Worries about a trade war halted the slide in gold last week thathad threatened to carry prices below $1,300 an ounce, says Standard Chartered.“Expectations of a steeper hiking trajectory have weighed on gold, coupled witha stronger USD [U.S. dollar], but gold also caught a safe-haven bid on the backof the uncertainty surrounding the possibility of a global trade war,” the banksays. &l...Read More
Torsten Hoffmann, chief operating officer at Silence Therapeutics PLC (LON:SLN) chats to Proactive's Andrew Scott following the release of their preliminary 2017 results.Hoffmann says the big focus for them is working towards filing their first GalNAc-siRNA CTA (clinical trial authorisation) for the treatment of liver-related iron overload disorders by the end of 2018.Five senior managers have rec...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Mr. Joseph Campbell reportsTERRAX STAKES 337.5 SQUARE KILOMETERS OF CONTIGUOUS GROUND IN THE HIGHLY PROSPECTIVE YELLOWKNIFE GOLD DISTRICTTerrax Minerals Inc. has expanded its land position at its wholly owned Yellowknife City gold (YCG) project through the staking of an additional 337.5 square kilometres immediately to the north of its current properties. These additional 47 claims were staked bas...Read More
Mr. Joseph Campbell reportsTERRAX STAKES 337.5 SQUARE KILOMETERS OF CONTIGUOUS GROUND IN THE HIGHLY PROSPECTIVE YELLOWKNIFE GOLD DISTRICTTerrax Minerals Inc. has expanded its land position at its wholly owned Yellowknife City gold (YCG) project through the staking of an additional 337.5 square kilometres immediately to the north of its current properties. These additional 47 claims were staked bas...Read More
(Kitco News)- Technicalselling in gold is dominating the marketplace Wednesday after private-payrollsprocessor ADP reported stronger-than-expected job growth in February.ADP said that 235,000jobs were created in February. According to consensus forecasts, economistswere expecting to see job gains of 199,000. Not only did February employment beat expectations, but January's data were revised higher...Read More
* Trump adviser resignation increases trade war threat* ECB may rethink policy as tariff threat looms* Euro zone yields lower 2-5 bps across the board* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds graphic, updates prices)By Abhinav RamnarayanLONDON, March 7 (Reuters) - Euro zone government bond yields dropped on Wednesday on speculation that planned U.S. import tariffs including...Read More
NEW YORK (Reuters) - President Donald Trump’s plan to slap tariffs on imported steel and aluminum would barely budge the price of a Boeing Co jetliner or fighter plane, belying fears of a big blow to U.S. industry, aerospace analysts said.What could have an impact is retaliation by countries such as China, one of Boeing’s biggest customers, if the United States goes through with threat...Read More
LONDON/FRANKFURT (Reuters) - Goldman Sachs (GS.N) has put more than a dozen UK-based banking, sales and trading staff on notice to move to Frankfurt within weeks, two sources with knowledge of the matter said, as it braces for divorce between Britain and the European Union.After months of patience and private lobbying, the U.S. investment bank has decided it can no longer wait for clarity from law...Read More
(Reuters) - U.S. stock index futures fell sharply on Wednesday after the resignation of top economic adviser Gary Cohn, a supporter of free trade in the White House, triggered worries that President Donald Trump may push ahead with plans to impose hefty metal tariffs and ignite a global trade war.Dow e-minis 1YMc1 were down 257 points by 7:20 a.m. ET.Manufacturing giants Boeing (BA.N) and Caterpil...Read More
South Africa's mining industry and the government are moving closer to resolving a dispute over levels of black ownership that's deterred investment and dragged down growth in the continent's most industrialized economy.The government last year revised its mining charter to require companies to maintain at least 30 percent black ownership, a move rejected by the Chamber of Mines, which sued to sto...Read More
BRUSSELS (Reuters) - The European Union on Wednesday offered Britain a free trade agreement for their post-Brexit relationship, a draft text showed, outlining a much more limited cooperation than London had called for.A draft joint position from the remaining 27 EU members, seen by Reuters ahead of its official publication later on Wednesday, said the bloc was determined to foster a close partners...Read More
The current stock market rally turns nine years old this week. It was March 6, 2009, when the Dow Jones Industrial Average (DJI) hit its lowest point following the 2008-2009 market crash. There have only been a handful of times in its history that the Dow has seen this kind of rally over a nine-year period. This week, I'm looking at how stocks have performed after these rallies -- and how 2018 has...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
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Gold s...Read More
WASHINGTON (Reuters) - Economic nationalists appeared to gain the upper hand in a White House battle over trade with the resignation of Donald Trump’s top economic adviser, Gary Cohn, on Tuesday in a move that could ramp up protectionist measures that risk igniting a global trade war.Cohn did not spell out the reasons for his resignation. He had told Trump that markets would slump on a tarif...Read More
Gold prices slipped on Wednesday on profit taking after hitting a one-week high earlier on news that a top economic advisor to the Trump administration had resigned, stoking fears of a trade war and knocking down the dollar.Market watchers said the departure of economic adviser Gary Cohn, a former Wall Street banker, would embolden protectionist forces in the U.S. administration as U.S. President...Read More
The provisional data from precious metals consultancy GFMS and bank dealers showed that India’s gold imports dropped a quarter from a year ago to 63 tonnes last month, Reuters reports. The decline in India’s gold imports can be attributed to higher prices, which dented the demand in the world’s second largest yellow metal consumer. Key Highlights: Lower gold imports could al...Read More
Mining giant Rio Tinto (ASX, LON, NYSE: RIO) is expanding its driverless trucks fleet in Australia by introducing 15 autonomous vehicles to a new mine in the Pilbara region.The trucks, to be deployed later this month to the West Angelas iron ore mine, are fitted out with the company's in-house autonomous haulage system (AHS), AAP reported.West Angelas, run by Rio's Robe River joint venture partne...Read More
Trade war fears have boosted gold price as expected, confirming a short-term bottom, although only a convincing break above the key trendline resistance would allow a sustained a rally to $1,366 (Jan. 25 high) and above. Daily chart Last Thursday's long-tailed Doji candle followed by a violation of the falling top pattern (marked by descending trendline) and a rise to $1,340 yesterday s...Read More