Plan would have boosted coal and nuclear power over natural gas and renewable energyRead full newsRead More
Regular unleaded gasoline prices this year are expected to hit their highest annual average since 2014, according to gas-price tracker GasBuddy.Read full newsRead More
(Kitco News) - Gold saw a modest drop during the Asian trading hours on Tuesday after the U.S. Dollar Index reported gains in the previous North American session.Spot gold on Kitco.com was last seen trading at $1,316.70, down 0.23% on the day.Kitco’s senior technical analyst, Jim Wyckoff, pointed out that U.S. stock indexes saw gains on Monday and hit new record highs, which served as a...Read More
CloseGain/LossGold $1320.00-$0.50Silver$17.12-$0.08XAU86.29-1.26%HUI194.89-1.64%GDM656.05-0.87%JSE Gold1319.12-3.59USD92.34+0.37Euro119.67-0.75Yen88.47+0.04Oil$61.73+$0.2910-Year2.479%+0.002T-Bond151.8125UNCHDow25283.00-0.05%Nasdaq7157.39+0.29%S&P2747.71+0.17% The Metals: Gold fell $5.70 to $1314.80 in Asia before it bounced back to $1321.00 in London and then drifted back lower in morning...Read More
- Gold currently undervalued- Since 2000, the gold price has beaten the S&P 500 Index- A 'a once-in-a-decade opportunity' as gold-to-S&P 500 ratio is at its lowest point in 10 years.- Reached 'peak gold' as exploration budgets continue to tighten- $80 trillion sits in global equities, a 'ticking time bomb'- Gold remains an appealing diversifier in the current environment of high valuations and...Read More
CloseGain/LossGold $1320.00-$0.50Silver$17.12-$0.08XAU86.29-1.26%HUI194.89-1.64%GDM656.05-0.87%JSE Gold1319.12-3.59USD92.34+0.37Euro119.67-0.75Yen88.47+0.04Oil$61.73+$0.2910-Year2.479%+0.002T-Bond151.8125UNCHDow25283.00-0.05%Nasdaq7157.39+0.29%S&P2747.71+0.17% The Metals: Gold fell $5.70 to $1314.80 in Asia before it bounced back to $1321.00 in London and then drifted back lower in morning...Read More
- Gold currently undervalued- Since 2000, the gold price has beaten the S&P 500 Index- A 'a once-in-a-decade opportunity' as gold-to-S&P 500 ratio is at its lowest point in 10 years.- Reached 'peak gold' as exploration budgets continue to tighten- $80 trillion sits in global equities, a 'ticking time bomb'- Gold remains an appealing diversifier in the current environment of high valuations and...Read More
SHANGHAI, Jan 9 (Reuters) - China's central bank said it will skip open market operations for the 12th straight trading day on Tuesday as liquidity levels in the banking system were "appropriate".On a net basis, the People's Bank of China (PBOC) will drain 130 billion yuan ($20.01 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Tuesday.Th...Read More
LONDON, Jan 9 (Reuters) - British companies hired permanent staff last month at the fastest rate since August, pushing up starting salaries, recruiters said on Tuesday.The figures from the Recruitment and Employment Confederation contrast with the latest official data, which showed a fall in the number of people in work and sluggish pay growth during the three months to October.The REC said demand...Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* LME zinc price at 10-year highs: * LME zinc stocks and spreads: * China's zinc imports: By Andy HomeLONDON, Jan 8 (Reuters) - Zinc has started the new year with a bang, hitting a fresh 10-year high of $3,380 per tonne in the first week of trading on the London Metal Exchange (LME). The only hi...Read More
* Euro below $1.20 on profit-taking after record long positions* Dollar still hampered by doubts over Fed rate hike scenario By Hideyuki SanoTOKYO, Jan 9 (Reuters) - The euro languished on Tuesday after slipping from last week's high as investors were cautious after a months-long rally, while the dollar firmed against the yen though a lack of catalysts tempered its momentum.The euro traded at $1....Read More
A decade ago, smart devices promised to change the way we think and interact, and they have - but not by making us smarter. Eric Andrew-Gee explores the growing body of scientific evidence that digital distraction is damaging our mindsRead full newsRead More
NEW YORK, Jan 8 (Reuters) - Two U.S. companies withdrew proposals to launch bitcoin-based exchange-traded funds pending before the Securities and Exchange Commission (SEC) on Monday, citing ongoing concerns by the regulatory agency, filings showed.Staff at the SEC "expressed concerns regarding the liquidity and valuation" of futures based on the digital assets, according to one of the fi...Read More
Yellow metal steady, hovering near $1320. Gold uptrend intact. The yellow metal continues to move sideways on Monday, near the 3-month high it reached last Thursday at $1,326/oz. Price has been consolidating between around $1,318 during the American session. Price bottomed earlier today at $1,314.50 and then rebounded but if failed to rally on top of $1,320. The bullish tone re...Read More
SYDNEY, Jan 9 (Reuters) - Australian job advertisements in newspapers and on the internet fell in December after a couple of months of solid gains, a survey showed on Tuesday, suggesting some cooling in what has been a very strong labour market.A monthly survey by Australia and New Zealand Banking Group showed total job advertisements dropped 2.3 percent in December, from November when they rose 1...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.5 pct, CSI300 +0.5 pct, HSI +0.3 pct* HK->Shanghai Connect daily quota used 5.7 pct, Shanghai->HK daily quota used 24.9 pct* HK->Shenzhen Connect daily quota used 9.1 pct, Shenzhen->HK daily quota used 10.5 pct* CNY official close 6.4984 per dollar* FTSE China A50 +0.3 pct, BNY Mellon ADR China Select Index +0.6 pct SHANGHAI, Jan 9 (Reuters)...Read More
Jan 9 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS9-JanUnited States Sale of 3-year notes9-JanUnited KingdomAuction of 1 1/4 % Treasury Gilt 20279-JanNetherlands DSL auction9-JanBelgium Auction of Treasury bills10-Jan United States Sale of 10-year notes10-Jan Japan 6-month discount bill...Read More
Jan 9 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- TUESDAY, JANUARY 9BRUSSELS - The European Commission holds a conference, with speakers including...Read More
TOKYO, Jan 9 (Reuters) - The Nikkei share average hit a 26-year high on Tuesday, helped by gains on Wall Street during a Japanese holiday and as a weaker yen lifted investors' appetite for risk.The Nikkei was up 0.9 percent at 23,952.61 in early trade, its highest since November 1991. Japanese markets were closed on Monday for a national holiday.The broader Topix was 0.7 percent higher at 1,892.71...Read More
TOKYO, Jan 9 (Reuters) - Japanese wages rose 0.1 percent in November from a year earlier after adjustments for inflation, offering hope that consumer spending will start to strengthen.The increase was the first in 11 months, which is also an encouraging sign that workers had more money to spend during the crucial year-end shopping season.Nominal cash earnings rose 0.9 percent in November from the...Read More