Gold has not performed especially well as of late, especially when compared to other assets such as the S&P 500. One of the reasons for this is the strong dollar and the rising interest rate policy being embarked on by the Federal Reserve. There are several demand-side pressures on gold right now that should cause the price to move upward. It's possible that all of the major gold deposits worl...Read More
Argonaut Gold Inc:Read full newsRead More
Glencore's (LON:GLEN) copper operations in the Democratic Republic of Congo will soon be the target of British regulators, which are planning to open a formal bribery investigation into the company and its deals Dan Gertler, an Israeli mining tycoon implicated in the payment of bribes to the country's leader Joseph Kabila.An investigation by Britain's Serious Fraud Office (SFO) "would represent a...Read More
Glencore's (LON:GLEN) copper operations in the Democratic Republic of Congo will soon be the target of British regulators, which are planning to open a formal bribery investigation into the company and its deals Dan Gertler, an Israeli mining tycoon implicated in the payment of bribes to the country's leader Joseph Kabila.An investigation by Britain's Serious Fraud Office (SFO) "would represent a...Read More
"Bullish #nickel news continues apace: SHFE nickel price hits highest since June 2015 and INSG reports a 15.7kt supply deficit in March alone. https://t.co/I3kbjK32PG"Read full newsRead More
SHANGHAI, May 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US Treasury yield rose and with positive US economic data and a weakened euro, the US dollar hovered at five-month highs and closed 0.1% higher at 93.48 overnight.The US 10-year Treasury note yield hit a multiyear high Wednesday, topping 3.1% for the first...Read More
SHANGHAI, May 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US Treasury yield rose and with positive US economic data and a weakened euro, the US dollar hovered at five-month highs and closed 0.1% higher at 93.48 overnight.The US 10-year Treasury note yield hit a multiyear high Wednesday, topping 3.1% for the first...Read More
SHANGHAI, May 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US Treasury yield rose and with positive US economic data and a weakened euro, the US dollar hovered at five-month highs and closed 0.1% higher at 93.48 overnight.The US 10-year Treasury note yield hit a multiyear high Wednesday, topping 3.1% for the first...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished lower by nearly 55 points on Thursday..Laggards on the Dow included Walmart Inc. (WMT) and Cisco Systems Inc. (CSCO) , which declined by 2% and 3.7%, respectively.J.C. Penney Co. (JCP) fell 12.5% after the retailer issued a weak outlook. Wall Street Overview Stocks fell on Thursday,...Read More
The Thursday Market Minute: Global oil prices test $80 a barrel after U.S. supply dip.U.S. dollar holds gains, 10-year note yields top 3.11% on renewed inflation bets.Asia shares weaken, Europe Mixed as investors eye U.S.-China trade talks in Washington.Dow futures slip after eight-session winning streak; Walmart Q1 earnings in focus. Market Snapshot Global stocks retreated across the board Thu...Read More
In recent months, pundits have cautioned about a flattening yield curve, suggesting it may signal the end of the economic expansion, the end of Continue...Read More
SHANGHAI, May 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US Treasury yield rose and with positive US economic data and a weakened euro, the US dollar hovered at five-month highs and closed 0.1% higher at 93.48 overnight.The US 10-year Treasury note yield hit a multiyear high Wednesday, topping 3.1% for the first...Read More
Investing.com - Gold prices continued near December-lows on Thursday, as a stronger U.S. dollar and bond yields kept the price of bullion lower.Comex gold futures for June delivery were down 0.17% to $1,289.30 a troy ounce as of 10:25 AM ET (14:25 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields. . The U.S. dollar index, which measures the greenb...Read More
* Euro struggles near $1.18 mark* Dollar rise leaves Yen at weakest since January* Emerging market currencies suffer more falls overnight* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, May 17 (Reuters) - The euro fell towards a five-month low on Thursday as investors fretted about the demands of populist parties likely to form Italy's next government and as a fresh...Read More
(Adds comments on copper futures, analyst comment)By Sudarshan VaradhanNEW DELHI, May 17 (Reuters) - Vedanta Resources Plc's VED.L Thootukudi copper smelter, one of India's biggest, will remain shut until at least June 6, a lawyer petitioning against the plant reopening said on Thursday.The Tamil Nadu (NS:TNNP) Pollution Control Board has adjourned a hearing to grant Vedanta a renewal of consent...Read More
NEW DELHI, May 17 (Reuters) - Vedanta Resources Plc's VED.L Thootukudi copper smelter, one of India's biggest, will remain shut until at least June 6, said a lawyer petitioning against the plant reopening.The Tamil Nadu (NS:TNNP) Pollution Control Board has adjourned a hearing to grant Vendanta a renewal of consent to operate the smelter until that date, said V Ramasubbu, a lawyer fighting the r...Read More
Investing.com - Gold prices reversed early gains on Thursday, falling back towards the lowest levels since December as a stronger dollar and rising U.S. government bond yields continued to weigh on demand for bullion.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $3.50 or 0.27% to $1,288.00 a troy ounce by 04:20 AM ET (08:20 AM GMT), off an overn...Read More
* Euro struggles near $1.18 mark* Dollar rise leaves Yen at weakest since January* Emerging market currencies fall overnight* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, May 17 (Reuters) - The euro hovered near five-month lows on Thursday as investors fretted about the demands of Italian populist parties and as a fresh rise in U.S. government bond yields underpin...Read More
* Dollar index near fresh 5-month high brushed overnight* GBP up after report UK ready to stay in EU's customs union* Aussie, loonie, kiwi supported by ebb in risk aversion (Adds details and quotes, updates prices)By Shinichi SaoshiroTOKYO, May 17 (Reuters) - The dollar firmed on Thursday after the euro retreated to a five-month low on concerns political developments in Italy could cause wider dis...Read More
The latest news and price moves to start the Asian day on Friday May 18.Base metals prices on the London Metal Exchange ended mostly higher at the close of trading on Thursday May 17, with the three-month aluminium contract down 1% after a huge rewarranting of 138,650 tonnes at Port Klang in Malaysia. Read more in our live futures report.Here are how prices looked at the close of trading:The...Read More