Gold prices on Thursday fell for a second straight session to hold ground at their lowest settlement in about five weeks, pressured by gains in the U.S. dollar and stock market. "What gold is looking for is a new consolidation range after the quick move back to the downside in the absence of safe-haven buying we saw earlier in April," said Jeff Wright, executive vice president at Gold Mining Inc....Read More
NEW YORK (Reuters) - Oil prices edged up on Thursday as the market weighed the risk of renewed U.S. sanctions on Iran and plunging Venezuelan output against a backdrop of strong demand, above all in Asia, the world’s biggest oil-consuming region.Global benchmark Brent crude futures LCOc1 were up 52 cents at $74.52 a barrel at 1:41 p.m. EDT (1741 GMT), while U.S. West Texas Intermediate (WTI)...Read More
Getty ImagesTrade had been expected to be a drag on first quarter growth. The numbers: The trade deficit in goods narrowed 10.3% to $68 billion, according to the government's advanced report released Thursday. This was the first narrowing of the deficit in seven months and came in well below the $73.4 billion estimate of economists polled by MarketWatch. The government's advanced report on wholes...Read More
NEW YORK/WASHINGTON (Reuters) - A federal judge ruled on Thursday that a court-appointed independent official called a special master should be the first to examine documents seized by FBI agents from U.S. President Donald Trump’s personal lawyer, Michael Cohen.The agents raided Cohen’s office and home on April 9, an action that infuriated the president. Prosecutors said they have been...Read More
BTL Group's (TSXV:BTL) CEO Dominic McCann shares his excitement about the release of their new blockchain platform Interbit.McCann says this will now allow companies to address cyber security by making data more secure.He says Interbit will allow mass processing of data to be more efficient and in return save costs.The new step for BTL is to get the word out about Interbit and showing companies ho...Read More
FRANKFURT (Reuters) - European Central Bank chief Mario Draghi played down concerns over softness in the euro zone economy on Thursday as the ECB sought to bolster expectations for a gradual withdrawal of the ECB’s monetary stimulus.Sources have told Reuters ECB policymakers were keen not to upset investor expectations that its 2.55 trillion-euro ($3.09 trillion) stimulus program would end t...Read More
Russia's leading coal producer, SUEK, has joined the World Coal Association (WCA), the only body acting internationally on behalf of the global coal industry. With 15 underground mines and 12 open pits in Siberia and the Far East of Russia, SUEK is one of the world's largest coal companies that produces higher-quality enriched coal."As the WCA continues to demonstrate the vital role coal plays in...Read More
(Reuters) - Facebook’s 9.4 percent jump after blockbuster results and gains in chipmakers powered technology stocks on Thursday, with easing U.S. bond yields helping the sentiment on Wall Street.The S&P technology index rose 2.2 percent, the biggest gainer among the 11 major S&P sectors, and was on track to break its six-day losing streak. Only six stocks in the 69-member index were...Read More
Copper Target Live – copper sell call 6e5 given at price 459.90 Achieved 1st Target 457.50 (Made CMP Low 457.50) Total Profit of 2.20 x 2 lot = 4.40 Points6e5 : Tips for Copper – SELL Copper at CMP 459.90 for Target 457.50 – 456 with SL Above price 462.60, RISK Taker trade 2 lotsAFTER POST CONTENT Read More
FRANKFURT (Reuters) - As Europe nears tough new privacy rules, Facebook (FB.O) reckons the worst that could happen is that users will share less data, making it harder to target ads on the social network that raked in revenues of $12 billion in the first quarter.That’s despite the furor sparked by its admission that the personal data of 87 million of its users was passed to a company, Cambri...Read More
WASHINGTON (Reuters) - The U.S. Senate confirmed CIA Director Mike Pompeo to be President Donald Trump's secretary of state on Thursday, ending a bruising confirmation fight with a comfortable vote.As senators continued to vote, the tally was 54-41 in favor of the Republican former member of the House of Representatives, meaning he was confirmed in the post. Pompeo had faced stiff resistance from...Read More
NEW YORK (Reuters) - Shares of smaller independent U.S. refiners with less complex facilities surged in the stock market in the first quarter as investors expect strong earnings growth thanks to a fall in price of their primary cost - light, sweet crude oil coming out of West Texas - to more than three year lows.Over the last 20 years, the nation’s biggest refiners spent billions building un...Read More
Mining Capital's Alastair Ford talk about the week in mining.He says copper prices will be interesting to watch and also if the demand for lithium will continue. Ford also highlighted some companies making news his week in including Thor Exploration (TSXV:THX) Meet Peninsula Mines Ltd and Silver City Minerals Ltd at our event,Sydney, 07 May 2018.Register here >>Read More
(Kitco News) - Gold and silver prices areweaker in early-afternoon U.S. trading Thursday. Gold prices dropped to afive-week low, while silver hit a three-week bottom. Slight gains seen at thestart of North American trading were eroded by late-morning as the U.S. dollar index pushed higher and hit another 3.5-month high. Gains in U.S. stock indexesamid an improvement in investor risk appetite today...Read More
(Kitco News) - Gold and silver prices are weaker in early-afternoon U.S. trading Thursday. Gold prices dropped to a five-week low, while silver hit a three-week bottom. Slight gains seen at the start of North American trading were eroded by late-morning as the U.S. dollar index pushed higher and hit another 3.5-month high. Gains in U.S. stock indexes amid an improvement in investor risk appetite t...Read More
(Kitco News)- The U.S. Dollar has pushed to itshighest level since mid-January, which has driven gold prices to a one-monthlow, but one gold market analyst said that it is essential for investors to payattention to the long-term trend.George Milling-Stanley, head of goldinvestments at State Street Global Advisors, the marketing agent of the largestgold-backed exchange traded fund, SPDR Gold Shares...Read More
(Kitco News) - The U.S. Dollar has pushed to its highest level since mid-January, which has driven gold prices to a one-month low, but one gold market analyst said that it is essential for investors to pay attention to the long-term trend.George Milling-Stanley, head of gold investments at State Street Global Advisors, the marketing agent of the largest gold-backed exchange traded fund, SPDR Gold...Read More
(Reuters) - The Labor Department is examining whether Wells Fargo & Co (WFC.N) pushed participants in low-cost corporate 401(k) plans to roll their holdings into more expensive individual retirement accounts at the bank, according to a person familiar with the inquiry the Wall Street Journal reported on Thursday.Labor Department investigators are also examining whether Well Fargo’s retir...Read More
Jonathan Satchell, chief executive of Learning Technologies PLC (LON:LTG) discusses with Proactive Investors their acquisition of digital human resources group PeopleFluent.A placing at 98p raised ?85mln to help fund the deal.PeopleFluent works for 50 of Fortune's list of top 100 US companies and generated sales of ?83mln and underlying profits [EBIT] of ?9.2mln in 2017. Meet Peninsula Mi...Read More
WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland will stay in Washington all of Thursday for talks on updating the North American Free Trade Agreement and no longer plans to attend a NATO summit in Brussels on Friday, a spokesman said.Freeland is in the U.S. capital for a third straight day of top-level negotiations with her Mexican and U.S. counterparts as they try to strike a q...Read More