(Kitco News) - Gold is looking strong this year, with the potential to hit $1,425, global trading director at Kitco Metals Peter Hug said, adding that an interesting pattern has developed between the U.S. Federal Reserve and gold prices.“If we look at the patterns that started with the first Fed rate increase in 2015: gold moved up about $150, then came back. In December 2016, when the Fed r...Read More
(Removes extraneous word "deal" from 1st paragraph)NEW YORK, Jan 22 (Reuters) - Wall Street's main indexes hit record closing highs on Monday in the wake of a deal by U.S. senators to end the federal government shutdown.Based on the latest available data, the Dow Jones Industrial Average rose 142.95 points, or 0.55 percent, to 26,214.67, the S&P 500 gained 22.68 points, or 0.81 perc...Read More
ALL TIMES IN EST/GMT -------------------------------------------------------1130/1630: The Treasury Dept. holds weekly sale of 4-week bills.1300/1800: The Treasury Dept. sells 2-year notes.1500/2000: The USDA issues monthly Cold Storage.1630/2130: The American Petroleum Institute issues weekly national petroleum report.------------------------------------------------------- DIARY - Federal Reserve...Read More
* Policy decision expected 0330-0500 GMT* BOJ seen keeping interest rate targets unchanged* Growth f'cast seen revised up in quarterly review* BOJ may sound more upbeat on inflation expectations* Governor Kuroda to brief media 0630 GMT By Leika KiharaTOKYO, Jan 23 (Reuters) - Japan's central bank is set to keep monetary settings unchanged on Tuesday and offer a cautiously optimistic view on the i...Read More
(Kitco News)- While gold could do reasonably well in 2018, one famedanalyst is recommending that investors shouldn’t be focused on just oneprecious metal.On the sidelines of the VancouverResource Investment Conference, Brent Cook, creator of Exploration Insights,told Kitco News’ Daniela Cambone that along with gold and silver he seesopportunities in copper, zinc and lithium.“What...Read More
(Kitco News) - While gold could do reasonably well in 2018, one famed analyst is recommending that investors shouldn’t be focused on just one precious metal.On the sidelines of the Vancouver Resource Investment Conference, Brent Cook, creator of Exploration Insights, told Kitco News’ Daniela Cambone that along with gold and silver he sees opportunities in copper, zinc and lithium.&ldq...Read More
Western Copper and Gold Corporation ("Western" or the "Company") (TSX:WRN, NYSE AMERICAN:WRN) announces that it plans to conduct a non-brokered private placement of up to 2,608,696 units (the "Units") at a price of $1.15 per Unit to raise gross proceeds of up to $3.0 million (the "Private Placement").Read full newsRead More
* Japan, Europe central bank meetings in focus this week* U.S. government shutdown deal boosts dollar briefly(Updates prices, market activity, comment)By Saqib Iqbal AhmedNEW YORK, Jan 22 (Reuters) - The euro rose against the U.S. dollar on Monday, just shy of the three-year high touched last week, as market participants awaited the outcome of the European Central Bank's meeting on Thursday for po...Read More
By Walter BianchiBUENOS AIRES, Jan 22 (Reuters) - Argentine real estate developer TGLT SA plans to raise capital with a share listing on the New York Stock Exchange by the end of 2018, Chief Executive Federico Weil told Reuters in a telephone interview on Monday.The company will also launch a local share offering to raise funds to purchase the shares of construction company Caputo SAIC y F that it...Read More
(Adds details, quotes, background)By Jan StrupczewskiBRUSSELS, Jan 22 (Reuters) - Euro zone finance ministers welcomed Greek progress in delivering reforms but said on Monday they would only disburse the next tranche of loans once all agreed actions are complete.While Athens may have to wait until February for the money from the euro zone bailout fund ESM, the ministers said they would start tech...Read More
U.S. stock markets are back at record highs, after the Senate voted to pass a short-term funding bill, which will end the three-day government shutdown. Among individual stocks making big moves are cancer specialist bluebird bio Inc (NASDAQ:BLUE), casino operator Wynn Resorts, Limited (NASDAQ:WYNN), and semiconductor services provider Sanmina Corp (NASDAQ:SANM). Here's a quick look at what's movin...Read More
Options volume on Harley-Davidson Inc. (NYSE:HOG) is unusually high today, following a round of bullish analyst notes. Specifically, Wells Fargo upgraded the stock to "outperform" from "market perform" and raised its price target to $59 from $49, while RBC bumped up its price target to $54 from $51. Both brokerage firms cited tax reform as a potential tailwind for HOG shares. Against this backdrop...Read More
Astorius Resources Ltd. (TSXV:ASQ;FRA:47A.F) ("Astorius" or the "Company") is pleased to provide an update on 2017's most significant activities and accomplishments related to the Company's permanent effort to achieve the objectives of its projects across North and South America.Read full newsRead More
Gold Resource Corporation (NYSE:GORO) (the "Company") today announced preliminary 2017 year-end and fourth quarter mill production results.Read full newsRead More
Broadway Gold Mining Ltd. (TSXV:BRD, OTCQB:BDWYF) ('Broadway' or the 'Company') is pleased to provide an update on its Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More
Craig Ribton, Managing Director of Proactive Investors, chats to Andrew Scott about the company's recent ?3.3mln investment by private equity firm Mobeus Equity Partners to fund their international growth plans.Proactive's due to open the doors at its New York office later this month.''While we're already in Canada and the US in a small capacity ... the size of the markets is over 7000 companies...Read More
BRUSSELS, Jan 22 (Reuters) - The chairman of euro zone finance ministers Mario Centeno called on Monday for candidates to replace European Central Bank Vice President Vitor Constancio, whose term expires in May, kicking off two years of flux at the top of the ECB."I launched today the call for candidates for the upcoming ECB Vice President vacancy, to ensure a smooth succession of Vitor Const...Read More
Mr. Paul Kuhn reports AVRUPA PROGRESS AT THE ALVITO IRON OXIDE COPPER-GOLD PROJECT, PORTUGAL Avrupa Minerals Ltd. has provided an update on progress at the Alvito project located in south Portugal.Exploration work is financed by Oz Minerals, who must spend $1-million (Australian) to earn-in to 51 per cent of the 300-square-kilometre project.To date, Avrupa has completed ground magnetics and gravit...Read More
Mr. Paul Kuhn reports AVRUPA PROGRESS AT THE ALVITO IRON OXIDE COPPER-GOLD PROJECT, PORTUGAL Avrupa Minerals Ltd. has provided an update on progress at the Alvito project located in south Portugal.Exploration work is financed by Oz Minerals, who must spend $1-million (Australian) to earn-in to 51 per cent of the 300-square-kilometre project.To date, Avrupa has completed ground magnetics and gravit...Read More
RIYADH, Jan 22 (Reuters) - Saudi Arabia's government sold 5.85 billion riyals ($1.56 billion) of domestic sukuk in its fifth monthly offer of domestic sukuk, the Ministry of Finance said on Monday.The ministry sold 4.125 billion riyals of five-year sukuk, 225 million riyals of seven-year and 1.5 billion riyals of 10-year.Last month, the ministry sold 4.775 billion riyals of domestic sukuk.($1 = 3....Read More