Tetsushi KajimotoTOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that he would closely watch the United States’ move to impose tariffs on up to $60 billion of Chinese goods.Aso made the comment just hours after U.S. President Donald Trump signed a presidential memorandum that will target Chinese imports, though only after a 30-day consultation period.China will have space...Read More

(Kitco News) - Gold prices quickly climbed in Asian trading on Friday, as investors rushed to safety amid escalating fears of a trade war following U.S. President Donald Trump’s announcement of tariffs on Chinese goods.April Comex gold futures jumped to $1,336.70, up 0.70% on the day, while spot gold on Kitco.com was last trading at $1,337.00, up 0.63% on the day.By Anna Golubova For Kitco N...Read More

(Kitco News) - Gold prices quickly climbed in Asian trading on Friday, as investors rushed to safety amid escalating fears of a trade war following U.S. President Donald Trump’s announcement of tariffs on Chinese goods.April Comex gold futures jumped to $1,336.70, up 0.70% on the day, while spot gold on Kitco.com was last trading at $1,337.00, up 0.63% on the day. By Anna Golubova For Kitco...Read More

Richard CowanWASHINGTON (Reuters) - Legislation to fund the government beyond Friday, which was on a fast track toward passage by the U.S. Congress, hit a bump on Thursday as Republican Senator Rand Paul employed procedural delays while he hunkered down to read the 2,232-page tome.Earlier on Thursday, Republican leaders rushed the $1.3 trillion bill, which would fund the government until Oct. 1, t...Read More

Shinichi SaoshiroTOKYO (Reuters) - Stock markets slid and perceived havens such as government bonds and the yen gained on Friday as investors rushed to safety after U.S. President Donald Trump announced long-promised tariffs on Chinese goods, stoking fears of a global trade war.Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China,...Read More

Adam JourdanSHANGHAI (Reuters) - China unveiled plans on Friday to impose tariffs on up to $3 billion of U.S. imports in retaliation against U.S. tariffs on Chinese steel and aluminum products, as the world’s two largest economies stood on the brink of a trade war.China was considering a 15 percent tariff on U.S. products including dried fruit, wine and steel pipes and a 25 percent tariff on...Read More

(Kitco News) - Gold prices are going up this year and the U.S. dollar will be the yellow metal’s primary driver, said one precious metals expert.“Which way the dollar moves … will be key for gold,” partner at Vertical Research Michael Dudas told CNBC on Wednesday. “[The U.S. dollar] has been the most important pressure on gold prices that we witnessed over the last f...Read More

(Kitco News) - Gold prices are going up this year and the U.S. dollar will be the yellow metal’s primary driver, said one precious metals expert.“Which way the dollar moves … will be key for gold,” partner at Vertical Research Michael Dudas told CNBC on Wednesday. “[The U.S. dollar] has been the most important pressure on gold prices that we witnessed over the last f...Read More

CloseGain/LossGold $1328.30-$5.10Silver$16.39-$0.21XAU79.39-1.49%HUI171.70-1.60%GDM601.72-1.28%JSE Gold1089.96+23.19USD89.78+0.13Euro123.11-0.36Yen95.09+0.47Oil$64.30-$0.8710-Year2.821%-0.061T-Bond144.90625+1.40625Dow23957.89-2.93%Nasdaq7166.68-2.43%S&P2643.69-2.52% The Metals: Gold chopped between $1327.50 and $1333.80 in Asia before it fell to a new session low of $1324.80 in early after...Read More

- Gold gained 1.8% and silver 2.5% to $1,333/oz and $16.60/oz yesterday- Gold climbs as Fed increases interest rates by 0.25% - now 1.5% to 1.75% range- Dovish Fed Chair Powell plans fewer than expected rate hikes in 2018- Markets disappointed at lack of hawkish comments from new Fed Chair - Dollar LIBOR rises to highest level since November 2008 - $200 trillion worth of dollar-denominated fi...Read More

- Gold gained 1.8% and silver 2.5% to $1,333/oz and $16.60/oz yesterday- Gold climbs as Fed increases interest rates by 0.25% - now 1.5% to 1.75% range- Dovish Fed Chair Powell plans fewer than expected rate hikes in 2018- Markets disappointed at lack of hawkish comments from new Fed Chair - Dollar LIBOR rises to highest level since November 2008 - $200 trillion worth of dollar-denominated fi...Read More

SHANGHAI (Reuters) - China’s commerce ministry said on Friday that the country was planning measures against up to $3 billion of U.S. imports to balance U.S. tariffs against Chinese steel and aluminum products, amid a brewing trade war between the two countries.The country has put together a list of 128 U.S. products that could be targeted if the two countries are unable to reach an agreemen...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday chose as his new national security adviser John Bolton, a hawk who has advocated using military force against Iran and North Korea and has taken a hard line against Russia.Trump said in a tweet that Bolton would replace H.R. McMaster, his current national security adviser. Bolton, 69, who has long been a polarizing figure in Washington...Read More

A combination of factors, which have had a profound impact on the U.S. equities markets, have resulted in U.S. equities trading dramatically lower and moving into corrective territory. These factors have also created bullish tailwinds for gold prices.As of 4:00 PM Eastern standard time, gold futures are trading up $7.50 on the day at $1,330 per ounce. Higher gold prices have moved in tandem with a...Read More

A combination of factors, which have had a profound impact on the U.S. equities markets, have resulted in U.S. equities trading dramatically lower and moving into corrective territory. These factors have also created bullish tailwinds for gold prices.As of 4:00 PM Eastern standard time, gold futures are trading up $7.50 on the day at $1,330 per ounce. Higher gold prices have moved in tandem with a...Read More

22 March 2018 - De Beers Group today announced that its Forevermark diamond brand will enter the German market for the first time after signing with an exclusive licensee partner, and is in advanced-stage discussions with potential partners in France and Italy. The expansion into new European markets comes on the back of successful global performance throughout 2017 and in 2018 to date.In Germany,...Read More

The US Federal Reserve increased the federal funds rate to 1.75 percent, resulting in a weaker dollar and a soaring gold price.Read full newsRead More

Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL), tells Proactive they achieved a new production record at the Blanket mine in Zimbabwe, unearthing 56,133 ounces of gold in 2017, some 11.5% more than in the preceding year.Curtis also discusses the recent moves to relax the indigenisation policy in Zimbabwe and how Caledonia plans to take a much larger stake than it curr...Read More

FTSE 100 closes 1.23% lowerReckitt Benckiser wanted after it walks away from Pfizer consumer healthcare purchaseBoE keeps key interest rate unchanged but two committee members vote for a quarter-point rise FTSE 100 tanked 1.23% on the day to close at 6,952, below the 7,000 level.The mid-cap FTSE 250 index lost even more, plunging 1.39%, or 274 points at 19,393 as the markets digested a streng...Read More

China unveiled plans on Friday to impose tariffs on up to $3 billion of U.S. imports in retaliation against U.S. tariffs on Chinese steel and aluminum products, as the world's two largest economies stood on the brink of a trade war.China was considering a 15 per cent tariff on U.S. products including dried fruit, wine and steel pipes and a 25 per cent tariff on pork products and recycled aluminium...Read More