LONDON (Reuters) - The euro's rally on Monday fizzled as a more-dovish-than-expected central bank meeting last week continued to weigh on the single currency, while a revival in risk appetite hurt the dollar against higher-yielding currencies.Strong U.S. jobs numbers and receding fears over a trade war helped a rebound in markets, and when markets have rallied this year the euro has tended to bene...Read More
(Kitco News)- Gold continues to see selling pressure as both theshort-term fundamentals and the technical picture have deteriorated. Gold'sfailure to break above the $1,337 level early last week and the subsequentbreak of $1,322 overnight suggests the technical picture may have turnedbearish. The FOMC meeting next week is expected to bring a 25-basis-pointincrease in rates, especially after Friday...Read More
Gold might be range-bound lately but the metalis still holding up due to its safe-haven status, says commodities brokerage SPAngel. Stock-index futures are pointing to a higher open on Wall Street in thewake of Friday’s news that the U.S. economy added 313,000 jobs last month. Butwhile lower, gold has not sold off sharply. “The precious metal still holds itshaven status, remaining pers...Read More
(Kitco News) - Gold is lower again this morning and last week's rally to $1,340 is a distant memory. The only thing that can help gold here is the oversold conditions and a dead-cat bounce. The pattern in gold is ugly, making lower highs and lower lows. Now, $1,300 is the key level that gold must hold or $1,240 is in the cards. There are so many things that are in play here when it comes to the me...Read More
(Kitco News)- Gold is lower again this morningand last week's rally to $1,340 is a distant memory. The only thing that canhelp gold here is the oversold conditions and a dead-cat bounce. The pattern ingold is ugly, making lower highs and lower lows. Now, $1,300 is the key levelthat gold must hold or $1,240 is in the cards.There are so many things that arein play here when it comes to the metals. T...Read More
The board of directors at Stellar Diamonds (LON:STEL) recommended Monday a merger with Australia's Newfield Resources (ASX: NWF), which also operates in Sierra Leone.The all-share takeover by the Sydney-listed company offers 0.76 Newfield shares for each Stellar one, valuing the diamond miner at ?7.74 million (about $10.8 million).Under the deal, Newfield will lend Stellar $3 million to help it...Read More
The board of directors at Stellar Diamonds (LON:STEL) recommended Monday a merger with Australia's Newfield Resources (ASX: NWF), which also operates in Sierra Leone.The all-share takeover by the Sydney-listed company offers 0.76 Newfield shares for each Stellar one, valuing the diamond miner at ?7.74 million (about $10.8 million).Under the deal, Newfield will lend Stellar $3 million to help it...Read More
* Stocks jump to two-week high after U.S. data* Report shores up bets on more U.S. rate hikes* GRAPHIC-2018 asset returns: (Updates prices, adds comment)By Jan HarveyLONDON, March 12 (Reuters) - Gold fell on Monday as theprevious session's upbeat U.S. payrolls data sparked a freshrally in stock markets and shored up expectations that theFederal Reserve would press ahead with further interest rater...Read More
(Kitco News) - Gold continues to see selling pressure as both the short-term fundamentals and the technical picture have deteriorated. Gold's failure to break above the $1,337 level early last week and the subsequent break of $1,322 overnight suggests the technical picture may have turned bearish. The FOMC meeting next week is expected to bring a 25-basis-point increase in rates, especially after...Read More
(Kitco News)- Goldprices are again moderately lower in early U.S. trading Monday. Growing riskappetite in the world marketplace at present is prompting selling pressure inthe safe-haven metals. U.S. and world stock markets have made solid reboundsfrom the sharp losses seen in January and February. April Comex gold futures were last down $6.20 an ounce at $1,317.80. May Comex silver was last down $...Read More
"If the market is destined to chop in the days ahead, the put-heavy [SPY] 270 strike is one to watch as potential overhead resistance. Although this wasn't the case when equities rebounded from their lows early last month, often times put-heavy strikes like 270, after being broken, act as resistance on the rally back."-- Monday Morning Outlook, March 5, 2018$VIX closed below 18.30-18.66 area for s...Read More
• Fails to build on Friday’s rebound amid fading safe-haven demand. • A goodish pickup in the US bond yields adds to the downward pressure. • Weaker USD helps limit immediate sharp downfall. Gold extended its post-NFP consolidative price action and remained confined within a narrow trading range around the $1320-25 band. W...Read More
Used in everything from autos to appliances, copper is widely watched as an economic bellwether - and this same relationship makes it a good inflation hedge.Read full newsRead More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
Last week's other top-gaining TSXV-listed mining stocks were Meridian Mining, DLV Resources, Inter-Rock Minerals and Red Eagle Exploration.Read full newsRead More
There's a strange thing about the fear going through the global mining industry after the Democratic Republic of Congo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.The existing 2 percent rate on copper extraction compares with royalties five times that level in Chile and Peru, the two biggest producers.Even at the new 3.5...Read More
There's a strange thing about the fear going through the global mining industry after the Democratic Republic of Congo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.The existing 2 percent rate on copper extraction compares with royalties five times that level in Chile and Peru, the two biggest producers.Even at the new 3.5...Read More