As U.S. President Donald Trump signed proclamations Thursday imposing 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada, other nations have expressed their desire to join the lucky duo.European Trade Commissioner Cecilia Malmstrom said that the EU was a close ally of the United States and should also be exempt from metals tariffs.On t...Read More

“So it begins.” This is what King Theoden said right before the Battle of Helm’s Deep in the Lord of the Rings. Fortunately, the army of Uruk-hai doesn’t threaten the kingdom of men. But something else – also dreadful – endangers us. Trade wars. Are Trade Wars Good? President Trump shook the world last week, saying: “(…) trade wars are good, and eas...Read More

Gold decline resumes after ECB meeting.  US Dollar rebounds on easing fears of a global trade war.  Gold dropped further and reached at $1318.80/oz the lowest level since last Friday. The metal was holding near the lows, trading around $1320,  $20 below yesterday’s high.  The decline was triggered by a rally of the US Dollar across the board. The greenback was modestly...Read More

It was a wishy-washy session for U.S. stocks, as traders awaited and then reacted to President Trump's highly anticipated tariff plan. The Dow was up triple digits in early trading, but spent the afternoon waffling on both sides of breakeven, before Trump signed steel and aluminum tariffs that exclude fellow NAFTA members Canada and Mexico. By the close, however, the blue-chip index landed firmly...Read More

Bitcoin's Tokyo Whale revealed on Wednesday that he has sold off about $400 million in bitcoin and bitcoin cash since late last year...Read full newsRead More

Rusty Hutson from Diversified Gas & Oil (LON:DGO) tells Proactive daily gas production has doubled following the acquisition of Appalachian Basin gas producer Alliance Petroleum.The deal has now completed for a total consideration of US$95mln ( ?66.9mln) comprising the purchase price of US$70mln plus US$25mln of debts.Hutson also says the planned acquisition of CNX in on track to be completed...Read More

WASHINGTON/SANTIAGO (Reuters) - President Donald Trump was set to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Trump has offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade,” a gesture aimed at putt...Read More

WASHINGTON/SANTIAGO (Reuters) - President Donald Trump was set to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Trump has offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade,” a gesture aimed at putt...Read More

WASHINGTON/SANTIAGO (Reuters) - President Donald Trump was set to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Trump has offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade,” a gesture aimed at putt...Read More

Zanaga Iron Ore Company Ltd (LON:ZIOC) shares dropped 9.9% to 13.75p in late afternoon trading, as the iron ore developer said it is aiming for a low capital cost operation at its flagship Zanaga Iron Ore Project in the Republic of Congo.   The AIM-listed company said a funding agreement with FTSE 100-component Glencore PLC (LON:GLEN) was signed for a 2018 work program with a budget...Read More

(Kitco News)- Althoughgold prices are struggling to find enough momentum to push through its elevatedtrading range, one fund manager said that it wouldn’t take much to drive pricesto new multi-year highs.Ina webinar at the start of the week, Will Rhind, CEO of GraniteShares, whichmanages the new gold-backed ETF (NYSE: BAR), said that he could see gold pricespush to $1,475 an ounce if gold fo...Read More

(Kitco News) - Although gold prices are struggling to find enough momentum to push through its elevated trading range, one fund manager said that it wouldn’t take much to drive prices to new multi-year highs.In a webinar at the start of the week, Will Rhind, CEO of GraniteShares, which manages the new gold-backed ETF (NYSE: BAR), said that he could see gold prices push to $1,475 an ounce if...Read More

MEXICO CITY, March 8 (Reuters) - Mexican stocks rose and the peso currency hit an over one-week high on Thursday after the Associated Press reported that Mexico and Canada would be excluded from U.S. tariffs on steel and aluminum imports.The benchmark S&P/BMV IPC stock index was up 1.17 percent while the peso gained more than 0.4 percent to trade at 18.6295 per dollar, its strongest since Feb....Read More

SANTIAGO (Reuters) - Eleven countries including Japan and Canada signed a landmark Asia-Pacific trade agreement without the United States on Thursday in what one minister called a powerful signal against protectionism and trade wars.In Washington, U.S. President Donald Trump vowed to press ahead with a plan to impose tariffs on steel and aluminum imports, a move that other nations and the Internat...Read More

NEW YORK (Reuters) - The three major U.S. stock indexes gained ground on Thursday after a report that all countries could negotiate for exclusions from President Donald trump’s proposed metals tariffs and that Canada and Mexico could be exempted indefinitely.The Associated Press cited unnamed sources for its report less than an hour ahead of Trump’s expected announcement.“If you...Read More

NEW YORK (Reuters) - The Federal Reserve bought $3.374 billion of agency mortgage-backed securities in the week from Mar. 1 to Mar. 7, compared with $2.985 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments on the agency debt and agency...Read More

(Reuters) - The S&P 500 was roughly flat on Thursday and oscillated between positive and negative territory as investors were nervous of making bets ahead of an announcement from President Donald Trump on metal tariffs after a volatile week marked by worries about a potential trade war.Trump is expected to formalize 25 percent import duties on steel and a 10 percent tariff on aluminum at 3:30...Read More

NEW YORK (Reuters) - The White House has made preliminary plans for a meeting on Monday between rivals in the corn and oil industries to discuss potential changes to the nation's biofuels policy, two sources familiar with the planning told Reuters.Unlike previous meetings on the issue, President Donald Trump will not be in attendance, the sources said on Thursday, though agency leaders and executi...Read More

Shares in Zanaga Iron Ore Company (LON:ZIOC) dropped 15% in London on Thursday after the company detailed its change of focus to a small-scale early production operation at its flagship Republic of Congo project.AIM-listed Zanaga, worth $50m after today's pullback, announced a $1.5m agreement with Glencore (LON:GLEN) for a 2018 work program on the early production project at the property located c...Read More

The Dow was up triple digits earlier today on reports President Donald Trump will exempt Canada and Mexico from the steel and aluminum tariffs he's expected to implement later today. And while the blue-chip index has since erased these gains, the iShares MSCI Mexico Capped ETF (EWW) is keeping its head above water, last seen up 0.2% at $50.56. The fund's options pits are bustling, too, with one tr...Read More