(Kitco News)- The gold market is ending its secondconsecutive week in negative territory and many investors are asking: Whathappened?Gold’s losses come as equitymarkets fell sharply into corrective territory, with the past week seeing the Dow Jones Industrial Average shedding more than 1,000 points in two sessions.In total, the Dow, last trading at 23,784 points is down more than 6% sincelas...Read More

(Kitco News) - The gold market is ending its second consecutive week in negative territory and many investors are asking: What happened?Gold’s losses come as equity markets fell sharply into corrective territory, with the past week seeing the Dow Jones Industrial Average shedding more than 1,000 points in two sessions. In total, the Dow, last trading at 23,784 points is down more than 6% sin...Read More

* Stocks selloff lends some support to bonds* But sentiment still weak on central bank worries* Euro zone periphery govt bond yields (Updates prices, adds in Greece and BOJ)By Dhara Ranasinghe and Sujata RaoLONDON, Feb 9 (Reuters) - Core euro zone bond yields edged down on Friday as renewed selling in world stocks lent some support to safe-haven debt markets, which themselves have been bruised as...Read More

LONDON, Feb 9 (Reuters) - Curbing the ability of asset managers located in Britain to run funds based in the European Union after Brexit would go against global norms and could fragment markets, Bank of England Deputy Governor Jon Cunliffe said on Friday.The bloc has published guidance on how UK-based asset managers could continue to run funds in the bloc after Britain leaves the EU in March 2019....Read More

* Euro on course for worst week since November 2016* Dollar backs off four-month lows vs yen as safe-haven bids fade* Strategists expect dollar weakness to resume despite rally* Currency market volatility rises less than stocks, bonds (Updates market action, changes dateline, previous LONDON)By Richard Leong and Kate DuguidNEW YORK, Feb 9 (Reuters) - The dollar rose on Friday, putting it on track...Read More

Ontario is partnering with Voyageur Aviation to boost North Bay's aviation sector through an investment to help the company expand its operations at the Jack Garland Airport.Michael Gravelle, Minister of Northern Development and Mines, was in North Bay today to make the announcement. Funding through the province's Northern Ontario Heritage Fund Corporation (NOHFC) will help create 40 jobs and supp...Read More

JOHANNESBURG, Feb 9 (Reuters) - South Africa's Kumba Iron Ore said on Friday it had reversed a 4.8 billion rand ($396 million) pretax impairment charge on its Sishen mine in its 2017 results, following an improved operational performance at the mine.The unit of Anglo American said reversal, net of tax and non-controlling interest, was 2.6 billion rand and would be included in its basic earnings bu...Read More

Peter Wale, director at Strategic Minerals Plc (LON:SML), tells Proactive's Andrew Scott their access to the Cobre magnetite stockpile in New Mexico has been extended until the end of March next year.Wale says the news is a significant development given the fact they're expecting the strong sales which the company achieved last year will continue into 2018.  Meet Medusa Mining, Cora Gold, Gro...Read More

* Nvidia jumps after upbeat results, forecast* Expedia slips on disappointing 2018 guidance* Yields on 10-yr U.S. notes end week little changed* Dow down 0.14 pct, S&P and Nasdaq up less than 0.1 pct (Changes comment, updates prices, adds details)By Sruthi ShankarFeb 9 (Reuters) - U.S. stocks indexes were little changed in volatile trading on Friday, after jumping more than 1 percent at the op...Read More

By Kristen HaunssNEW YORK, Feb 9 (Reuters) - A US court ruled on Friday that Collateralised Loan Obligation (CLO) funds should be exempt from the Dodd-Frank financial reform legislation requirement that managers hold some of their fund.The ruling will allow CLOs to save money as they will no longer have to buy some of their fund in order to meet regulators' 'skin in the game' requirements. The US...Read More

(Kitco News) - WallStreet and Main Street continue to have opposing viewpoints on the short-termprice direction of gold, although the difference has narrowed, based on theweekly Kitco News gold survey. Wall Street Bullish Bearish Neutral VSMain Street Bullish Bearish Neutral Forthe second Friday in a row, the largest Wall Street bloc of voters called forgold to fall over the n...Read More

(Kitco News) - Wall Street and Main Street continue to have opposing viewpoints on the short-term price direction of gold, although the difference has narrowed, based on the weekly Kitco News gold survey. Wall Street Bullish Bearish Neutral VS Main Street Bullish Bearish Neutral For the second Friday in a row, the largest Wall Street bloc of voters called for gold...Read More

(Adds further comments from Orban, background)(.)BUDAPEST, Feb 9 (Reuters) - Hungary will soon sign a 15-year deal to import almost half the natural gas it needs each year from Romania, considerably reducing its reliance on Russia, Prime Minister Viktor Orban said on Friday.Orban told a news conference that three Hungarian companies had won a tender in Romania for the gas. He did not name the com...Read More

(Adds details throughout on stocks and sectors; updates prices)TORONTO, Feb 9 (Reuters) - Canada's main stock index fell to a five-month low on Friday, led lower by financial and materials shares as commodity prices fell and domestic data showed the economy lost the most jobs in nine years.* The 88,000-job decrease fell well short of economists' forecasts for a gain of 10,000 and was the biggest...Read More

Feb 9 (Reuters) - U.S. stocks turned higher in choppy trading on Friday after the Nasdaq Composite Index hit an over two-month low, as investors continued to grapple with elevated volatility.At 11:12 a.m. ET, the Dow Jones Industrial Average was up 54.47 points, or 0.23 percent, at 23,914.93, the S&P 500 was up 10.88 points, or 0.42 percent, at 2,591.88 and the Nasdaq Composite was up 30.94 po...Read More

Expedia Inc (NASDAQ:EXPE) stock is struggling today, down 16.8% to trade at $102.39 -- fresh off an annual low of $102.06 and on track for its worst day since July 2013. The freefall comes after the company reported fourth-quarter earnings and revenue below analyst forecasts. Expedia also gave a disappointing 2018 forecast -- citing marketing costs that would outpace revenue growth -- and several...Read More

Image: ShutterstockCopper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne yesterday, a 147% surge since the beginning of 2017.Lithium carbonate prices began its run up two years ago, going from $6,100 per tonne to average $23,350 so far this year on hop...Read More

Image: ShutterstockCopper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne yesterday, a 147% surge since the beginning of 2017.Lithium carbonate prices began its run up two years ago, going from $6,100 per tonne to average $23,350 so far this year on hop...Read More

(Adds details from report, background, market reaction)WASHINGTON, Feb 9 (Reuters) - U.S. wholesale inventories rose more than initially estimated in December, helped by a sturdy rise in auto stocks.The Commerce Department said on Friday that wholesale inventories rose 0.4 percent after a revised 0.6 percent rise in November. The department reported last month that wholesale inventories rose 0.2...Read More

Casino stocks Wynn Resorts, Ltd (NASDAQ:WYNN) and Penn National Gaming, Inc (NASDAQ:PENN) were targeted by analysts this morning, with both securities trading lower, at last check.Below, we will take a look at today's analyst notes, and how WYNN and PENN stocks have been faring on the charts of late.Analyst: Take Profits on WYNNWynn Resorts stock gapped lower in late January, backing down from thr...Read More