June 7 (Reuters) - Australian shares are set to trade up on Wednesday, with commodities set to gain from rising gold and oil prices.Oil prices rebounded on Tuesday, finding technical support after sliding below $47 a barrel, while gold prices surged to a seven-month high, riding a weak dollar and geopolitical uncertainties.The local share price index futures rose 15 points or 0.27 percent to 5682....Read More
A trifecta of geopolitical events on Thursday, along with a weaker U.S. dollar and recent weak U.S. economic data, have all contributed as underlying factors taking gold prices to a new yearly high. Today, gold futures traded to an intraday high of $1298.80, taking out the previous yearly intraday high of $1297, which was achieved on April 17. As of 4:00 Eastern Standard Time, gold futures are cu...Read More
Wall Street sat in wait of market-moving news out later this week, including a potentially game-changing testimony on the Trump-Russia scandal, the U.K. elections, and possible changes to eurozone monetary policy. That led to cautious trading on Tuesday, though stocks ultimately closed lower for their second day in a row. The S&P 500 was down 0.28%, the Dow Jones Industrial Average slid 0....Read More
SAO PAULO, June 6 (Reuters) - Gol Linhas A?(C)reas Inteligentes SA, Brazil's No. 2 airline, plans to reorganize a customer loyalty subsidiary, tapping significant tax savings from a simplified corporate structure, according to a securities filing on Tuesday.According to the filing, the loyalty unit known as Smiles SA said the proposal hinges on shareholder approval and involves it being taken over...Read More
By JanWolfeJune 6 (Reuters) - A federal appeals court hinted on Tuesday it may let Sanofi AG and Regeneron Pharmaceuticals Inc sell a cholesterol drug Amgen Inc has been trying to block on patent infringement grounds, according to lawyers and analysts who attended oral arguments in the case. Paul Clement, a lawyer for Regeneron and Sanofi, urged the U.S. Court of Appeals for the Federal Circuit to...Read More
* TSX up 54.78 points, or 0.36 pct, to 15,464.56* Four of the TSX's 10 main industry groups were up* Materials up 3.4 pct, energy stocks up 1.4 pct By Solarina HoTORONTO, June 6 (Reuters) - Canada's benchmark stock index rose on Tuesday as a surge in oil and gold prices sent energy and mining companies rallying.The Toronto Stock Exchange's S&P/TSX composite index rose 54.78 points, or 0.36 percen...Read More
(Adds finance minister comment, background, details)WELLINGTON, June 7 (Reuters) - The Reserve Bank of New Zealand on Wednesday said it had renewed its policy target agreement with the finance minister for the six-month period after Governor Graeme Wheeler steps down in September. The agreement, unchanged from the last one, signed in 2012, left the central bank's target for consumer price inflati...Read More
WELLINGTON, June 7 (Reuters) - The Reserve Bank of New Zealand on Wednesday said it had renewed its policy target agreement with the finance minister for the six-month period after Governor Graeme Wheeler steps down in September. The agreement, unchanged from the last one, signed in 2012, left the central bank's target for consumer price inflation between 1 and 3 percent on average over the medium...Read More
TORONTO, June 6 (Reuters) - Canada's main stock index ended higher on Tuesday, carried by energy and materials companies that surged on the back of higher oil and gold prices.The Toronto Stock Exchange's S&P/TSX composite index finished up 54.78 points, or 0.36 percent, at 15,464.56.Half of the index's 10 main groups advanced. (Reporting by Solarina Ho; Editing by Dan Grebler) Disclaimer: The vie...Read More
* Dollar sinks below 110 yen for first time in six weeks* Three "risk events" due on Thursday* Graphic: World FX rates in 2017 (Updates prices, market activity and comments to U.S. afternoon trading)By Saqib Iqbal AhmedNEW YORK, June 6 (Reuters) - The dollar weakened to a more than six-week low against the yen on Tuesday, dipping below a key technical level as Treasury debt yields slipped on incre...Read More
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