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
Here Are 4 Hot Things to Know About Stocks Right Now With losses in February, the Dow Jones Industrial Average and S&P 500 snapped a monthly winning streak that stretched back to 1959.It was the Dow's first losing February since 2009.The Dow remains more than 2,000 points below its all-time high reached on Jan. 26.The Nasdaq's decline in February of 1.9% was its biggest monthly decline...Read More
The latest news and price moves to start the Asian day on Friday March 2. Aluminium and tin were the only base metals on the London Metal Exchange to close the day in positive territory on Thursday March 1, with the rest of the complex diving. Read more in our live futures report.Here are how LME prices looked at Thursday's close:United States President Donald Trump announced in a meeting with US...Read More
Remember the "tea party" revolt in 2009-2010 against government bailouts and government spending?Remember the "fiscal cliff" drama of Dec. 31, 2012, when Congress raised taxes and cut spending to avoid a debt default and government shutdown?Remember the actual government shutdown in October 2013 as Republicans held the line against more government spending?Well, congratulations if you do, because...Read More
New Federal Reserve chair Jerome Powell appeared before Congress this week…"Some of the head winds the U.S. economy faced in previous years," Mr. Powell assured the assembled, "have turned into tail winds."Global growth is on the bounce.U.S. unemployment rests at 17-year lows.The economy will soon feel the spur of new federal spending.Let us not forget about the tax cuts.Powell is even conce...Read More
2018 will be historic for tech.Major innovations in artificial intelligence and robotics will change how we do everything.This will give you extremely lucrative profit chances.But the biggest story in tech right now is the amazing power of blockchain.To many blockchain experts, it's 1994 all over again and we're just waiting for a tipping point.Much like the "Netscape moment" was for the internet....Read More
In a recent story about some of Social Security's stranger aspects, I promised to tell you how the Amish opted out of the system in a future article.Well, grab some popcorn because here it is...The Social Security Act - which marked the beginning of the system we know today - passed Congress in 1935.But for the first 20 years, it didn't cover farmers.So it was only in the middle of the 1950s when...Read More
Another day, another late afternoon stock market dump.The major averages careened into the close for the second day in a row on Wednesday. The Dow led the retreat, shedding 380 points for a 1.5% loss. The S&P 500 and Nasdaq Composite weren't far behind, posting losses of 1.1% and 0.8%, respectively.The two-day drop was a fitting end to the market's most tumultuous trading month since January 2...Read More
Lonely, neglected and forgotten.Nobody wants them - even though there’s absolutely nothing wrong with them.The only problem is that they are not fortunate enough to be in the popular club. They are stuck on the outside looking in.I’m referring to the publicly traded companies that are not included as part of the major stock indices, in particular the S&P 500.The surge in passive in...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Thursday was a poor 66-95-129. The TSX Venture Exchange rose fractionally to 829 while polished diamond prices edged upward. Sheldon Inwentash and Arno Brand's Gratomic Inc. (GRAT), called CKR Ca...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $0.80 to $1,317.00 on Thursday. The TSX Venture Exchange rose 0.20 point to 829.32 while the TSX Gold Index added 1.51 points to 181.10. Barrick Gold Corp. (ABX) led Canadian gold miners lower today, dropping 18...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange rose a fraction to 829.32 Thursday. Roger Daher has filed a final prospectus to list his first capital pool shell, Skyscape Capital Inc. The shell is selling a $500,000 initial public offering at 50 cents throu...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe U.S. Securities and Exchange Commission has filed civil fraud charges against Mississauga's Douglas Murdock for misleading the public with respect to a purported water treatment listing. The SEC claims that he acquired a large block of tradable sh...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery lost $1.37 to $61.64 on the New York Merc, while Brent for April lost 85 cents to $65.78 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28 to WTI ($33...Read More