XAUUSD, H4 U.S. personal income and consumption each rose 0.4% in December. The 0.3% rise in income was not revised, but the 0.6% jump in spending was revised higher to 0.8% (and the 0.2% October gain was nudged to 0.3%). Compensation was up 0.4%, the same as in November. Wages and salaries increased 0.5% after the prior 0.4% gain. Disposable income was up 0.3%, as was the case in November (revise...Read More
* Dollar edges up after slide to 3-year lows* GRAPHIC-2018 asset returns: (Recasts throughout; updates headline, prices; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Jan 29 (Reuters) - Gold prices fell on Monday as a recovery in the U.S. dollar and rising government bond yields prompted investors to cash in bullion after its sixth weekly price rise in seven...Read More
Gold futures ended lower Monday as a popular dollar gauge climbed and benchmark Treasury yields cleared their highest level since April 2014. February gold GCG8, +0.16% lost $11.80, or 0.9%, to settle at $1,340.30 an ounce. The SPDR Gold Shares exchange-traded fund GLD, -0.43% fell 0.5% and the VanEck Vectors Gold Miners GDX, -0.97% eased 2.3%. Selling has set in ahead of the U.S. Federal Open...Read More
David Ljunggren, David LawderMONTREAL (Reuters) - The United States, Canada and Mexico said they had made progress in the latest round of talks to renegotiate the North America Free Trade Agreement, although the American representative complained progress was still very slow.United States Trade Representative Robert Lighthizer said the pace of the NAFTA negotiations had to pick up speed and demand...Read More
By Liz HamptonHOUSTON, Jan 29 (Reuters) - Oilfield services provider Quintana Energy Services aims to raise around $125 million through an initial public offering of shares, according to a filing on Monday with the U.S. Securities and Exchange Commission. The Houston-based company, which provides drilling and well-completion services, plans to sell around 9.3 million shares at between $12 and $15...Read More
* Morocco launched more flexible forex system 2 years ago* Has boosted its appeal to investors -IMF's Azour* Morocco's growth prospects in 2018 positive -Azour* Among most advanced Arab states in liberalising economy (Adds IMF official's remarks on Tunisia, Egypt, Gulf)By Ulf LaessingMARRAKECH, Morocco, Jan 29 (Reuters) - Morocco's new, more flexible hard currency system is a step in the right dir...Read More
We may have a daily top on our hands.However silver's sentiment is still really mute - dead neutral.We will continue with some long deltas in this market especially if the dollar continues to break down. Gold (NYSE:GLD) has tacked on well over $100 an ounce since its hard bottom at the FOMC meeting last month. Long-term sentiment has reached pretty optimistic levels which may mean we have the...Read More
BENGHAZI, Libya, Jan 29 (Reuters) - Libya's eastern-based parliament swore in a new central bank governor on Monday, though the head of a rival assembly in the capital, Tripoli, quickly rejected the move.The leadership of the Central Bank of Libya (CBL) has been divided since 2014, when rival political factions established competing governments in Tripoli and the east of the country.The eastern-ba...Read More
Iranian military boats have quietly ended years of harassment of US Navy vessels in the Persian Gulf, and it looks like another welcome sign of a new cop on the beat. For years, armed Iranian "fast...Read full newsRead More
ORENINC INDEX - Monday, January 29th, 2018North America's leading junior mining finance data providerORENINC MINING DEAL CLUBAccess to high-quality, pre-vetted financing opportunitieswww.miningdealclub.comLast week index score: 34.36This week: 22.99Zinc One Resources (TSXV:Z) received additional results from an ongoing surface-sampling program at its Bongar?? zinc mine project in north-central Per...Read More
(Kitco News) - Gold and silver markets ended the U.S. day session solidly lower Monday, pressuredby a firmer U.S. dollar index and lower crude oil prices. Such prompted someprofit-taking from the shorter-term futures traders after both metals last weekhit 4.5-month highs. February Comex gold futures were last down $12.20 an ounceat $1,339.80. March Comex silver was last down $0.301 at $17.14 an o...Read More
(Kitco News) - Gold and silver markets ended the U.S. day session solidly lower Monday, pressured by a firmer U.S. dollar index and lower crude oil prices. Such prompted some profit-taking from the shorter-term futures traders after both metals last week hit 4.5-month highs. February Comex gold futures were last down $12.20 an ounce at $1,339.80. March Comex silver was last down $0.301 at $17.14...Read More
Saudi Arabia is finally reaping the benefit of leading OPEC efforts to boost oil prices by trimming global output. Its net foreign reserves rose for three consecutive months through December for the first time since 2014, tracking oil's recovery. The trend may continue, with oil enjoying its best January since 2006 and net-long positions at record highs.Read full newsRead More
It's been a cold winter so far this year, with many parts of the country experiencing record low temperatures.Read full newsRead More
It sounds good, but be careful what you wish for.Read full newsRead More
Wyoming oil is saving the day, something that hasn't been said for more than two years. State revenue forecasts are improving. The oilfield service industry is climbing. And the generalRead full newsRead More
Shut up. Zip it. It is a pathetic and cowardly way of responding to reality, but it is, alas, a widespread behavior pattern in Western Europe today - and, at least in certain milieux in poor little Belgium, it has been all but raised to a sacrament.Read full newsRead More
Japan's new cryptocurrency regulations were put to the test last week when CoinCheck - a popular, if unlicensed, Tokyo-based crypto-exchange - became the target ofRead full newsRead More
Advanced Micro Devices, Inc. (NASDAQ:AMD) is scheduled to report fourth-quarter earnings after tomorrow's close. Below, we will take a look at how AMD stock has been faring on the charts, and how options traders are speculating on the semiconductor name -- which is on the cusp of a historically bullish month.AMD stock has gained more than 27% so far in 2018, and rallied roughly 36% from its Dec. 5...Read More
Chris Eadie, CFO at Rose Petroleum PLC (LON:ROSE), discusses with Proactive's Andrew Scott new analysis of its Paradox basin acreage, in Utah, which sees the potential for some 450mln barrels to be present.Specifically, they've received the initial interpretation of new 3D seismic data for a 20 square mile area known as the Gunnison Valley Unit or GSU.The process, which is ongoing, has identified...Read More