Don’t rock the boat baby, don’t tip the boat over. These lyrics by the Hues Corporation are incredibly appropriate when considering today’s statement made by the Federal Reserve following this month’s FOMC meeting. The statement indicated that they would leave interest rates as they are and maintain their projected pace to raise rates two more times this year. Collectively...Read More

Mr. Matthew Hornor reportsMAPLE GOLD REPORTS DRILL RESULTS FROM CENTRAL PORPHYRY ZONE AT DOUAY: 158.2M @ 1.25 G/T AU, INCLUDING 52 METRES @ 3.53 G/T AUMaple Gold Mines Ltd. has released additional drill results from its current winter drilling campaign at the Douay gold project. Hole DO-18-216 intersected52 metres grading 3.53 grams per tonne gold (uncut), within a broader 158.2-metre interval gra...Read More

(Kitco News)- A cautiousFederal Reserve, not anxious to raise interest rates faster than expected, isbreathing new life into the gold market as prices bounce off recent four-monthlows. As expected, the Federal Reserve kept interest rates unchanged within a range between 1.50% and 1.75%. However, cautious comments from the central bank regarding inflation pressures have been positive for the yellow...Read More

The Federal Open Market Committee held the funds rate at a target of 1.5 percent to 1.75 percent, as expected. The committee noted that "overall inflation and inflation for items other than food and energy have moved close to 2 percent." The Fed also noted some improvements in the economy, saying, "business fixed investment continued to grow strongly." Jeff Cox| @JeffCoxCNBCcom Published 7 Hours...Read More

Steve Holland, Arshad MohammedWASHINGTON (Reuters) - U.S. President Donald Trump has all but decided to withdraw from the 2015 Iran nuclear accord by May 12 but exactly how he will do so remains unclear, two White House officials and a source familiar with the administration’s internal debate said on Wednesday.There is a chance Trump might choose to keep the United States in the internationa...Read More

Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD REPORTS SOLID EARNINGS AND CASH FLOW IN FIRST QUARTER 2018, ANNOUNCES DIVIDEND INCREASEKirkland Lake Gold Ltd. has provided its financial and operating results for the first quarter of 2018. The company's full financial statements and management discussion and analysis are available on SEDAR and on the company's website. The company also announced today...Read More

(Kitco News) - Gold and silver prices moved moderately higher in the wake of a somewhat dovish FOMCstatement from the Federal Reserve Wednesday afternoon. The Fed officialssignaled they are not worried about inflationary price pressures becomingproblematic. Such suggests the U.S. central bank won't become too aggressive onraising interest rates. June Comex gold futures were last up $4.20 an ounce...Read More

Mr. Michael Allen reportsSTEP-OUT DRILLING BY NORTHERN EMPIRE DEMONSTRATES RESOURCE EXPANSION AND NEW DISCOVERY POTENTIALNorthern Empire Resources Corp. has released exploration results from drilling the Daisy and Secret Pass deposits. These are two of four deposits that the company controls and is actively exploring within the 100-per-cent-owned, 141-square-kilometre Sterling gold project in Nye...Read More

Lindsay Dunsmuir, Howard SchneiderWASHINGTON (Reuters) - The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the U.S. central bank’s 2 percent target would be sustained, leaving it on track to raise borrowing costs in June.The Fed’s rate-setting committee also downplayed a recent slowdown in economic and job growt...Read More

Swedish utility Vattenfall has signed contracts - the values of which have not been disclosed - for the supply of fuel assemblies for units at the Forsmark and Ringhals nuclear power plants. France's Framatome is to supply fuel for Forsmark 3 and Ringhals 3 and 4, while US-Spanish joint venture GNF Enusa will produce fuel for Forsmark 1 and 2.Framatome is to supply fuel to Ringhals 3 and 4 (Image:...Read More

Mr. Darin Wagner reportsBALMORAL CONTINUES TO EXPAND BUG GOLD DEPOSIT AND NEARBY HORSEFLY ZONE DOWN PLUNGEBalmoral Resources Ltd.'s initial results from the winter 2018 drill program on the company's Martiniere property in Quebec have successful extended down plunge both the South zone of the Bug gold deposit and the proximal, near-surface Horsefly gold zone.Drill holes MDE-18-324 and 325 both int...Read More

The US Department of Energy (DOE) has selected 13 projects to receive USD60 million of cost-shared R&D funding for advanced nuclear technologies, including the first awards under the US Industry Opportunities for Advanced Nuclear Technology Development initiative. Recipients include NuScale Power's small modular reactor, which has become the first SMR to complete the first phase of the US Nucl...Read More

Base metals on the London Metal Exchange were split at the close of trading on Wednesday May 2, with aluminium and nickel prices climbing more than 2%. Aluminium's three-month price made the largest gains over the afternoon, reaching a high of $2,330 per tonne and closing 2.6% higher. Despite continued volatility, the price has held above $2,200 per tonne.News today of the United States' extension...Read More

Here Are 3 Hot Things to Know About Stocks Right Now Apple Inc. (AAPL) rose nearly 5% after the iPhone maker's fiscal-second quarter earnings beat Wall Street estimates.The Federal Reserve decided to keep interest rates unchanged.The U.S. private sector added 204,000 jobs in April, according to ADP, down from 241,000 a month earlier. The official U.S. jobs report will be released on Friday....Read More

Metals market veteran Michael Hutchinson has joined the board of Switzerland-based Tiberius group as non-executive chairman, Tiberius told Metal Bulletin on Wednesday May 2. "Mike is an experienced and very successful metal man who will help us achieve our ambitious growth targets," Chris Eibl, founder and chief executive office of Tiberius, said. "He has tremendous amounts of knowledge in all are...Read More

(Kitco News)- Gold bounced nicely off strong support at the $1,302 levelyesterday, with follow-through buying as the Chinese returned from holiday. It's too early to call a bottom, as the dollar remains bid. The key level we are watching is the 1.20 euro/dollar area. Thissupport line has held for months and an overlay of gold prices to theeuro/dollar chart are in sync. Today we have the Federal Re...Read More

McClellan Financial Publications, IncPosted May 2, 2018April 26, 2018If you are a gold investor, then the one thing you want most is rising deficits.Luckily for you, Congress appears to have granted just what you want.This week’s chart compares the trailing 12-month federal deficit (as a percentage of GDP) to gold prices.The correlation is not perfect, but it is pretty good over time.The imp...Read More

The way the metals have beentrading, they shouldn't be entering any beauty contests; they have been ugly.Now that gold has broken key support of $1,310, trading down to $1,302 onTuesday, it's time for the gold bulls to buckle up. A break below $1,300 bringsthe $1,240 level back into play.Today at 2 p.m. EDT, the Fed andChair Powell will announce their decision on interest rates. There is no hikepl...Read More

Refining charges (RC) for blister copper, a substitute for copper scrap in refined production, fell in April following a drop in scrap imports into China. Metal Bulletin assessed RCs for 98-99% blister copper on a cif China basis at $225-245 per tonne on Monday April 30, down $5 month on month, with several spot deals of African tonnages settled within the range. A cif Shanghai blister copper...Read More

Exchange-traded-product investorsincreased their exposure to gold over the past week, says Standard Chartered.The products trade like a stock but track the price of the commodity, withmetal put into storage to back the shares. Gold ETP holdings rose 9 tonnes.However, investors reduced their exposure to the other precious metals,Standard Chartered points out. Silver outflows reached 343 tonnes over...Read More