OTTAWA (Reuters) - Group of Seven leaders will pressure U.S. President Donald Trump at a summit this week on tariffs he has imposed on metals imports but must remain civil as they try to persuade him to change his mind, French President Emmanuel Macron said on Thursday.But Macron, speaking to reporters after talks with Canadian Prime Minister Justin Trudeau, also said the remaining six members wer...Read More

   •  Persistent USD weakness/reviving safe-haven demand provides a minor boost.   •  Rising US bond yields/ECB QE end talks keep a lid on any meaningful up-move. Gold inched up on Thursday but seemed lacking strong conviction and remained capped below the $1300 mark. The US Dollar selling pressure remained unabated on Thursday and was seen as one of the key...Read More

(Reuters) - The S&P 500 posted slight gains on Thursday as declines in technology companies and packaged food makers, dragged down by J.M. Smucker’s quarterly report, were offset by rising energy shares.Brent crude gained more than 1 percent on concerns about a plunge in exports from Venezuela, helping the S&P energy index rise more than 1.1 percent.Optical stocks and some chipmakers...Read More

(Kitco News)- In anenvironment with growing, financial uncertainty, investors should be holding ahigher allocation of gold in their portfolio but shouldn’t be overweight themetal, according to one famed gold analyst.In aninterview with Kitco News, Martin Murenbeeld, president of Murenbeeld & Co.,said that the threat of a global trade war, political uncertainty in Europe, andon-again-off-...Read More

(Kitco News) - In an environment with growing, financial uncertainty, investors should be holding a higher allocation of gold in their portfolio but shouldn’t be overweight the metal, according to one famed gold analyst.In an interview with Kitco News, Martin Murenbeeld, president of Murenbeeld & Co., said that the threat of a global trade war, political uncertainty in Europe, and on-aga...Read More

Jefferies downgraded one of the stocks to 'hold' from 'buy'Telecom concerns and business rivals AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) received bear notes from Jefferies this morning. Below, we will take a look at how each stock has been faring on the charts, and what this latest round of negative brokerage notes could mean for T and VZ shares. Entertainment Sector Woes Pr...Read More

LONDON (Reuters) - Oil rose by nearly $1 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela, although surging U.S. production kept gains in check.Brent crude futures LCOc1 were up 85 cents at $76.21 a barrel by 1222 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 rose 58 cents to $65.31 a barrel.Venezuela, which faces the threat of U.S. sanctions and is i...Read More

WASHINGTON (Reuters) - The U.S. Supreme Court is due to rule by the end of June on the contentious practice called partisan gerrymandering in which state legislators draw electoral maps designed to entrench their own party in power, but states in growing numbers already are taking action to rein in the politicians.Ohio last month became the eighth state to turn to some form of a separate commissio...Read More

GABORONE, June 7 (Reuters) - Botswana Diamonds (BoD) wants to buy liquidated BCL Mine's shares in a diamonds exploration joint venture project, its managing director said on Thursday.BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount."We have put in an offer to the liquidator of BCL and we hope to get a response...Read More

GABORONE, June 7 (Reuters) - Botswana Diamonds (BoD) wants to buy liquidated BCL Mine's shares in a diamonds exploration joint venture project, its managing director said on Thursday.BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount."We have put in an offer to the liquidator of BCL and we hope to get a response...Read More

GABORONE, June 7 (Reuters) - Private equity firm Cupric Canyon will begin construction of its Khoemacau copper project in Botswana in October, with first sales of the metal expected in 2021, a company executive said on Thursday.Sparsely-populated Botswana is the world's top diamond producer by value, but the government of the southern African country is trying to diversify the economy to reduce it...Read More

GABORONE, June 7 (Reuters) - Private equity firm Cupric Canyon will begin construction of its Khoemacau copper project in Botswana in October, with first sales of the metal expected in 2021, a company executive said on Thursday.Sparsely-populated Botswana is the world's top diamond producer by value, but the government of the southern African country is trying to diversify the economy to reduce it...Read More

(Reuters) - The S&P 500 opened little changed on Thursday after four days of gains, with a poor financial report from J.M. Smucker (SJM.N) pulling down packaged food makers and countering a boost for technology firms from the lifting of a ban on China’s ZTE Corp.The Dow Jones Industrial Average .DJI rose 45.75 points, or 0.18 percent, at the open to 25,192.14. The S&P 500 .SPX op...Read More

LONDON (Reuters) - The British government set out its plans for a one-year backstop plan for the Irish border on Thursday, finding an agreement on only part of what has become Prime Minister Theresa May’s biggest Brexit stumbling block - customs.But by setting a date on the plan for the standby arrangement to ensure no return of a hard border between Northern Ireland and EU member Ireland, M...Read More

RBC more than halved its PTI price targetProteostasis Therapeutics Inc (NASDAQ:PTI) has fallen to the bottom of the Nasdaq this morning, down 35% to trade at $3.19, after early stage data for the company's cystic fibrosis treatment disappointed analysts -- specifically, its inability to improve lung function. In response, RBC downgraded PTI stock to "sector perform" from "outperform," while more t...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More