(Kitco News) - Gold and silver prices aremodestly higher in early U.S. trading Friday. The precious metals markets arebenefiting from a downside correction in the U.S. dollar index late this week,after the index had scored a 4.5-month high a few days ago. Some short coveringin the futures markets and bargain hunting in the cash markets are featured ingold and silver late this week, as there are no...Read More

LONDON (Reuters) - Shares rose worldwide on Friday, getting a boost from soft U.S. inflation numbers that helped soothe worries of faster Fed monetary tightening and pushed the dollar to its lowest for a week.The MSCI All Country World Index, which tracks shares in 47 countries, was up nearly 0.4 percent and was set for its strongest week since March 9. The dollar fell 0.2 percent against a basket...Read More

LONDON (Reuters) - Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand.The United States plans to reintroduce sanctions against Iran, which pumps about 4 percent of the world’s oil, after abandoning a deal reached in la...Read More

Mr. Peter Grosskopf reportsSPROTT ANNOUNCES 2018 FIRST QUARTER RESULTS Sprott Inc. has provided its financial results for the three months ended March 31, 2018. Financial overview for the quarter ended March 31, 2018:Assets under management (AUM) were $11.6-billion as at March 31, 2018, compared with $7.3-billion as at Dec. 31, 2017.Total net revenues (net of commission expenses, trailer fees, sub...Read More

Mr. Peter Grosskopf reportsSPROTT ANNOUNCES 2018 FIRST QUARTER RESULTS Sprott Inc. has provided its financial results for the three months ended March 31, 2018. Financial overview for the quarter ended March 31, 2018:Assets under management (AUM) were $11.6-billion as at March 31, 2018, compared with $7.3-billion as at Dec. 31, 2017.Total net revenues (net of commission expenses, trailer fees, sub...Read More

WASHINGTON (Reuters) - As U.S. President Donald Trump prepares to deliver a long-anticipated speech on Friday on curbing prescription drug costs, health industry insiders expect little in the way of policies that would hurt the drugmakers he once accused of “getting away with murder.”The speech will address the high prices set by drugmakers, rising costs for consumers and barriers to n...Read More

* Southern European debt in demand in “buy the dip” trade* Italian yields 4 bps lower, still 10 bps higher for the week* Italy’s League says leaving the euro not a priority* Draghi to speak on Friday afternoon* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Rewrites top of story)By Abhinav RamnarayanLONDON, May 11 (Reuters) - Investors bought up Italian government bond...Read More

LONDON (Reuters) - The dollar consolidated gains on Friday and is set for a fourth consecutive week of gains as markets grow optimistic about the outlook for the U.S. currency in the coming weeks despite notching up some relatively quick recent gains.While some investors have been quick to point to the widening interest rate differentials in favor of the United States as a significant factor in th...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

(Kitco News) - Wheaton Precious Metals Corp. (TSX, NYSE:WPM) late Thursday reported higher first-quarter adjusted earnings and alsoannounced a new streaming agreement with First Majestic Silver Corp.(NYSE: AG; TSX: FR).Excluding special items, adjusted net earnings were $70million, or 16 cents per share, compared with $61 million, or 14 cents, for thesame period in 2017.Net earnings were $68 milli...Read More

South Africa'sImpala Platinum (Implats) is seeking tenders to build a tailings or waste storage facility at its Marula mine in a positive sign for a site recovering from community protests that sent its shares higher.The company posted an advertisement on Friday in the local Mail & Guardian newspaper seeking tenders for the project. Bidders are required to "use 100 percent unskilled local labour"...Read More

Yesterday we wrote that themetals were getting ready to make a big move in either direction based on thepattern that was being formed. Gold has rallied from a low of $1,304 and is nowtrading at $1,325, and silver has traded as low as $16.30, now $16.80. Has thebig move started?Both metals are approaching keyresistance levels -- gold at $1,328 and silver at $17. If they can breakthrough those level...Read More

* Banks call for visa waiver for internal staff moves * Banks seek to avoid immigration caps after Brexit* Report warns sector will suffer without access to talent(Adds comment from Home Office)By Andrew MacAskill and Huw JonesLONDON, May 11 (Reuters) - Global banks in Britain arecalling for a special work visa waiver after Brexit to preservethe City of London's standing as a top global financial...Read More

Gold held the 200 dma & March low at 1303.5/1302.5 as expected reaching targets 1315, 1318 before a high at 1322. Holding above 1318/16 is a short term buy signal targeting strong resistance at 1325/27 for some profit taking on any remaining longs. A break above 1328 however targets 1330/31 & 1333/35. Support in the 1318/14 area should hold the downside but below here targets 1310/1308 bef...Read More

Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More

Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More

Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More

Prospectors first found gold in Oregon in 1851 and they're still shouting Eureka today. Gold is closer than most people think too.Read full newsRead More

Ethiopia has suspended a gold mining firm's license after weeks of protests in a town near the mine by local people who accuse the company of polluting their source of water and the atmosphere, a government official said.Read full newsRead More

Randgold Resources Ltd. fell the most in 18 months in London after a series of setbacks across its African mines hit both earnings and gold production.Read full newsRead More