Traders and investors that follow gold and the US dollar were participants in a virtual roller coaster ride this week as conflicting versions of the current administration's policy on the US dollar surfaced. Statements made by Stephen Mnuchin the Treasury Secretary on Wednesday sent gold prices sharply higher, and the US dollar index sharply lower. The dollar index lost roughly 1% in value, and go...Read More

Stocks managed to finish the week on a positive note, with all three indexes ending in the black and touching fresh record highs during intraday trading. Gains were mostly driven by strong corporate earnings, with Intel(INTC) leading the charge, and a healthcare rally also added to stocks' upward momentum. As such, traders seemingly shrugged off a weaker-than-expected reading on fourth-quarter gro...Read More

* Q4 advance GDP expands 2.6 pct vs 3 pct forecast* Intel jumps after strong earnings, bullish forecast* Starbucks falls after weak-holiday qtr sales* Dow up 0.84 pct, S&P 500 up 1.18 pct, Nasdaq up 1.28 pct (Updates to market close)By Chuck MikolajczakNEW YORK, Jan 26 (Reuters) - The latest round of strong earnings reports, including from Intel and AbbVie, along with continued weakness in the...Read More

TORONTO, Jan 26 (Reuters) - Canada's main stock index rose on Friday, led by shares in Bombardier , which closed up 15 percent after it won an unexpected trade victory against U.S. planemaker Boeing Co .The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 35.21 points, or 0.22 percent, at 16,239.22. Nine of the index's 10 main groups ended higher. (Reporting by Matt Scuf...Read More

NEW YORK, Jan 26 (Reuters) - The latest round of strong earnings reports, including from Intel and AbbVie , along with continued weakness in the dollar lifted each of the major Wall Street indexes to closing records on Friday.The Dow Jones Industrial Average rose 221.23 points, or 0.84 percent, to 26,614.02, the S&P 500 gained 33.54 points, or 1.18 percent, to 2,872.79 and the Nasdaq Composite...Read More

(Updates data, quotes, chart)* U.S. Q4 2017 GDP grew 2.6 percent, below forecasts* Two-year note yield hits nine-year high* Bank of Japan governor sees signs of inflation By Kate DuguidNEW YORK, Jan 26 (Reuters) - U.S. Treasury yields rose Friday following data showing the nation's economy grew 2.6 percent in the final quarter of 2017 and the governor of the Bank of Japan said inflation is finall...Read More

* U.S. economic growth slows in Q4 on surging imports* Yen up on BoJ's Kuroda comments on economy, inflation (Updates prices, market activity, adds comment)By Saqib Iqbal AhmedNEW YORK, Jan 26 (Reuters) - The dollar remained weak against a basket of currencies on Friday, bruised by comments by senior U.S. officials this week backing a weak dollar, and was on pace for its worst weekly fall since Ju...Read More

Coincheck told authorities that it had lost 500 million NEM cryptocurrency coins in today's cyberheist, which at the current exchange rate amounts to roughly $400 million!Read full newsRead More

(Adds details, analyst comments, updates markets)* Fourth-quarter GDP rises at a 2.6 percent rate* Consumer, business spending contribute to GDP growth* Trade, inventories subtract from growth* Core capital goods orders fall 0.3 percent in December By Lucia MutikaniWASHINGTON, Jan 26 (Reuters) - U.S. economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spen...Read More

NEW YORK, Jan 26 (Reuters) - Speculators' net short dollar bets rose in the latest week to their largest since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.The value of the net short dollar position, derived from net holdings of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian a...Read More

Overstock.com Inc (NASDAQ:OSTK) is tentatively scheduled to report fourth-quarter earnings after next Monday's close. Below, we will take a look at how OSTK stock has been faring on the charts, and how options traders are speculating on the blockchain name.Looking closer, Overstock.com has had an astounding run recently, gaining more than 344% over the past six months and touching an all-time high...Read More

It was another impressive week for the U.S. stock market, as investors continue to cheer corporate earnings. The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all recorded all-time highs and a fourth straight weekly win, even after the government shutdown carried over into Monday. Meanwhile, the White House tried to iron out its position on the weakening U.S....Read More

Gold in Brief:We've been on hiatus for some time now. The last thing we did was make a call that gold was headed to $1700. In fact, one of our writers, Vince Lanci, stated in a kitco interview with Daniela Cambone that the trade was to short BTC futures and buy gold on a dollar neutral basis. That has worked out well. So we circled back with him for some insight:SK: Did you buy Gold and short...Read More

Metallis Resources Inc. (TSXV:MTS) ("Metallis" or the "Company") is pleased to announce that further to its news release dated January 5, 2018, the Company has closed its private placement (the "Private Placement") pursuant to which its issued 1,897,142 Units at a price of $1.15 per Unit for aggregate gross proceeds of $2,181,713.Read full newsRead More

BloombergThe U.S. economy just finished one of its strongest stretches of growth since an expansion begin in mid-2009 The numbers: Consumers and businesses powered the economy to a 2.6% rate of gross domestic product growth in the final three months of 2017. But declining inventories and a wider trade deficit kept the U.S. from hitting the 3% mark for the third quarter in a row for the first time...Read More

Q4 GDP came in at 2.6%, missing expectations and below last quarter's 3.2% GDP print, and the lowest since the first quarter of 2017, largely as a result of a surging trade deficit in the fourth quarter.Read full newsRead More

(Kitco News)- Despiteoverwhelming optimism as a result of global synchronized growth, some financialexperts see potential economic storm clouds gathering on the horizon, accordingto comments made during the 48 annual World Economic Forum at Davos,Switzerland.Image courtsey of the World Economic Forum / Ciaran McCrickardDuringthe final day of the global economic conference, some of the global elite...Read More

(Adds details and background)By Suleiman Al-KhalidiAMMAN, Jan 26 (Reuters) - Jordan said a decision to end subsidies on staple pitta bread that will lift its prices by between 60 and 100 percent will take effect on Saturday, the first such step in over two decades to ease the country's budget woes.The price of a kilo of white pitta bread was raised 60 percent to 0.40 dinars from 0.25 dinars and p...Read More

The U.S. stock market is set to end the week with strong gains, as Wall Street reacts to the latest batch of corporate earnings reports. Among individual names making big moves are Israel-based biotech RedHill Biopharma Ltd (NASDAQ:RDHL), Dow stock Pfizer Inc. (NYSE:PFE), and Humira parent AbbVie Inc (NYSE:ABBV). Here's a quick look at how the drug stocks are trading today.RedHill Biopharma Stock...Read More

* Q4 advance GDP expands 2.6 pct vs 3 pct forecast* Intel jumps after strong earnings, bullish forecast* Starbucks falls after weak-holiday qtr sales* Dow up 0.45 pct, S&P 500 up 0.75 pct, Nasdaq up 0.89 pct (Updates to mid-afternoon, changes byline)By Chuck MikolajczakJan 26 (Reuters) - Wall Street climbed on Friday as both the S&P 500 and Dow hit records on the latest round of strong ear...Read More