Gold futures ended lower Monday as a popular dollar gauge climbed and benchmark Treasury yields cleared their highest level since April 2014. February gold GCG8, +0.16% lost $11.80, or 0.9%, to settle at $1,340.30 an ounce. The SPDR Gold Shares exchange-traded fund GLD, -0.43% fell 0.5% and the VanEck Vectors Gold Miners GDX, -0.97% eased 2.3%. Selling has set in ahead of the U.S. Federal Open...Read More
David Ljunggren, David LawderMONTREAL (Reuters) - The United States, Canada and Mexico said they had made progress in the latest round of talks to renegotiate the North America Free Trade Agreement, although the American representative complained progress was still very slow.United States Trade Representative Robert Lighthizer said the pace of the NAFTA negotiations had to pick up speed and demand...Read More
By Liz HamptonHOUSTON, Jan 29 (Reuters) - Oilfield services provider Quintana Energy Services aims to raise around $125 million through an initial public offering of shares, according to a filing on Monday with the U.S. Securities and Exchange Commission. The Houston-based company, which provides drilling and well-completion services, plans to sell around 9.3 million shares at between $12 and $15...Read More
* Morocco launched more flexible forex system 2 years ago* Has boosted its appeal to investors -IMF's Azour* Morocco's growth prospects in 2018 positive -Azour* Among most advanced Arab states in liberalising economy (Adds IMF official's remarks on Tunisia, Egypt, Gulf)By Ulf LaessingMARRAKECH, Morocco, Jan 29 (Reuters) - Morocco's new, more flexible hard currency system is a step in the right dir...Read More
We may have a daily top on our hands.However silver's sentiment is still really mute - dead neutral.We will continue with some long deltas in this market especially if the dollar continues to break down. Gold (NYSE:GLD) has tacked on well over $100 an ounce since its hard bottom at the FOMC meeting last month. Long-term sentiment has reached pretty optimistic levels which may mean we have the...Read More
BENGHAZI, Libya, Jan 29 (Reuters) - Libya's eastern-based parliament swore in a new central bank governor on Monday, though the head of a rival assembly in the capital, Tripoli, quickly rejected the move.The leadership of the Central Bank of Libya (CBL) has been divided since 2014, when rival political factions established competing governments in Tripoli and the east of the country.The eastern-ba...Read More
ORENINC INDEX - Monday, January 29th, 2018North America's leading junior mining finance data providerORENINC MINING DEAL CLUBAccess to high-quality, pre-vetted financing opportunitieswww.miningdealclub.comLast week index score: 34.36This week: 22.99Zinc One Resources (TSXV:Z) received additional results from an ongoing surface-sampling program at its Bongar?? zinc mine project in north-central Per...Read More
(Kitco News) - Gold and silver markets ended the U.S. day session solidly lower Monday, pressuredby a firmer U.S. dollar index and lower crude oil prices. Such prompted someprofit-taking from the shorter-term futures traders after both metals last weekhit 4.5-month highs. February Comex gold futures were last down $12.20 an ounceat $1,339.80. March Comex silver was last down $0.301 at $17.14 an o...Read More
Advanced Micro Devices, Inc. (NASDAQ:AMD) is scheduled to report fourth-quarter earnings after tomorrow's close. Below, we will take a look at how AMD stock has been faring on the charts, and how options traders are speculating on the semiconductor name -- which is on the cusp of a historically bullish month.AMD stock has gained more than 27% so far in 2018, and rallied roughly 36% from its Dec. 5...Read More
Although U.S. stocks are down today, it's been a stellar start to 2018, with the major market indexes still pacing for their best month in years. With February around the corner, we decided to take a look at some stocks that could outperform next month, if past is prologue. Below is a list of 25 stocks to buy now, if history is any indicator, with travel stock Priceline Group Inc (NASDAQ:PCLN) lea...Read More
Gold stocks (XAU) have outperformed since December.The impressive XAU rally has gone largely unnoticed, however.Gold miners have excellent upside in the year ahead. Lost amid the fanfare for the impressive upside run in the equity market, gold and silver mining stocks have been staging their own quiet comeback. The PHLX Gold/Silver Index (XAU), which measures the performance of the best known of t...Read More
By Ulf LaessingMARRAKECH, Morocco, Jan 29 (Reuters) - Morocco's new more flexible hard currency system is a step in the right direction to make the kingdom more attractive to investment and turn it into a financial hub for Africa, a senior IMF official said on Monday.Two weeks ago, the North African country launched a more flexible foreign exchange system, part of free-market reforms recommended b...Read More
Earnings season hits high gear this week, with video game maker Electronic Arts Inc. (NASDAQ:EA) among the many names set to report. Specifically, the "Star Wars: Battlefront" creator will unveil its fiscal third-quarter results after tomorrow's close, and despite EA stock's negative earnings reaction last quarter, options traders have been loading up on calls ahead of the event. Below, we'll take...Read More
LUANDA, Jan 29 (Reuters) - Angola's central bank left its benchmark lending rate unchanged at 18 percent at a meeting of its monetary policy committee on Monday, the regulator said in a notice on its website.The next meeting of Angola's monetary policy committee is on Feb. 28, the notice said. (Reporting by Joe Brock; Editing by Richard Balmforth) Disclaimer: The views expressed in this article a...Read More
BRASILIA, Jan 29 (Reuters) - Brazil's central government easily met its 2017 primary budget deficit target after rising tax revenue led to a smaller-than-expected December shortfall, government data showed on Monday.The central government, comprised of the federal government, social security and the central bank, posted a deficit of 124.401 billion reais ($39.3 billion) in 2017 before interest rat...Read More
(Adds background, details from research note)NEW YORK, Jan 29 (Reuters) - U.S. pensions are expected to shift more money into bonds and out of equities to rebalance their holdings at month-end in the wake of strong gains in the stock market in January, Wells Fargo strategists said on Monday.The possible increased allocation into bonds comes as global bond yields have been rising on strengthening...Read More
Stocks are pulling back, with the Dow Jones Industrial Average (DJI) dropping more than 160 points at its intraday low -- pressured by Apple's (AAPL) iPhone X production concerns ahead of Thursday night's earnings report. Plus, despite strong earnings from Lockheed Martin (LMT) and big M&A news in Keurig Green Mountain's purchase of Dr Pepper Snapple (DPS), investors are focusing instead on this m...Read More
(Kitco News)- Ever wantedto know what $40 million in recovered gold looks like? Well now you will getyour chance as the world’s greatest lost treasure goes on display in Californianext month.From Feb.22 to 24, gold recovered from the SS Central America, also known as the “Shipof Gold,” will be on display during the Long Beach Coin, Currency, Stamp &Sports Collectible Expo, co...Read More
(Bloomberg) - Toro Gold Ltd. became Africa's newest gold producer last week when it delivered its first batch of bullion, and the privately held firm is now weighing the possibility of selling shares this year.The company, which achieved the unusual feat of building a bullion mine without tapping public markets for funding, expects to produce about 135,000 ounces of the metal a year from the Mako...Read More
ABUJA, Jan 29 (Reuters) - Nigeria's central bank said on Monday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as...Read More