Some of us thought the epic scale of spending and printing during the Great Recession would not be surpassed. Boy were we wrong!Continue...Read More
* Cote Gold Project expected to start output in 2021* Sumitomo Metal looking to boost output through acquisitions* Says deal will boost company's annual gold output to 18 T (Adds comment, detail)By Yuka ObayashiTOKYO, June 6 (Reuters) - Japan's Sumitomo Metal Mining Co on Tuesday said it had agreed to take a 27.75-percent interest in a Canadian gold mining project from Toronto-based IAMGOLD Corp f...Read More
WE SAID IT HERE ON MAY 31 ON THIS SITE " BLATANT MANIPULATION IN THE GOLD MARKET...EXPECT IT TO OCCUR AGAIN." AND IT SURE DID OCCUR AGAIN TODAY. AND IT IS NOTHING LESS THAN BLATANT MANIPULATION TO CREATE THE IMPRESSION THAT GOLD IS NOT A WORTHWHILE INVESTMENT AND IS SIMPLY BEING SOLD ON A LARGE SCALE. THE SALES ARE DECEPTIONS AND NOTHING LESS. FOR EXAMPLE, TODAY, AT ABOUT 9:30 EST, 3000...Read More
Gold is largely steady, as traders remain cautious and await for official results from the U.K. election, following a shocking exit poll that projected Prime Minister Theresa May's Conservative Party falling short of a majority.The exit poll estimated that the Conservatives will have 314 seats in the 650-member parliament, while the opposition Labour Party would be not far behind with 266 seats, w...Read More
June 9 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The TimesThe European Central Bank has ruled out further interest rate cuts in a first small step towards normalising monetary policy as the euro zone rapidly gathers momentum. BT Group Plc has fired PricewaterhouseCoopers (PWC) as its...Read More
LONDON, June 9 (Reuters) - London stock exchange futures sank, gilt yields fell and the pound dived below $1.27 for the first time in almost two months on Friday as odds tightened on Labour leader Jeremy Corbyn becoming the next British Prime Minister after UK elections. With trading volumes extremely thin out of London hours, FTSE futures were quoted down 0.2 percent as voting results began to co...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.3 pct, CSI300 +0.8 pct, HSI +0.3 pct* HK->Shanghai Connect daily quota used 7.9 pct, Shanghai->HK daily quota used 3.3 pct* HK->Shenzhen Connect daily quota used 10.7 pct, Shenzhen->HK daily quota used 7.1 pct* CNY official close 6.7995 per dollar* FTSE China A50 +0.9 pct, BNY Mellon ADR China Select Index +1.3 pct SHANGHAI, June 9 (Reuters) - Following...Read More
By: RambusThere is something happening in the commodities complex that has been going on for awhile now that needs to be addressed tonight. A subtle change actually started earlier this year and has been gaining momentum especially in the energy sector. I know for a lot of you, with the weak US dollar, you are thinking, "how could commodities be declining," which goes against everything you have...Read More
Gold Prices Steady On UK Election Risk; ECB and Geopolitical Riskby Reuters* Gold prices could see strong intraday volatility - analyst* UK election, Ex-FBI director testimony, ECB meeting set for later in the day* Downside for gold is "limited" (especially in sterling)Gold held steady on Thursday as investors awaited cues on market direction amid a number of geopolitical events later in the day...Read More
Gold Today -New York closed at $1,293.20 yesterday after closing at $1,293.80 Tuesday. London opened at $1,284.00 today. Overall the dollar was slightly stronger against global currencies, early today. Before London's opening: - The $: EUR was slightly stronger at $1.1232 after yesterday's $1.1254: EUR1.- The Dollar index was stronger at 96.89 after...Read More
UK elections, European central bank meeting and US economic data releases will all affect metals and energies sector. Volatility will be very high. I am against buying gold unless it breaks and trades over $1303. I am against buying silver unless it breaks and trades over $17.81. Crude oil see a big sell off only if it trades below $45.50 and more so in US session. Currencies will affect bulli...Read More
TOKYO, June 9 (Reuters) - Nikkei futures and options contracts expiring in June were forecast to settle at 19,997.63, market participants said on Friday, citing estimates by brokerages.The closely watched settlement price, known in Japan as the special quotation, or "SQ", is calculated from the opening prices of the 225 shares in the Nikkei average on the second Friday of the month.It is calculate...Read More
It was the moment we had been waiting all week for: former FBI Director James Comey gave public testimony to the Senate on President Donald Trump and possible connections with Russia. Wall Street was riveted. But Comey's damning retelling of events did not push markets in any major direction. Stocks did manage, however, to close out the session with small gains. The S&P 500 was up 0.03%, th...Read More
June 9 (Reuters) - For other diaries, please see:Top Economic Events Polling unit diary Today in Washington Political and general news DATECOUNTRYAUCTION DETAILS 12-JunUnited StatesSale of 3-year notes 12-JunUnited StatesSale of 10-year notes 12-JunItalyBills auction 13-JunUnited StatesSale of 30-year bond 13-JunSpainAuction of 6- and 12-month Treasury bills 13-JunItalyMedium-Long Term auction 13-...Read More
June 9 (Reuters) -For other diaries, please see:Top economic events Government debt auctions Political and general news events Index of all diaries Guide to economic indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events. ----------------------------------------------------------- FRIDAY, JUNE 9 ** PRAGUE - Czechs host Security and...Read More
June 9 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling unit diary Today in Washington Political and general news -----------------------------------------------------------This Diary is filed daily. Indicates new events----------------------------------------------------------- FRIDAY, JUNE 9 ** OTTAWA - Canadian Finance Minister Bill Morneau holds talks with U.S. Treasury Se...Read More
British Prime Minister Theresa May faces a "huge post-mortem" about her general election campaign and questions about the direction of the Conservative Party, former finance minister George Osborne said on Friday.Osborne, a cabinet colleague of May's until she ousted him as finance minister, said May would remain as prime minister if she can win a majority - something an exit poll on Thursday show...Read More
* British exit polls point to hung parliament in blow for May* Pound down 1.4 pct after dropping as much as 2 pct vs dollar* Movements in dollar, euro and yen limited, Comey taken in stride By Shinichi SaoshiroTOKYO, June 9 (Reuters) - The pound fell sharply in early trade on Friday after a British election exit poll showed Prime Minister Theresa May's Conservative Party falling short of a majori...Read More
By Kate Holton and David Milliken | LONDONPrime Minister Theresa May's Conservative Party will fail to win a parliamentary majority in Britain's election, according to an exit poll on Thursday, a shock result that would plunge domestic politics into turmoil and could delay Brexit talks.The exit poll predicted the Conservatives would win 314 seats in the 650-member parliament and the opposition Lab...Read More
James Comey kept memos of his meetings with President Donald Trump because he was worried he would lie about their interactions, he told the Senate Intelligence Committee on Thursday. The former FBI director said he felt the need to document his time with Trump because they were alone, because of the subject matter, and "because of the nature of the person" in sworn testimony. "I was honestly c...Read More