PARIS (Reuters) - European Union negotiator Michel Barnier said on Friday a Brexit deal with the United Kingdom was 90 percent done, although there was still a chance no accord would be reached due to ongoing stumbling blocks over the Irish border.“Ninety percent of the accord on the table has been agreed with Britain,” Barnier told France Inter radio.“I’m convinced a deal...Read More
BEIJING (Reuters) - China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.Chinese authorities are trying to navigate through numerous challenges, as the trade war fears have sparked a blistering...Read More
US trade tariffs could be a way to make its trade with other countries fairer.Unstable situations in developing countries are catalysts for higher gold prices ahead.Likely that low value jobs are not coming back to the US.SBTV's latest guest is Jayant Bhandari of Anarcho Capital. He brings a fresh perspective to the US trade war with China and insights on the performance of gold in the Third World...Read More
(Kitco News) - Gold prices aremodestly up in early U.S. trading Friday, supported on some safe-haven buyinginterest in a nervous trading environment heading into the weekend. December goldfutures were last up $1.80 an ounce at $1,231.90. December Comex silver waslast up $0.121 at $14.725 an ounce. Don'tbe surprised if trader and investor anxiety upticks as the trading session progressesFriday, hea...Read More
LONDON, (Reuters) - - Britain's government recorded a smaller budget deficit than expected in September, according to figures that are likely to cheer finance minister Philip Hammond ahead of his annual budget.The deficit in September stood at 4.123 billion pounds, compared with 4.958 billion pounds a year ago, the Office for National Statistics (ONS) said. A Reuters poll of economists had pointed...Read More
(Reuters) - Honeywell International Inc (HON.N) reported better-than-expected quarterly profit on Friday and lifted its full-year forecasts for cash flow and margins, driven by strong sales of aircraft parts and warehouse automation products.Shares of Honeywell, which makes everything from aircraft engines to catalysts used in petroleum refining, were up 3.2 percent at $160.17 in premarket trading...Read More
LONDON (Reuters) - OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola.The Organization of the Petroleum Exporting Countries and allies agreed in June to boost supply as U.S. President Donald Trump urged producers to offset losses c...Read More
ROME, Oct 19 (Reuters) - Italy’s banking association head said on Friday the growing spread between Italian and German bond yields was worsening the outlook for public accounts and damaging investment prospects for businesses and families.“We hope for a more constructive dialogue between Italian and European authorities to overcome this situation which is damaging the economy,” A...Read More
* Italian 10- and 30-year yields hit four-year highs* Contagion flagged as Portugal, Spain yields rise* Money markets push back ECB rate hike bets* Italy/Germany spread widest in 5 1/2 years* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices)By Abhinav RamnarayanLONDON, Oct 19 (Reuters) - Italian government bond yields hit 4 1/2-year highs on Friday after the European Union...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
WASHINGTON/ANKARA (Reuters) - President Donald Trump said on Thursday he presumes missing Saudi journalist Jamal Khashoggi is dead and that the U.S. response to Saudi Arabia will likely be “very severe” but that he still wanted to get to the bottom of what exactly happened.Turkish police are searching a forest on the outskirts of Istanbul and a city near the Sea of Marmara for the rema...Read More
* Indian dealers offer biggest discounts since mid-June * Moderate buying in other top Asian hubs * Benchmark spot gold prices set for third weekly gain * China premiums at $4-$7/oz; 60 cents to $1.20 in Singapore By Rajendra Jadhav and Vijaykumar VedalaMUMBAI/BENGALURU, Oct 19 (Reuters) - A key festival broughtlittle activity to the physical gold market in India this weekas purchases remained sig...Read More
* China quarterly GDP data slowest since financial crisis * Zinc stocks on SfHE jump 23 percent over the last week * 2018 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, Oct 19 (Reuters) - Copper rose on Friday and nickelprices rebounded from a one-month low after regulators in Chinapledged support for firms with liquidity issues brought on bymonths of slowing growth.Both metals ende...Read More
* Euro under pressure amid EU-Italy stand-off * Dollar index inches higher * Sterling rises on Brexit hopes * Graphic: World FX rates in 2018 (Updates prices)By Tom FinnLONDON, Oct 19 (Reuters) - The euro fell towards a two-monthlow on Friday after the European Union criticised Italy'sspending plans, raising fresh concern about a conflict withinthe common currency zone.Political wrangling over the...Read More
The body representing the mining industry in Canada's Nova Scotia has released a report that recommends $19.5 million be invested in geophysical surveys to help find future mines and quarries."This needs assessment report is the first step toward building a minerals version of Play Fairway - a free, best-in-class database of geophysical knowledge that will help attract investment and job creation...Read More
By Peter HobsonLONDON, Oct 19 (Reuters) - The London Bullion MarketAssociation (LBMA) is planning to help modernise and improvetransparency in the industry with an approval process forcompanies using blockchain technology to track the movement ofgold.The embracing of blockchain, the technology behind bitcoin,aims to exclude from the global supply chain metal that isillegally mined or traded or use...Read More
Shandong Zhaojin Group , one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday.The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects, Li...Read More
* Acacia seeks direct talks with Tanzania * Spat deepens with charges in Tanzania this week * Shares slump the most since July 2017 (Updates with shares, analyst)By Zandi ShabalalaLONDON, Oct 19 (Reuters) - Acacia Mining threatenedto use a bilateral investment treaty to force face-to-face talkswith Tanzania over a long-running tax dispute that has seen thegold miner hit with a huge tax bill.Acacia...Read More
Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country's administration, has threatened to sue the government in international court as concerns about the safety of its staff mount.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), has been waiting for the Canadian gold giant to negotiate a settlement with President John Magufuli, after he s...Read More
(Adds quotes, details, share price)MOSCOW, Oct 19 (Reuters) - Russia's Severstal , oneof the country's largest steelmakers, reported a 25 percent risein third-quarter core earnings on Friday compared to the sameperiod the previous year, though slightly below analystforecasts.Earnings before interest, taxation, depreciation andamortisation (EBITDA) totalled $768 million, the company said.Analysts h...Read More