Gold edged down on Monday, retreating further from last week's 3-1/2 month high as the dollar clawed back some ground against the buoyant euro and as traders bet on further increases to U.S. interest rates after Friday's payrolls data.Dollar weakness, which continued into early January after its biggest annual drop since 2003, had helped to lift assets priced in the U.S. currency, with gold last w...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)By Jamie McGeeverLONDON, Jan 8 (Reuters) - Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near term.Data from the Chicago Futures Trading Commission show that hedge fund...Read More
Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China's east coast under control on Monday as fire raged for a second day following a collision with a grain ship, while the body of one of the 32 missing crew members was found on aboard.Read full newsRead More
* Sell dollar theme remains alive in currency markets* Graphic: World FX rates in 2017 By Saikat ChatterjeeLONDON, Jan 8 (Reuters) - The euro dipped a quarter of a percent on Monday as investors took profits after a recent rally though markets remain optimistic about the outlook for the single currency after lackluster U.S. jobs data.With foreign exchange markets extending the sell-dollar theme fr...Read More
Diamond miners have started the year off on the right foot as two Africa-focused producers announced Monday the recovery of three huge diamonds, each bigger than 100 carats.Gem Diamonds' (LON:GEMD) unearthed a 117-carat and a 110-carat D color Type IIa diamonds at its flagship Let??eng mine in Lesotho, bringing the number of 100-carat-plus stones the company has found at the operation since ea...Read More
Diamond miners have started the year off on the right foot as two Africa-focused producers announced Monday the recovery of three huge diamonds, each bigger than 100 carats.Gem Diamonds' (LON:GEMD) unearthed a 117-carat and a 110-carat D color Type IIa diamonds at its flagship Let??eng mine in Lesotho, bringing the number of 100-carat-plus stones the company has found at the operation since ea...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. At our last update on December 18 when we saw the Index close at 1262.38, we were seeing the last bit of year-end tax planning (investors locking in both gains and losses) and the Index faced a wall of resistance at 1269. Now three weeks later, the INK CIN has shattered that wall and bull...Read More
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A magnitude 3.1 earthquake has shaken part of north-central Oklahoma. The U.S. Geological Survey says the quake was recorded at 1:37 p.m. Sunday about 10 miles (17 kilometers) east of Hennessey in Kingfisher County. The temblor was recorded at a depth of two miles (3.5 kilometers). No...Read full newsRead More
Some ideas on how to stop bitcoin mining from destroying the planet.Read full newsRead More
Commodities Analysis by Steve St. Angelo covering: XAU/USD, Dow Jones Industrial Average, Gold Futures, Natural Gas Futures. Read Steve St. Angelo's latest article on Investing.comRead full newsRead More
Just before Idaho Territory was to become the 43rd state, it had opportunities for drink in large numbers per capita - even in Mormon towns.Read full newsRead More
Here's what's brewing inside the Canadian gold miner.Read full newsRead More
Several big mining companies are bringing new projects online, while others will see production decline in the year ahead.Read full newsRead More
DUBLIN, Jan. 5, 2018 /PRNewswire/ -- TheRead full newsRead More
This is the year to invest in gold mining stocks, thanks to the start of a major gold bull market. Here's why, plus the one gold miner to own...Read full newsRead More
Hassett says supply side stimulus won't spur higher inflationFed officials give differing views of tax plan's impactThe Marriner S. Eccles Federal Reserve building.Photographer: Andrew HarrerThe Federal Reserve won’t need to pick up the pace of its planned interest-rate increases in response to the recently-passed tax overhaul package, White House chief economist Kevin Hassett said.The admi...Read More
How Likely Is a Correction in Bitcoin?The roller coaster that is the cryptocurrency market is alive and well.Ripple, the white-hot cryptocurrency that has more than doubled in the past week, fell as much as 39 percent from the all-high reached yesterday. Bitcoin, which has lost some of its luster as of late to its smaller rival, was up as much as 11 percent Friday.Ripple fell to as low as $2.16 af...Read More
BEIJING, Jan 7 (Reuters) - * China gold reserves were at 59.240 million fine troy ounces at end-Dec, unchanged vs end-Nov, the central bank said on Sunday. (Reporting by Josephine Mason) 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; however, neith...Read More
The global billet markets generally remained silent during the working week from Tuesday January 2 to Friday January 5 amid the New Year holidays.ChinaBillet prices were 3,630 yuan ($559) per tonne at 3pm on January 5, down by 40 yuan per tonne from last Friday.A local trader revealed that Tangshan has around 300,000 tonnes of billet stock, which is putting pressure on billet prices."Billet prices...Read More