Investing.com - Gold prices were flat on Monday amid expectations of a Federal Reserve rate hike and trade war tensions lowered investor sentiment.Comex gold futures for December delivery fell 0.08% to $1,199.40 a troy ounce as of 4:43 AM ET (8:43 GMT).The price of gold was flat as Friday’s upbeat jobs repor increased expectations of a Fed rate hike in September.Expectations of higher intere...Read More
Lupaka Gold's (TSX-V: LPK) Invicta Gold Project is on the brink of production, set to become Peru's next producing gold mine. However, everything is not going to plan...for the better. What has been quietly observed is that (1) the grades are coming in higher than the PEA and (2) the company is already making plans to increase production above the PEA throughout rate of 350 tpd. All this mea...Read More
Vancouver- based GT Gold's (TSX.V: GTT) stock is trading at 75 cents following a discovery at the Saddle North target on its Tatogga property in BC's Golden Triangle.At market close, GT Gold's stock had risen 44 per cent. "The hole results and visual intercepts indicate possibly the most important new copper-gold-silver porphyry discovery in the northern part of the Golden Triangle"The 79-metre...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window.)* Trump: tariffs ready on $267 bln worth of Chinese imports* Payroll numbers strong but raise inflation worries* Broadcom gains on strong forecast* Tesla stalls on executive departures, Musk webcast* Dow off 0.27 pct, S&P 0.16 pct; Nasdaq down 0.11 pct (Updates to late afternoon, changes byline, adds...Read More
Investing.com - Saudi Arabia equities were higher at the close on Sunday, as gains in the Media & Publishing, Telecoms & IT and Retail sectors propelled shares higher.At the close in Saudi Arabia, the Tadawul All Share added 0.54%.The biggest gainers of the session on the Tadawul All Share were Tourism Enterprise Co. (SE:4170), which rose 8.53% or 2.50 points to trade at 31.80 at the close. Al Ala...Read More
Gold, base metals downCapital marketsThe inevitability of a Chinese scrap mountain has been obvious for the past decade though it's taken until recently for the mountain to start moving back into the steel-production process....Read More
PolarX points to upsideSPONSOREDpolarx ltdThe board of Cumbres Andinas SA, the joint venture which owns Mina Justa vehicle Marcobre SAC, approved the construction and start of mining at the project in Peru's southern Ica region in a boa...Read More
Right when the debate about the legislation to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership is about to start in Australia's House of Representatives, the mining sector is out and about showing its support to the trade deal.This week, the Minerals Council of Australia issued a statement supporting the findings in a recent study about the so-called TPP-11. The re...Read More
NEW DELHI, Sept 8 (Reuters) - A working group of India's securities regulator on Saturday recommended relaxing foreign fund rules for non-resident Indians.Indian markets were hit by uncertainty emerging from concerns over an April circular from the Securities and Exchange Board of India (SEBI) that said foreign investment rules for companies of Indian origin had been tightened.Non-resident Indians...Read More
(Bloomberg) -- President Donald Trump is raising the stakes in his gamble that the world will line up behind the U.S. to take on China over trade.Trump said Friday he’s willing to slap tariffs on an additional $267 billion in Chinese goods, on top of duties of $200 billion in imports is already considering. The administration will act on the $200 billion “very soon depending on what ha...Read More
(Adds Trump comments about India)ABOARD AIR FORCE ONE, Sept 7 (Reuters) - U.S. President Donald Trump said on Friday the United States and Japan have begun discussion over trade, saying that Tokyo "knows it's a big problem" if an agreement cannot be reached, and that India has also asked to start talks on a trade deal."We're starting that," Trump told reporters aboard Air Force...Read More
China sustained a surge in aluminum shipments to world markets in August as buyers sought supplies from the largest producer to replace metal from United Co. Rusal, which has been hit by U.S. sanctions.Exports of unwrought aluminum and products reached 517,000 metric tons, almost the same as the 520,000 tons in July, which was the highest total in more than three years, according to customs data o...Read More
(Updates to add RBI's intervention details)By Suvashree ChoudhuryMUMBAI, Sept 7 (Reuters) - The Reserve Bank of India intervened heavily in the foreign exchange market on Friday, mounting a formidable defence of the 72 rupee to the dollar mark in a reversal of its light-handed approach in the last few weeks, dealers said.After briefly slipping to 72.04 to the dollar in early trade, the Indian rupe...Read More
Sept 7 (Reuters) - Walmart Inc's WMT.N unit has been asked to explain its business model in India after its acquisition of e-commerce platform Flipkart, following an objection raised by a local traders body.India's National Company Law Apellate Tribunal (NCLAT), which is in charge of matters related to Indian companies, issued an order to Walmart Inc subsidiary Wal-Mart (NYSE:WMT) International Ho...Read More
* Dollar up on U.S. August jobs report; trade tensions linger* S&P 500 drops as strong jobs data stoke U.S. rate hike fears* U.S. diesel, gasoline stocks up after lackluster driving season* U.S. oil drillers cut rigs for 2nd week in three -Baker Hughes (Adds CFTC data, Iraq news)By Ayenat MersieNEW YORK, Sept 7 (Reuters) - Oil prices were steady on Friday, with U.S. crude slipping on weak glob...Read More
Investing.com - Gold prices headed lower on Friday as the U.S. jobs report showed that wage inflation accelerated to its fastest pace since April 2009, increasing the odds that the Federal Reserve will follow through on two more interest rate hikes this year.At 10:48 AM ET (14:48 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $1.10, or 0....Read More
(Bloomberg) -- Aluminum faces a “doomsday scenario” if the U.S. proceeds with sanctions on United Co. Rusal in October, according to Wood Mackenzie Ltd., which says prices could exceed their seven-year highs in April.The market outside China is already in deficit, and would go “into a massive shortage” if a producer the size of Rusal can’t supply metal, Julian Kettle,...Read More
Sep 7 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of September 6, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Ahimsa Industries LtdST Bk FacCARE A4+50Reaffirmed Bansal Spinning Mills LtdST Bk FacCARE A4+650Revised fromCARE A3 (Issuer not...Read More
Graph background image: Strike DrillingAustralia is the world's number two gold producer; the country's tightening its grip on the trade in iron ore and coking coal; comes in at no 6 for copper; and is set to increase output of mineral-du-jour lithium from the current 38% to nearly half the global total within five years.That's the result not only of a rich mineral endowment but massive amounts of...Read More
After two years, and several attempts to gain access to copper and gold mines in Eritrea and Serbia, Canada's Lundin Gold (TSX:LUG) has decided to abandon its plan to acquire fellow miner Nevsun Resources (TSX, NYSEMKT:NSU).Faced with a competing bid from China's state-backed Zijin Mining, the Toronto-based company said it won't raise its offer for Nevsun."Lundin Mining continues to pursue strateg...Read More