NEW YORK, June 6 (Reuters) - Major U.S. stock indexes ended near session lows on Tuesday as traders shied away from risky assets ahead of major political and economic headlines expected on Thursday.Britain's general election as it maps its exit from the European Union, the European Central Bank's policy meeting and former FBI Director James Comey's testimony before a Senate panel could all affect...Read More
ALL TIMES IN EDT/GMT -------------------------------------------------0700/1100: The USDA issues weekly world rice price.1030/1430: The Energy Information Administration issues weekly petroleum stocks and output data.No set time: The Association of American Railroads issues Weekly Traffic of Major Railroads.1500/1900: The Federal Reserve issues Consumer Installment Credit for April.---------------...Read More
By Noel RandewichSAN FRANCISCO, June 6 (Reuters) - Shares of Advanced Micro Devices surged nearly 9 percent on Tuesday boosted by strong demand for its chips from cryptocurrency miners, leaving short sellers at a loss for the year.A rally in cryptocurrency Ethereum has boosted demand for graphics chips used by people to "mine" it and other digital currencies, with some of AMD's processors sold out...Read More
* Longer-dated yields touch lowest levels since November* Investors eye U.K. election, ECB meeting, Comey testimony* China may buy more U.S. bonds as yuan steadies-Bloomberg (Updates prices, adds quote)By Gertrude Chavez-Dreyfuss and Richard LeongNEW YORK, June 6 (Reuters) - U.S. long-dated Treasury yields fell to seven-month lows on Tuesday, as nervous investors favored the safety of bonds ahead...Read More
Why is Gold Up is the wrong question. We should be asking: Why isn't Gold higher? The answer to that question will likely come when the Fed decides to hike or not hike next week. And how Gold reacts. If you believe like us that what the Fed does is mattering less and less, than a hike will be a dip to buy. Gold is becoming focused more and more on the longer term problems enveloping...Read More
VANCOUVER, JUNE 6, 2017. OSPREY GOLD DEVELOPMENT LTD. (the "Company" or "Osprey") (TSXV: OS) is pleased to announce it has located and acquired an extensive package of digitized historical data encompassing all four of its current Nova Scotia property assets, namely the Goldenville Gold Project, Lower Seal Harbour Project, Gold Lake Project, and Miller Lake Project.The historical data comprises di...Read More
* Oil prices recover on technical support* Gold, German bunds at recent highs as safe assets thrive* European shares hit, U.S. stocks down partly on retail* Sterling slightly lower before UK election (Adds oil recovery and settled price; updates throughout)By Hilary RussNEW YORK, June 6 (Reuters) - U.S. Treasury yields and the dollar dropped to seven-month lows on Tuesday and world stocks slid as...Read More
Gold futures on Tuesday posted the highest close since early November, with analysts pinning the gain in part on haven investment demand sparked by Mideast tensions. Gold for August delivery GCQ7, -0.19% rose by $14.80, or 1.2%, to settle at $1,297.50 an ounce. Prices extended their streak of gains into a third-consecutive session and finished at the highest for a most-active contract since Nov....Read More
On Tuesday, the return of the safe haven buyer and a weaker US dollar combined to lift the metal to its highest level since the election of Donald Trump on November 8.Gold futures in New York for delivery in August, the most active contract, touched a high of $1,298.80, up more than 1% in heavy volume of more than 24m ounces. Gold is up 12.8% so far in 2017.Gold's recovery - up $80 an ounce in l...Read More
(Kitco News) - Markets in general have ground to a halt; volume andvolatility are absent from almost every major market in the world. The equity markets are complacent with the VIX trying to make an all-time low. Greed is everywhere:Canadian housing, U.S. equities, bitcoin and livestock.Fear has been on vacation but is starting to show warning signs: Gold held 1260 and is now pushing 1300. Treasu...Read More
By Phil Stewart | WASHINGTONThe Pentagon on Tuesday renewed praise of Qatar for hosting a vital U.S. air base and for its "enduring commitment to regional security," sticking to a message of reassurance even as President Donald Trump, via Twitter, applauded a decision by Arab powers to cut ties to the Gulf ally.It was the latest example of the tightrope that U.S. officials are walking as Trump's t...Read More
President Donald Trump's proposed budget has generated hysteria among the American left. Prominent progressives have accused the president and his allies of wanting to kill children, senior citizens, and other vulnerable Americans. The reaction of the president's allies - including some conservatives who should know better - is equally detached from reality as they hail Trump for launching a major...Read More
(Kitco News)- U.S. Mint sales data show gold bullion demand is seeing itsweakest first half in 10 years, but one analyst expects sales to pick up in thesecond half of the year as consumers adjust to stable prices.As of the end of May, the U.S. Mint reported sales of 172,000ounces of gold in various denominations of American Eagle gold bullion coins, adecline of almost 51% compared to 351,000 ounce...Read More
ASUNCION, June 6 (Reuters) - Paraguay's economic output grew 6.6 percent year over year in the first quarter of 2017 and grew 3.4 percent compared with the fourth quarter of last year, central bank officials told a news conference on Tuesday. The figures were in line with the bank's expectation for 4.2 percent growth in full-year 2017. First quarter growth was propelled by commerce, services, indu...Read More
By Jennifer AblanNEW YORK, June 6 (Reuters) - Jackson National, the largest U.S. provider of variable annuities, said in a filing on Tuesday it plans to remove Pimco's Total Return Bond investment strategy from Jackson National's product line-up and assign management of the $3.5 billion in that fund offering to Jeffrey Gundlach's DoubleLine Capital. The move would end Jackson National's nearly two...Read More
By Tom Finn and Sylvia Westall | DOHA/DUBAIU.S. President Donald Trump, wading into a deep rift among Arab states, said on Tuesday his trip to the Middle East was "already paying off", as governments there took a hard new line in accusing Qatar of funding militant groups.The campaign to isolate Qatar was disrupting trade in commodities from crude oil to metals and food, and deepening fears of a po...Read More
MILAN, June 6 (Reuters) - The potential collapse of two Italian regional banks could impact both the country's economy and its government bonds, the Chief Executive of Intesa Sanpaolo said on Tuesday.Banca Popolare di Vicenza and Veneto Banca, both based in the north-eastern Veneto region, have requested a state bailout to help fill a combined capital shortfall of 6.4 billion euros ($7.21 billion)...Read More
A man armed with a hammer shouted "this is for Syria" before attacking police officers on Tuesday outside France's Notre Dame cathedral in Paris, the interior minister said.The assailant wounded one officer before he was shot and wounded by other officers. The Paris prosecutor's office swiftly began a counter-terrorism investigation.Interior Minister Gerard Collomb said the attacker was carrying t...Read More
The U.S. dollar index has given back all the gain since Trump's election last November.Meantime, geopolitical uncertainty is helping to drive gold higher.Much of the geopolitical uncertainty is due to the Trump administration itself. And it appears to be growing on a daily basis.The US$ Index is down again today and has now retraced all of the gains made since President's Trump election last N...Read More
By Corina PonsCARACAS, June 6 (Reuters) - A Venezuelan state-owned bank is offering $5 billion worth of sovereign bonds maturing in 2036 at a discount of up to 80 percent to several Wall Street funds, according to a lawmaker and a finance industry source.The move is part of the embattled socialist government's strategy to raise fresh funds to support the crisis-stricken economy by selling bonds, g...Read More