WASHINGTON (Reuters) - The United States on Thursday imposed sanctions on two Ukrainians, one Russian and nine entities in Ukraine and Russia, partly for actions related to Moscow's annexation of Crimea, the U.S. Treasury said.One of the entities sanctioned - the Limited Liability Company Southern Project - was linked to Bank Rossiya and Russian businessman Yuri Kovulchuk, the Treasury said in a s...Read More
(Kitco News) - Gold andsilver prices arejust modestly lower in early-afternoon U.S. trading Thursday. A rebound in theU.S. dollar index today, following selling pressure this week, worked againstthe precious metals market bulls. The metals markets showed no significantreactions to the just-released FOMC minutes that show no change in U.S.monetary policy. December gold futures were last down $2.50...Read More
(Kitco News)- The gold market, while down on the day, is seeing littlereaction to the Federal Reserve leaving interest rates unchanged and setting the stage for another interest rate hike in December.Following its two-day monetary policy meeting, the U.S. central bank left interest rates unchanged within a range between2.00% and 2.25% as expected. However, in its statement, the committee reiterate...Read More
SAN FRANCISCO (Reuters) - This week marks the last time Federal Reserve policymakers will set interest rates at a regular policy meeting and not follow it up with a lengthy press conference by the chief of the U.S. central bank to explain and perhaps defend the decision.Starting next year, Fed Chair Jerome Powell will hold a press conference after every one of the Fed’s eight regular meeting...Read More
(Reuters) - A hard-fought race for governor in Georgia remained unresolved on Thursday, two days after U.S. elections, with Democrat Stacey Abrams forming a litigation team for possible legal challenges even as Republican Brian Kemp met with the state’s current governor to begin planning his transition to the office.Kemp declared victory late on Wednesday, hours after the Abrams campaign sai...Read More
WASHINGTON (Reuters) - The U.S. Senate Commerce Committee said on Thursday that a hearing planned for Nov. 14 on reports of engine fires involving Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) vehicles was on hold, but could be rescheduled for a future date.Last month, the committee invited the U.S. chief executives of the two Korean automakers after safety advocates raised concerns...Read More
US mid-term elections are behind us. Surprisingly, both parties won! How is it possible? Let’s read our article and find out! We will also explain what the election results imply for the world and the gold market. Democrats Win The elections were very interesting. We provide you with the key takeaways, focusing on the possible implications for the precious metals. First, Democrats took contr...Read More
(Reuters) - The S&P 500 and the Nasdaq edged lower on Thursday, as weak earnings reports and caution ahead of the Federal Reserve’s interest rate decision stalled a rally from the previous session, which was spurred by the outcome for midterm elections.Among the biggest deliners on the S&P 500 were Perrigo Co (PRGO.N), Wynn Resorts Ltd (WYNN.O) and D.R. Horton Inc (DHI.N), all fallin...Read More
(Reuters) - Wells Fargo & Co (WFC.N) plans to combine its ultra-high-net-worth business and its private bank under one leader, Bloomberg reported on Thursday, citing an internal memo bloom.bg/2Pmb9h5.The combined unit will be run by someone yet to be named who will report to Jon Weiss, head of wealth and investment management, Bloomberg reported.Wells Fargo was not immediately available for c...Read More
Torex Gold (TSX: TXG; US-OTC: TORXF) set a new record for gold production in 2018's third quarter.The company produced 100,346 oz. gold in dor?(C) plus 1,135 additional oz. gold in carbon fines. In the first nine months of 2018, the company produced 246,309 oz. gold in dor?(C), with 11,322 additional oz. gold in carbon fines.The company mined at an average grade of 2.6 grams gold per tonne in the...Read More
WASHINGTON (Reuters) - Congressional Democrats on Thursday demanded emergency hearings in the U.S. House of Representatives to investigate President Donald Trump’s ouster of Attorney General Jeff Sessions, calling the move an effort to undermine a federal probe into Russian meddling in the 2016 U.S. election.Trump forced the resignation of Sessions on Wednesday, a day after elections in whic...Read More
LONDON/BRUSSELS (Reuters) - Prime Minister Theresa May steps up attempts to court European support for a Brexit deal on Thursday as negotiations on securing a smooth British divorce from the world’s biggest trading bloc enter their final stages.She will meet three other EU leaders in Brussels at a NATO dinner on Thursday and have lunch with French President Emmanuel Macron on Friday.EU offic...Read More
Gold traded lower after it hit resistance fractionally below the 1237 barrier. Although the metal continues to trade above the medium-term downside line drawn from the peak of the 11th of April, as well as above the upside support line taken from the low of the 16th of August, in the short run, it remains stuck within the range that has been containing most of the price action since the 15th of Oc...Read More
At the time of our recommendation, CROX was well overdue for upgradesSubscribers to Schaeffer's Weekend Trader Alert service just scored a 153% profit in five weeks with the Crocs, Inc. (NASDAQ:CROX) December 17 call. Below, we're going to take a look back at why we were bullish on the footwear concern, and how CROX performed after we recommended the call option. When we entered the position...Read More
David LawderWASHINGTON (Reuters) - The new Democrat majority in the U.S. House of Representatives is likely to back President Donald Trump’s trade war with China and could even egg him on, but will offer tougher scrutiny of his negotiations with allies, trade experts and lawmakers say.Trump has imposed tariffs on $250 billion of Chinese goods to pressure Beijing to stop intellectual property...Read More
DUBLIN (Reuters) - Nominal wage growth, the best predictor of inflation in the euro zone, is gradually improving and increasing so as a result of permanent features, the head of the European Central Bank said on Thursday.“Recent data, the last say six to 12 months’ data, shows that wages are gradually going up. They’re going up now because of temporary effects but more and more b...Read More
PARIS (Reuters) - French prosecutors argued in a Paris court on Thursday for Swiss bank UBS AG (UBSG.S) to be fined 3.7 billion euros for helping wealthy French people evade taxes.After a seven-year investigation and aborted settlement negotiations, UBS faces accusations of laundering the proceeds of tax fraud and illegally soliciting clients in France.“Tax evasion is nothing more than theft...Read More
(This Nov. 7 story corrects paragraph 8 to read “Brian Nick, chief investment strategist for Nuveen in New York,” instead of “Nuveen Asset Management”)By Sin?(C)ad CarewNEW YORK (Reuters) - Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a div...Read More
WMT stock has historically done well during the holiday seasonEarnings season is in full swing, which is big for retail names because it runs right into the upcoming holiday season. Retail giant Walmart Inc (NYSE:WMT) is already putting in the work, announcing its earliest Black Friday opening in history. What's more, the company will report third-quarter earnings before the open next Thursday, No...Read More
(Kitco News) - The Bank of England (BoE) is reportedly refusing to release gold bars worth just over $550 million to President Nicolas Maduro, who fears that U.S. sanctions against Venezuela would restrict access to that gold in the future, according to media reports.Maduro is attempting to repatriate at least 14 tonnes of gold the BoE is currently storing, the British newspaper The Times and Reut...Read More