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

(Adds background, details)MOSCOW, Jan 25 (Reuters) - Real wages in Russia rose less than expected in December and industrial output continued to fall, data showed on Thursday, putting pressure on the economy and living standards ahead of a presidential election in March.Russia's oil-dependent economy began a fragile recovery in 2017 after two years of recession, triggered by a sharp drop in global...Read More

(Kitco News)- Technical profit taking is weighing on gold prices, as themarket ignores a more than 9% drop in new home sales.Tuesday,the U.S. Commerce Department said that new home sales fell 9.3% in December,to a seasonally adjusted annualized rate of 625,000 homes, down from November'srevised rate of 689,000 units.  According to consensus forecasts,economists were expecting to see a sa...Read More

NEW YORK, Jan 25 (Reuters) - U.S. 30-year mortgage rates rose to a 10-month peak this week in line with rising Treasury yields on expectations faster global economic growth and speculation of reduced stimulus from overseas central banks, Freddie Mac said on Thursday.The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 4.15 percent in the week ended on Jan....Read More

(Kitco News) - Thethreat of a “currency war” may provide fuel for gold to continue its rally,Commerzbank analysts said Thursday.Thedollar has significantly weakened since U.S. Treasury Secretary Steven Mnuchincommented at the World Economic Forum in Davos Wednesday that a weaker dollarwould be “good” for the U.S. Previously, since the Clinton presidency, U.S.administrations...Read More

Jan 25 (Reuters) - The Baltic Exchange's main sea freight index , which tracks rates for ships carrying dry bulk commodities, rose on Thursday on higher rates for capesizes and panamax vessels.* The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 17 points, or 1.42 percent, at 1,217 points.* The capesize index gained 76 points, or 4.53 p...Read More