BERLIN (Reuters) - German Chancellor Angela Merkel told leaders of her conservatives on Monday that she will not seek re-election as party chairwoman, senior party sources said, heralding the end of a 13-year era in which she has dominated European politics.Merkel, 64, has been chairwoman of her conservative Christian Democrats (CDU) since 2000 and chancellor since 2005. Party sources said Merkel...Read More
According to the latest Reuters poll, analysts and traders have made downwards revisions to their average gold price forecasts for this year and 2019, in response to the August sell-off to 19-month lows. Key Findings: “Spot gold will average $1,273 an ounce in 2018 and $1,300 in 2019, according to the poll of 39 analysts and traders conducted this month. That compares with predictions in a s...Read More
(Recasts and updates with closing prices)By Pratima DesaiLONDON, Oct 29 (Reuters) - Copper prices steadied on Mondaywith support from shortages created by tumbling inventories onthe London Metal Exchange countering concern over growth anddemand because of the U.S.-China trade dispute.Benchmark copper on the LME ended unchanged at$6,160 a tonne, having touched a session high of $6,240."Copper...Read More
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba.The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500-metre drill program marks the first drill program on the property in over 70 years.In a press release...Read More
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba.The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500-metre drill program marks the first drill program on the property in over 70 years.In a press release...Read More
* Merkel won't seek re-election as party head- source * German bond yields rise, underperform EZ peers * Italian yields fall to almost one-month lows * S&P leaves Italy's ratings unchanged, lowers outlook (Updates prices)By Dhara RanasingheLONDON, Oct 29 (Reuters) - German bond yields rose on Mondayafter Chancellor Angela Merkel said she would not seekre-election as party chairwoman and that h...Read More
* Dollar index near 10-week peak, stocks up * Net short position in gold smallest since mid-July-CFTC * GRAPHIC-2018 asset returns: (Updates throughout, adds quotes, prices)By Swati VermaBENGALURU, Oct 29 (Reuters) - Gold eased on Monday, afterhitting a more than three-month peak in the previous session, asthe dollar strengthened and stocks moved into positiveterritory. Spot gold was down 0.2 perc...Read More
Enforcer Gold Corp (TSX-V: VEIN) announced that it plans to complete a non-brokered private placement of up to $1.5 million and acquire a property in the historic mining community of Red Lake, on top of issuing a share consolidation.The property that the Toronto-based miner wants to buy is called the McKenzie Gold property and it is located just northwest of Red Lake, the third largest gold camp i...Read More
Enforcer Gold Corp (TSX-V: VEIN) announced that it plans to complete a non-brokered private placement of up to $1.5 million and acquire a property in the historic mining community of Red Lake, on top of issuing a share consolidation.The property that the Toronto-based miner wants to buy is called the McKenzie Gold property and it is located just northwest of Red Lake, the third largest gold camp i...Read More
The ratio has been around for thousands of years.The argument for watching the ratio.The argument against watching the price relationship between gold and silver.Extensions in markets can lead to volatility.Leveraged ETN products in silver turbocharge results but do not sit on them for too long.Gold and silver prices had a rough summer season. After trading to a high of $1365.40 on the continuous...Read More
(Repeats to additional subscribers)LONDON, Oct 29 (Reuters) - The euro fell briefly and Germangovernment bond yields rose on Monday, after a report thatGerman Chancellor Angela Merkel has told leaders of herChristian Democrats (CDU) that she will not seek re-election asparty chairwoman in December. Merkel has been CDU chairwoman since 2000 and giving up therole would start a race within the party...Read More
* STOXX50E up 0.7 pct as Italy relief boosts European shares * Italian bank stocks rise after S&P keeps rating unchanged * China data shows slowing industrial profits growth * EM stocks rise after Bolsonaro wins Brazil election * Crude prices tumble as investors price in easing growthBy Helen ReidLONDON, Oct 29 (Reuters) - Concern over China's slowingeconomy dented U.S. stock futures and kept...Read More
LONDON, Oct 29 (Reuters) - The euro fell briefly and Germangovernment bond yields rose on Monday, after a report thatGerman Chancellor Angela Merkel has told leaders of herChristian Democrats (CDU) that she will not seek re-election asparty chairwoman in December. Merkel has been CDU chairwoman since 2000 and giving up therole would start a race within the party to succeed her aschancellor.The eur...Read More
The world's biggest miners are cranking up spending for the first time in half a decade as well as pursuing more takeovers - and investors are flashing hazard lights as commodities prices slide and as doubts swirl over the outlook.Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013, according t...Read More
* Gold seen averaging $1,273/oz this year, $1,300/oz in 2019 * Silver seen at $15.80/oz this year, $16.40/oz next year * Individual forecastsBy Peter Hobson and Sumita LayekLONDON, Oct 29 (Reuters) - Banks and brokerages have cuttheir average gold price forecasts for this year and 2019 afterthe metal slumped to 19-month lows in August, but they stillexpect prices to stage a modest recovery, a Reut...Read More
* Palladium seen at $993/oz this year, $1,025/oz next year * Platinum seen averaging $882/oz in 2018, $875/oz in 2019 * Individual forecastsBy Peter Hobson and Sumita LayekLONDON, Oct 29 (Reuters) - Palladium's price premium overplatinum will widen next year, with palladium set for its bestyear on record while platinum slumps to its worst performancesince 2004, a Reuters poll showed on Monday.Shor...Read More
Published 22 Hours AgoUpdated7 Hours AgoReuters Gold eased on Monday, sliding off a more than three-month peak in the previous session, pressured by a strong dollar and as investors returned to riskier assets following a recent sell-off in global stocks.Spot gold was down 0.54 percent at $1,226.62 per ounce. U.S. gold futures settled down $8.20, or 0.7 percent, at $1,227.60. "With the dollar stren...Read More
JOHANNESBURG, Oct 29 (Reuters) - South Africa's randweakened against the dollar in early trade on Monday as thegreenback edged higher after data showed U.S. economic growthslowed less than expected and as global risk sentiment remainedfragile. * At 0630 GMT, the rand traded at 14.6025 perdollar,0.14 percent weaker than its close on Friday. * "Emerging market currencies are likely to trade wea...Read More
CloseGain/LossGold $1229.10-$4.90Silver$14.45-$0.25XAU64.70-0.71%HUI144.02-0.43%GDM529.83-0.10%JSE Gold1166.01-47.57USD96.61+0.26Euro113.85-0.35Yen89.06-0.36Oil$67.04-$0.5510-Year3.088%+0.009T-Bond139.28125-0.15625Dow24442.92-0.99%Nasdaq7050.29-1.63%S&P2641.25-0.66% The Metals: Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New Yor...Read More
After a long, initially-successful run promoting European integration and mass immigration, German Chancellor Angela Merkel saw the bottom fall out of her political fortunes this year. This morning she stepped down as leader of the formerly-dominant Christian Democrat party and promised not run again when her term as Chancellor ends in 2021.What happens next is almost certain to be chaotic, as t...Read More