* LME/ShFE arb: bit.ly/2wZSAEz* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Updates throughout, adds LONDON dateline)By Jan HarveyLONDON, May 25 (Reuters) - Aluminium rose 1 percent on Friday on lingering supply uncertainties, while lead headed for its biggest weekly increase since January 2017 as investors positioned for a deficit market and after a sharp decline in available stocks.The bat...Read More
LONDON (Reuters) - The euro slipped on Friday and is set for a sixth consecutive week of losses as concerns over Italy’s debt outlook weighed on sentiment, although losses were checked after North Korea said it was still open to resolving issues with the United States.Broader currencies remained in a range with investors digesting a week of heavy newsflow including broadly perceived dovish F...Read More
BEIJING (Reuters) - U.S. Commerce Secretary Wilbur Ross will visit China early next month for another round of talks amid ongoing trade frictions between the world’s two largest economies.Ross will visit China from June 2 to June 4, the official Xinhua news agency reported on Friday, adding that Vice Premier Liu He, China’s chief negotiator in the trade dispute, had spoken with Ross ov...Read More
BEIJING (Reuters) - U.S. President Donald Trump’s cancellation of a summit with North Korean leader Kim Jong Un threatens further strain on U.S.-China ties amid a trade dispute that had been intertwined with Beijing’s pressure on isolated Pyongyang.The United States and China are also increasingly at odds in the disputed South China Sea. The Pentagon this week withdrew an invitation fo...Read More
On Thursday, the bottoms held ingold and the metal rallied over $15, going back above $1,300. The bounce wasexpected based on the pattern that gold had been trading the last couple ofweeks. The $1,280 level held, and the rally was on as gold looks to make a runat $1,320.Did the cancelling of the NorthKorean summit help gold prices? In our opinion, the answer would be no; goldappeared to be ready t...Read More
On Thursday, the bottoms held in gold and the metal rallied over $15, going back above $1,300. The bounce was expected based on the pattern that gold had been trading the last couple of weeks. The $1,280 level held, and the rally was on as gold looks to make a run at $1,320. Did the cancelling of the North Korean summit help gold prices? In our opinion, the answer would be no; gold appeared to be...Read More
TORONTO, May 24, 2018-- Alamos Gold Inc. today reported new results from the ongoing surface and underground exploration drilling programs at the Island Gold Mine. Early results from the 2018 exploration ...Read full newsRead More
SEOUL (Reuters) - North Korea said on Friday it was still open to talks with the United States after President Donald Trump called off a summit with leader Kim Jong Un, saying it hoped the “Trump formula” could resolve the standoff over its nuclear weapons program.Trump on Thursday announced his withdrawal from what would have been the first-ever meeting between a serving U.S. presiden...Read More
May 24 (Reuters) - Real Gold Mining Ltd: * REN YANCHENG HAS BEEN APPOINTED AS AN EXECUTIVE DIRECTOR AND DEPUTY CHIEF EXECUTIVE OFFICER Source text for Eikon: Further company coverage:Read full newsRead More
TORONTO, May 24, 2018-- Alamos Gold Inc. today reported new results from the ongoing surface and underground exploration drilling programs at the Island Gold Mine. Early results from the 2018 exploration ...Read full newsRead More
* Spot gold up 0.9 percent on the week * Dollar rises to new 2018 high, pressuring gold * Prices likely to move lower -analyst (Updates prices)By Peter HobsonLONDON, May 25 (Reuters) - Gold prices steadied on Fridayafter Donald Trump said a meeting with North Korea's leadercould still go ahead, easing concerns that had driven gold above$1,300 an ounce the previous session when the U.S. presidentsa...Read More
TORONTO, May 24, 2018-- Alamos Gold Inc. today reported new results from the ongoing surface and underground exploration drilling programs at the Island Gold Mine. Early results from the 2018 exploration ...Read full newsRead More
JP Morgan’s Head of currencies, commodities, and EM research, Luis Oganes, expressed his take on gold prices in the coming years. Key Quotes: “Not surprised if gold surpasses the $1,700/oz target set for next year. Bullishness is related to the fact that US' expansionary phase is in the late cycle. Gold has historically rallied even after business cycle starts to turn. And als...Read More
"This week's move upward in the #nickel price due in part to this: Philippines govt passes legislation imposing a hefty tax on exports of unprocessed ore https://t.co/RY6h2bMGE8"Read full newsRead More
Carube Copper Corp. (TSXV:CUC) (theRead full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished lower Thursday after Donald Trump called off a summit meeting planned for next month with North Korea leader Kim Jong Un.Best Buy Co. (BBY) fell 6.6% despite quarterly profit beating Wall Street estimates. Weekly U.S. jobless claims rose 11,000 to 234,000, a seven-week high. Wall Street Ov...Read More
A key communications initiative in leading Australian gold miner Northern Star Resources' (ASX: NST) A$50 million (US$38 million), 10-year investment in underground excellence is likely to be in place this year.Staff reporterNorthern Star CEO Stuart Tonkin addresses the WA Mining Club25 MAY 201825/05/2018commentsshareOne of the initial aims of the programme is to set up a 4G LTE network undergroun...Read More
SHANGHAI, May 25 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar lost momentum and fell to a low of 93.6 last night as US President Donald Trump pulled out of the meeting with North Korea. It closed 0.2% lower at 93.78. Base metals rose for the most part with LME nickel leading the gains with a nearly 2% rise...Read More
(Updates with company's statement)By Sudarshan VaradhanTHOOTHUKUDI, India, May 24 (Reuters) - India's Tamil Nadu (NS:TNNP) state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources VED.L after 13 people died in protests demanding the closure of the plant on environmental grounds."The government's position is very clear, it...Read More
Northern Empire - The Sterling Gold Project Site VisitOn April 6th, I had the opportunity to visit Northern Empire's Sterling Gold Project, located north-west of Las Vegas, Nevada. My visit was great and really gave me a good perspective of the Sterling Gold Project's scale and its potential for further resource expansion.In particular, the Crown Block stood out as having great exploration poten...Read More