* Dollar index touches its highest in more than a week* More dollar weakness seen likely* Focus moves to Fed chief Powell's congressional testimony* Yen rises broadly as stock markets falter* Graphic: World FX rates in 2018 By Jemima KellyLONDON, Feb 22 (Reuters) - The dollar inched up to a 10-day high on Thursday after minutes from the U.S. Federal Reserve's January meeting showed policymakers co...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
(Kitco News) - Gold and silver prices are moderately lower in early U.S. trading Thursday. Bothsafe-haven metals are seeing some selling pressure in a present environment ofnot much risk aversion in the marketplace. The recent rebound in the U.S.dollar index is also a bearish outside market force working against theprecious metals. April Comex gold futures were last down $5.90 an ounce at $1,326.3...Read More
The company listed a netloss of $17.7 million, or 4 cents per share, compared to a loss of $5.3million, or a penny, in the fourth quarter of 2016. The company citedhigher income-tax expenses of $31.3 million, partially offset by improvements in otherareas. Excluding special items, thecompany posted an adjusted net loss of $13.8 million, or 3 cents, comparedto adjusted earnings of $3.3 mi...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 39.6 METRES OF 2.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE WEST, WITH INITIAL 2018 DRILL RESULTSCorvus Gold Inc. has received initial results from the first four holes of its 2018 phase 2 Mother Lode drill program. The results are from three holes evaluating the western extension of the Mother Lode deposit and one hole evaluating the southern ex...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 39.6 METRES OF 2.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE WEST, WITH INITIAL 2018 DRILL RESULTSCorvus Gold Inc. has received initial results from the first four holes of its 2018 phase 2 Mother Lode drill program. The results are from three holes evaluating the western extension of the Mother Lode deposit and one hole evaluating the southern ex...Read More
What were supposed to be benign minutes from the FOMC caused a meltdown in equities on Wednesday. In the initial reaction to an overly dovish Fed, markets soared higher, pushing the Dow up almost 300 points. The jubilation for more free money was quickly met with fear and a market meltdown, with the Dow closing down almost 200 On the news, the dollar crumbled, and gold rallied along with the bonds...Read More
LONDON, Feb 22 (Reuters) - The euro reversed a brief spike on Thursday and was flat on the day after minutes from a European Central Bank meeting last month showed policymakers felt it was too early to change their communication stance to signal a policy shift.The single currency was flat on the day after briefly rising 0.2 percent to the day's highs at $1.23085. Discussion over tweaking the bank'...Read More
Newmont Mining Corp.'s NEM, -1.39% shares dropped 1.5% premarket Thursday even after the company topped expectations with its fourth-quarter earnings. Here's what you need to know: EARNINGS: The gold producer reported a net loss of $534 million, or 99 cents a share. Excluding the impact of the new tax law and one-time items, the company earned 40 cents a share. Analysts polled by Thomson Reuters h...Read More
Buoyed by booming commodity prices and lower costs, Anglo American PLC doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade. Anglo American's results mark a decisive turnaround from two years ago, when the British mining giant, hammered by plunging commodities and hamstrung by a debt load of nearly $13 billion, began a dramatic corporate downsizing. N...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, said Thursday it plans to mine precious rocks this year at a rate not seen since the 2008 global financial crisis.Delivering its preliminary financial results for 2017, the miner said it intends to dig up as much as 36 million carats this year, up from 33.5 million in 2017, thanks mainly to the participation of its ne...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, said Thursday it plans to mine precious rocks this year at a rate not seen since the 2008 global financial crisis.Delivering its preliminary financial results for 2017, the miner said it intends to dig up as much as 36 million carats this year, up from 33.5 million in 2017, thanks mainly to the participation of its ne...Read More
Gold Short Term Elliott Wave view suggests that the yellow metal is still correcting cycle from 12.13.2017 low ($1236.30) as a double three Elliott Wave structure. Down from 1.25.2018 high ($1366.06), the decline is unfolding as a double three where Minor wave W ended at $1306.96 and Minor wave X bounce ended at $1361.81. Minor wave Y is in progress and the subdivision is also unfolding...Read More
About 50,000 ounces - or about 125 gold bars - is all that stood in the way of Newmont Mining Corp. claiming the title of world's biggest bullion producer.The Greenwood Village, Colorado-based miner said Thursday its 2017 gold production was 5.27 million ounces, ending the year in a near dead-heat with industry leader Barrick Gold Corp., which produced 5.32 million ounces.However, Newmont reitera...Read More
About 50,000 ounces - or about 125 gold bars - is all that stood in the way of Newmont Mining Corp. claiming the title of world's biggest bullion producer.The Greenwood Village, Colorado-based miner said Thursday its 2017 gold production was 5.27 million ounces, ending the year in a near dead-heat with industry leader Barrick Gold Corp., which produced 5.32 million ounces.However, Newmont reitera...Read More
Global miner Anglo American (LON:AAL) was full of good news Thursday as it announced it had doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade, thanks mainly to rising commodity prices and lower costs.The company, the last of the world's largest miners to report annual results this month, said earnings before interest, tax, depreciation and amortiz...Read More
Global miner Anglo American (LON:AAL) was full of good news Thursday as it announced it had doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade, thanks mainly to rising commodity prices and lower costs.The company, the last of the world's largest miners to report annual results this month, said earnings before interest, tax, depreciation and amortiz...Read More
Global miner Anglo American (LON:AAL) was full of good news Thursday as it announced it had doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade, thanks mainly to rising commodity prices and lower costs.The company, the last of the world's largest miners to report annual results this month, said earnings before interest, tax, depreciation and amortiz...Read More
Global miner Anglo American (LON:AAL) was full of good news Thursday as it announced it had doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade, thanks mainly to rising commodity prices and lower costs.The company, the last of the world's largest miners to report annual results this month, said earnings before interest, tax, depreciation and amortiz...Read More
Kammar Andries, of Ocoee, won the Main Event No-Limit Hold 'Em during the World Series of Poker Circuit at Seminole Casino Coconut Creek.Read full newsRead More