Retail sales jumped for a second mon...Read More

THENS, June 14 (Reuters) - Greece's jobless rate stayed unchanged at 21.2 percent in January-to-March from the fourth quarter of 2017, data from the country's statistics service ELSTAT showed on Thursday.About 68.4 percent of Greece's 1.001 million jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the figures showed.Greece's highest unemployment rate was...Read More

(Kitco News) - TheEuropean Central Bank’s Governing Council Thursday left interest ratesunchanged but policymakers announced that they envision ending the bond-buyingprogram, which is referred to as quantitative easing, at the end of 2018.Therates on the main refinancing operations and the interest rates on the marginallending facility and the deposit facility will remain at 0.00%, 0.25% and...Read More

Aswe wrote yesterday, gold has been in this tight range and all signs werepointing to a breakout to the upside. This morning, it is tacking on toyesterday's gains. The key level is now $1,312; a close above would bring us toour next target of $1,330.Fedofficials reported on Wednesday and did the usual stick their heads in thesand, hiking rates 0.25 percentage point and indicating two more hikes th...Read More

Scarsdale Equities analyst Mike Niehuser reviewed various aspects of the facility.Read full newsRead More

Mean reversion can be a powerful trading tool, particularly with pair trades. One Wall Street analyst said it's still too early to expect a mean reversion bump in underperforming Barrick Gold Corp (USA) ...Read full newsRead More