The Indonesian unit of Freeport-McMoRan Inc and fellow copper miner Amman Mineral Nusa Tenggara (AMNT) are waiting for last-minute mining ministry approvals to their applications to extend copper concentrate exports, company officials said.Freeport's export permit for Grasberg, the world's second-biggest copper mine, is due to expire on Friday, as is Amman's permit to ship ore concentrate from its...Read More
Gold price surges in best trading day since Brexit mid-2016 as world's largest hedge fund pours money into gold-backed ETFs.Read full newsRead More
The company announced strong results for the first half of its fiscal 2018, but there's a catch.Read full newsRead More
Climate Home News: In 1996, Osvaldo Wuaru and his family arrived on the outskirts of the vast Munduruku Amazon Territory with a crucial mission: set up a village to hold back the invasion of pariwat (non-indigenous) gold miners. Twenty-one years later, it has all but failedRead full newsRead More
Market Overview Analysis by Steve Saville covering: XAU/USD, Gold Futures, BTC/USD. Read Steve Saville's latest article on Investing.comRead full newsRead More
A more dramatic move in the price of gold is necessary for miners to start outperforming the metal.Read full newsRead More
Shares of Goldcorp and Barrick are trading higher after releasing earnings this evening.Read full newsRead More
Gold prices were on fire Wednesday, rebounding from losses made in the wake of stronger than expected U.S. inflation data. Kitco News caught up with Maxwell Gold of ETF Securities. "What sparked gold's price move today is the increase in inflation. I think that is boosting inflation expectations, and I think that's giving some consideration into what the Fed is going to do this year," Gold told K...Read More
Pickup in inflation isn't seen as sign of rapid accelerationJob market, tax cuts likely to support consumer spendingU.S. Consumer Prices Rise More Than Expected in JanuaryFaster-than-projected U.S. inflation and an unexpected decline in retail sales at the start of the year may cause some indigestion on Wall Street, but probably don’t mean much pain for the economy.The core consumer pr...Read More
Core gauge advances 0.3% from prior month, above projectionsApparel index rises 1.7%, most in almost three decadesNathan Sheets of PGIM, Michael Ashton of Enduring Investments and Bloomberg's Mike McKee look at inflation.U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades. The report sent Treasuries and stocks tumbling, as it added t...Read More
Stake in SPDR Gold rises to 3.91 million shares, filing showsHedge fund boosts stake in Newmont, cuts position in BarrickDalio's Bridgewater Boosts Holdings in GoldBillionaire hedge fund manager Ray Dalio boosted his holdings in the two largest gold-backed ETFs last quarter before prices of the metal capped the biggest annual gain in seven years.As of the end of December, Dalio’s Bridg...Read More
Renewed safe-haven demand on the back of a weaker U.S. dollar has helped boost gold's technical momentum and some analysts see the potential for higher prices in the near-term. According to some analysts, gold's newfound momentum has helped the gold market break bearish technical as the price action was forming a short-term head and shoulders pattern. Officially the pattern isn't broken until pr...Read More
Home Prices Hit Records in Almost Two-Thirds of U.S. CitiesBy Prashant Gopal@mrgopalMore stories by Prashant GopalRead More
Home Prices Hit Records in Almost Two-Thirds of U.S. CitiesBy Prashant Gopal@mrgopalMore stories by Prashant GopalRead More
Here Are 5 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average, S&P 500 and Nasdaq posted their fourth straight day of gains.The Dow has added more than 1,000 points from Friday to Wednesday.Big gainers on Wednesday included Chipotle Mexican Grill, Fossil Group and Nektar Therapeutics.The Consumer Price Index rose 0.5% in January, the strongest monthly increa...Read More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
Remember the days (about six months ago) when bitcoin was going to revolutionize banking and disintermediate the mean nasty "banksters?"Well, a funny thing happened on the way to the revolution. Bitcoin itself has hit an air pocket with a 50% price drop since December. Meanwhile, the banks that were supposed to be so dramatically disrupted by bitcoin are taking over the blockchain.This is not surp...Read More