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
* Futures up: Dow 0.20%, S&P 0.09%, Nasdaq 0.05%Nov 8 (Reuters) - U.S. stock index futures edged higher onMonday as big industrial firms were supported by the passage ofa $1 trillion infrastructure bill, while Tesla fell on ChiefExecutive Elon Musk's plan to sell about a tenth of his stake. Caterpillar Inc , Boeing Co and 3M Co rose between 0.5% and 3% in premarket trading after the Congresspa...Read More
Mr. Quentin Yarie reportsRED PINE ANNOUNCES CHANGES TO MANAGEMENTRed Pine Exploration Inc. has made changes to its leadership. Administration Effective immediately, Greg Duras, chief financial officer, will be leaving Red Pine Exploration. The company would like to thank Mr. Duras especially for his efforts during the acquisition of the company's joint venture partner, which occurred earlier this...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 has broken and consolidated above the all-important $1800/oz level overnight and this put the upside levels in focus. On the daily chart below the trendline marked in purple stemming from all...Read More
* Focus turns to U.S. CPI data due on Wednesday* U.S. 10-year yields rise after Friday's tumbleNov 8 (Reuters) - Gold prices slipped from a two-month highon Monday pressured by rising U.S. yields, although expectationsthat key central banks will keep interest rates low in the nearterm limited losses of the non-yielding asset.Spot gold edged down 0.08% to $1,815.20 per ounce by1146 GMT. U.S. gold f...Read More
Futures for Canada's main stock index rose on Thursday on firmer gold prices. Gold prices stabilized on Thursday after two days of losses, helped by a slight pullback in the dollar. Gold’s resurgence comes amid increasing volatility for alternative investments such as cryptocurrencies and a weakening dollar. The best gold stocks for this week include Orla Mining (TSX:OLA)...Read More
Gold remains an attractive target as the Forex and cryptocurrency markets continue to demonstrate high volatility. After rising above the $2,000/ounce price level for the first time in its history in 2020, investors turned their attention towards gold stocks as a way to diversify their portfolio. Despite an expected correction in 2021, gold remains at a level that provides good opportunities in th...Read More
As the market continues to recover from the pandemic, gold prices showed sings for optimist as they reached $1770.1; which is a +0.65% GOL. Gold prices were boosted by concerns of an economic hit from soaring energy prices and a slight retreat in the dollar, as investors braced for U.S. inflation data. At the same time, Canadian gold stocks remain undervalued, leaving plenty of o...Read More
Gold price is approaching the $1800 mark, remaining near the highest levels in five days. Prices of the yellow metal seem to be unaffected by the record run on the Wall Street indices. Growing inflation fears amid supply disruptions and rising energy prices contributed to a weakening US Dollar, continue to benefit commodity prices. Rising oil and gold prices drove futures tracking Canada's commod...Read More
Thursday’s trading session saw gold pices bounce higher and hold above trend line resistance which is now support at $1,785. A short rebound of the US dollar is seen as some to be putting downward pressure on the yellow metal. However, inflation fears remain strong and the US housing report showed that the median home price continues to rise. The activity in silver prices was similar to gol...Read More
In light of recent efforts to ramp up efforts to combat climate change, governments around the world have been talking about adopting a global carbon taxation regime. While the result of such a move has many social and economic benefits, there are concerns it could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions. Canada and Sweden are among...Read More