Recent News

Gold Slightly Up As U.S. Dollar Slips

June 04, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices aremodestly higher in early U.S. trading Monday. A weaker U.S. dollar index onthis day is working in favor of the precious metals markets bulls. August Comex gold futures were last up $1.80 an ounce at $1,301.10. July Comex silver waslast up $0.084 at $16.53 an ounce. Worldstock markets were mostly higher overnight. U.S. stock indexes are pointedtoward higher...Read More

2 Reasons Small-Caps Look Ripe for a Rally

June 04, 2018 / www.schaeffersresearch.com

Stocks have been all bark and no bite, stuck in a trading range -- but that could change "If a pullback occurs ... bulls want to see support on the SPY come into play between $266.86 -- its 2017 close -- and the $270.43 level."-- Monday Morning Outlook, May 14, 2018"[M]arket participants are currently at the ready to accumulate stocks or cover short positions at the slightest hint of a pullback .....Read More

Commerzbank: Expected Fed Hike To 'Keep The Gold Price In Check'

June 04, 2018 / www.kitco.com

Several factors could limit gold’s upside potential for now,says Commerzbank. On the news front, last week ended with astronger-than-forecast U.S. jobs report for May, with unemployment continuingto fall but wages rising more than expected, pointing to inflation risks, thebank says. “The U.S. Fed is likely to see this as confirmation that its cycleof rate hikes is appropriate,” C...Read More

Commerzbank: Expected Fed Hike To 'Keep The Gold Price In Check'

June 04, 2018 / www.kitco.com

Several factors could limit gold’s upside potential for now, says Commerzbank. On the news front, last week ended with a stronger-than-forecast U.S. jobs report for May, with unemployment continuing to fall but wages rising more than expected, pointing to inflation risks, the bank says. “The U.S. Fed is likely to see this as confirmation that its cycle of rate hikes is appropriate,&rdq...Read More

RT @ArianaResources: Turkish Central Bank buying continues at a pace

June 04, 2018 / www.middleeasteye.net

Commercial banks are putting gold into Turkey's central bank to help deal with rapid inflationRead full newsRead More

UPDATE 1-Sterling hits 7-day high as dollar wilts, data beats expectations

June 04, 2018 / www.kitco.com

* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds quote, data, context.)LONDON, June 4 (Reuters) - Sterling rose to a seven-day high on Monday as the dollar fell and data on Britain’s construction sector narrowly beat expectations.In May, the pound fell 3.43 percent versus the dollar, its biggest monthly decline...Read More

For India's central bank, it's a choice between a rate hike now and August

June 04, 2018 / www.kitco.com

MUMBAI (Reuters) - India’s central bank is getting poised to raise interest rates for the first time since January 2014, analysts say - the question is whether this will happen on Wednesday or in August.The anticipated increase could put a dent in growth, which has recovered after blows from the November 2016 demonetisation and the bumpy July 2017 launch of a national goods and services tax....Read More

Net exports help Greek economic recovery gain traction in first quarter

June 04, 2018 / www.kitco.com

ATHENS (Reuters) - Greece’s economy grew for a fifth straight quarter in January-to-March and at a faster pace than in the previous three months, helped by stronger exports, the statistics service (ELSTAT) said on Monday.Seasonally adjusted data showed gross domestic product grew 0.8 percent in the first quarter compared to an upwardly revised 0.2 percent in October-to-December.The data sugg...Read More

Technical Analysis Versus News

June 04, 2018 / www.kitco.com

For years, there has been an argument about technical analysis -- whether or not it works for gold and silver. Many believe that the metals are manipulated, and technical analysis does not work on gold and silver. The facts are simple. Technical analysis always works, giving traders and investors a leg up on those who try to play the news and fundamentals. They may not always be right, but they al...Read More

Technical Analysis Versus News

June 04, 2018 / www.kitco.com

For years, there has been anargument about technical analysis -- whether or not it works for gold and silver.Many believe that the metals are manipulated, and technical analysis does notwork on gold and silver.The facts are simple. Technicalanalysis always works, giving traders and investors a leg up on those who tryto play the news and fundamentals. They may not always be right, but theyalways gi...Read More

Weekly Outlook & Analysis: EUR/USD GBP/USD, Oil, Gold & more [Video]

June 04, 2018 / www.fxstreet.com

  Find trade set ups with the Weekly Forex Forecast technical analysis and market review! This weeks Weekly Forex Forecast and technical analysis covering 10 markets includes the following - Pairs and markets analysed this week: USD Index, Crude Oil, EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCHF, USDCAD and GOLD. Highlighted in the video are key areas of support and resistance which look...Read More

Tanzania to issue mining licences through cabinet approval

June 04, 2018 / dlvr.it

Tanzania will issue large-scale mining licences only after cabinet approval, a senior official said on Friday, part of new measures aimed at further tightening control of the industry.Read full newsRead More

Bonterra Resources drills 2.8m of 34g/t Au at Gladiator

June 04, 2018 / www.stockwatch.com

Mr. Nav Dhaliwal reportsBONTERRA FURTHER EXTENDS THE GLADIATOR GOLD DEPOSIT TO THE WEST INTERSECTS 34.3 G/T AU OVER 2.8 M IN THE NORTH ZONEBonterra Resources Inc. has released the latest drilling results from the continuing resource development program at the Gladiator gold deposit, including an intersection of 34.3 grams per tonne gold over 2.8 metres, which further extended the south zone to the...Read More

Bonterra Resources drills 2.8m of 34g/t Au at Gladiator

June 04, 2018 / www.stockwatch.com

Mr. Nav Dhaliwal reportsBONTERRA FURTHER EXTENDS THE GLADIATOR GOLD DEPOSIT TO THE WEST INTERSECTS 34.3 G/T AU OVER 2.8 M IN THE NORTH ZONEBonterra Resources Inc. has released the latest drilling results from the continuing resource development program at the Gladiator gold deposit, including an intersection of 34.3 grams per tonne gold over 2.8 metres, which further extended the south zone to the...Read More

PRECIOUS-Gold firms as dollar wilts; U.S. rate view curbs gains

June 04, 2018 / www.kitco.com

* Gold holds in range after falling 0.6 pct last week * Money manager net platinum short hits record levels -ING * GRAPHIC-2018 asset returns: (Updates prices)By Jan HarveyLONDON, June 4 (Reuters) - Gold edged higher on Monday,supported by a retreat in the dollar as Italian political riskreceded, though the prospect of another rise in U.S. interestrates kept a lid on gains.The metal fell on Friday...Read More

INK Canadian Insider Index pauses again, ends week at 1293.82

June 04, 2018 / www.canadianinsider.com

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider index began last week with a continued correction that saw it successfully retest its 50-day moving average at 1280 before catapulting as high as 1303.10. However, the 1300 level proved too challenging to overcome for an extended period, and the Index pulled back...Read More

Macro Roundup (Jun 4)

June 04, 2018 / news.metal.com

SHANGHAI, Jun 4 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index closed at 94.179 last Friday, slightly down over the week. The index registered a six-month high of around 95.02 in the middle of last week and then lost the gains. The strong performance of US nonfarm payrolls further fuelled the anticipation of...Read More

Macro Roundup (Jun 4)

June 04, 2018 / news.metal.com

SHANGHAI, Jun 4 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index closed at 94.179 last Friday, slightly down over the week. The index registered a six-month high of around 95.02 in the middle of last week and then lost the gains. The strong performance of US nonfarm payrolls further fuelled the anticipation of...Read More

Macro Roundup (Jun 4)

June 04, 2018 / news.metal.com

SHANGHAI, Jun 4 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index closed at 94.179 last Friday, slightly down over the week. The index registered a six-month high of around 95.02 in the middle of last week and then lost the gains. The strong performance of US nonfarm payrolls further fuelled the anticipation of...Read More

Macro Roundup (Jun 4)

June 04, 2018 / news.metal.com

SHANGHAI, Jun 4 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index closed at 94.179 last Friday, slightly down over the week. The index registered a six-month high of around 95.02 in the middle of last week and then lost the gains. The strong performance of US nonfarm payrolls further fuelled the anticipation of...Read More

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