Gold is experiencing a modest rally today, with June futures currently trading up eight dollars at $1,313.60. This follows yesterday’s exciting move in which gold prices ticked up $10 within 30 minutes of the conclusion of the FOMC statement released by the Federal Reserve. These gains could not be sustained as prices moved back to unchanged by the closing bell.As anticipated, the Federal Re...Read More

(Kitco News)- Althoughinterest rates are expected to move higher in June, one fund manager said thatthe currency environment is still positive for gold as the Federal Reserve hasno intention of getting in front of inflation pressures.Forgold investors, the key phrase from the Fed’s statement on Wednesday shouldhave been: “Inflation on a 12-month basis is expected to run near theCommitt...Read More

Mr. Sean Roosen reportsOSISKO REPORTS FIRST QUARTER 2018 RESULTSOsisko Gold Royalties Ltd. has released its consolidated financial results for the first quarter ended March 31, 2018, and an update on matters following quarter-end. Highlights:Earned 20,036 gold equivalent ounces (1) (GEOs), in line with the 2018 annual guidance of 77,500 GEOs to 82,500 GEOs;Generated cash flow from operating activi...Read More

Mr. Nelson Baker reportsMINERAL MOUNTAIN CONFIRMS PROOF OF CONCEPT IN THE HOMESTAKE GOLD BELTMineral Mountain Resources Ltd. and its subsidiary, Mineral Mountain Resources (SD) Inc., have received the analytical results for the initial three of the planned 12 NQ diamond drill holes --ST18-001, ST18-002 and ST18-003 -- totalling 1,322 metres on the company's Standby mine target in the Rochford dist...Read More

Mr. Vincent Metcalfe reportsOSISKO DECLARES 15TH CONSECUTIVE QUARTERLY DIVIDENDOsisko Gold Royalties Ltd. has declared a second quarter 2018 dividend of five cents per common share. The dividend will be paid on July 16, 2018, to shareholders of record as of the close of business on June 29, 2018.For shareholders residing in the United States, the U.S.-dollar equivalent will be determined based on...Read More

Michael Martina, Tom DalyBEIJING (Reuters) - U.S. President Donald Trump on Thursday praised his relationship with Chinese President Xi Jinping as officials from the world’s two largest economies began trade talks in Beijing, while state media said China would stand up to U.S. bullying.A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely du...Read More

Mr. Antonio Berlanga reportsTELSON ISSUES TAHUEHUETO Q1 2018 PREPRODUCTION RESULTS FOR MINING, CONCENTRATE PRODUCTION & METALLURGICAL BALANCESTelson Mining Corp. has provided the results of first quarter 2018 preproduction toll milling at its 100-per-cent-owned Tahuehueto mine development project located in Durango, Mexico. Preproduction toll milling from Tahuehueto processed 9,503 tonnes of o...Read More

ReutersWorkers pack and ship customer orders at the 750,000-square-foot Amazon warehouse on August 1, 2017 in Romeoville, Ill. The numbers: The Institute for Supply Management said its nonmanufacturing index fell to a four-month in April to a reading of 56.8%, down from 58.8% in March. The index has fallen three months in a row after hitting a cycle high in January. Any reading above 50% indi...Read More

(Kitco News) - Gold prices aremoderately up in early-afternoon U.S. trading Thursday, on some bargain huntingin the cash market and on short covering in the futures market. A slightlyweaker U.S. dollar index and modestly lower U.S. stock indexes today are alsoslightly supporting the precious metals markets. June Comex gold futures werelast up $7.60 an ounce at $1,313.30. July Comex silver was last...Read More

Here Are 3 Hot Things to Know About Stocks Right Now Tesla Inc. (TSLA) shares fell 5.5% following CEO Elon Musk's bizarre conference call following the release of the electric carmaker's first-quarter earnings on Wednesday.The Dow Jones Industrial Average rose slightly after four straight days of losses.At one point Thursday, the Nasdaq traded below 7,000 for the first time since early April. It...Read More

(Kitco News)- Thegold market is seeing little reaction to disappointing economic data that showsmomentum in the service sector fading, according to the latest report from theInstitute for Supply management (ISM).Tuesday,the ISM said its non-manufacturing index showed a reading of 56.8% for April,down from March's reading of 58.8%. The data was weaker than expected asconsensus forecasts were callin...Read More

Base metals on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc breaking below $3,000 per tonne and diving to its lowest point since August 2017. Zinc kept steady early in the day but took a 1.3% drop prior to the close after spending much of the week consolidating around the $3,050-$3,100-per-tonne mark.A delivery of more than 60,000 tonnes was ship...Read More

Mr. Sean Roosen reportsOSISKO REPORTS FIRST QUARTER 2018 RESULTSOsisko Gold Royalties Ltd. has released its consolidated financial results for the first quarter ended March 31, 2018, and an update on matters following quarter-end. Highlights:Earned 20,036 gold equivalent ounces (1) (GEOs), in line with the 2018 annual guidance of 77,500 GEOs to 82,500 GEOs;Generated cash flow from operating activi...Read More

(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More

Nyrstar's earnings before interest, taxes, depreciation, and amortization (Ebitda) for the first quarter of 2018 fell by ?,?3 million ($3.6 billion) or 5.5% year on year to ?,?54 million, the company said on Thursday May 3. Despite benefitting from a 23% increase in zinc prices, after London Metal Exchange prices rallied to a high of $3,259 per tonne, and ramp-up of the Middle Tennessee Mines, Nyr...Read More

Mr. Vincent Metcalfe reportsOSISKO DECLARES 15TH CONSECUTIVE QUARTERLY DIVIDENDOsisko Gold Royalties Ltd. has declared a second quarter 2018 dividend of five cents per common share. The dividend will be paid on July 16, 2018, to shareholders of record as of the close of business on June 29, 2018.For shareholders residing in the United States, the U.S.-dollar equivalent will be determined based on...Read More

(Kitco News) - Gold demand is off to a slowstart in 2018, as first-quarter results from the World Gold Council (WGC)revealed the lowest level in 10 years.Gold demand dropped 7% year-on-year in the first quarter to 973 tonnes - a level last seen inthe first quarter of 2008, the WGC said in its Gold Demand Trends report thatwas released on Thursday. The WGC blamed poor gold-bardemand as well as disi...Read More

(Kitco News)- The Federal Reserve acted in line with our expectations,leaving rates unchanged and suggesting a less hawkish outlook. The wordingsurrounding the Fed’s inflation target was the focus. The Fed officials’ dialogue suggested that inflationtargets were nearing their levels but as long as inflation was around 2% on a“symmetrical” basis, they would continue to raise...Read More

Overall global gold demand fell to its lowest first-quarter level since 2008, driven by a slump in demand for gold bars and exchange-traded funds backed by the precious metal, according to a report from the World Gold Council released Thursday. Total gold investment demand fell to 973 metric tons in the first quarter, down 7% from 1,047 metric tons in the first quarter of 2017, the WGC reported....Read More

Beginning in 2019, mandatory contributions by Canadian workers to the Canada Pension Plan (CPP) will increase, step by step, over seven years. While the expansion of the CPP may be well intentioned, it will result in several unintended consequences. One consequence is a reduction in the amount that Canadians save voluntarily in their private accounts such as RRSPs and TFSAs. Previous research has...Read More