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Golden, Colorado: 14 February 2018 - The Mining Engineering Department at Colorado School of Mines has received approval from the Board of Trustees to launch an innovative new graduate degree program. The Professional Masters in Mining Engineering and Management is an advanced degree that focuses on the practical integration of the technical, financial, management and other linked disciplines tha...Read More
(Kitco News) - From here on out, gold prices will be on a downward trajectory until they hit $1,100 in Q4 of 2018, OCBC Bank said in its 2018 Commodities Outlook.“The yellow metal should continue to fade lower into the year as interest rates gradually rise amid a positive global growth backdrop. We keep our outlook at $1,100/oz at year-end,” OCBC’s economist Barnabas Gan wrote in...Read More
(Kitco News) - From here on out, gold prices will be on a downward trajectory until they hit $1,100 in Q4 of 2018, OCBC Bank said in its 2018 Commodities Outlook.“The yellow metal should continue to fade lower into the year as interest rates gradually rise amid a positive global growth backdrop. We keep our outlook at $1,100/oz at year-end,” OCBC’s economist Barnabas Gan wrote in...Read More
Precious metals prices including gold bullion and silver coins are often described as a hedge to higher inflation. The idea is that if you hold an asset that is immune to the rise in prices of other goods and services, you will benefit if you own gold coins and silver bars. What is important about inflation is that it erodes the value of the assets you own, especially if your earnings are fixe...Read More
(Kitco News) - Well-known hedge fund manager John Paulson maintained his holdings in SPDR Gold Shares, the world’s largest gold exchange-traded fund, during the fourth quarter, filings show.Meanwhile, Soros Fund Management LLC has remained out of gold since exiting from its shares of Barrick Gold Corp. (NYSE, TSX: ABX) in the fourth quarter of 2016.Institutional investment managers must file...Read More
CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34% The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation dat...Read More
- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More
CloseGain/LossGold $1352.10+$22.80Silver$16.87+$0.30XAU85.50+5.49%HUI189.40+4.96%GDM641.91+4.24%JSE Gold1173.26+2.95USD88.95-0.74Euro124.58+1.07Yen93.49+0.71Oil$60.60+$1.4110-Year2.911%+0.082T-Bond143.50-1.0625Dow24893.49+1.03%Nasdaq7143.62+1.86%S&P2698.63+1.34% The Metals: Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning's inflation dat...Read More
- Global debt 'area of weakness' and could 'induce financial panic' - King warns- Global debt to GDP now 40 per cent higher than it was a decade ago - BIS warn- Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years- US mortgage rates hit highest level since May 2014- US student loans near $1.4 trillion, 40% expected to default in next 5 years- UK consumer debt hit ?...Read More
(Recasts, adds reserves, capital spend, context)Feb 14 (Reuters) - Canada's Barrick Gold Corp , the world's biggest gold producer, forecast an output drop over the next four years on Wednesday, with mining costs flat to higher.Barrick, which reported quarterly earnings that matched market expectations, said its reserves of unmined gold dropped by 25 percent last year to 64.5 million ounces, as it...Read More
SYDNEY, Feb 15 (Reuters) - Australian employment notched up the longest streak of gains on record in January, while unemployment fell a tick and female participation in the workforce climbed to an all-time high.Thursday's figures from the Australian Bureau of Statistics showed 16,000 net new jobs were added in January, in line with forecasts and a solid result given it came on top of outsized incr...Read More
(Kitco News) - Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) reported a profitable fourth quarter Wednesday and hiked its output guidance for 2018 and 2019.The company listed quarterly net income of $35.1 million, 15 cents per share, down from $62.7 million, or 28 cents, in the year-ago period.The October-December results included mark-to-market adjustments and derivative losses of $1 million, non-recu...Read More
(Kitco News) - Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) reported a profitable fourth quarter Wednesday and hiked its output guidance for 2018 and 2019.The company listed quarterly net income of $35.1 million, 15 cents per share, down from $62.7 million, or 28 cents, in the year-ago period.The October-December results included mark-to-market adjustments and derivative losses of $1 million, non-recu...Read More
(Adds details)MONROVIA, Feb 14 (Reuters) - Liberia's new President George Weah has ordered a review of concessions entered into by previous administrations, the presidency said in a statement on Wednesday.Concessions generally cover government grants of rights, land or property. The statement said a committee would "review and ensure that all contracts entered into by the government of Liber...Read More
SINGAPORE, Feb 15 (Reuters) - Singapore's on-year non-oil domestic exports (NODX) growth rose faster than expected in January thanks to a surge in petrochemical exports, official data showed on Thursday.Exports rose 13.0 percent in January year-on-year, data fromtrade agency International Enterprise Singapore showed, accelerating from the 3.1 percent rise the month before.This was better than the...Read More
(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reported late Wednesday that the company posted a profit in the fourth quarter and acquired two hydroelectric power plants in Brazil to provide electricity to its Paracatu mine.Net earnings in the October-November period were pegged at $217.6 million, or 17 cents per share, a turnaround from a net loss of $116.5 million, or 9 cents, in the four...Read More