(Updates prices)Oct 25 (Reuters) - Germany's yield curve steepened on Monday, while Italian bonds outperformed after an unexpected credit rating outlook upgrade.Germany's 30-year government bond yield rose 1 basis point, while short-dated yields fell and its 10-year yield, the benchmark for the euro area, was down 2.5 bps at -0.12% by 1521 GMT , tracking moves in U.S. Treasuries.The biggest move i...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 arehigher in midday U.S. trading Monday, with the yellow metal pushing back abovethe psychologically important $1,800.00 level and as silver closes in on $25.00.The metals marke...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE INITIATES AIRBORNE GEOPHYSICAL SURVEY AT THE MOTHERLODE GOLD PROJECT IN NEWFOUNDLAND, CANADAPrecipitate Gold Corp. has begun a property-wide helicopter-borne geophysical survey at the company's Motherlode gold project within the Burin Peninsula of southern Newfoundland, Canada.The property-wide heliborne high sensitivity magnetics-radiometrics geophysical surv...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) - Calibre Mining (TSX: CXB)announced Monday that it has entered into a definitive arrangement agreementwith Fiore Gold (TSXV: F), whereby Calibre will acquire all of the issued andoutstanding common shar...Read More
WASHINGTON (Reuters) - State and local governments distributed nearly $2.8 billion in Emergency Rental Assistance program funds in September, up from about $2.6 billion in August and bringing the year-to-date total to $10.3 billion, the U.S. Treasury said on Monday.The Treasury said some 510,000 American households were helped by the aid to pay rent, utilities and arrears, compared to 459,000 in A...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) - KEFI (AIM: KEFI), the goldand copper exploration and development company with projects in Ethiopia andSaudi Arabia, announced today that its four employees and contractors inEthiopia were released afte...Read More
(Reuters) - U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets.Tesla Inc rose 4.5% to a record high after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley boosted its price targe...Read More
Oct 25 (Reuters) - Ahead of Facebook Inc's (FB.O) financial results on Monday, the social media giant is expected to be hurt more than others in big tech by Apple Inc's (AAPL.O) iPhone privacy changes, investors fear, after Snap Inc (SNAP.N) missed revenue targets last week.The Apple privacy updates, which began rolling out in April and prevent advertisers from tracking iPhone users withou...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) - B2Gold (TSX: BTO) announcedMonday that it has entered into a binding agreement with West AfricanResources, pursuant to which B2Gold has agreed to sell to WAF 100% of theissued and outstanding shares of...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) - Hedge funds remain reluctant to jump into gold; however, silveris attracting new momentum as its industrial demand picks up, according to someanalysts quoting the latest trade data from the Commodity F...Read More
(Adds comments, updates prices throughout)Oct 25 (Reuters) - Canada's main stock index hit a record high on Monday as energy stocks rose on higher oil prices, but expectations that the Bank of Canada could strike a hawkish note in its upcoming policy announcement kept gains in check.The Canadian energy index jumped more than 2% to lead sectoral gains in early trading after oil prices touched multi...Read More
Oct 25 (Reuters) - PayPal Inc (PYPL.O) is not pursuing an acquisition of Pinterest Inc (PINS.N) at this time, the payments company said late on Sunday, responding to media reports that it was in talks to buy the digital pinboard site for as much as $45 billion.PayPal shares rose 6.2% to $255.20 in premarket trading on Monday, while those of Pinterest fell about 10% to $52.50.Bloomberg News fir...Read More
Mr. Chris Taylor reports GREAT BEAR REPORTS 95.2% TO 99.2% GOLD RECOVERIES IN PRELIMINARY LP FAULT METALLURGICAL TESTS - GOLD IS FREE MILLING AND READILY SOLUBLE AT ALL GRADES Great Bear Resources Ltd. has released gold recovery test results from its 100-per-cent-owned flagship Dixie project, in the Red Lake district of Ontario.Chris Taylor, president and chief executive officer of Great Bear, sai...Read More
FRANKFURT, Oct 25 (Reuters) - Tesla's Model 3 topped European car sales in September, marking the first time an electric vehicle has done so in monthly charts, research group JATO Dynamics said on Monday.At 24,591 cars registered, Tesla's Model 3 recorded year-on-year growth of 58%, followed by Renault's (RENA.PA) Clio, Dacia's Sandero and Volkswagen's (VOWG_p.DE) Golf model, JATO said.In the...Read More
(Kitco News) Nuclear energy is seeing a major comeback with the demand for uranium stocks soaring, said Scott Melbye, Uranium Royalty Corp CEO and executive VP of Uranium Energy Corp."Demand for uranium and nuclear generation has responded back to pre-Fukushima levels. We've seen 57 new reactors come online around the world," Melbye told Michelle Makori, editor-in-chief of Kitco News.Uranium is cu...Read More
ZURICH (Reuters) -UBS Group has agreed to sell its Spanish wealth management business to Madrid-based Singular Bank, the Swiss bank said on Monday, its second exit from a European market in the past 12 months.UBS said it was selling UBS Gestion to Singular for an undisclosed sum. German newspaper Handelsblatt said Singular Bank will pay UBS between 200 million and 250 million euros ($291 million)...Read More
BENGALURU, Oct 25 (Reuters) - The Bank of Canada will raise rates as early as the third quarter of next year, at least three months earlier than previously expected, according to economists polled by Reuters who see a risk that the increase could come even sooner.Just last month economists were almost evenly split on the risk of higher rates; now nearly all are saying sooner rather than later.That...Read More
Oct 25 (Reuters) - Thrasio Holdings Inc, which acquires third-party sellers on Amazon.com Inc, said on Monday it had raised $1 billion in a funding round led by private equity firm Silver Lake. (Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has mad...Read More
Oct 25 (Reuters) - Industrial and Commercial Bank of China plans to provide 3 trillion yuan ($470 billion) of financing for the energy sector over the next five years, the country's National Energy Administration (NEA) said on Monday.A strategic cooperation agreement signed by the two entities is partly aimed at helping ensure energy and power supplies in winter and spring, the NEA said in a brief...Read More
Last weekwas an interesting one for the metals. The bottoms held, the trend reversed andfrom looking bad, they now look great. Forget about the news. The price actionand charts show bullish formations. During the past 6-7 days, we have seenhigher highs and higher lows, which indicate the rally should continue. Lookingback to Friday, gold and silver looked prepared for blastoff. Of course, JeromePo...Read More