* Trumps says he wants strong dollar* U.S. 7-year note auction results show strong demand* ECB's Draghi says euro zone inflation to rise in medium term (Recasts, adds comment, 7-year note auction results, Trump's dollar remarks; updates table, prices in text)By Gertrude Chavez-DreyfussNEW YORK, Jan 25 (Reuters) - U.S. Treasury debt prices rose on Thursday, boosted by solid demand for 7-year notes...Read More

The U.S. stock market has carved out fresh all-time highs today on the back of some well-received blue-chip earnings. Among individual equities making big moves are biotech Summit Therapeutics PLC (NASDAQ:SMMT), cloud concern Nutanix Inc (NASDAQ:NTNX), and Rubbermaid parent Newell Brands Inc (NYSE:NWL). Here's a quick look at how shares of SMMT, NTNX, and NWL are trading.Summit Therapeutics Gaps A...Read More

Gold settled at a level not seen in more than a year on Thursday, as prices built on a steep rally a day earlier, fueled by weaker-dollar sentiment from the Trump administration. But prices for the precious metal moved lower in electronic trading Thursday afternoon as a leading index for the U.S. dollar clawed back up from their lowest levels in three years after President Donald Trump told CNBC...Read More

(Adds detail)LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday it was experiencing intermittent technology problems that are indirectly affecting its ability to process a limited number of transactions for wholesale counterparties."We have implemented workarounds to enable the Bank to operate as normal, including completing wholesale transactions in as timely a way as possible,...Read More

Cigarette stock Philip Morris International Inc. (NYSE:PM) is sinking today, on news a Food and Drug Administration (FDA) panel voted against the company's health claim for its electronic smoking devices. Sector peer Altria Group, Inc. (NYSE:MO) is getting pulled lower, too, as a result. Yet a closer look at PM and MO proves analysts and options traders are expecting the stocks to go higher. At la...Read More

(Kitco News)- Gold prices have fallen to session lows as President DonaldTrump showed his support for a strong U.S. dollar.In an interview with CNBC at the World Economic Forum inDavos Switzerland, Trump said that he wants to see a stronger U.S. dollar,adding that Wednesday’s comments from Treasury Secretary Steven Mnuchin weretaken out of context.“The dollar is going to get stronger a...Read More

(Kitco News) - Gold prices have fallen to session lows as President Donald Trump showed his support for a strong U.S. dollar.In an interview with CNBC at the World Economic Forum in Davos Switzerland, Trump said that he wants to see a stronger U.S. dollar, adding that Wednesday’s comments from Treasury Secretary Steven Mnuchin were taken out of context.“The dollar is going to get stron...Read More

With earnings season underway, we decided it would be beneficial to explore one way options traders can profit from a big stock move in either direction. Today, we will be looking into a strategy called the long straddle. A long straddle consists of buying a call option and a put option with the same strike and expiration date. This essentially takes direction out of the equation, so the position...Read More

Yesterday, gold won an influential supporter in the White House. Who is he? The Enemy of Gold’s Enemy Is Gold’s Friend As the ancient proverb goes, my enemy’s enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of the U.S. dollar are generally gold&...Read More

Cabot Energy Plc (LON:CAB) chief executive Keith Bush tells Proactive Investors their evolution into a significant producer has begun.Bush says production averaged 827 barrels of oil per day through the first half of January, and output for 2017 averaged 400 bopd.Cabot's now targeting between 1,600 bopd and 2,000 bopd by the end of 2018 - with guidance set at 1,000 bopd to 1,200 bopd on average fo...Read More

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday it was experiencing intermittent technology problems that are indirectly affecting its ability to process a limited number of transactions for wholesale counterparties."We have implemented workarounds to enable the Bank to operate as normal, including completing wholesale transactions in as timely a way as possible," the cen...Read More

(Kitco News)- Gold prices are starting the new year in stellar fashionand investors should see further gains throughout the year, according toanalysts at GFMS Thomson Reuters.In its fourth quarter 2017 Gold Survey, publishedThursday, the research team said that they could see prices rallying to $1,500an ounce at some point in 2018 with gold averaging the year at $1,360 an ounce. “We believe...Read More

(Kitco News) - Gold prices are starting the new year in stellar fashion and investors should see further gains throughout the year, according to analysts at GFMS Thomson Reuters.In its fourth quarter 2017 Gold Survey, published Thursday, the research team said that they could see prices rallying to $1,500 an ounce at some point in 2018 with gold averaging the year at $1,360 an ounce. “We bel...Read More

* No formal deal on Grasberg copper mine, but talks positive - CEO* Temporary permit extended to June* Freeport Q4 profit beats forecasts (Recasts; adds executive comments from conference call, details on potential permit deal)By Susan TaylorTORONTO, Jan 25 (Reuters) - Freeport-McMoRan Inc said it was edging closer to a permit deal with Indonesia for its massive Grasberg mine, but the world's seco...Read More

Following US Treasury Secretary Mnuchin's wishy-washy walk-back this morning, ECB president Draghi has failed to deliver a dovish enough press conference to reverse the trend and the dollar index is crashing to new cycle lows once again...Read full newsRead More

Jan 25 (Reuters) - The dollar pared losses against a basket of major currencies on Thursday after U.S. President Donald Trump told CNBC he ultimately wants the dollar to be strong, contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier."The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump said in an interview with...Read More

WASHINGTON, Jan 25 (Reuters) - U.S. President Donald Trump said on Thursday he ultimately wants the dollar to be strong, contradicting comments made by Treasury Secretary Steven Mnuchin one day earlier."The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump said in an interview with CNBC, adding that Mnuchin's comments had been misinterprete...Read More

Earnings season continues to ramp up next week, with a slew of high-profile names set to release quarterly results. The rest of the FAANG stocks will take their turn in the limelight, as well as several blue-chip companies including Boeing (NYSE:BA), McDonald's (NYSE:MCD), Exxon Mobil (NYSE:XOM), and Visa (NYSE:V). Meanwhile, the economic calendar is also jam-packed with goodies, featuring the fi...Read More

FRANKFURT, Jan 25 (Reuters) - European Central Bank policymakers gathering on Thursday were split on their next policy move as a stronger-than-expected rise in the euro gets in the way of their careful exit from years of aggressive stimulus, sources close to the matter told Reuters.The ECB reaffirmed its easy policy of massive bond purchases and ultra low-rates on Thursday despite an increasingly...Read More

The official opening of the Indian office is scheduled for March 2018. Currently, preparation works for the opening are underway there. Representative office won't be engaged in trading activity, and will focus on cooperation with local market.The Director of the representative office will cover ALROSA's activity in India. His key responsibilities will include cooperating with local industry organ...Read More