LONDON (Reuters) - The euro weakened below $1.23 on Friday and is poised for its biggest weekly drop in two months as investors trimmed record high bets before a European Central Bank meeting next week where policymakers are largely expected to signal no change in policy.Commodity currencies such as the Australian dollar and the Kiwi came under pressure thanks to a drop in Chinese stocks, while st...Read More
BEIJING (Reuters) - China will retaliate if the United States insists on initiating a trade war, China's ambassador to the United States was quoted as saying by the state news agency Xinhua on Friday.Speaking at an event held by the Fairbank Center for Chinese Studies at Harvard University this week, Cui Tiankai said any dispute should be worked out through dialogue and a trade war would poison th...Read More
CHICAGO (Reuters) - Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed.Sorghum is a niche animal feed and a tiny slice of the billions of dollars in exports at stake in the trade dispute between the world&...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
Holdings of gold by global exchange-traded fundshave now risen for 12 straight business days, analysts report. The ETFs tradelike a stock but track the price of the commodity, with metal put into storageto back the shares. Commodities brokerage SP Angel reports that ETFs added112,781 troy ounces to their holdings in the last trading session, taking totalaccumulation to 74.7 million ounces. Commerz...Read More
Just a week ago, gold appeared onthe verge of breaking out to the upside and traded as high as $1,369, makinghigher highs and higher lows. Out of nowhere, gold has reversed and is makinglower highs and lower lows, also known as the torture of a consolidatingmarket.On the other hand, silver hasbroken out to the upside and has one more hurdle to pass before it will beconsidered in an uptrend. With s...Read More
Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15 billion in diamond revenue, a legislator said on Friday.It will be Mugabe's first public appearance since last November when the army deposed him in a de facto coup after nearly four decades in power and he was replaced by President Emmerson Mnangagwa.The 94-year...Read More
April oil rally, tax stimulus, Fed 'feeds on itself': LovricsTraders take higher yields in stride, TIPs rally bluntedStrong Underlying Pressure Driving Inflation Globally Says Aviva's MunroRising inflation expectations in the world’s biggest economy are pushing up U.S. benchmark yields, putting pressure on rates to climb around the world and causing more than a few heads to swivel.Federal R...Read More
Highland Gold Mining Limited's (AIM:HGM) most recent return on equity was a substandard 4.85% relative to its industry performance of 11.12% over the past year. An investor may attribute anRead More...Read full newsRead More
Highland Gold Mining Limited's (AIM:HGM) most recent return on equity was a substandard 4.85% relative to its industry performance of 11.12% over the past year. An investor may attribute anRead More...Read full newsRead More
* Gold long positions being closed -analyst* Silver off 2-1/2-month highs hit in previous session* Platinum down from Thursday's 3-week highs * GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (New throughout, updates prices, market activity and comments,adds second byline, NEW YORK dateline)By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, April 20 (Reuters) - Gold prices eased onFriday and wer...Read More
BANGKOK - A court in Thailand found seven environmental activists not guilty Thursday of violating a law on public gatherings that imposes severe penalties for actions that disrupt public services.Read full newsRead More
A court in Thailand found seven environmental activists not guilty Thursday of violating a law on public gatherings that imposes severe penalties for actions that disrupt public services.Read full newsRead More
NEW YORK, NY / ACCESSWIRE / April 18, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...Read full newsRead More
Highland Gold Mining Limited's (AIM:HGM) most recent return on equity was a substandard 4.85% relative to its industry performance of 11.12% over the past year. An investor may attribute anRead More...Read full newsRead More
Highland Gold Mining Limited's (AIM:HGM) most recent return on equity was a substandard 4.85% relative to its industry performance of 11.12% over the past year. An investor may attribute anRead More...Read full newsRead More
Alrosa (MCX:ALRS), the world's top diamond producer by output, saw its total production fall by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.The Russian miner produced 7.4 million carats in the quarter, compared with 8.9 million carats in the same period of 2017, and 10 million carats in the pre...Read More
Gold struggles to find acceptance above $1,350. USD better bid, tracking a rise in Treasury yields. Gold (XAU/USD) faded spike to $1,354 yesterday as the rise in the treasury yields put a bid under the US dollar. As of writing, the yellow metal is changing hands at $1,342/Oz, representing a 0.30 percent drop on the day. Meanwhile, the dollar index (DXY) has hit an 11-day high of 89.74. The US tw...Read More
By Andy Home, columnist for ReutersSanctions fever has spread to nickel.With Russian aluminium producer Rusal imploding in the wake of U.S. sanctions against its oligarch owner Oleg Deripaska, attention is now turning to the status of another Russian industrial powerhouse, Norilsk Nickel.Deripaska is a 27.8 percent shareholder in Norilsk, while the oligarch behind the world's number two nickel pr...Read More
Global stocks were mixed Thursday as a surge in energy and commodity prices boosted benchmarks in Europe and Asia but reignited concerns that robust global economic growth could quicken the pace of inflation and lift government bond yields. Oil prices surged to the highest levels in more than two years overnight, thanks in part to a Reuters report that suggested Saudi Arabia, the...Read More