(Kitco News) - Gold prices have quickly lost modest gains that occurred in theaftermath of the U.S. jobs report. The U.S. dollar index has pushed to solidlyhigher levels on the day. It appears that traders read the U.S. jobs report asinitially downbeat, as the non-farm payrolls rise of 164,000 in April did notmeet expectations for a gain of 195,000. However, the overall U.S. unemployment rate fell...Read More

US enriched uranium supplier Centrus Energy Corporation has signed a long-term agreement with French company Orano to provide it with separative work units (SWU) from 2020.The agreement was signed on 27 April and will further expand Centrus' enrichment supply base to support customer requirements, the Bethesda, Maryland-based company said yesterday. It will see Orano, operator of the 7.5 million S...Read More

As apossible near-term scenario mentioned in this column last week, the gold price has indeed been solddown to the $1300 level this week while the surging U.S. dollar has reached the92 region on the Cash Settle Index. Although the GDX has done a yoeman job ofkeeping one step ahead of both gold and U.S. equities since early February,there are clear signals the $1300 - $1365 three-month range in gol...Read More

Tahoe Resources Inc. (TSX: THO;NYSE: TAHO) saysa labor strike at its La Arena gold mine in Peru has been resolved. Thestrike began April 20. Tahoe says “it was agreed by allparties that operations at La Arena should resume as soon as possible, as thisis in the best interest of all stakeholders.” Tahoe says it anticipates that operationswill reach normal levels within the next 48 h...Read More

A laser-cutting robotic snake has been deployed on the highly-radioactive core of the redundant Dragon reactor at Winfrith in the UK. Meanwhile, machine learning algorithms to increase capabilities in several crucial areas of nuclear robotics - including waste handling, cell decommissioning and site monitoring with mobile robots - are to be created by a team of computer scientists from the Univers...Read More

An overview of the battery raw materials markets and their price moves from the past week. Read More

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

Holdings of gold by exchange-traded funds have fallen in recentdays after rising during April, points out Commerzbank. The ETFs trade like astock but track the price of the commodity, with metal put into storage to backthe shares. “The gold ETFs tracked by Bloomberg haverecorded outflows of 10.5 tonnes so far this week,” Commerzbank says. “Holdingswere topped up by 60 tonnes in A...Read More

Thursday saw a rally in themetals; however, both gold and silver made their highs early in the morning andspent the rest of the day selling off. Gold remains weak as it battles at the $1,310level. Silver is still stronger than gold and the trade is long silver, shortgold.Today is jobs Friday and promisesto move the metals in a big way, with the direction to be determined. Based onpast jobs numbers...Read More

Base metals on the London Metal Exchange ended the week on a high at the close of trading on Friday May 4, with aluminium's three-month price rocketing 3.5% over the day. The light metal found support during the afternoon, rebounding to a high of $2,367.50 per tonne. Aluminium's cash/three-month spread moved from a backwardation of $1 per tonne earlier in the day, to $20.50b per tonne by clos...Read More

Here Are 4 Hot Things to Know About Stocks Right Now The U.S. added 164,000 jobs in April, lower than economists' forecasts. The unemployment rate last month fell to 3.9% from 4.1%. Apple Inc. (AAPL)  closed at an all-time high of $183.83 on Friday.Shares of Alibaba Group Holding Ltd. (BABA)   rose 3.4% after the Chinese e-commerce giant posted quarterly earnings and revenue toppe...Read More

Bob Moriarty ArchivesMay 4, 2018In 2014 my favorite gold junior, Novo Resources, did a deal on a small project in Nevada named Tuscarora with some barn burning historic results. Naturally since the main focus was on Western Australia in 2016 when Novo announcedhigh-grade bonanza results such as 143.5 g/t over 1.52 meters, the market only yawned.Novo didn’t pay much for the project and since...Read More

Last week's delivery of more than 60,000 tonnes of zinc into Antwerp's LME-listed warehouses, the largest single inflow since May 2013, has sent the zinc price spiralling lower to fresh 2018 troughs.Zinc's three-month price dropped 1.2% to a low of $2,970 per tonne during morning trading on Friday May 4, and finished the day 2.7% higher at $3,055 per tonne.Yet in response to the spike in inventori...Read More

WASHINGTON (Reuters) - The Federal Reserve should continue to raise interest rates in a gradual way and there appears to be no abrupt rise in inflation on the horizon even as price gains have moved toward the central bank’s target, San Francisco Fed President John Williams said on Friday.Williams, who in June is set to become the head of the New York Fed, seen as the second-most influential...Read More

An overview of the battery raw materials markets and their price moves from the past week. Read More

Adam HamiltonArchivesMay 04, 2018 Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts. But its nice advance has crumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Index futures. The surging USDX motivated gold-futures speculators to flee rather aggressively. But this will likely prove a short-lived a...Read More

NEW YORK (Reuters) - New York Federal Reserve President William Dudley said on Friday the U.S. economy is on a solid footing with inflation closing in on the central bank’s 2-percent goal, though he was not yet ready to “declare victory” on inflation.“The U.S. economic outlook looks pretty good,” he said at an event “The Financial Tumult of Our Times” spon...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsKorea Zinc, the world's largest custom zinc smelter by volume, has agreed to annual zinc concentrate supply contracts based on the treatment charges (TCs) set between Teck Resources and European smelters, Metal Bulletin understands.South Africa and New Zealand's non-exemption from the...Read More

CloseGain/LossOn WeekGold $1314.00+$2.60-0.73%Silver$16.50+$0.08-0.12%XAU82.40+0.03%-0.64%HUI181.39+0.04%-0.36%GDM632.56+0.19%-0.25%JSE Gold1115.06-31.19+1.77%USD92.60+0.14+1.19%Euro119.57-0.33-1.41%Yen91.73+0.17-0.02%Oil$69.72+$1.29+2.38%10-Year2.945%-0.001-0.47%Bond143.53125-0.03125+0.24%Dow24262.51+1.39%-0.20%Nasdaq7209.62+1.71%+1.26%S&P2663.42+1.28%-0.24% The Metals: Gold dipped $2.90...Read More

PALO ALTO, Calif. (Reuters) - The Federal Reserve should raise interest rates twice more this year, though upside potential from tax cuts and new government spending and a “rosy” economic outlook could require a bit more tightening, Atlanta Fed President Raphael Bostic said on Friday.“I’m pretty firmly a three,” Bostic told Reuters in an interview on the sidelines of...Read More