Allison LampertMONTREAL (Reuters) - Canadian Prime Minister Justin Trudeau promised aluminum and steelworkers on Monday he would defend them against possible U.S. tariffs and called U.S. President Donald Trump to stress that“mutually beneficial” cross-border supply chains should be preserved.Trump said last week he would impose import tariffs of 25 percent on steel and 10 percent for a...Read More
CloseGain/LossGold $1323.70+$0.20Silver$16.55-$0.03XAU79.67+0.98%HUI174.41+0.86%GDM607.04+0.60%JSE Gold1105.94-20.68USD89.88-0.25Euro123.42+0.34Yen94.06+0.37Oil$61.36-$0.6810-Year2.867%-0.030T-Bond144.75+0.59375Dow25178.61-0.62%Nasdaq7588.32+0.36%S&P2783.02-0.13% The Metals: Gold fell $9.10 to $1314.40 at about 8AM EST, but it then rallied back higher throughout most of trade in New York a...Read More
- Recent stock market selloff showed gold can deliver returns and reduce portfolio risk- Gold's performance during stock market selloff was consistent with historical behaviour- Gold up nearly 10% in last year but performance during recent selloff was short-lived- The stronger the market pullback, the stronger gold's rally- WGC: 'a good time for investors to consider including or adding gold as...Read More
Focus in on retaliation measures after Trump's tariff. Traders have ignored the exceptional US February nonfarm payroll numbers. Global stock markets are expected to rise. Sentiment for the US dollar is still weak. Now the focus will be on the FOMC meet. The pace of interest rate hikes is the key and not the actual hike. An early Easter (in March) does have temporary economic implications. I b...Read More
- Recent stock market selloff showed gold can deliver returns and reduce portfolio risk- Gold's performance during stock market selloff was consistent with historical behaviour- Gold up nearly 10% in last year but performance during recent selloff was short-lived- The stronger the market pullback, the stronger gold's rally- WGC: 'a good time for investors to consider including or adding gold as...Read More
Focus in on retaliation measures after Trump's tariff. Traders have ignored the exceptional US February nonfarm payroll numbers. Global stock markets are expected to rise. Sentiment for the US dollar is still weak. Now the focus will be on the FOMC meet. The pace of interest rate hikes is the key and not the actual hike. An early Easter (in March) does have temporary economic implications. I b...Read More
Qualcomm drops after deal scuttled; Texas crude retreatsWhite House moves keep investors guessing; Treasuries gainArbuthnot Latham's Perdon Says U.S. Financials a Good Place to BeU.S. equities fell for the second straight day as markets took in Tuesday’s economic and political news. The 10-year Treasury yield fell while the dollar held steady.While an inflation report reinforced the sense t...Read More
Selling pressure in gold, as well as a strong U.S. dollar, have canceled each other out to leave gold unchanged on the day. As of 3:30 PM Eastern standard time, April gold futures are currently unchanged and trading at $1,324 per ounce.Spot gold is currently fixed at $1,322.90, which is a net loss of $0.20 on the day. According to the Kitco Gold Index, a weakening U.S. dollar is adding $3.40 value...Read More
Selling pressure in gold, as well as a strong U.S. dollar, have canceled each other out to leave gold unchanged on the day. As of 3:30 PM Eastern standard time, April gold futures are currently unchanged and trading at $1,324 per ounce.Spot gold is currently fixed at $1,322.90, which is a net loss of $0.20 on the day. According to the Kitco Gold Index, a weakening U.S. dollar is adding $3.40 value...Read More
Canadian Prime Minister Justin Trudeau promised aluminum and steelworkers on Monday he would defend them against possible U.S. tariffs and called U.S. President Donald Trump to stress that "mutually beneficial" cross-border supply chains should be preserved.Trump said last week he would impose import tariffs of 25 per cent on steel and 10 per cent for aluminum, effective later this month, but exem...Read More
What are two things that all investors like? Trends and bargains. The trend is your friend. And one of the hottest trends at the moment in markets is blockchain.Investors also like bargains - for obvious reasons. That's one reason why more and more investors are turning to the Stockhouse DealRoom:...Read full newsRead More
FTSE 100 closes lowerInvestors weigh better-than-expected US jobs reportGKN reviews revised Melrose bidJust Eat slumps on broker downgrade FTSE 100 couldn't hold onto early gains and finished in the red, as sterling firmed.Britain's blue-chip benchmark closed down over nine points, or 0.13% to 7,214.FTSE 250 however fared better, gaining around 32 points at 20,117.Against the Euro, the...Read More
Rosatom announced on Monday that the Russia-China Investment Fund for Regional Development will kickstart the financing for a uranium mining project in Russia's Zabaikalsky Territory.Zabaikalsky is located in the southeastern region of Transbaikalia and has a 998-kilometre border with China and a 868-kilometre border with Mongolia. According to state-owned website Sputnik, the agreement was signed...Read More
Rosatom announced on Monday that the Russia-China Investment Fund for Regional Development will kickstart the financing for a uranium mining project in Russia's Zabaikalsky Territory.Zabaikalsky is located in the southeastern region of Transbaikalia and has a 998-kilometre border with China and a 868-kilometre border with Mongolia. According to state-owned website Sputnik, the agreement was signed...Read More
Shares in Newcrest Mining fell more 4.6 per cent Monday after the miner declared that its performance for fiscal 2018 will be definitely affected by the breach of a tailings dam wall at its Cadia gold mine."Whilst it is too early in the evaluation and recovery process for Newcrest to provide an indication of the extent to which FY18 production, capital and cost guidance will be impacted, this even...Read More
Shares in Newcrest Mining fell more 4.6 per cent Monday after the miner declared that its performance for fiscal 2018 will be definitely affected by the breach of a tailings dam wall at its Cadia gold mine."Whilst it is too early in the evaluation and recovery process for Newcrest to provide an indication of the extent to which FY18 production, capital and cost guidance will be impacted, this even...Read More
Shares in Newcrest Mining fell more 4.6 per cent Monday after the miner declared that its performance for fiscal 2018 will be definitely affected by the breach of a tailings dam wall at its Cadia gold mine."Whilst it is too early in the evaluation and recovery process for Newcrest to provide an indication of the extent to which FY18 production, capital and cost guidance will be impacted, this even...Read More
Stocks started the day off strong, as traders continued to react to Friday's jobs report. However, lingering concerns President Donald Trump's tariffs -- set to be implemented later this month -- and big sell-offs for blue chips Intel (INTC), Boeing (BA) and Caterpillar (CAT) sent the Dow down 157 points at the close. Tech stocks outperformed, however, with the Nasdaq locking in a fresh record clo...Read More
Vancouver-based Caza Gold and Arctic Blockchain have agreed to merge through a transaction described as a "reverse takeover" of Caza by Arctic. This means that the former will change its business from a mining issuer to a technology issuer. Even though the terms of the transaction are still to be defined, the idea is that following completion former Arctic shareholders will hold approximately 98.2...Read More
Vancouver-based Caza Gold and Arctic Blockchain have agreed to merge through a transaction described as a "reverse takeover" of Caza by Arctic. This means that the former will change its business from a mining issuer to a technology issuer. Even though the terms of the transaction are still to be defined, the idea is that following completion former Arctic shareholders will hold approximately 98.2...Read More