Recent News

Some in BOJ see future room to raise rates, slow asset buying - Dec minutes

January 25, 2018 / www.kitco.com

TOKYO, Jan 26 (Reuters) - Some Bank of Japan board members said the central bank should consider raising interest rates or slow purchases of risky assets if the economic recovery continued, minutes of their December policy meeting showed on Friday.Most of the nine-member board agreed it was appropriate to maintain the BOJ's current "powerful" monetary easing with inflation distant from i...Read More

BOJ's Kuroda says FX rates should reflect fundamentals - Kyodo

January 25, 2018 / www.kitco.com

TOKYO, Jan 26 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said there was a shared agreement among Group of Seven advanced economies that currency rates should move stably reflecting economic fundamentals, Kyodo news agency reported.Kuroda's remarks were made to reporters in Davos on Thursday, when asked about U.S. Treasury Secretary Steven Mnuchin's comments that a weak dollar was good for...Read More

A Roller Coaster Ride For The U.S. Dollar And Gold

January 25, 2018 / www.kitco.com

Traders and investors were taken on a roller coaster ride in terms of price swings in both the dollar and gold markets during today’s trading session. Gold had been trading higher for the better part of the morning session, posting gains as it still had momentum from the previous day's rally.In fact, gold futures traded to a new yearly record high, taking prices to $1365.40 an ounce in early...Read More

A Roller Coaster Ride For The U.S. Dollar And Gold

January 25, 2018 / www.kitco.com

Traders and investors were taken on a roller coaster ride in terms of price swings in both the dollar and gold markets during today’s trading session. Gold had been trading higher for the better part of the morning session, posting gains as it still had momentum from the previous day's rally.In fact, gold futures traded to a new yearly record high, taking prices to $1365.40 an ounce in early...Read More

RPT-Japan Dec core CPI rises 0.9 pct yr/yr

January 25, 2018 / www.kitco.com

(Attaches to additional alert)TOKYO, Jan 26 (Reuters) - Japan's core consumer prices rose 0.9 percent in December from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.9 percent annual gain.Stripping away the effect of fresh food and energy, consumer prices r...Read More

Jan 25 Cameco (CCO,TSX) Announces Filing of a Technical Report for the Inkai Operation

January 25, 2018 / www.marketwired.com

SASKATOON, SASKATCHEWAN--(Marketwired - Jan. 25, 2018) - ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)Cameco (TSX:CCO) (NYSE:CCJ) announced today that it filed a technical report under Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects titled "Inkai Operation, South Kazakhstan Oblast, Republic of Kazakhstan." The technical report is dated J...Read More

EMERGING MARKETS-Mexican peso seesaws over dollar; Argentina stocks hit record

January 25, 2018 / www.kitco.com

(Updates prices, adds Trump comments)By Rodrigo CamposNEW YORK, Jan 25 (Reuters) - Mexico's peso seesawed against the dollar on Thursday as U.S. officials sent mixed signals on the greenback, while Argentina's Merval stock index broke the 35,000-point mark for the first time.Several emerging currencies hit multi-year highs against the greenback, with the dollar index languishing at more than three...Read More

New Zealand shares fall in lacklustre trading; Australia closed

January 25, 2018 / www.kitco.com

By Aditya SoniJan 26 (Reuters) - New Zealand shares saw broad-based losses on Friday, with healthcare stocks leading the fall, in a thin trading environment with Australian stock markets closed for a holiday.Six out of seven major sectors traded in the red, with the benchmark S&P/NZX 50 index falling 0.3 percent or 26.5 points to 8343.28 by 2251 GMT, having risen 0.6 percent on Thursday. The b...Read More

Gold remains supported on hawkish ECB

January 25, 2018 / www.fxstreet.com

Prior to the European Central Bank’s press conference earlier today, many people were expecting ECB President Mario Draghi to talk down the euro. He didn’t. In fact, his comments were quite optimistic and this helped to underpin the euro, lifting the main EUR/USD exchange rate to above 1.25. As the euro rose, the German DAX and other European stocks indices started to head lower. This...Read More

A golden idea? Museum offered 18-karat toilet to Trump - Washington Post

January 25, 2018 / www.kitco.com

By Alex DobuzinskisJan 25 (Reuters) - New York's Guggenheim Museum offered to lend an 18-karat gold toilet to President Donald Trump after the White House asked to borrow a painting by Vincent Van Gogh, the Washington Post reported on Thursday.The museum's chief curator offered to loan the toilet, which had been used by tens of thousands of visitors, in a Sept. 15 email to a Trump administration o...Read More

CANADA STOCKS-TSX falls most in six weeks as resource shares slide

January 25, 2018 / www.kitco.com

(Adds details throughout on market activity; updates prices)* TSX falls 80.2 points, or 0.49 percent, at 16,204.01* Five of the index's 10 main groups decline* Energy falls 1 percent, materials down 1.4 percent* Enbridge falls 2.4 percent, TransCanada declines 2.6 percent TORONTO, Jan 25 (Reuters) - Canada's main stock index suffered its biggest drop since mid-December on Thursday as pipeline ope...Read More

Orla Mining to buy Monitor gold project in Nevada

January 25, 2018 / www.stockwatch.com

Mr. Marc Prefontains reportsORLA ACQUIRES MONITOR GOLD EXPLORATION PROJECT IN CENTRAL NEVADA Orla Mining Ltd. has entered into an agreement to acquire up to a 100-per-cent interest in the Monitor Gold exploration project, consisting of 340 claims covering approximately 2,800 hectares in central Nevada.The project covers zones with silicification and samples with anomalous gold in both Paleozoic ca...Read More

Orla Mining to buy Monitor gold project in Nevada

January 25, 2018 / www.stockwatch.com

Mr. Marc Prefontains reportsORLA ACQUIRES MONITOR GOLD EXPLORATION PROJECT IN CENTRAL NEVADA Orla Mining Ltd. has entered into an agreement to acquire up to a 100-per-cent interest in the Monitor Gold exploration project, consisting of 340 claims covering approximately 2,800 hectares in central Nevada.The project covers zones with silicification and samples with anomalous gold in both Paleozoic ca...Read More

U.S. tech stock funds attract most cash since 2000 -Lipper

January 25, 2018 / www.kitco.com

NEW YORK, Jan 25 (Reuters) - U.S. fund investors piled into technology stocks during the latest week, pouring the most money into the market than in any week since March 2000, Lipper said on Thursday.The funds pulled in $1.7 billion during the week ended Jan. 24, according to the research service. (Reporting by Trevor Hunnicutt; Editing by James Dalgleish) Disclaimer: The views expressed in this...Read More

UPDATE 1-Western Digital's revenue growth slightly tops estimates

January 25, 2018 / www.kitco.com

(Adds estimates, share movement)Jan 25 (Reuters) - Western Digital Corp reported a slightly better-than-expected 9.2 percent jump in quarterly revenue on Thursday, as it benefited from healthy pricing for NAND memory chips and strong demand for memory chips used in PCs and smartphones.The company's revenue rose to $5.34 billion in its second quarter ended Dec. 29 from $4.89 billion a year earlier...Read More

Klondex Mines drills 10.7m of 56.65g/t Au at Fire Creek

January 25, 2018 / www.stockwatch.com

Mr. Brian Morris reports KLONDEX CONTINUES TO EXTEND HIGH GRADE MINERALIZATION AT FIRE CREEK'S ZEUS TARGET, INCLUDING 1.65 OPT AU OVER 35.0 FT; COMPANY SCHEDULES ANNOUNCEMENT OF 2017 OPERATING RESULTS AND 2018 GUIDANCEKlondex Mines Ltd. has provided the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek mine located in northern Nevada, United States.Su...Read More

Klondex Mines drills 10.7m of 56.65g/t Au at Fire Creek

January 25, 2018 / www.stockwatch.com

Mr. Brian Morris reports KLONDEX CONTINUES TO EXTEND HIGH GRADE MINERALIZATION AT FIRE CREEK'S ZEUS TARGET, INCLUDING 1.65 OPT AU OVER 35.0 FT; COMPANY SCHEDULES ANNOUNCEMENT OF 2017 OPERATING RESULTS AND 2018 GUIDANCEKlondex Mines Ltd. has provided the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek mine located in northern Nevada, United States.Su...Read More

PRECIOUS-Gold reverses course, falls from 2016 high as dollar rebounds

January 25, 2018 / www.kitco.com

* Dollar reverses after Trump comments* Gold drops more than 1 percent (New throughout, updates prices and market activity and comments)By Renita D. Young and Peter HobsonNEW YORK/LONDON, Jan 25 (Reuters) - Gold dropped more than 1 percent on Thursday, retreating after an early rise as the U.S. dollar strengthened when President Donald Trump talked up a stronger greenback.The dollar reversed earli...Read More

US STOCKS-Dow and S&P 500 reach records; market cools after Trump talks up dollar

January 25, 2018 / www.kitco.com

* Biogen climbs after earnings* Intel up after bell, Starbucks down* Indexes end: Dow +0.54 pct, S&P 500 +0.06, Nasdaq -0.05 pct (Updates with close of market)By Noel RandewichNEW YORK, Jan 25 (Reuters) - The Dow Jones Industrial Average and S&P 500 closed at their highest levels ever on Thursday although Wall Street relinquished bigger gains after President Donald Trump said he wants a st...Read More

U.S. airline shares fall again as investors worry about capacity, price wars

January 25, 2018 / www.kitco.com

By Alana WiseNEW YORK, Jan 25 (Reuters) - U.S. airline shares sunk further on Thursday as quarterly reports from American Airlines and Southwest Airlines did nothing to quell investors' fears that carriers' plans to expand capacity will lead to lower fares just as the industry faces rising costs. Fears about the resulting hit to bottom lines sent the NYSE Arca Airline Index down 2.4 percent. It is...Read More

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