MOSCOW, Jan 25 (Reuters) - Alrosa could sell around 40 million carats of diamonds in 2018 provided market conditions are favourable, the Russian state-controlled diamond miner said on Thursday.The world's largest producer of rough diamonds has said it expects production to fall in 2018 due to an accident at its Mir mine last year although reserves would allow it to keep sales steady.It expects 201...Read More

(Kitco News)- Rhetoric over a potential globalcurrency war continues to heat up, prompting renewed interest in gold on theback of a weaker U.S. dollar.Markets continue to react anddigest comments made by U.S. Treasury Secretary Steven Mnuchin at the WorldEconomic Forum in Davos, Switzerland. On Wednesday, Mnuchin said that a weakerU.S. dollar has been “good” for the U.S. economy, rever...Read More

(Kitco News) - Rhetoric over a potential global currency war continues to heat up, prompting renewed interest in gold on the back of a weaker U.S. dollar.Markets continue to react and digest comments made by U.S. Treasury Secretary Steven Mnuchin at the World Economic Forum in Davos, Switzerland. On Wednesday, Mnuchin said that a weaker U.S. dollar has been “good” for the U.S. economy,...Read More

(Kitco News) - BMO Capital Markets looks forgold demand to continue even if the U.S. dollar recovers from some of itsrecent weakness, expressing confidence that the metal can remain above $1,300an ounce even on a pullback.Spot gold Thursday traded as highas $1,366.05, its strongest level since August 2016, before backing down. Themetal has been boosted in recent days by weakness in the U.S. dollar...Read More

By Francesco CanepaFRANKFURT, Jan 25 (Reuters) - Once famed for his ability to steer financial markets, European Central Bank's President Mario Draghi failed on Thursday to tame a sharp rally in the euro that threatens to blunt the impact of years of monetary stimulus.The single currency rallied to a fresh three-year high of $1.2536 as Draghi delivered an upbeat assessment of the euro zone economy...Read More

David Price, chief executive of Papua Mining PLC's (LON:PML), tells Proactive's Andrew Scott that first drilling at the Plateau prospect in Australia has reinforced their view the prospect is geologically similar to the nearby Mt Wright gold mine.Plateau is in the vicinity of a number of major gold deposits such as Mt Leyshon, Pajingo, Mt Wright and Ravenswood.  Meet Reward Minerals Ltd, Recc...Read More

(Updates to reflect afternoon trade)JOHANNESBURG, Jan 25 (Reuters) - South African assets were little changed on Thursday, with the rand strengthening slightly as the leader of the ruling African National Congress talked up the prospects for foreign investment at the World Economic Forum in Davos.At 1606 GMT, the rand was 0.08 percent stronger against the dollar at 11.8400, after hitting a new 2...Read More

(Refiles to remove advisory line. No other changes to text)By Rodrigo CamposNEW YORK, Jan 25 (Reuters) - The Mexican peso touched its strongest against the dollar in nearly four months on Thursday as the U.S. currency continued to weaken, while Argentina's Merval stock index briefly broke above the 35,000-point mark for the first time.Many emerging currencies hit multi-year highs against the green...Read More

* Draghi takes swipe at U.S.* May have to rethink policy* No rate hike this year* Rates, guidance kept unchanged* QE expected to end this year (Adds detail)By Balazs Koranyi and Francesco CanepaFRANKFURT, Jan 25 (Reuters) - European Central Bank chief Mario Draghi took a swipe atWashington on Thursday for talking down the dollar, a move he said threated a decades-old pact not to target the currenc...Read More

GOLD (in USD) Rising. Gold increases and exceeds the 1345 resistance point (15/01/2018). Hourly support is maintained at 1'306 (04/01/2018 low). The commodity even outreached the strong resistance landmark at 1357 (08/09/2017 high). The technical structure indicates further shortterm upside moves. In the long-term, the technical structure suggests that there is a growing upside momentum....Read More

LONDON, Jan 25 (Reuters) - Foreign exchange trading out of London declined 4 percent in October 2017 to $2.23 trillion, compared with six months earlier, thanks to a drop in volumes in cash spot and swaps, a semi-annual survey by the Bank of England showed on Thursday.The survey showed spot turnover in London, the world's biggest currency trading hub, declined by $45 billion per day from six month...Read More

WASHINGTON, Jan 25 (Reuters) - For details of the U.S. Treasury's auctions of 13-week, 26-week and 52-week bills next week, see:13-week bills 26-week bills 52-week bills (Washington economics newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; h...Read More

By Anna IrreraNEW YORK, Jan 25 (Reuters) - Online brokerage startup Robinhood plans to launch commission-free cryptocurrency trading, the company said on Thursday, riding a wave of interest from retail investors for the new asset class.Starting in February, Robinhood customers will be able to buy bitcoin and ether, the two most popular virtual coins. The Palo-Alto based startup plans to add more c...Read More

* ECB's Draghi says euro zone inflation to rise in medium term* German bond yields climb, Treasuries follow* Treasury to auction 7-year notes (Adds comment, U.S. data, byline, table; updates prices in text)By Gertrude Chavez-DreyfussNEW YORK, Jan 25 (Reuters) - U.S. Treasury debt yields for most maturities rose from earlier lows on Thursday in line with gains in those of euro zone bonds after Euro...Read More

(Adds details throughout on sectors and stocks; updates prices)* TSX falls 23.85 points, or 0.15 percent, to 16,260.36* Eight of the index's 10 main groups decline* Magna International falls 1.4 percent* Celestica declines 4.6 percent, Valeant down 4.7 percent TORONTO, Jan 25 (Reuters) - Canada's main stock index fell on Thursday as Magna International Inc and Valeant Pharmaceuticals Internation...Read More

Tech powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is continuing its long-term trend higher, after receiving a price-target hike fromD.A. Davidson. Specifically, while maintaining its "buy" rating, the brokerage firm raised its price target to $1,800 from $1,500 -- the most bullish target ever set for the FAANG stock -- citing expectations of strong results from the company's cloud computing, andprofi...Read More

The U.S. dollar has been hammered recently, and yesterday fell to a three-year low against a basket of foreign rivals, after Treasury Secretary Steve Mnuchin waxed optimistic on a weaker greenback. Against this backdrop, the PowerShares DB US Dollar Index Bullish Fund (UUP) is pacing for a seventh straight weekly loss -- something that's happened just one other time in history -- and option bears...Read More

Corporate earnings have been a big reason the U.S. stock market has been able to notch one record high after another in 2018, and the impressive quarterly updates show no sign of slowing down. Two of the most recent winners are healthcare stocks Varian Medical Systems, Inc. (NYSE:VAR) and Abbott Laboratories (NYSE:ABT). Shares of VAR are trading at record levels following the company's well-receiv...Read More

The latest round of corporate earnings reports has sparked a risk-on session on Wall Street, with the major market indexes carving out new record highs. Among specific names rising on positive earnings reactions are mining stocks Cleveland-Cliffs Inc (NYSE:CLF) and Freeport-McMoRan Inc (NYSE:FCX). Here's a closer look at how shares of CLF and FCX are trading today.Cleveland-Cliffs Stock Rallies Pa...Read More

(Kitco News) - Gold prices have lost their modest early gains inlate-morning trading action Thursday. Some normal profit-taking from theshorter-term futures traders is featured following the sharp gains Wednesdaythat pushed gold prices to a 4.5-month high. February gold was last down $1.00at $1,355.00. By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The v...Read More