ANKARA (Reuters) - President Hassan Rouhani hinted on Monday that Iran could remain in its 2015 nuclear deal with world powers even if the United States dropped out but Tehran would fiercely resist U.S. pressure to limit its influence in the Middle East.U.S. President Donald Trump, a long-time critic of the deal reached between Iran and six powers in 2015 before he took office, has threatened to p...Read More
(Kitco News) - Gold begins the week on a defensive note as the dollar continues well bid. It remains a case where comparisons show U.S. growth continues to outperform the E.U. and Japan. The euro could not recover the 1.20 euro/dollar level last week and the technical picture suggests further “short-term” dollar strength. Repatriation of corporate overseas dollar holdings has also adde...Read More
(Kitco News) - Gold and silver prices are weaker in early U.S. trading Monday. A higher U.S. dollarindex that scored another four-month high overnight continues to cast a bearishshadow over the precious metals markets. June Comex gold futures were last down$3.20 an ounce at $1,311.40. July Comex silver was last down $0.079 at $16.44an ounce. Worldstock markets were mostly firmer overnight. U.S. st...Read More
Home to $36.58 billion in assets under management as of May 3, the SPDR Gold Shares GLD, +0.02% is the world's largest exchange traded fund backed by physical holdings of gold. While GLD remains the go-to choice among gold ETFs for many professional investors due to robust liquidity and tight spreads, it has been losing market share to lower costs rivals, such as the iShares Gold Trust IAU, +0.00%...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
Adds background on Cadia mine, previously announced FY production)May 7 (Reuters) - Australia's biggest gold miner Newcrest Mining Ltd said on Monday its expects its flagship Cadia mine to return to full production rates by the end of June.The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend, after receiving approval from the New South Wales Department of P...Read More
The struggles for gold continue, as commercials are short the metal in record numbers. Interestingly enough, their short position in silver has never been this small. The commercials aren't always right, but it's hard to fight them because of the amount of capital they have at their disposal. Gold remains weak and every rally is met by sellers, with gold making lower highs and lower lows, indicati...Read More
Rescue teams have yet to reach three miners who were trapped underground after an earth tremor at a Sibanye Gold Ltd. mine in South Africa triggered a cave-in that killed at least four people.Read full newsRead More
A mining company in South Africa says four workers have died and two others are missing after an earth tremor caused a rockfall at a gold mine.Read full newsRead More
1. Tesla's financials are horrible and worsening even BEFORE massive competition begins arriving later this year; 2. Tesla has no "moat" of any kind; 3.. A "bet on Elon" is a bet on someone who can't be trusted.Read full newsRead More
Gold jumps higher on the US Dollar's short pause, falls back again as USD buying resumes. Gold's recovery is beginning to face challenges as the US DOllar keeps the precious metal under pressure. Gold is whipping on Monday, kicking off the week with a quick spike to 1,319.00 before sinking back into 1,315.00 ahead of the European market session. The US Dollar has temporarily paused its b...Read More
(Refiles to remove repeated comment) * Dollar index edges back towards Friday's four-month high * Specs cut net long positions in gold in week to May 1 * GRAPHIC-2018 asset returns: By Jan HarveyLONDON, May 7 (Reuters) - Gold fell on Monday, snappingthree days of gains as the dollar index rose back towards its2018 peak and last week's soft U.S. jobs data did little todampen optimism about the worl...Read More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Obtaining mineral rights is easy through America's antiquated system. Doing anything with them is hard.Read full newsRead More
BULLHEAD CITY - Northern Vertex Mining Corporation announced Thursday the completion of five gold shipments from the Moss Mine.Read full newsRead More
A mining company in South Africa says seven workers died and six were rescued after an earth tremor caused a rock fall at a gold mine. The Sibanye-Stillwater company said Saturday that 13 miners had been trapped at the Masakhane mine in Driefontein after the 2.2-magnitude quake on Thursday....Read full newsRead More
Learn more about this industry and why, for most investors, it's a better option than bullion or mining companies.Read full newsRead More
Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has give...Read More
Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has give...Read More