Cynthia Kim, Christian ShepherdSEOUL/BEIJING (Reuters) - U.S. President Donald Trump may have promised that North Korea will become “very rich” on the back of American investment if Pyongyang ditches nuclear weapons but economists and academics who have studied the isolated country say it is China not the U.S. that will be the engine of any transformation.The nearest template would not...Read More

TOKYO (Reuters) - Stocks markets were expected to be on the defensive on Monday as a weekend G7 summit fanned trade war fears after U.S. President Donald Trump backed out of a joint communique in a blow to the group’s efforts to show a united front.Trump’s reversal, announced while he was en route to Singapore for a meeting with North Korean leader Kim Jong Un, sent his Group of seven...Read More

(Kitco News) - With everyone focused on the G7 meeting in Canada this weekend, Chinese President Xi Jinping met with Russian President Vladimir Putin and presented him with China’s gold friendship medal on Friday.Putin met with Xi in Beijing before attending the weekend summit of the Shanghai Cooperation Organisation (SCO) in the port city of Qingdao.“[President Putin] is my best, most...Read More

(Kitco News) - Despite another Federal Reserve rate hike already priced in for Wednesday, the U.S. central bank has “lots of reason” to be concerned, said billionaire precious metals investor and founder of Sprott Inc Eric Sprott, adding that gold and silver will “prosper” following the very likely hike.We could possibly be looking at a summer rally here, according to Sprot...Read More

Andrea HopkinsQUEBEC CITY (Reuters) - The United States and Canada swung sharply towards a diplomatic and trade crisis on Sunday as top White House advisors lashed out at Canadian Prime Minister Justin Trudeau a day after U.S. President Trump called him “very dishonest and weak.”The spat drew in Germany and France, who sharply criticized Trump’s decision to abruptly withdraw his...Read More

John RevillZURICH (Reuters) - A radical plan to transform Switzerland’s financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday.More than three quarters rejected the so-called Sovereign Money initiative, according to the official result released from the Swiss government.All of the country’s s...Read More

Speculative gold traders continued to cut back on their net gold positions.Despite the stable gold price, commercial gold traders increased their positions to the most bullish since early 2017.Commercial gold traders also cut back on their short positions by more than 30,000 contracts which is the largest amount in years.We are much more bullish on gold than the market and we think gold may break...Read More

Christian Shepherd, Shu ZhangQINGDAO, China (Reuters) - Chinese President Xi Jinping, whose country is locked in a high-stakes trade dispute with the United States, on Sunday said China rejects “selfish, shortsighted” trade policies, and called for building an open global economy.Xi did not mention the United States during a speech at a summit meeting of the Shanghai Cooperation Organi...Read More

David LjunggrenLA MALBAIE, Quebec (Reuters) - Canadian Prime Minister Justin Trudeau on Saturday rejected a U.S. demand for a sunset clause in NAFTA but said he was prepared to compromise on the issue, which is holding up talks to update the 1990s-era pact.U.S. President Donald Trump - who regularly threatens to pull out of the North American Free Trade Agreement - insists that Canada and Mexico a...Read More

Doina Chiacu, Sarah N. LynchWASHINGTON (Reuters) - The top White House economic adviser accused Canada’s prime minister on Sunday of betraying President Donald Trump with “polarizing” statements on U.S. trade policy that risked making the American leader look weak on the eve of a historic summit with North Korea.Larry Kudlow, director of the National Economic Council, lashed out...Read More

Michael NienaberBERLIN (Reuters) - Germany and France on Sunday sharply criticised U.S. President Donald Trump’s decision to abruptly withdraw his support for a Group of Seven communique, accusing him of destroying trust and acting inconsistently.Having left the G7 summit in Canada early, Trump’s announcement on Twitter that he was backing out of the joint communique torpedoed what app...Read More

Roberta Rampton, Jean-Baptiste VeyLA MALBAIE, Quebec (Reuters) - U.S. President Donald Trump threw the G7’s efforts to show a united front into disarray after taking aim at Canadian Prime Minister Justin Trudeau, adding he might double down on import tariffs by hitting the sensitive auto industry.Having left the Group of Seven summit in Canada early, Trump’s announcement that he was ba...Read More

Balazs KoranyiFRANKFURT (Reuters) - Tightening policy by a notch just one day apart, the world’s top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence.The U.S. Federal Reserve is almost certain to raise rates again on Wednesday, inching closer to a neutral policy stance, while the European Centra...Read More

Steve Holland, Jack KimSINGAPORE (Reuters) - U.S. President Donald Trump arrived in Singapore on Sunday for a historic summit with North Korean leader Kim Jong Un that could lay the groundwork for ending a nuclear stand-off between the old foes and the transformation of the isolated Asian nation.Trump flew into Singapore’s Paya Lebar Air Base aboard Air Force One, looking to strike a deal th...Read More

08 Jun '18 Johannesburg, Friday, 8 June 2018. Harmony Gold Mining Company Limited ('Harmony' and/or 'the Company') regrets to advise that one of its employees was fatally injured in a fall of ground incident at its Bambanani mine in the Free State this morning and has tragically succumbed to his injuries. An investigation into the accident is underway. [...]This is an abst...Read More

June 8 (Reuters) - Real Gold Mining Ltd: * ZHANG YANCHUN TENDERED HIS RESIGNATION AS AN EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER Source text for Eikon: Further company coverage:Read full newsRead More

CARSON CITY - Gold production in Nevada increased more than 3 percent in 2017 compared to last year while gold prices were up slightly, according to reports released in MayRead full newsRead More

The union at BHP's Escondida copper mine in Chile said on Friday that it saw a "favorable scenario" for reaching a deal on a new labor contract with the company, citing higher copper prices.In a letter to its members published on its website, the union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3pm local time (1900 GMT) on Monda...Read More

The main buyer of electricity from an Arizona coal plant on the verge of closure said on Friday it will instead source its electricity largely from a solar power project, ignoring an appeal by the U.S. Interior Department to buy more power from the plant to keep it open.The Trump administration has been waging a broad effort to keep aging coal and nuclear plants from retirement, arguing that their...Read More

The main buyer of electricity from an Arizona coal plant on the verge of closure said on Friday it will instead source its electricity largely from a solar power project, ignoring an appeal by the U.S. Interior Department to buy more power from the plant to keep it open.The Trump administration has been waging a broad effort to keep aging coal and nuclear plants from retirement, arguing that their...Read More