March 2 (Reuters) - Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust , rose 0.35 percent on Thursday from Wednesday, while the largest silver-backed ETF, New York's iShares Silver Trust , remained unchanged during the same period.Exchange-traded funds, the most widely recognized type of ETP, back each security issued with physical stocks of a given commodi...Read More
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (Barrick or the "Company") today reported that Moody's Investors Service ("Moody's") has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to Baa2 from Baa3, with a stable outlook.In a news release announcing the upgrade, Moody's cited Barrick's low adjusted leverage, large scale, diverse and low-cost gold assets, free cash flo...Read More
Former FDIC chair Sheila Bair isn't too worried about the mania surrounding cryptocurrencies, and sees no reason why bitcoin and its brethren should be outlawed. 'I don't think we should ban it - the green bills in your pocket don't have an intrinsic value, either. The value is based on what others think is its value. That's true of any currency.'Sheila Bair That's what she told Barron's in a wide...Read More
Industry analysts discussed the inaugural resource estimate as well as the final 2017 drill results at one of this company's Utah projects, and provided targets of up to 2.5 times the current share price.Read full newsRead More
Gold slid to a two-month low on Thursday, so what happened to talk of the metal's breakout year?Read full newsRead More
TORONTO, Feb. 26, 2018-- Eastmain Resources Inc., announces the Company has filed the Technical Report titled," NI 43 101 Technical Report and Initial Mineral Resource Estimate on the Eastmain Mine Property, ...Read full newsRead More
TORONTO, March 1, 2018 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ('Wallbridge') is pleased to announce that it will be participating in t...Read full newsRead More
The industry leader can't come close to matching the growth of this up-and-comer.Read full newsRead More
The mine, at Cononish, near Tyndrum, aims to extract more than half a million tonnes of ore.Read full newsRead More
Long-legged doji signals indecision/bear exhaustion. A bullish follow-through will confirm a bottom. Bad inflation and resulting risk aversion could boost demand for gold. Gold (XAU/USD) created a "long-legged" doji candle yesterday that marks a sharp rebound from the 100-day moving average (MA) support. As per textbook rules, the candlestick pattern signals indecision in the marketpla...Read More
The mine, at Cononish, near Tyndrum, aims to extract more than half a million tonnes of ore.Read full newsRead More
* Kuroda: will mull policy exit if inflation target met inFY2019* Trump's steel & aluminium tariff plan had stopped USD'srecovery* Euro awaits weekend Italy elections for near-term cues* Pound edges off 7-week lows, focus on May's speech (Updates with reaction to BOJ Kuroda comments)By Shinichi SaoshiroTOKYO, March 2 (Reuters) - The yen surged against the dollaron Friday after Bank of Japan Ha...Read More
Putin warned that the creation of Russian hypersonic systems has made NATO's U.S.-led missile defense shields in Europe utterlyRead full newsRead More
Outside of the U.S., there is a deterioration of stability in many oil-producing regions, aggravating risks for both oil companies and the oil market, according to a new report.Read full newsRead More
(Delivery Date is Mar 05)GOLD Issuers Mar 01 - NATotal : NATotal for Month: 2,749.GOLD Stoppers Mar 01 - NATotal : NATotal for Month: 2,749.SILVER Issuers Mar 01 - INTL FCSTONE 150,BARCLAYS 45,ADVANTAGE 9 Total : 204 Total for Month: 4,062.SILVER Stoppers Mar 01 - GOLDMAN(HOUSE) 86, MACQUARIE FUT 14, SG AMERICAS 3, HSBC 25, HSBC(HOUSE) 63, INTL FCSTONE 1,ADVANTAGE 6, RCG 1, ADM 5Total : 204Total f...Read More
* Spot gold may bounce more into $1,325-$1,332/oz -technicals* Spot gold heads for second straight weekly drop (Updates prices)By Eileen SorengMarch 2 (Reuters) - Gold prices rose slightly on Friday asthe dollar eased on fears of an imminent trade war followingU.S. President Donald Trump's decision to impose steep tariffson imported steel and aluminium.Spot gold had risen by 0.1 percent to $1,317....Read More
As gold slides to a two-month low on U.S. rate expectations, can the metal manage to turn it around? Following comments from Federal Reserve Chair Jerome Powell this week that further rate hikes are to be expected, spot gold was down 0.8 percent at $1,307.54 an ounce - marking a two-month low for the metal. This would be the second straight week of losses for gold. So what happened to expectation...Read More
U.S. to slap 25% duty on steel, 10% on aluminum, he saysPresident met with metals industry execs on ThursdayPresident Donald Trump announces new tariffs on imported steel and aluminum.President Donald Trump said the U.S. will slap tariffs on steel and aluminum imports to protect national security, a major escalation of his hawkish trade agenda that could hit producers from Europe to Asia and spur...Read More
Spending matches forecasts; Fed's preferred price gauge risesData reflect estimate of $30 billion rise in one-time bonusesTreasury's Sayegh Says Tax Cuts Are 'Hardly Crumbs'Americans’ wallets fattened in January on recent tax cuts, indicating increased spending power may boost the economy this quarter.Real disposable income, or earnings adjusted for taxes and inflation, advanced 0.6 percent...Read More
Powell's hawkish outlook increases pressure on bullion pricesConsumer price growth may boost demand for gold as a hedgePhotographer: Luke MacGregor/BloombergGold tumbled after Federal Reserve Chairman Jerome Powell opened the door to four interest rate hikes this year on the back of a strengthening U.S. economy, another instance of the competing forces that have corralled prices into a $...Read More