With some profit taking on tap when gold’s 6-week rally paused for a bit last week, the GDX has been sold down to strong support at the $23 level. The major miner ETF move up from its mid-December low was stopped cold just before it could reach long-term resistance at the $25 region, when it had a strong volume intra-day reversal from this critical level on January 25th. Since then, the mine...Read More

With some profit taking on tap when gold’s 6-week rally paused fora bit last week, the GDX has been sold down to strong support at the $23 level.The major miner ETF move up from its mid-December low was stopped cold justbefore it could reach long-term resistance at the $25 region, when it had astrong volume intra-day reversal from this critical level on January 25th.Since then,the miner pric...Read More

FREETOWN, Feb 2 (Reuters) - Sierra Leone's finance minister on Friday played down a decision by the IMF to delay a disbursement because of the West African country's failure to improve revenue collection, saying the fund would return in May to discuss the programme.The IMF said on a statement on its website on Wednesday it had delayed its disbursement of the second tranche of programme financing &...Read More

BENGALURU/MUMBAI, Feb 2 (Reuters) - Demand for physical gold improved this week in India as jewellers resumed purchases after the government kept import taxes on the precious metal unchanged, while buying remained subdued in most other centres in Asia.Jewellers in India had delayed purchases earlier this week and offered gold at a discount anticipating a reduction in the tax in the country's annua...Read More

   •  A modest USD rebound prompts fresh selling.   •  Surging US bond yields offset risk-off environment.    •  Focus remains on the key US monthly jobs data. Gold traded with a mild negative bias through the mid-European session on Friday and has now eroded all the previous session's modest gains.  The precious metal stall...Read More

1 February 2018Rio Tinto and The Perth Mint are delighted to unveil the first pav?(C) set Argyle pink diamond gold coin.Known as The Jewelled Phoenix, the coin is adorned with a delicately sculptured 18ct pink gold Chinese phoenix, hand set with a total of 1.22 carats of rare pink diamonds from Rio Tinto's Argyle diamond mine in the east Kimberley region of Western Australia.Perth Mint chief execu...Read More

By Dasha Afanasieva, Pamela Barbaglia and Arno SchuetzeLONDON, Feb 2 (Reuters) - British buyout firm Bridgepoint has mandated Rothschild to sell the residential care business of Care UK, four financial sources familiar with the matter said.Private equity backers have been ubiquitous in Britain's care homes sector. Another British private equity firm Terra Firma had to write down its investment in...Read More

(Kitco News)- Theuptrend in gold prices might not be able to outlast the winter as bond yieldsare surging higher into the weekend, increasing the yellow metal’s opportunitycosts.Punxsutawney Phil saw his shadow Friday, which means six more weeks of winter. Can the gold rally last that long too? Image courtesy of Alessandro M.Friday,Punxsutawney Phil, the famous weather pontificating groundho...Read More

(Kitco News) - The uptrend in gold prices might not be able to outlast the winter as bond yields are surging higher into the weekend, increasing the yellow metal’s opportunity costs. Punxsutawney Phil saw his shadow Friday, which means six more weeks of winter. Can the gold rally last that long too? Image courtesy of Alessandro M. Friday, Punxsutawney Phil, the famous weather pontificati...Read More

MGM Resorts International (NYSE:MGM) is one of the worst S&P 500 stocks to own in February, going back 10 years. Shares of the casino stock have shed 6.87% on average during the month over that time span, finishing positive just three times. Plus, the stock has been stung by negative earnings reactions, with MGM losing 9.3% and 8.3%, respectively, in the sessions immediately following the last two...Read More

The survey by the London Bullion Market Association of analysts' predictions for the gold price this year suggest a wild ride for bullion after a fairly uneventful 2017.The LBMA, a standards setting body for the industry, says the 34 analysts polled are divided on the paths that precious metal prices will take in 2018:"Opinions differ as to the level of US real interest rates, the likely impact...Read More

(Kitco News) - Gold is expected to see a sustained rally on the back of aweakening dollar, overvalued stock markets, and heightening geo-politicaltensions, according to a report from Sucden Financial.In the near term, analysts at the international brokeragefirm said they see a modest retracement in the yellow metal to $1,320 an ouncebefore climbing higher to test resistance at $1,400 an ounce, be...Read More

LONDON, Feb 2 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/ SUPER THURSDAY It's "Super Thursday" for the Bank of England next week when it decides on interest rates, publishes minutes from its last meeting, and issues its quarterly Inflation Report. No move on rates is expected...Read More

(Kitco News) - Gold is expected to see a sustained rally on the back of a weakening dollar, overvalued stock markets, and heightening geo-political tensions, according to a report from Sucden Financial.In the near term, analysts at the international brokerage firm said they see a modest retracement in the yellow metal to $1,320 an ounce before climbing higher to test resistance at $1,400 an ounce,...Read More

* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Updates with closing prices)By Eric OnstadLONDON, Feb 2 (Reuters) - Lead prices hit 6-1/2 year highs on Friday on worries about shortages after key Chinese mines shut for the winter. Lead pared gains and other industrial metals sunk into the red under pressure from a rebound in the dollar following strong U.S. jobs data.Benchmark lead on the London Me...Read More

Stocks are in a downward spiral, after this morning's nonfarm payrolls report strengthened the case for a March rate hike -- and sent the 10-year Treasury yield spiking to a four-year high. Looking closer, the Dow Jones Industrial Average (DJI) is staring at a more than 300-point loss, with blue-chip energy names Chevron (CVX) and Exxon Mobil (XOM) applying the most pressure after earnings. If th...Read More

Earnings season is here, ladies and gentlemen, and with it comes heightened volatility for many stocks as investors anticipate, and react to, quarterly reports. What can savvy traders do to capitalize on volatility spikes? Today, we will break down the long strangle options strategy, and how it can help investors profit from surging volatility without committing to a bullish or bearish bias.A long...Read More

Global miner Rio Tinto (ASX, LON:RIO) is said to be once again chasing a $5bn stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, following the resolution of a long-dragged dispute between the company and the country's government over royalties in Salar de Atacama.The deal between SQM and Chile's development agency Corfo, reached last month, freed the lit...Read More

Global miner Rio Tinto (ASX, LON:RIO) is said to be once again chasing a $5bn stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, following the resolution of a long-dragged dispute between the company and the country's government over royalties in Salar de Atacama.The deal between SQM and Chile's development agency Corfo, reached last month, freed the lit...Read More

* Strong U.S. wage growth boosts inflation expectations* Euro zone yields follow U.S. Treasury yields higher* German Bund yields highest since Sep 2015 (Updates prices, adds Viceroy)By Fanny PotkinFeb 2 (Reuters) - Euro zone bond yields extended their rise on Friday after U.S. payroll data indicated that annual wage growth in the world's biggest economy was the strongest since 2009. U.S. job growt...Read More