(Kitco News) - Large speculators scaled back their bullish positioningin gold futures during the most recent reporting week for data compiled by theCommodity Futures Trading Commission. In fact, commodities brokerage SP Angel reports thatbullish bets are now at the lowest level in more than two years. During the week-long period covered by the report, Comex June gold fell $23.40 to $1,290.30 an ou...Read More

(Kitco News) - Large speculators scaled back their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission. In fact, commodities brokerage SP Angel reports that bullish bets are now at the lowest level in more than two years. During the week-long period covered by the report, Comex June gold fell $23.40 to $1,290.30 an...Read More

Progress was made in trade talks between the U.S. and China over the weekendDow Jones Industrial Average (DJI) futures are red-hot this morning, up more than 200 points amid growing optimism over U.S.-China trade talks. "We are putting the trade war on hold," Treasury Secretary Steve Mnuchin told Fox News on Sunday, after the two countries made significant progress toward a deal on Saturday. Elsew...Read More

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross will travel to China next week to help finalize a trade agreement after Washington and Beijing reached an initial framework last week, U.S. Treasury Secretary Steven Mnuchin said on Monday.“Secretary Ross has to go over and turn that into a signed piece of paper with companies,” Mnuchin told reporters at the White House. &ldquo...Read More

* LME/ShFE arb: bit.ly/2wZSAEz* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Adds official midday prices/details)By Maytaal AngelLONDON, May 21 (Reuters) - Copper rose to a one-week high on Monday as fears over a U.S.-China trade war eased, countering the impact of a rising dollar, while nickel came under pressure from falling ferrous metals prices in China.The dollar hit a five-month high ve...Read More

Acquires two nickel-copper-cobalt projects in latest deal with EMXRead full newsRead More

LONDON (Reuters) - British Prime Minister Theresa May's spokesman said on Monday the government could not comment on why Russian billionaire Roman Abramovich's visa was yet to be renewed.Abramovich, best known in Britain as the owner of Premier League soccer club Chelsea, is in the process of renewing his visa as part of a standard procedure after it expired last month but it is taking longer than...Read More

The mid-week release of the Fed minutes could put the brakes on bullish momentum"If a pullback occurs this expiration week, bulls want to see support on the SPY come into play between $266.86 -- its 2017 close -- and the $270.43 level... there is the possibility that the 275 strike acts as a magnet, as sellers of the calls are forced to buy S&P futures to maintain a neutral position in a process c...Read More

(Kitco News) - Gold prices are moderately down and hit another five-month low in early U.S. tradingMonday. The U.S. dollar index continues its northerly trek and hit a six-monthhigh overnight. The appreciating greenback has been a major bearish outsidemarket force working against the precious metals markets for the past twomonths. Upbeat risk appetite in the marketplace is also keeping buyers away...Read More

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MANILA (Reuters) - The Philippines expressed “serious concerns” over the presence of China’s strategic bombers in the disputed South China Sea and its foreign ministry has taken “appropriate diplomatic action”, the spokesman of President Rodrigo Duterte said on Monday.China’s air force said bombers such as the H-6K had landed and taken off from islands and reefs...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

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

Gold hit its lowest level of 2018 early Monday, pressured by newsthat the U.S. and China have essentially declared a truce on the trade-warfront, say BMO Capital Markets and SP Angel. As of 7:38 a.m. EDT, Comex Junegold was $6.80 lower to $1,284.50 an ounce and bottomed at $1,281.20. “Safe-haven interest lulled, drawing gold to the lowest levelthis year after [U.S.] Treasury Secretary Steven...Read More

(Reuters) - General Electric Co (GE.N) confirmed on Monday it will merge its transportation business that makes train engines with Wabtec Corp (WAB.N), a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.GE and its shareholders will own 50.1 percent of the combined company, while Wabtec shareholders will own the rest, the companies said in a statement.Re...Read More

(Reuters) - U.S. regional bank Fifth Third Bancorp (FITB.O) on Monday said it would buy MB Financial Inc (MBFI.O) in a stock-and-cash deal valued at about $4.7 billion.Each MB Financial shareholder will receive $54.20, comprising 1.45 shares of Fifth Third common stock and $5.54 in cash, a 24 percent premium to MB Financial’s last close.Fifth Third Bank, which operates 1,300 branches and 2,6...Read More

BEIJING (Reuters) - China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China’s refusal to surrender.The cooling of tension elicited mixed reactions from U.S. business leaders dealing with China, with some happy to see the prospect of...Read More

Argonaut Gold Inc:Read full newsRead More

LONDON (Reuters) - Oil rose on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China “on hold”.Brent crude futures were up 35 cents at $78.86 a barrel at 0845 GMT, having hit a high above $80 last week, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents to $71.57 a barrel.A possible U.S....Read More

(Kitco News)- Over the weekend, the big newswas the possible deal made with China and the United States on the trade warsand tariffs. Sunday night on the initial opening of the markets, gold hoveredaround the unchanged line before selling off and testing very near our $1,280target, trading at $1,281.20.Gold held that low and we wouldconsider that close enough to our target. We are now looking to b...Read More