Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Veteran investor Rick Rule is always on the hunt for under-the-radar opportunities. Here he shares two commodities he believes are "when" not "if" stories.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agricult...Read More
* German 10-year yields drop back to 0.40 pct mark* Euro zone PMIs spark tariff concerns* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Rewrites to reflect euro zone PMIs survey data, updates prices)By Abhinav RamnarayanLONDON, July 24 (Reuters) - Disappointing euro zone business survey data pulled German bond yields off five-week highs hit earlier on Tuesday and pushed up Italian borr...Read More
Canadian gold junior Lumina Gold (TSX-V:LUM) (OTC:LUMAF) said Tuesday that recent changes introduced by Ecuador to mining regulations will allow the company to boost exploration at its Cangrejos gold-copper project.The reforms, enacted by the country's Ministry of Energy and Non-Renewable Natural Resources, let companies perform non-systematic drilling during the early exploration phase of their...Read More
Is the Trump economic boom a mirage? The data say yes, but the Fed models say no. The Fed has a long track record of sticking to its model-basedContinue...Read More
Mining investors are losing confidence in the mineral exploration permit process in most Canadian provinces with applications taking longer to be approved and a lack of transparency, a new study released Tuesday shows.According to the Fraser Institute, an independent, non-partisan Canadian policy think-tank, British Columbia, Ontario and Quebec are the three main provinces where exploration reques...Read More
Southern California home sales hit a wall in June, registering the lowest reading for the month in four years. Continue...Read More
ISTANBUL (Reuters) - Turkey’s central bank left its policy rate unchanged on Tuesday, bucking market expectations of a hike and sending the lira down sharply in the bank’s first policy decision since President Tayyip Erdogan was re-elected with new executive powers.Concerns about Erdogan’s influence over monetary policy - and about the bank’s ability to rein in inflation -...Read More
"President Trump has promised since day one that he had the back of every farmer and rancher."Continue...Read More
(Reuters) - Growth across British factories recovered over the three months to July after a weak start to the year, but manufacturers are increasingly reluctant to invest ahead of Brexit, a business survey showed on Tuesday.The Confederation of British Industry’s (CBI) quarterly gauge of factory output rose to a one-year high of +27 in July, up from +13 in April.Some Bank of England policyma...Read More
LONDON (Reuters) - Euro zone business growth slowed more than expected this month as fears over a trade war with the United States and a weaker global expansion put another dent in optimism, a survey showed on Tuesday.But growth remained robust and as it was accompanied by rising prices the survey is unlikely to concern policymakers at the European Central Bank too much as they look to move away f...Read More
Fed Chairman Jerome Powell, during his testimony before the House of Representatives Committee on Financial Services, was asked by Continue...Read More
One of the globe's largest gold producing nations, South Africa, is facing a significant decline in output Continue...Read More
Technical analyst Clive Maund charts a gold explorer with projects in British Columbia that are getting a lot of attention. Juggernaut Exploration Ltd. (JUGR:TSX.V) is a bright spot in the precious metals space as it has shown remarkable strength in recent weeks, forging ahead even as the sector has weakened in response to falling metal prices. On its latest 6-month chart we can see that a fine s...Read More
Technical analyst Clive Maund provides copper, gold, platinum, silver and US dollar updates at what he calls a "key juncture." Commodities, including gold and silver, have plunged to become so deeply oversold that a snapback rally looks likely soon. This could be sharp and could trigger a wave of short covering. Such a rally is likely to be sparked by a dollar reaction, as we will see, but it is...Read More
Prices for domestically produced rebar in the United Arab Emirates decreased on Tuesday July 24, with demand limited for seasonal reasons, sources told Metal Bulletin....Read More
LONDON (Reuters) - Oil prices steadied on Tuesday as tension between the United States and Iran highlighted risks to supply and trade disputes raised prospects for slower economic growth and weaker energy demand.Brent crude oil was unchanged at $73.06 a barrel by 1145 GMT. U.S. light crude was 35 cents higher at $68.24.“The impact on oil supplies if U.S.-Iran tensions escalate significantly...Read More
(Reuters) - Harley-Davidson Inc’s (HOG.N) profit topped Wall Street estimates on Tuesday for the sixth straight quarter, as sales of its bikes overseas edged up, although the company warned that new EU tariffs would squeeze its operating margins.International shipments rose 2.4 percent to 29,546 motorcycles in the quarter.The results come nearly a month after the motorcycle maker, which has...Read More
The export price for CIS-origin steel billet softened on Tuesday July 24 amid a lack of buying activity in the major outlets, Metal Bulletin has heard....Read More
Severstal has increased rebar prices in Russia's central region, but the increase has been restricted by a weak export market....Read More
Outokumpu has blamed its weaker year-on-year financial results for the second quarter of 2018 on lower European base prices, higher input costs and increased freight rates in the US market. ...Read More