(Kitco News) - Following impressive post-Fed gold gains on Wednesday, the precious metal has a chance to break out of its narrow trading range on the upside, said chief economist at ABC Bullion.The yellow metal followed a well-learned trading pattern after the Federal Reserve’s decision to raise rates by 25 basis points to a range between 1.50% and 1.75%, Jordan Eliseo told Kitco News on Thu...Read More

Stainless steel prices in East Asia remained in a downward trend over the past week amid soft demand and a softening of the nickel market. Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed CRC was $2,170-2,250 per tonne cif East Asian ports for the week ended Wednesday March 21, narrowing downward by $10 per tonne from $2,170-2,260 per tonne cif a week earlier. Metal Bu...Read More

RAPAPORT...Blue Nile has appointed Katie Zimmerman as chiefmerchandising officer, a role that entails overseeing bridal and fashionjewelry. "Katie brings a unique eye and thoughtful analysis tomerchandising," said CEO Jason Goldberger, to whom Zimmerman will report. "Herskill set is critical to unlocking the sourcing, assortment and sales wins thatwill further Blue Nile's position as the industry...Read More

Daniel Rabie, chief executive of AIM-listed GetBusy Plc (LON:GETB) tells Proactive about its innovative document managing software for accounting firms and the successful year it had. "Our subscription rate grew 23%, we created operating leverage of 34% and opened some really exciting growth channels.""We had a really great first year and we are proud of the results", said Rabie.  Meet A...Read More

(Kitco News) - Gold prices are going up this year and the U.S. dollar will be the yellow metal’s primary driver, said one precious metals expert.“Which way the dollar moves … will be key for gold,” partner at Vertical Research Michael Dudas told CNBC on Wednesday. “[The U.S. dollar] has been the most important pressure on gold prices that we witnessed over the last f...Read More

Editor's Note: Updating earlier story to include more details from report(Kitco News) - Gold prices showed little reaction - holding onto earlier gains - after a LaborDepartment report Thursday showing that initial weekly U.S. jobless claims roseby 3,000 to a seasonally adjusted 229,000 in the week to Saturday.Consensusexpectations compiled by most news organizations called for initial claims...Read More

RAPAPORT... Carol Pennelli has been appointed president of US-basedluxury jeweler David Yurman, where she will be responsible for everything exceptdesign and creative functions, the company said Tuesday. Pennelli (pictured) has worked at David Yurman for 15 years, mostrecently as chief commercial officer. "Carol has been critical to our business's growth across allcommerce points, and ha...Read More

SHANGHAI, Mar 22 (SMM) – Nonferrous metals futures registered gains for the most part on Thursday March 22 except for SHFE nickel which closed slightly lower. SHFE lead gained 3%, zinc rose 1.6% and copper climbed close to 1%.The ferrous complex was weaker as iron ore saw a narrower rise of 1%. Coke edged up but coking coal fell close to 2%. Hot-rolled coil dipped almost 1% an...Read More

SHANGHAI, Mar 22 (SMM) – Nonferrous metals futures registered gains for the most part on Thursday March 22 except for SHFE nickel which closed slightly lower. SHFE lead gained 3%, zinc rose 1.6% and copper climbed close to 1%.The ferrous complex was weaker as iron ore saw a narrower rise of 1%. Coke edged up but coking coal fell close to 2%. Hot-rolled coil dipped almost 1% an...Read More

SHANGHAI, Mar 22 (SMM) – Nonferrous metals futures registered gains for the most part on Thursday March 22 except for SHFE nickel which closed slightly lower. SHFE lead gained 3%, zinc rose 1.6% and copper climbed close to 1%.The ferrous complex was weaker as iron ore saw a narrower rise of 1%. Coke edged up but coking coal fell close to 2%. Hot-rolled coil dipped almost 1% an...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade. Investors are responding to reports that the U.S. government will impose tariffs against Chinese goods valued at $50 billion. U.S. equity index futures were virtually unchanged following release of the Weekly Jobless Claims report at 8:30 AM EDT. Consensus was 225,000 versus 226,000 las...Read More

(Kitco News) - A weight has been lifted from the gold market after the Federal Reserve signaled Wednesday that it is in no hurry to raise rates faster than it was already expecting this year, according to one gold analyst.In a telephone interview with Kitco News, George Milling-Stanley, head of gold investments at State Street Global Advisors said that he now expects gold prices to eventually rete...Read More

Eira Thomas, chief executive and co-founder of Lucara Diamonds (TSE:LUC), tells Proactive that recent blockchain purchase Clara Diamonds will modernise the way that rough diamonds are sold. She explained: "Clara could be very lucrative for us in the longer term, and could be a significant revenue generator for us going out several years."Clara should be selling rough diamonds on its platform...Read More

GENEVA (Reuters) - China is preparing a range of responses to planned U.S. tariffs and will stand up to protectionism, but still hopes for dialogue, Beijing’s ambassador to the World Trade Organization (WTO) said on Thursday.Zhang Xiangchen said China was considering a WTO complaint against the package of tariffs that President Donald Trump was expected to announce later on Thursday.“T...Read More

RAPAPORT... Alrosa has launched a device that can identify both syntheticdiamonds and other imitations, the miner said Wednesday. The Alrosa Diamond Inspector analyzes individual stones, aswell as mounted jewelry, and can distinguish natural polished diamonds from treatedstones, synthetics, and simulants such as cubic zirconia and moissanite. "One of the main competitive advantages...is the use of...Read More

This week, the S&P 500 continued to decline with 3 days of losses. The index closed Thursday at its lowest yet of the week and fell 3.77% from this time last week. It is down 1.93% YTD and is 8.0% below its record close.The US Treasury puts the closing yield on the 10-year note at 2.83%.Here is a daily chart of the S&P 500. Today's selling puts the volume at its 50-day moving average.Here'...Read More

SHANGHAI, Mar 22 (SMM) – China's aluminium industry is likely to take a greater hit than the steel industry as a result of the US' recent tariffs on steel and aluminium imports, said director and top economist at the Rushi Advanced Institute of Finance, Guan Qingyou.He made the statement as Chinese aluminium accounted for 16.6% of the US' aluminium import...Read More

SHANGHAI, Mar 22 (SMM) – China's aluminium industry is likely to take a greater hit than the steel industry as a result of the US' recent tariffs on steel and aluminium imports, said director and top economist at the Rushi Advanced Institute of Finance, Guan Qingyou.He made the statement as Chinese aluminium accounted for 16.6% of the US' aluminium import...Read More

SHANGHAI, Mar 22 (SMM) – China's aluminium industry is likely to take a greater hit than the steel industry as a result of the US' recent tariffs on steel and aluminium imports, said director and top economist at the Rushi Advanced Institute of Finance, Guan Qingyou.He made the statement as Chinese aluminium accounted for 16.6% of the US' aluminium import...Read More

BERLIN (Reuters) - U.S. Trade Representative Robert Lighthizer told U.S. lawmakers that the European Union would be exempted from planned import tariffs on steel and aluminum, German news agency dpa reported on Thursday.Reporting by Michael Nienaber; Editing by Paul Carrel Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The au...Read More