Commerzbank says gold prices may well weaken ahead of ameeting of the Federal Open Market Committee next week. After all, this hasbeen a pattern for the yellow metal, which then tends to rise afterward. A U.S.rate hike is expected at next week’s FOMC meeting, the first to be chaired byJerome Powell. “It was not unusual for gold to experience phases of weaknessahead of a Fed meeting las...Read More

Commerzbank says gold prices may well weaken ahead of a meeting of the Federal Open Market Committee next week. After all, this has been a pattern for the yellow metal, which then tends to rise afterward. A U.S. rate hike is expected at next week’s FOMC meeting, the first to be chaired by Jerome Powell. “It was not unusual for gold to experience phases of weakness ahead of a Fed meetin...Read More

(Kitco News)- Gold prices have turned positive on the day as marketsdigest a steady increase in U.S. inflation pressures.Tuesday, the U.S. Labor Department said its U.S. ConsumerPrice Index rose 0.2% in February, after increasing 0.5% in January. Theincrease was stronger than expected as consensus forecasts were calling for a0.2% increase.For the year, headline inflation increased 2.2%, the report...Read More

Consumer price index, core both rise 0.2% from prior monthAuto prices decline; housing, apparel costs increaseU.S. consumer prices rose 0.2 percent from January matching the median estimate of economists.U.S. consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve’s target without the kind of breakout that would warrant a faster pace of...Read More

For the last few days, gold hastried to catch a bid to go higher, but each time it has failed. Since lastWednesday's high, gold has attempted to rally each day only to close lower.There seems to be a lot of waiting on gold, keeping the metal from breaking outto the upside.Every news event that seemedpositive for the metals has resulted in a failed rally. Prices seem to behovering at the bottom end...Read More

LONDON (Reuters) - Oil rose on Tuesday, after Libya said loadings of crude at a key port had been suspended, offseting an earlier dent to the price caused by evidence of the inexorable growth in U.S. oil output.All loadings at the Libyan oil export port of Zawiya, which exports crude from the 308,000-barrel per day El Sharara field, have stopped due to a strike, a Libyan website said.Brent crude f...Read More

(Reuters) - U.S. President Donald Trump on Monday blocked microchip maker Broadcom Ltd’s(AVGO.O) proposed takeover of Qualcomm Inc(QCOM.O) on national security grounds, ending what would have been the technology industry’s biggest deal ever amid concerns that it would give China the upper hand in mobile communications.The presidential order reflected a calculation that the United State...Read More

STRASBOURG (Reuters) - Speeches made about the future relationship between Britain and the European Union needed to be translated into treaties and agreements as soon as possible, EU Commission President Jean-Claude Juncker said on Tuesday.“It is obvious that we need further clarity from the UK if we are to reach an understanding on our future relationship,” Juncker told a plenary sess...Read More

STRASBOURG (Reuters) - The European Union’s Brexit negotiator Michel Barnier hammered home again on Tuesday that Britain would not retain its current privileges, including on trade, once it leaves the bloc.The EU and Britain are hoping to seal a deal this month on a transition period after Brexit, and start talks on the future relationship this spring.But mounting differences over Britain&rs...Read More

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe and his close ally, Finance Minister Taro Aso, faced growing pressure on Monday over a suspected cover-up of a cronyism scandal that has dogged the premier for more than a year.Copies of documents seen by Reuters showed that references to Abe, his wife and Aso were removed from finance ministry records of the discounted sale of state-owned land...Read More

Mr. Walt Coles Jr. reportsSKEENA ANNOUNCES $6.0 MILLION PRIVATE PLACEMENT FINANCINGSkeena Resources Ltd. has entered into an agreement with a syndicate of agents co-led by PI Financial Corp. and Sprott Capital Partners in connection with a marketed best efforts private placement of up to five million units and up to 4,285,715 flow-through common shares of the company to raise aggregate gross proce...Read More

Mr. Walt Coles Jr. reportsSKEENA ANNOUNCES $6.0 MILLION PRIVATE PLACEMENT FINANCINGSkeena Resources Ltd. has entered into an agreement with a syndicate of agents co-led by PI Financial Corp. and Sprott Capital Partners in connection with a marketed best efforts private placement of up to five million units and up to 4,285,715 flow-through common shares of the company to raise aggregate gross proce...Read More

PARIS (Reuters) - The global economy will see its strongest growth in seven years in 2018 thanks to a rebound in trade and investment, the OECD said on Tuesday, while also warning a trade war could threaten the improved outlook.Updating its outlook for G20 economies, the Organisation for Economic Cooperation and Development raised its global growth forecast for both 2018 and 2019 to 3.9 percent -...Read More

STRASBOURG (Reuters) - The European Commission is expecting to hear from the United States in the coming days how the European Union can avoid U.S. import tariffs on steel and aluminum, Commission President Jean-Claude Juncker said on Tuesday.The EU is seeking to be exempted from planned U.S. import duties of 25 percent on steel and 10 percent on aluminum, but says Washington has not made clear ho...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: 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

For the last few days, gold has tried to catch a bid to go higher, but each time it has failed. Since last Wednesday's high, gold has attempted to rally each day only to close lower. There seems to be a lot of waiting on gold, keeping the metal from breaking out to the upside. Every news event that seemed positive for the metals has resulted in a failed rally. Prices seem to be hovering at the bot...Read More

* Spot gold to fall further towards $1,300/oz -analyst* Trump fires Secretary of State Tillerson (Updates prices; adds comment, NEW YORK to dateline, additionalbyline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, March 13 (Reuters) - Gold prices turnedpositive on Tuesday as the U.S. dollar lost ground after newsthat U.S. President Donald Trump replaced Secretary of State RexTillerson, while U...Read More

STRASBOURG, March 13 (Reuters) - The European Commission isexpecting to hear from the United States in the coming days howthe European Union can avoid U.S. import tariffs on steel andaluminium, Commission President Jean-Claude Juncker said onTuesday.The EU is seeking to be exempted from planned U.S. importduties of 25 percent on steel and 10 percent on aluminium, butsays Washington has not made cl...Read More

The world's fifth biggest gem-quality diamond ever found was sold for $40 million on Monday, the company that found the massive rock said.Africa-focused Gem Diamonds (LON:GEMD) dug up the D colour, Type IIa rough diamond, which is about the size of two golf balls, at its flagship Let??eng mine in Lesotho in January.The rock, named "The Lesotho Legend," was acquired by an unnamed buyer in Ant...Read More