Renewed concerns about a potential trade war as a direct result of proposed tariffs on steel and aluminum has resulted in both a lower U.S. dollar as well as buyers accumulating gold. Gold futures are currently trading up $15.50 at $1335.40. Last week President Donald Trump proposed the implementation of steel and aluminum tariffs. This proposal has met with global and internal resistance. Nonethe...Read More
Renewedconcerns about a potential trade war as a direct result of proposed tariffs onsteel and aluminum has resulted in both a lower U.S. dollar as well as buyersaccumulating gold. Gold futures are currently trading up $15.50 at $1335.40.Lastweek President Donald Trump proposed the implementation of steel and aluminumtariffs. This proposal has met with global and internal resistance. Nonetheless,...Read More
While the major markets spent Monday getting back into the green, commodities were the one making major gains on Tuesday morning.Read full newsRead More
FTSE 100 closes up 30 ptsUS blue-chips volatile after opening jumpSmurfit Kappa strong on rejected bid approachJust Eat shares plunge FTSE 100 closed up over 30 points at 7,146, but off the session high of 7,197, as US shares turned weaker and Brexit fears rumble on.The UK premier index added 0.43% on the day, while FTSE 250 added over 123 points at 19,690.In the currency markets,...Read More
Representatives from the community-based organization Marange Development Trust appeared before Zimbabwe's Parliament to denounce that people in the Marange diamond fields are experiencing worse living conditions now that the Zimbabwe Consolidated Mining Company is in charge of the area.According to Chairman Malvern Mudiwa, the different kinds of abuses that villagers have been enduring for decade...Read More
Representatives from the community-based organization Marange Development Trust appeared before Zimbabwe's Parliament to denounce that people in the Marange diamond fields are experiencing worse living conditions now that the Zimbabwe Consolidated Mining Company is in charge of the area.According to Chairman Malvern Mudiwa, the different kinds of abuses that villagers have been enduring for decade...Read More
Representatives from the community-based organization Marange Development Trust appeared before Zimbabwe's Parliament to denounce that people in the Marange diamond fields are experiencing worse living conditions now that the Zimbabwe Consolidated Mining Company is in charge of the area.According to Chairman Malvern Mudiwa, the different kinds of abuses that villagers have been enduring for decade...Read More
As USD slide continues, gold extends gains. XAU/USD up 1.35%, having best day since February 14. Gold continued to rise during the American session and hit fresh weekly highs. The value of the ounce approached $1340 supported by a slide of the US dollar and risk appetite. The price peaked at $1338.55, the highest level since February 26. It was holding near the top with a stron...Read More
Precious metals are spiking this morning with Gold testing $1340, dramatically outperforming all other assets since Trump initially hinted at tariffs...Read full newsRead More
The Dow finished a volatile session cautiously higher, after exploring a range of more than 280 points on both sides of breakeven. The blue-chip index was up triple digits to start the day, amid hopes for a denuclearized North Korea. However, the Dow swung lower on reports that President Donald Trump's chief economic adviser, Gary Cohn, could resign should proposed steel and aluminum tariffs go in...Read More
NEW YORK (Reuters) - The U.S. dollar dropped to a two-week low on Tuesday as traders bet on riskier currencies on news North and South Korea would hold their first summit in more than a decade and after the South said the North was willing to discuss denuclearization with the United States.North and South Korea, still technically at war since 1953 but with tensions having eased since the Winter Ol...Read More
NEW YORK (Reuters) - Oil prices rose on Tuesday, supported by a weaker dollar but U.S. crude’s gains were limited by forecasts for a weekly rise in U.S. crude stockpiles.Brent crude LCOc1 futures rose 25 cents to settle at $65.79 a barrel, a 0.4 percent gain. Brent reached a low of $65.30 a barrel and a six-day high of $66.16 a barrel during the session.West Texas Intermediate (WTI) crude CL...Read More
(Kitco News)- Investor sentiment in silver is it at historical lows, butone analyst remains optimistic that the metal’s industrial applications canhelp turn the market’s fortunes around.In a recent report for the London Bullion MarketAssociation, Jonathan Butler, precious metals strategist at MitsubishiCorporation, said that coordinated global economic growth should help silverregain i...Read More
Momentum Public Relations Press Release: February 6 2018 Hillcrest Petroleum Ltd. (the " Company " or " Hillcrest ") is pleased to provide the following update on the Company's development and production operations in Saskatchewan. Hillcrest previously announced that production from the 16-13 well was restored in early January of this year. Reported daily productionRead full newsRead More
HELSINKI, March 6 (Reuters) - Finland's Ahtium Oyj , previously named Talvivaara Mining Company, which ran a troubled nickel mine in northern Finland, has filed for bankruptcy after failing to secure financing for future projects, it said on Tuesday.Ahtium is the former owner of the mine that leaked waste water in 2012 and faced serious production problems, prompting the Finnish government to take...Read More
KAMNIK, Slovenia (Reuters) - A former comedian tipped to become Slovenia’s next prime minister said on Tuesday he would slash red tape to boost investment and shake up the electoral and judicial systems if his party wins June’s national election.Marjan Sarec, 40, a newcomer to national politics, stunned Slovenians last November when he won 47 percent of the vote in a presidential run-o...Read More
21m at 19.35g/t among standout interceptsRead full newsRead More
(Bloomberg) - If attendance at the world's biggest mining conference is any indication, things are looking up for the industry - although capital is still tight, especially for juniors.While the official number isn't out yet, organizers are expecting attendance for the PDAC conference in Toronto to be higher than last year, which was in turn an improvement on 2016.While attendance is still a lo...Read More
WASHINGTON/MEXICO CITY (Reuters) - Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North American Free Trade Agreement.Few details have emerged from the White House over the scope and timing o...Read More
Hastings Group Holdings PLC (LON:HSTG) was a weak spot in late afternoon trading, with its shares down 2.3% to 270p as the insurance group was downgraded to 'neutral' from 'buy' by Swiss bank UBS as it thinks the stock is 'lacking near term catalysts.'The FTSE 250-listed firm also saw its target price cut to 290p from 350p.The analysts at UBS said: "With near term newsflow likely to be negative an...Read More