(Kitco News) - The gold market has been fairly resilient in the face of a three-week rally in the U.S. dollar and now that momentum in the greenback is starting to weaken, analysts say that gold has an opportunity to push back to the top end of its trading range.Ending a three-week losing streak, gold prices are looking to close the latest week with modest gains. June gold futures last traded at $...Read More

Several drug stocks made outsized moves this weekThe Dow is on pace to score a seven-day winning streak -- its longest winning streak since November -- to close out the week in the black, thanks to a combination of cooling inflation data and rising oil prices. The S&P 500and Nasdaqshould log solid weekly wins as well, with the latter eyeing a six-day winning streak of its own. President Donald T...Read More

By David Hodari LONDON--Copper prices edged higher Friday, building on Thursday's gains as inventories continued to fall and the dollar's recent rally stalled. The base metal was up 0.16% at $6,928 a metric ton in late morning trade. Gold, meanwhile, rose 0.25% to $1,324.53 a troy ounce, heading for its first weekly gain in the past month. The U.S. dollar's resurgence was put on pause by Thurs...Read More

* LME/ShFE arb: bit.ly/2wZSAEz* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Updates prices and lead, adds Glencore, Indonesia)By Zandi ShabalalaLONDON, May 11 (Reuters) - Aluminium fell to its lowest in a week on Friday and ended the week in negative territory as the market corrected after a recent price surge on U.S. sanctions against the world’s largest producer and its major shareho...Read More

NEW YORK (Reuters) - The U.S. dollar eased on Friday while an index of world stock markets gained and was poised for its best week since early March, as moderate inflation eased worries over a faster pace of U.S. interest rate hikes and boosted risk appetite.The dollar fell for a third day against a basket of major currencies as traders booked recent gains tied to widening interest rate gaps in fa...Read More

Today Zinc Free Tips – Buy Zinc at CMP 207.50 for Target 208.80 – 209.80 with SL below price 206.30AFTER POST CONTENT Read More

WASHINGTON (Reuters) - The U.S. International Trade Commission said on Friday it had made a final finding in a dumping investigation that imports of tool chests and cabinets from China and Vietnam were harming U.S. producers.The decision paves the way for the U.S. Commerce Department to slap duties of up to 327 percent on the goods for a five-year initial period.Last month, the Commerce Department...Read More

(Reuters) - The initial public offering of Chinese game-streaming platform Huya Inc on the New York Stock Exchange was priced at $12 per share, a source familiar with the matter said on Thursday, at the upper-end of the indicated price range.Huya offered 15 million American Depository Shares (ADS), raising $180 million. The company had indicated a price range of $10-$12 each.Following the offering...Read More

The market's 'fear gauge' is staring at its longest losing streak in nearly a yearU.S. stocks are trading modestly higher at midday, with healthcare taking the lead ahead of a 2 p.m. ET speech on drug pricing by President Donald Trump. The Dow Jones Industrial Average (DJI) is pacing for a seventh straight win, which would mark its longest winning streak since November. The S&P 500 Index (SPX) i...Read More

NEW YORK (Reuters) - The U.S. economy is likely growing at a 2.97 percent annualized pace in the second quarter, little changed from the 2.96 percent rate calculated a week earlier, the New York Federal Reserve's Nowcast model showed on Friday.This week's data on import, producer and consumer prices led to virtual no change on the regional central bank's model to estimate the gross domestic produc...Read More

A long call spread could be one possible way to trade the Chinese tech stockChinese internet stock Baidu Inc (NASDAQ:BIDU) was upgraded to "market perform" from "underperform" and saw its price target hiked to $305 from $240 at Bernstein. The brokerage firm projected 20% growth for the company following a recent string of divestitures -- including the sale of its food delivery firm to Alibaba's (B...Read More

Aluminium Tips – SELL Aluminium at CMP 155 for Target 154.10 – 153.60 with SL Above price 156. Risk Taker trade 2 lotsAFTER POST CONTENT Read More

(Reuters) - U.S. stocks posted slight gains on Friday as a rise in healthcare shares ahead of President Donald Trump’s speech on drug pricing more than made up for losses in Symantec and Nvidia.The president is expected to renew his focus on controlling prescription drug prices in a highly anticipated speech at 2:00 p.m. ET.“It’s relatively quiet in terms of drivers today. Trump&...Read More

LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/HEY, BIG SPENDERS?The recent U.S. tax changes are estimated to have reduced annual personal taxes by $115.5 billion. That means more money in the pockets of consumers, who drive two-thirds of the economy. Now that the personal income tax...Read More

(Kitco News) - Gold prices have lost their modest early gains in late-morning actionFriday. Generally weaker prices across the raw commodity futures spectrum areprompting a bit of selling interest in the precious metals markets. A lack offresh, bullish fundamental news for the gold and silver traders is also addingsome downside pressure. Junegold was last down $1.40 an ounce at $1,321.00. By Jim W...Read More

(Kitco News) - Gold prices have lost their modest early gains in late-morning action Friday. Generally weaker prices across the raw commodity futures spectrum are prompting a bit of selling interest in the precious metals markets. A lack of fresh, bullish fundamental news for the gold and silver traders is also adding some downside pressure. June gold was last down $1.40 an ounce at $1,321.00. By...Read More

(Kitco News) - WallStreet and Main Street are both heavily bullish on the near-term direction ofgold prices, based on the Kitco News weekly gold survey.Thetraders and analysts who take part in the Wall Street poll cite mostlytechnical-chart factors - in particular, gold’s ability to hold around the200-day moving average and the psychologically important $1,300-an-ounce levelduring a recent p...Read More

(Kitco News) - Wall Street and Main Street are both heavily bullish on the near-term direction of gold prices, based on the Kitco News weekly gold survey.The traders and analysts who take part in the Wall Street poll cite mostly technical-chart factors - in particular, gold’s ability to hold around the 200-day moving average and the psychologically important $1,300-an-ounce level during a re...Read More

LONDON (Reuters) - Britain’s Electoral Commission imposed a record-matching 70,000 pound fine on Friday on one of the main groups that campaigned for Brexit, and said police might have to investigate possible criminal offenses because of unreported campaign spending.The Leave.EU campaign said it would challenge the finding that it had breached a spending limit by failing to declare at least...Read More

Stocks in our "Pharmaceuticals and Biotechnology" category have struggled in 2018President Donald Trump is expected to announce a plan to lower drug prices today, which should puthealthcare sector in focus on Wall Street. This group has struggled in 2018, illustrated by a recent email sent out by Schaeffer's Quantitative Analyst Chris Prybal showing the extreme underperformance of the 20 names tha...Read More