South African gold miner Harmony Gold raised just over 1.05 billion rand ($82 million) via the issue of new shares, it said on Wednesday, raking in cash to pay down debt used for an acquisition.Harmony took out loans to partly fund the $300 million acquisition of the Moab Khotsong mine earlier this year in a deal that the company said would significantly boost its operational cash flow.The com...Read More

Just hours after we warned that it was time to start worrying about China's debt default avalanche, and shortly after the PBOC lowered its credit quality restrictions for collateral, China offered its Medium-term Lending Facility (MLF) to inject CNY463bn (~$72bn) of liquidity.Read full newsRead More

Outflows of North American gold-backed exchange traded funds (ETFs) rose in May, as volatility in the gold market dragged prices lower, the World Gold Council said on Wednesday.The ETFs lost nearly 30 tonnes worth $1.2 billion, compared with inflows of 43.7 tonnes worth $1.9 billion in April, as the dollar in which gold is priced rose and prospects of higher U.S. interest rates made gold less attr...Read More

Outflows of North American gold-backed exchange traded funds (ETFs) rose in May, as volatility in the gold market dragged prices lower, the World Gold Council said on Wednesday.The ETFs lost nearly 30 tonnes worth $1.2 billion, compared with inflows of 43.7 tonnes worth $1.9 billion in April, as the dollar in which gold is priced rose and prospects of higher U.S. interest rates made gold less attr...Read More

San Diego, CA - DeepGreen Metal's (DeepGreen) research vessel, the Maersk Launcher, has returned to port in San Diego today, Monday, June 4th, after nearly two months at sea. This is the third of seven campaigns to pursue the evaluation of deep ocean metals, which will be indispensable for powering a low-carbon and high-tech economy - battery storage systems, electric vehicles, smart phones, wi...Read More

Acoustic Zoom is proud to announce it has closed a US$1 million investment from Goldcorp Inc., one of the world's leading gold producers. Acoustic Zoom, an advanced geophysics company specializing in innovative seismic solutions, was awarded the top prize at #DisruptMining 2018, an innovation accelerator designed to encourage new technologies and ideas to solve some of the biggest challenges in...Read More

Angola, the world's fifth-largest diamond producer, is working on easing up its restrictive legislation over the industry in order to attract more foreign investment, up production and secure higher government revenue.The country has historically had in place limiting rules over diamond operations, including not allowing foreigners to hold a majority stake and a requirement to sell all precious s...Read More

Angola, the world's fifth-largest diamond producer, is working on easing up its restrictive legislation over the industry in order to attract more foreign investment, up production and secure higher government revenue.The country has historically had in place limiting rules over diamond operations, including not allowing foreigners to hold a majority stake and a requirement to sell all precious s...Read More

The 20-day moving average (MA) continues to cap upside in the yellow metal. A key descending trendline has been breached. Gold (XAU/USD) failed to take out the descending (bearish) 20-day MA yesterday and was last seen trading largely unchanged on the day at $1,297. The moving average has played a spoilsport since mid-May and proved a tough nut to crack even during the last week's Italy-led...Read More

SHANGHAI, Jun 6 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite upbeat economic data, the US dollar weakened and fell below 94 overnight to close at 93.86. The euro rose following a report that the European Central Bank would discuss an exit from its quantitative easing program next week, which eased worries over the It...Read More

SHANGHAI, Jun 6 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite upbeat economic data, the US dollar weakened and fell below 94 overnight to close at 93.86. The euro rose following a report that the European Central Bank would discuss an exit from its quantitative easing program next week, which eased worries over the It...Read More

SHANGHAI, Jun 6 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite upbeat economic data, the US dollar weakened and fell below 94 overnight to close at 93.86. The euro rose following a report that the European Central Bank would discuss an exit from its quantitative easing program next week, which eased worries over the It...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Nasdaq  rose modestly Tuesday and posted a new record close of 7,637.Apple Inc. (AAPL) shares were up 0.77% to a record high of $193.31 following announcements on Monday from the tech giant's Worldwide Developers Conference.Twitter Inc. (TWTR)  will be added to the S&P 500 later this week. The stock rose 5% on...Read More

The Tuesday Market Minute Global stocks continue to grind higher as tech bulls maintain broader market optimism.Nasdaq futures suggest tech-focused benchmark will add to record close at the opening bell.Twitter shares surge in pre-market trading ahead of placement in S&P 500 index.European stocks edge higher, paced by tech gains and solid service sector activity, as political tensions ease.O...Read More

The latest news and price moves to start the Asian day on Wednesday June 6.Zinc prices on the London Metal Exchange ended 2.4% higher at the close of trading on Tuesday June 5, reaching the highest level since April 24, while three-month nickel and copper also finished strongly. Read more in our live futures report.Here are how prices looked at the close of trading:The US aluminium billet upcharge...Read More

SHANGHAI, Jun 6 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite upbeat economic data, the US dollar weakened and fell below 94 overnight to close at 93.86. The euro rose following a report that the European Central Bank would discuss an exit from its quantitative easing program next week, which eased worries over the It...Read More

SHANGHAI, Jun 6 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite upbeat economic data, the US dollar weakened and fell below 94 overnight to close at 93.86. The euro rose following a report that the European Central Bank would discuss an exit from its quantitative easing program next week, which eased worries over the It...Read More

(Updates with U.S. markets' closing levels)* MSCI global stock index eases* Copper rises amid wage talks at world's largest mine* Oil prices end higherBy Caroline ValetkevitchNEW YORK, June 5 (Reuters) - The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the euro recovered after Italy's new prime minister said the go...Read More

* U.S. stocks mostly gain, Nasdaq hits a record high* Copper rises amid wage talks at world's largest mine* Oil prices end higherBy Caroline ValetkevitchNEW YORK, June 5 (Reuters) - U.S. stocks mostly edged higher on Tuesday as technology shares extended recent gains while U.S. Treasury yields fell on safe-haven buying after Italy's new prime minister outlined new economic policies that could add...Read More

* Stocks mostly ease, though Nasdaq hits a record high* Copper rises amid wage talks at world's largest mine* Trade discussions a worry for investors (Updates to noon trading in U.S. markets; changes dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, June 5 (Reuters) - Stocks on world indexes edged lower and the Mexican peso and Canadian dollar fell on Tuesday amid concerns over a trade w...Read More