(Kitco News) - Gold prices ended the U.S. day session moderately higher Tuesday, as somemid-morning selling pressure was quickly pounced on by bulls looking to buy thebrief dip in prices.Therehas been no fresh, major fundamental news to drive the safe-haven metal higherearly this week. However, the gold charts continue to look bullish, which isinviting technically related buyers. February Comex go...Read More
* Dollar index falls to fresh three-year low* Platinum off highest in more than four months (Recasts; updates prices, adds comment, NEW YORK to dateline)By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, Jan 23 (Reuters) - Gold prices rose on Tuesday as the U.S. dollar fell to fresh three-year lows, but an end to uncertainty created by a three-day U.S. government shutdown capped gains.Spot gol...Read More
By Jemima Kelly and Tommy WilkesLONDON, Jan 23 (Reuters) - One of the world's biggest cryptocurrency exchanges said on Tuesday it did not fear a regulatory clampdown would squeeze the market, and instead was targeting millions of new customers in Europe with a fresh expansion.Japan-based exchange bitFlyer, which matches buyers and sellers of bitcoin and other cryptocurrencies, is launching a Europ...Read More
MEXICO CITY, Jan 23 (Reuters) - Mexico's peso pared sharp losses on Tuesday after U.S. President Donald Trump said talks to renegotiate the North American Free Trade Agreement (NAFTA) were going well.The peso, which had shed as much as 1 percent earlier in the session on concerns over potential U.S. protectionism, traded nearly flat after Trump's comments.A sixth round of talks to overhaul the NAF...Read More
By Jennifer Ablan and Michael ConnorJan 23 (Reuters) - Guggenheim Partners chief investment officer Scott Minerd said Tuesday that extreme optimism about the global economy among political and business leaders at the World Economic Forum in Davos, Switzerland is a "valuable contra-indicator" for investors and turning him cautious. Minerd, who helps oversee more than $260 billion, said in...Read More
Shares of ResMed Inc. (NYSE:RMD) -- a medical device company specializing in sleep apnea -- are exploding higher today, thanks to well-received fiscal second-quarter earnings and a subsequent round of bullish analyst attention. RMD stock was last seen trading 15.6% higher at $101.67, earlier topping out at a record peak of $104.78 and coming in as the top S&P 500 Index (SPX) performer today. Furth...Read More
The technical picture for U.S. stocks has been rosy thus far in 2018, with the major market indexes assailing new heights at lightning speed. The Dow's ascent north of 26,000 has dominated headlines of late, and even small-cap stocks recently broke out to the upside after underperforming in 2017. But it's the tech sector -- represented by the PowerShares QQQ Trust (QQQ) -- outperformance that has...Read More
Jan 24 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,037.00 45.10 NZX 50**8,307.63 -27.73DJIA26,197.22-17.38NIKKEI**24,124.15307.82Nasdaq7,447.47539.44 FTSE**7,731.83 16.39S&P 500 2,836.82 3.85Hang Seng** 32,930.7 537.29SPI 200 Fut 5,998.012.0STI** 3,592.08 22.65SSEC**3,546.98 45.62 KOSPI** 2,536.634.49----------------------------------------------------------------...Read More
By Elizabeth DiltsNEW YORK, Jan 23 (Reuters) - Heavy investor trading in blockchain and cannabis stocks in December helped push TD Ameritrade Holding Corp's quarterly profit higher, the online broker's chief executive said on Tuesday. "Everybody was talking just before Christmas and at holiday parties about, 'Blockchain - what do you think?'" Hockey said in an interview. "That drove...Read More
Retail stocks Lululemon Athletica Inc. (NASDAQ:LULU) and Gap Inc (NYSE:GPS) are both off to a strong start in 2018, with the shares recently notching new highs. However, although both stocks have been on a tear lately, near-term options on LULU and GPS are priced at a relative bargain -- and more upside could be in store for the shares, if history repeats. Plus, seasonality is on the side of retai...Read More
Institutional analysts are warming to gold, but not too much.Accordingly, gold's longer-term investor sentiment profile is still positive.The only immediate-term "fly in the ointment" is the silver price. Gold remains locked in a long-term trading range that stretches back to 2013. The parameters of this range are roughly the $1,050 and $1,415 levels. For institutional analysts the g...Read More
Insurance giant Allstate Corp (NYSE:ALL) is in the midst of a steady, multi-year uptrend which took the stock to a record high at the end of December. The brief pullback following this milestone was neatly contained by the security's 60-day moving average, a familiar layer of support. With ALL shares bouncing from this technical floor, it appears to be an ideal opportunity to initiate a bullish op...Read More
* Netflix at record high on strong Q4* P&G, J&J weigh on Dow after results* Trump slaps import tariffs on washers, solar panels* Indexes: Dow down 0.1 pct, S&P up 0.15 pct, Nasdaq up 0.61 pct (Updates to early afternoon)By Sruthi ShankarJan 23 (Reuters) - The S&P and the Nasdaq rose on Tuesday as upbeat earnings from Netflix spurred gains for the highly-valued technology sector, wh...Read More
(To fix figure in third para)TUNIS, Jan 23 (Reuters) - Tunisia's parliament on Tuesday approved a plan by the central bank to sell bonds worth $1 billion to help finance the 2018 budget, the state news agency said.The finance ministry directed the central bank after the approval by parliament's financial committee to issue the bonds in the second half of March, the agency said.The North African c...Read More
NEW YORK, Jan 23 (Reuters) - The U.S. Treasury Department on Tuesday sold $26 billion of two-year government notes to the strongest demand in more than two years, marking their yield at an auction at the highest since September 2008, Treasury data showed.The ratio of bids to the amount of two-year notes offered was 3.22 percent, the highest level since September 2015. This measure of overall aucti...Read More
(Kitco News)- While thegold market appears to have entered a consolidation period, one analyst saysthat this is just the beginning of the rally this year.In atelephone interview with Kitco News, George Milling-Stanley, head of goldinvestments at State Street Global Advisors, said because of the strongsentiment in the gold market, he thinks it is only a matter of time before goldbreaks above its re...Read More
Global industrial concern General Electric Company (NYSE:GE) is slated to join the earnings scene, expected to report its fourth-quarter results tomorrow morning, before the market open. The Dow stock has had a more than disappointing start to 2018, last week suffering its worst week since 2009 amid breakup speculation. Below, we will take a look at how GE stock has performed on the charts, and ho...Read More
* Italo aims to export business model to Europe* Spain, Germany and France among possible targets* But faces long, costly task against state rivals* Co-founder tells Reuters about IPO plans: By Agnieszka Flak ROME, Jan 23 (Reuters) - Italian high-speed rail group Italo plans to export its flexible business model to other European countries such as Spain, Germany and France following its planned st...Read More
* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Updates with closing prices)By Eric OnstadLONDON, Jan 23 (Reuters) - Copper prices fell to their lowest in a month on Tuesday after rising inventories showed healthy supplies of refined metal.Lead, however, climbed to the highest since 2011 after stocks declined.On-warrant copper stocks - metal not earmarked for delivery from warehouses and available...Read More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD.: ACQUISITION BY CERRO DE PASCO RESOURCES S.A. OF A 100% INTEREST IN EL METALURGISTA CONCESSION On Jan. 12, 2018, Genius Properties Ltd. target Cerro de Pasco Resources S.A. exercised its option to acquire a 100-per-cent interest in the El Metalurgista concession located in Peru (where the so-called Quiulacocha tailings and Excelsior stockpile are locate...Read More