By Kevin Buckland TOKYO, Nov 5 (Reuters) - The dollar was on course for asecond straight week of gains against major peers on Friday,ahead of a key U.S. jobs report that could sway the timing ofFederal Reserve interest rate increases. Sterling headed for its worst week in 11 after the Bank ofEngland caught the market off-guard by keeping rates steady onThursday. The dollar index , which measures t...Read More
Company Website: https://newfoundgold.ca/VANCOUVER, British Columbia -- (Business Wire)New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG, NYSE American: NFGC) is pleased to provide an update regarding its QA/QC Program at Queensway and to announce its plans to proceed with Chrysos whole-core PhotonAssayTM methods for the assaying of core samples from its 100%-owned Queensway Project (...Read More
Banks and financial institutions are quickly adopting decentralized finance, or DeFi, to the point where most trading desks around the world are likely to use the technology to varying degrees, said Michael So, VP of business development of Cook Finance. DeFi is still in its early adoption phase, So added. "Last time when I read a Chainalysis report I've seen that half of the volume traded on dec...Read More
Gold pricessurged in trading as the Bank of England joined the central bank of the UnitedStates, expressing that they were not in favor of raising interest rates at anytime in the near future. During Chairman Jerome Powell's press conferenceyesterday, he made it clear that they're not even thinking about, thinkingabout raising rates anytime soon. In terms of traders' reaction to the chairman'sstat...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) - According to Metals Focus, a leading independent precious metals research consultancy, gold production from 16 biggest gold miners has become more energy, carbon, water and land intensive since 2014.In...Read More
WASHINGTON (Reuters) - President Joe Biden's $1.75 trillion social-policy and climate-change legislation would raise less than $1.5 trillion in revenue, nonpartisan tax experts said on Thursday, but Democrats argued that the bill they aim to pass by Thanksgiving is paid for.The official U.S. Joint Committee on Taxation issued a report scoring the "Build Back Better" legislation's revenue provision...Read More
Mr. Glen Williams reportsSPROTT ASSET MANAGEMENT ENTERS AGREEMENT WITH NORTH SHORE INDICES, INC. TO ACQUIRE LICENSING RIGHTS TO THE INDEX TRACKED BY THE NORTH SHORE GLOBAL URANIUM MINING ETF Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., has entered into a definitive agreement with North Shore Indices Inc. to acquire an exclusive licence to use the North Shore Global Uranium...Read More
An anonymous director reports SPROTT INC. DECLARES THIRD QUARTER 2021 DIVIDENDSprott Inc.'s board of directors will pay a third quarter 2021 dividend of 25-U.S.-cents per common share, payable on Nov. 30, 2021, to shareholders of record at the close of business on Nov. 15, 2021.Registered shareholders who are residents of Canada as reflected in the company's shareholders register, as well as benef...Read More
(Kitco News) More Americans are quitting their jobs as they cite "financial freedom" gained from their crypto investments, according to a recent survey.A Civic Science poll showed that 4% of 6,471 respondents resigned from their jobs in the past 12 months, citing "financial freedom" due to their crypto investments.Another 7% of the respondents answered that they knew someone who had quit their job...Read More
(Kitco News) - The Federal Reserve announced it will be windingdown its bond-buying program later this month. The process will involve a $15billion monthly reduction from the current $120 billion a month the Fed isbuying currently. "The bull market is going to crack eventually because theconsecutive monthly tapering is going to hurt the markets the most," AlasdairMacleod, Head of Research at Gold...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) - IAMGOLD (TSX: IMG) (NYSE:IAG) yesterday reported Q3 2021 net loss of $75.3 million or $0.16 per shareand adjusted net loss of $20.1 million or $0.04 per share attributable toequity holdersAdditionally,...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) - The gold market is once again in striking distance of $1,800. Newmomentum could propel it higher as markets could readjust their expectationsregarding potential interest rate hikes from the Federal Res...Read More
Nov 4 (Reuters) - The S&P 500 and the Nasdaq hit record highs on Thursday on stellar earnings reports, with investors looking past the Federal Reserve's asset tapering plan as borrowing costs remain low.The Dow slipped from an all-time closing high hit on Wednesday, dragged down by big banks JPMorgan Chase & Co (JPM.N) and Goldman Sachs Group (GS.N) which slipped 1.7% and 2.6% despite steepeni...Read More
OTTAWA, Nov 4 (Reuters) - Ontario, Canada's most populous province, on Thursday projected a smaller budget deficit for the current fiscal year as stronger-than-expected economic growth helped boost tax revenues, a fiscal update showed.The province forecast a budget deficit of C$21.5 billion ($17.3 billion) for the 2021-2022 fiscal year, compared to the C$32.4 billion deficit forecast in an update...Read More
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday that investments and revenue provisions of President Joe Biden's social policy and climate change package would raise more than $2 trillion in offsets.That would make the entire package paid for over 10 years and reduce deficits over the long term, Yellen said in a statement.Reporting by Chris Gallagher Disclaimer: The v...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) - Yesterday, OceanaGold (TSX:OGC) announced the commencement of processing at the Didipio gold-copper minein the Philippines.The Didipio process plant isexpected to ramp up to its throughput rate of 3.5...Read More
(Updates throughout, recasts)LONDON, Nov 4 (Reuters) - Aluminium prices fell sharply on Thursday as the biggest producer China said its coal output had shot up and would continue to rise, helping to ease a power crisis that has forced smelters to produce less metal.Benchmark aluminium on the LME was down 3.3% at $2,568.50 a tonne at 1604 GMT after touching $2,552, its lowest since Aug. 20.Prices h...Read More
LONDON, Nov 4 (Reuters) - German government bond yields dropped to their lowest levels in a month on Thursday after the Bank of England kept its interest rates on hold, surprising markets that had priced in a 15 basis-point rate hike.Following the U.S. Federal Reserve's announcement overnight that it would taper its bond purchases, the BoE confounded those expecting it to become one of the first m...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) - Minera Alamos (TSX VENTURE: MAI)announced Thursday that it has made an initial delivery of gold dor?(C) from itsSantana gold project in Sonora, Mexico. The gold was recovered fromearly material stack...Read More
WASHINGTON/LONDON (Reuters) -Stocks climbed globally to new records on Thursday after the U.S. Federal Reserve decision to start scaling back its bond-buying program this month and the Bank of England's plan to keep interest rates on hold, dashing investors' expectations for a hike.European stocks held their own highs [.EU] while the pound tumbled nearly 1% after the hotly anticipated decision by...Read More