African gold miner Randgold has ended a joint venture agreement in Mali with junior explorer Cradle Arc, Cradle Arc said on Wednesday, adding it would seek a new partner.Under the agreement begun in February 2016, Randgold held a 65 percent stake in the Kossanto West Gold Project licences, which will revert to Cradle Arc, now the 100 percent owner.Cradle Arc CEO Kevin van Wouw said Randgold had be...Read More

WASHINGTON (Reuters) - U.S. producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up.The Labor Department said on Wednesday its producer price index for final demand edged up 0.1 percent last month after increasing 0.3 percent in March.That...Read More

Both names have been heavily targeted by short sellersT2 Biosystems Inc (NASDAQ:TTOO) was upgraded to "buy" from "neutral" at Janney, after the sepsis specialist reported first-quarter revenue of $2.3 million -- well above the consensus estimate of $1.4 million. Leerink also chimed in, boosting its price target to $5 from $4 -- though this is still a discount to last night's close at $6.10. Nevert...Read More

The success of 'Black Panther' helped offset the struggling TV sectorShares of entertainment mogul Walt Disney Co (NYSE:DIS) are trading lower this morning, despite the company's fiscal second-quarter earnings beat. The firm said higher theme-park revenue and the success of "Black Panther" helped offset weakness in the TV division, and CEO Bog Iger teased the possibility of more "Avengers" movies...Read More

Saikat Chatterjee, Ritvik CarvalhoLONDON (Reuters) - The dollar’s near-5 percent rally against a basket of currencies in the space of just three weeks has brought it up against some critical technical levels, which could give fresh legs to the greenback if successfully broken.The initial catalyst was the realization that some of the world’s biggest central banks, notably the European C...Read More

Makini Brice, Susan HeaveyWASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday that three Americans detained by North Korea have been released and are on their way home with Secretary of State Mike Pompeo.Trump said he will greet Pompeo and the Americans when they land at Andrews Air Force Base outside Washington at 2 a.m. EDT (0600 GMT) Thursday morning.“I am pleased to info...Read More

(Kitco News)- Gold-backed exchange-traded fundssaw their most significant level of inflows last month in more than a year as gold prices rose to a two-month high, according to the latest data compiled by theWorld Gold Council.The monthly investment data showthat global gold ETFs increased their holdings by 72.2 tonnes to 2,481 tonnesin April. This is the second straight month of inflows and follow...Read More

(Kitco News) - Gold-backed exchange-traded funds saw their most significant level of inflows last month in more than a year as gold prices rose to a two-month high, according to the latest data compiled by the World Gold Council.The monthly investment data show that global gold ETFs increased their holdings by 72.2 tonnes to 2,481 tonnes in April. This is the second straight month of inflows and f...Read More

Analysts remain bullish on the social media giantFacebook Inc (NASDAQ:FB) stock is up 0.5% to trade at $179.78 this morning, after the company announced an extensive restructuring of executive responsibilities, including a new team dedicated to blockchain and privacy concerns. The company will now be divided into three divisions called "Family of apps," "New platforms and infra," and "Central pr...Read More

Copper Tips – BUY Copper at CMP 457.30 Add more if price 455.1 with SL 454 for Target 460 – 461.50AFTER POST CONTENT Read More

Kinross Gold Corp. is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.Mauritania's rejection of a key permit to expand a Kinross project, and a proposed mining code review in Ghana, dealt a double blow to the Toronto-based miner, sending its shares down the most...Read More

LONDON (Reuters) - U.S. asset manager MFS Investment Management said it will seek permission to create a European Union hub in Luxembourg as it positions itself for Britain’s exit from the bloc.MFS, which is owned by Canadian insurer Sun Life Financial (SLF.TO) and traces its roots to the launch of the first U.S. investment trust in 1924, has yet to make a final decision on the scale of any...Read More

Kinross Gold Corp. is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.Mauritania's rejection of a key permit to expand a Kinross project, and a proposed mining code review in Ghana, dealt a double blow to the Toronto-based miner, sending its shares down the most...Read More

(Reuters) - Wall Street was set to open higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.Oil rose more than 3 percent to 3-1/2 year highs after Trump announced the “highest level” of economic sanctions against the OPEC member, casting uncertainty ov...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump’s nominee to head the CIA will promise lawmakers on Wednesday she will never resume a program of harsh interrogations, often denounced as torture, that has been the major issue complicating her confirmation.Democratic senators have vowed to question nominee Gina Haspel, currently the spy agency’s acting director, about the issue at her...Read More

Standard Chartered says “the floor forprices has risen” in the gold market without requiring significant physicaldemand to cushion the downside. The precious metal remains range-bound -although at the lower end of the band - but price dips have not been deepenedby a soft physical market, the bank says. “We continue to expect prices to testthe downside in the lead-up to the June F...Read More

Standard Chartered says “the floor for prices has risen” in the gold market without requiring significant physical demand to cushion the downside. The precious metal remains range-bound - although at the lower end of the band - but price dips have not been deepened by a soft physical market, the bank says. “We continue to expect prices to test the downside in the lead-up to the J...Read More

Mexican authorities have granted Canada's First Majestic Silver (NYSE:AG) (TSX:FR) their antitrust clearance to go ahead with its planned acquisition of fellow miner Primero Mining (TSX:P), in a cash and stock deal valued at $320 million, including debt.The approval was the final government agency's permission the parties required to close the deal, Primero said in a statement.With the friendly...Read More

Mexican authorities have granted Canada's First Majestic Silver (NYSE:AG) (TSX:FR) their antitrust clearance to go ahead with its planned acquisition of fellow miner Primero Mining (TSX:P), in a cash and stock deal valued at $320 million, including debt.The approval was the final government agency's permission the parties required to close the deal, Primero said in a statement.With the friendly...Read More

Crude futures are trading higher this morningDow Jones Industrial Average (DJI) futures are trading above fair value, climbing alongside blue-chip energy stocks Chevron (CVX) and Exxon Mobil (XOM) as oil prices turn higher in the wake of the the U.S. decision to withdraw from the Iran nuclear agreement. At last check, June-dated crude futures are up 2.7% at $70.91 per barrel. Investors are also d...Read More