NEW YORK (Reuters) - Potentially destabilizing disruptions in U.S. Treasuries as the Federal Reserve pares bond buying have rekindled calls for it to change a capital rule which banks say discourages them from supporting the market.Bond market volatility increased in late October, fueling fears it may again seize up as it did in March 2020 and during 2013's "taper tantrum" when traders d...Read More
WASHINGTON (Reuters) -U.S. Federal Reserve officials on Monday turned their focus towards a debate over interest rate policy that is likely to intensify in coming months, with one top official saying the conditions for a rate hike could be met next year with job growth expected to continue and inflation already pushing beyond comfortable levels.Fed Vice Chair Richard Clarida said that while the Fe...Read More
ReutersSYDNEY, Nov 8 (Reuters) - Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears.Bitcoin jumped more than 4% to as high as $66,170, approaching the unprecedented $67,016.50 level reached on Oct. 20, while ether - which underpins the ethereum network - sat at a record top o...Read More
Nov 8 (Reuters) - The Dow hit a record high on Monday as the passage of a $1 trillion infrastructure bill lifted industrials, materials and other economy-focused sectors, while Tesla fell on top boss Elon Musk's plan to sell about a tenth of his stake.Six of the 11 major S&P 500 sector indexes were higher in early trading after the Congress on Saturday passed the long-delayed infrastructure bi...Read More
Mr. Alastair Still reports GOLDMINING REPLACES EXISTING NET PRODUCTION ROYALTY ON THE CACHOEIRA PROJECT WITH NET SMELTER ROYALTY WITH BUY-BACK OPTION BRI Mineracao Ltda., a wholly owned subsidiary of Goldmining Inc., has completed a transaction to replace the remaining 1.33-per-cent net production royalty on the company's Cachoeira project in Brazil, with a 0.5-per-cent net smelter return royalty,...Read More
Mr. Guy Goulet reportsCERRO DE PASCO RESOURCES TO ACQUIRE TREVALI'S SANTANDER MINECerro de Pasco Resources Inc. has entered into a share purchase agreement with Trevali Mining Corp., pursuant to which it will acquire Trevali's Santander mine, located approximately 215 kilometres northeast of Lima, Peru, and comprising an underground mine, a 2,000-tonne-per-day processing mill, a conventional sulph...Read More
Mr. John Williamson reportsBENCHMARK DRILLS 3.05 METRES OF 57.65 G/T GOLD EQUIVALENT WITHIN 68.58 METRES OF 3.22 G/T GOLD EQUIVALENT AT CLIFF CREEKBenchmark Metals Inc. has released new results from infill drilling at the Cliff Creek Mid zone, including 3.05 metres core length of 56.65 grams per tonne gold and 79.75 g/t silver or 57.65 g/t gold equivalent* within 68.58 m core length of 3.07 g/t go...Read More
BOSTON/GLASGOW, Nov 8 (Reuters) - A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change.The business observers pointed to several steps by world leaders they said could boost sustainable business and investing efforts t...Read More
Gold, silver and platinum appear to be on the launching pad, ready to blast off to the upside. All three are pushing through their resistance levels, making a run to the upside a high probability. The pattern should start has become increasingly bullish. We must remember that nothing in trading is 100%, but all signs point higher. The next major levels to watch are gold $1,835 December future...Read More
NEW YORK, NY, Nov 8 (Reuters) - Retailers are launching holiday marketing campaigns to lure in-store shoppers as supply chain issues boost costs for consumers.Big brands including Etsy, Ralph Lauren and mall operator Tanger are spending more on marketing and using other tactics to spur holiday sales as they bet on shoppers venturing out after last year's COVID lockdowns.Even so, soaring costs to s...Read More
Nov 8 (Reuters) - Cyber security firm McAfee Corp said on Monday it will be bought by a consortium led by U.S. private equity firm Advent International for over $14 billion. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals...Read More
WASHINGTON, Nov 8 (Reuters) - The U.S. Federal Reserve's hoped-for surge of people into the U.S. job market fell short again in October, with the labor force participation rate now flat for 15 months and continued broad wage gains reflecting what's become perhaps the key supply "bottleneck" for the central bank.Average hourly earnings rose 4.9% on an annual basis in October, the most sin...Read More
Nov 8 (Reuters) - More than a year and a half after the COVID-19 pandemic ruptured the U.S. job market in historic fashion, huge gaps in employment and the labor force remain despite unprecedented demand for workers and a record number of vacant jobs.Policymakers are struggling to understand just what is keeping so many people from returning to work - or even looking for a job. Friday's monthly pa...Read More
MILAN (Reuters) - World shares steadied near record peaks on Monday as risk assets found support from an upbeat U.S. October payrolls report, but they face another test later in the week from a reading on U.S. inflation.The U.S. congressional passage of a long-delayed $1 trillion infrastructure bill also cheered investors, helping crude prices extend their rally, though a broader social safety net...Read More
Company Website: https://www.newfoundgold.caVANCOUVER, British Columbia -- (Business Wire)New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG, NYSE American: NFGC) is pleased to provide an update on fieldwork and reporting of drill results from its 100%-owned Queensway Project ("Queensway"), located on the Trans-Canada Highway 15km west of Gander, Newfoundland.New Found is pleased to re...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are modestly up in early U.S. trading Monday, with goldnotching a two-month high. It appears the metals traders have turned theirfocus from the bearish aspects of a tighter U.S. m...Read More
EMERYVILLE, Calif., Nov. 8, 2021 /PRNewswire/ -- Amyris, Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company accelerating the world to sustainable consumption through its Lab-to-MarketTM operating platform, today announced it has entered into a 50:50 joint venture arrangement with ImmunityBio, Inc. (Nasdaq: IBRX), a clinical-stage immunotherapy company, to accelerate the commercializat...Read More
Mr. Quentin Yarie reportsRED PINE INTERSECTS 3.08 G/T GOLD OVER 55.66 METRES AT ITS NEW DISCOVERY ON THE WAWA PROJECTRed Pine Exploration Inc. has released results froma significant gold intersection from its 2021 drilling program in the Surluga South discovery area of its Wawa project in Ontario.The Surluga South discovery is now extending up to 500 metres downdip from the boundary of the current...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Commerzbank commodities analyst Daniel Briesemann has been monitoring the gold markets closely for a while now. In his most recent note, Briesemann said the drop in rates could have led...Read More
Mr. Mac Balkam reportsESKAY MINING ENCOUNTERS BROAD INTERCEPTS OF PRECIOUS METAL RICH STOCKWORK FEEDER MINERALIZATION AT TV INCLUDING 47.8M GRADING 5.2 GPT AU EQ WITHIN 140.3M GRADING 2.6 GPT AU EQ AND 44.4M GRADING 4.7 GPT AU EQ WITHIN 92.3M GRADING 2.7 GPT AU EQEskay Mining Corp. has released the first assay results from its 2021 diamond drill campaign at its 100-per-cent-controlled Consolidated...Read More