(Kitco News) - Gold and silver prices areslightly higher in early U.S. trading Friday. Gold prices did poke to a nearly12-month low overnight, before rebounding a bit. The precious metals aregetting a bit of a lift as the U.S. dollar index is trading solidly lower todayon a corrective pullback after hitting a 12-month high on Thursday. Augustgold futures were last up $1.70 an ounce at $1,252.80. J...Read More
I have justreturned from the annual Yukon Mining Alliance (YMA) Investment & Media Tour with a deeper understanding of the geologic historyin the westernmost of Canada's three federal territories. Each year the YMAinvites a select group of both industry professionals and resource investors ona 6-day whirlwind tour of numerous mine site camps throughout the region. Theschedule and logistics of...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Friday but gave up most gains as bank stocks faltered.JPMorgan Chase & Co. (JPM) ended lower, while Citigroup Inc. (C) gained after the Federal Reserve didn't object to the banks' capital-distribution proposals.Nike Inc. (NKE) jumped 11.4% after its earnings and...Read More
Non-electric applications powered by nuclear energy offer increased energy efficiency and represent sustainable solutions for a number of energy challenges current and future generations will have to face. There is growing interest in increasing nuclear energy efficiency by using heat and other forms of energy generated by nuclear power plants as a by-product for seawater desalination, hydrogen pr...Read More
What's it going to take for gold market timers to throw in the towel and turn solidly bearish? I ask because, even though gold GCQ8, +0.26% has been performing dismally, the typical gold timer I monitor has become only mildly bearish. According to contrarian analysis, a low-risk buying opportunity won't come until gold timers are aggressively pessimistic and despondent. So far this month, for exa...Read More
There have been some ugly periodsin history for gold and silver, but this is one of the ugliest. Neither goldnor silver can catch a bid as they both continue to take the elevator down,making new lows almost every day.Sellers meet every rally attempt,whether it's the commercials or the banks; there is a 1,000-pound gorillasitting on top of the market. The situation is starting to appear hopeless, a...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to 20 percent from 21 percent.In an excerpt of a Fox Business Network interview to be broadcast on Sunday, Trump said: “We’re doing a phase two. We’ll be doing it probably in October, maybe a litt...Read More
(Kitco News)- Gold regained the $1,250 level overnight primarily as aresult of a weaker dollar. We remain unconvinced that the dollar rebound isbased on any fundamental changes, in the short term. The trade has enjoyed astellar performance in the strengthening greenback but the move overnightsuggests traders may have taken some profits on the last trading day of thequarter to lock in good optics...Read More
Bruce Power and ITG, a subsidiary of radiopharmaceutical technology company ITM Isotopen Technologien M? 1/4 nchen (ITM), have launched a joint effort to explore the production of the medical radioisotope lutetium-177 (Lu-177) at Bruce Power's Candu reactors.ITM's Mark Harfensteller, seated at left, signs the MoU with Bruce's James Scongack, front centre. Also shown are Bruce Power's Pat Dalzell a...Read More
NEW YORK (Reuters) - The dollar slipped to a three-day low against the euro on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angela Merkel, but the currency was set to log its best quarterly performance in six quarters.European Union leaders on Friday claimed success in reaching a hard-fought agreement to control immigration even tho...Read More
WASHINGTON (Reuters) - President Donald Trump said he probably will not ask the person he nominates for a seat on the U.S. Supreme Court how they would vote on the 1973 Roe v. Wade landmark abortion ruling.In an excerpt of an interview on Fox Business Network to be aired on Sunday, Trump said: “I don’t think I’m going to be so specific.”Reporting by Eric Beech; Editing by M...Read More
WASHINGTON (Reuters) - Sticking to a pledge that Americans will be able to file tax returns on a postcard under President Donald Trump’s tax code overhaul, the U.S. Treasury Department released a new Form 1040 for individuals on Friday, but met swift Democratic criticism about its potential complexity.The Treasury and Internal Revenue Service unveiled a draft of the new form, saying it would...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
NEW YORK (Reuters) - World stocks rallied on Friday, with Wall Street opening higher and European indexes recovering from a volatile week pegged to a growing U.S.-led trade battle with other top global economies, with those concerns pushed to the backburner for now.Bank shares jumped after U.S. lenders cleared the second part of the Federal Reserve’s stress test, pushing the sector 0.88 perc...Read More
WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Friday a report by the Axios news website, that cited sources as saying President Donald Trump wanted the United States to withdraw from the World Trade Organization, was wrong.“There’s no breaking news here ... it’s not right,” Mnuchin told Fox Business Network, calling the report “fake news.”...Read More
Base metals on the London Metal Exchange were mostly higher at the close of trading on Friday June 29, ending the week on a slightly brighter note despite broad pressure from trade tensions and dollar strength. Continuing to struggle, zinc prices made a brief recovery during the day, moving back above $2,900 per tonne before drifting back toward $2,850 per tonne.The metal's three-month price made...Read More
OTTAWA (Reuters) - Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers.Foreign Minister Chrystia Freeland said the tariffs would take effect as planned on July 1 and stay in place “until the United States eliminates i...Read More
Zinc concentrate treatment charges (TC) rose to their highest level so far this year at the end of June on a cif Asia Pacific basis, while the head of the Chinese zinc association has called for a 10% cut in national production to support zinc prices and TCs. Metal Bulletin assessed zinc concentrate TCs cif Asia Pacific at $20-$40 per tonne on Friday June 29. That compares with $20-$35 per to...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
WASHINGTON (Reuters) - U.S. President Donald Trump may nominate a replacement for Supreme Court Justice Anthony Kennedy before July 10, when Trump is scheduled to depart for a trip to Europe, a White House official said on Friday.The vacancy on the Supreme Court, due to Kennedy's retirement, will allow Trump to make his second appointment of a Supreme Court justice and deepen the conservative impr...Read More