LONDON (Reuters) - European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources said.Although European governments have not followed Washington by creating new sanctions, banks, insurers and shippers are gradually severing ties with Iran under pressur...Read More

Gold may need a fresh catalyst to surge again, says Lukman Otunuga, research analyst at FXTM. As of 9:05 a.m. EDT, spot metal was $2.30 higher to $1,298.10 an ounce. “There is a possibility that safe-haven gold could be waiting for the G7 [Group of 7] summit on Friday to make its next big move,” Otunuga says. “Although global trade fears remain a dominant market theme, the yellow...Read More

Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More

Today we take a very brief tour into the wide world of heme malignancies.Interesting developments from big pharma could spur competition, particularly in myeloma.TPT subscribers gained exclusive access to a discussion on an under-the-radar anti-B-cell drug.Welcome to "Mining ASCO 2018's Gold," a series dedicated to helping you identify upcoming investment gems in biotech based on under-reported st...Read More

SAN FRANCISCO/NEW YORK (Reuters) - Volatility could well be in the cards for Wall Street again early this fall, but not for the same reason stocks got rattled in February.This time the culprit would be the largest-ever shakeup of the stock market’s broad business sectors, which will mean some of the hottest stocks, like Facebook and Google parent Alphabet, will shift from their traditional h...Read More

Impala Platinum (JSE:IMP), the world's No. 2 producer of the metal, said on Wednesday it had resolved a long-standing legal dispute with Zimbabwe by agreeing to give up almost half of its mining land to the government.In exchange, the Zimbabwean government has given Zimplats two leases valid for the life of its operations. The South African miner, known as Implats, said that in exchange for relea...Read More

Impala Platinum (JSE:IMP), the world's No. 2 producer of the metal, said on Wednesday it had resolved a long-standing legal dispute with Zimbabwe by agreeing to give up almost half of its mining land to the government.In exchange, the Zimbabwean government has given Zimplats two leases valid for the life of its operations. The South African miner, known as Implats, said that in exchange for relea...Read More

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

(Kitco News) - Gold prices aretrading slightly lower in early U.S. trading Wednesday. However, price actionthis week has seen stabilization in the yellow metal, which does favor thebulls. More upside price action this week would produce positive chart signalsto suggest a near-term market bottom is in place. August Comex gold futureswere last down $0.80 an ounce at $1,301.40. July Comex silver was...Read More

(Reuters) - An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by Reuters, driving prices up faster than inflation and wage growth.After losing over a third of their value a decade ago, which led to the financial crisis and a deep recession, U.S. house prices have regained those losses - led by a...Read More

(Kitco News)- Gold prices continue to meander in a tight range, with anysignificant break-out likely to await the Fed meeting next week. Yesterday'scomment from a member of the ECB that the conclusion of the QE program may beplausible by year-end provided some lift to the euroand modest buying in gold. It is unlikely gold will break through the recent$1,287 - $1,307 range until the Fed decisionis...Read More

(Kitco News) - Gold prices continue to meander in a tight range, with any significant break-out likely to await the Fed meeting next week. Yesterday's comment from a member of the ECB that the conclusion of the QE program may be plausible by year-end provided some lift to the euro and modest buying in gold. It is unlikely gold will break through the recent $1,287 - $1,307 range until the Fed decis...Read More

WASHINGTON (Reuters) - Facebook Inc (FB.O) said Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world’s third largest smartphone maker, which has come under scrutiny from U.S. intelligence agencies on security concerns.The social media company said Huawei (002502.SZ), computer maker Lenovo Group (0992.HK), and smartphone makers OPPO and TCL...Read More

Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More

Goldcorp Inc. (TSX: G; NYSE: GG) has signed an impacts and benefitsagreement (IBA) with three First Nation communities, including Brunswick House First Nation, ChapleauCree First Nation and Chapleau Ojibwe First Nation, for the development andoperation of the Borden gold project in northern Ontario, the company says. TheIBA is a milestone marking the first time these three First Nation commun...Read More

* Euro boosted by upbeat ECB comments * ECB to discuss unwinding QE this month* Speech by Italian PM Conte mixed blessing for euro* C$, Mexico peso hit by fears US may abandon NAFTALONDON, June 6 (Reuters) - The euro rose to a 10-day high onWednesday after officials said the European Central Bank (ECB)could wind down its stimulus programme by end-2018 and thatinflation was rising back to its targe...Read More

(Kitco News) - Gold heldby global exchange-traded funds increased by 15 tonnes in May, led by increased activity in Europe and Asia,according to the World Gold Council (WGC).Holdings stood at 2,484 tonnes at the end of the month, the organization saidWednesday.This was the third straight month of inflows, which followed April’s impressive increase of 72.2 tonnes that marked thelargest l...Read More

(Kitco News) - Gold held by global exchange-traded funds increased by 15 tonnes in May, led by increased activity in Europe and Asia, according to the World Gold Council (WGC). Holdings stood at 2,484 tonnes at the end of the month, the organization said Wednesday.This was the third straight month of inflows, which followed April’s impressive increase of 72.2 tonnes that marked the larg...Read More

June 6 (Reuters) - The Perth Mint's sales of gold productsfell about 2.4 percent in May from a month earlier, the lowestin over a year, while silver sales rose about 21 percent, themint said on Wednesday. Sales of gold coins and minted bars fell to 14,800 ounces inMay from 15,161 ounces in April, it said in a blog post on itswebsite.Gold sales were down about 50 percent compared with the samemonth...Read More

MUMBAI (Reuters) - Growing inflation concerns prompted India’s central bank to raise its policy rate for the first time in over four years on Wednesday, but it surprised some economists by keeping its stance “neutral” instead of changing to “tighten”.The Reserve Bank of India’s Monetary Policy Committee (MPC) lifted the repo rate INREPO=ECI by 25 basis points to...Read More