(Kitco News) - All the trade war rhetoric between the U.S. and China is creating demand for gold, with Chinese investors embracing gold ETFs as a safe-haven option in case things get worse.China’s Bosera Gold ETF is on track to see biggest gains since being listed in Shenzhen in 2014 after already adding $553.8 million this year, Bloomberg reported.Bosera is the top third commodity ETF of 20...Read More
Tech strength drives equities higher, metals and oil gainChina said to weigh yuan depreciation; Hang Seng up over 1%Pelosky Global Advisors Sees a 'Real Opportunity in Small CapsThe rally in U.S. stocks faltered in the final hour of trading, with a report that federal agents raided the offices of President Donald Trump’s lawyer adding to the swoon. Equities finished higher on the strength o...Read More
Matt Spetalnick, David BrunnstromWASHINGTON (Reuters) - North Korea has told the United States for the first time that it is prepared to discuss the denuclearization of the Korean Peninsula when North Korean leader Kim Jong Un meets President Donald Trump, a U.S. official said on Sunday.U.S. and North Korean officials have held secret contacts recently in which Pyongyang directly confirmed its wil...Read More
Andrew Torchia, Bernardo VizcainoDUBAI/SYDNEY (Reuters) - In Dubai’s decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s top center for gold trade, bullion is playing a new role in financial engineering.A local start-up company founded last year, OneGram, is issuing a gold-backed cryptocurrency — part of...Read More
Tom PolansekCHICAGO (Reuters) - Chicago Federal Reserve Bank President Charles Evans, one of the Fed’s most dovish policymakers, said Saturday that he is optimistic inflation will reach the Fed’s 2 percent goal and that slow, gradual rate increases will be appropriate.“Fiscal policy has been much more supportive of further growth and so the need for accommodative monetary policy...Read More
BEIJING (Reuters) - Chinese state media on Sunday called on industrial and commercial sectors in the United States to rally against President Donald Trump’s plans for an additional $100 billion in tariffs against Chinese goods.Trump threatened the extra tariffs after China last week imposed $3 billion of tariffs on U.S. fruits, nuts, wine and pork, just hours after the United States unveiled...Read More
Michelle Price, Sarah N. LynchWASHINGTON (Reuters) - U.S. President Donald Trump predicted on Sunday that China would take down its trade barriers, expressing optimism despite escalating trade tensions between the world’s two largest economies that have roiled global markets in the past week.The two countries have threatened each other with tens of billions of dollars’ worth of tariffs...Read More
The International Centre for Settlement of Investment Disputes rejected a motion introduced by BSG Resources to throw out a final report that ruled out the existence of forged signatures in documents pertaining the Simandou iron ore project in Guinea.The information was made public by The Wall Street Journal, whose journalists had access to a procedural order.BSGR, the mining arm of billionaire Be...Read More
MIT researchers published a paper this week where they explain that thin layers of solid oxide protective coating for metals can deform as if they were liquid, filling any cracks and gaps as they form.In a press release, the scientists explain that the coating layer should be especially useful to prevent the leakage of tiny molecules such as the hydrogen gas used to power fuel-cell cars or tritium...Read More
MIT researchers published a paper this week where they explain that thin layers of solid oxide protective coating for metals can deform as if they were liquid, filling any cracks and gaps as they form.In a press release, the scientists explain that the coating layer should be especially useful to prevent the leakage of tiny molecules such as the hydrogen gas used to power fuel-cell cars or tritium...Read More
Six people were killed and two were injured after the roof of the reclaim tunnel at the Ahafo Mill Expansion project in Ghana collapsed. The project is run by US-based Newmont Mining Corporation (NYSE: NEM).The site is located in the Brong Ahafo region, some 307 kilometres from Accra. Other workers were evacuated and operations have been suspended to allow for an investigation into the causes of t...Read More
The former first lady's police report did not deter them. Quite the opposite happened. Local media in Zimbabwe report today that a larger group of artisanal miners has settled on Grace Mugabe's farm in Mazowe, about 40 kilometres north of Harare. The miners say they won't leave unless president Emmerson Mnangagwa asks them to.The new arrivals have started digging for gold using pickaxes, hoes and...Read More
U.S.-based construction firm Fluor Corp subcontracted earth-moving work on the Quellaveco copper mine in Peru to local company Grana y Montero, in a sign the stalled $5 billion project could be reactivated.Grana said in a statement it had won a tender from Fluor for $53.9 million for work on Quellaveco, which is controlled by miner Anglo American. The work would last about 16 months, Grana said.Fl...Read More
U.S.-based construction firm Fluor Corp subcontracted earth-moving work on the Quellaveco copper mine in Peru to local company Grana y Montero, in a sign the stalled $5 billion project could be reactivated.Grana said in a statement it had won a tender from Fluor for $53.9 million for work on Quellaveco, which is controlled by miner Anglo American. The work would last about 16 months, Grana said.Fl...Read More
Investing.com - Gold prices may continue to be underpinned by safe haven demand and a softer dollar in the coming week after rising on Friday amid renewed fears over trade tensions between the U.S. and China and after a weaker than expected U.S. jobs report.Metals traders will be watching developments relating to trade policy as tensions between the world’s two largest economies continue to...Read More
It's not just the potential for gold mining that makes this property a glittering proposition.Read full newsRead More
One paved road leads in and out of Rochford, a remote Pennington County town at the center of a heated debate over a proposal to mine for gold in a pristine part of the northern Black Hills.With permits in hand, a Canadian prospecting company has begun drilling exploratory holes just south of Rochford...Read full newsRead More
Canadian Mining Firm Abandons Gold to Focus on Crypto MiningRead full newsRead More
Analyst Andrew Kaip with BMO Capital Markets provided an update on what transpired during the period in which his firm was prohibited from writing about this miner.Read full newsRead More
It's not just the potential for gold mining that makes this property a glittering proposition.Read full newsRead More