(Kitco News)- Growing fears of an intensifying trade war and weakeconomic data continue to pressure risk assets, pushing gold and silver prices higher. Looking ahead, in an email statement to Kitco News,Lukman Otunuga, research analyst at FXTM, said that he sees a potential forgold to continue to trend higher in the near-term, with $1,340 an ounce,representing a critical barrier for the yellow met...Read More

(Kitco News)- After four weeks of selling,hedge funds jumped back into the gold market and pushed prices to a 5.5-weekhigh, according to the latest trade data from the Commodity Futures TradingCommission.The CFTC’s disaggregatedCommitments of Traders report for the week ending March 27 showed moneymanagers increased their speculative gross long positions in Comex gold futures by 34,928 contr...Read More

Editor's Note: The article was updated to reflect higher gold prices in delayed reaction to the data.(Kitco News)-In delayed reaction, the gold market is pushing to session highs, after sentiment in the manufacturing sector fell in March, according to the last data from the Institute for Supply Management (ISM).Monday, the ISM said its manufacturing index showed a reading of reading 59.3% for Mar...Read More

WASHINGTON (Reuters) - The Trump administration this week will unveil a list of advanced technology Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.U.S. tariffs on $50 billion to $60 billion worth of annual imports is expected to be levied on products benefitin...Read More

Source: Clive Maund for Streetwise Reports 03/31/2018Technical analyst Clive Maund takes a close look at the COT reports to see what they mean for silver and gold.It is understood that precious metals investors are getting fed up with the action in the sector, as gold and silver backed off sharply yet again from resistance last Wednesday, yet this is nothing to be concerned about as both remai...Read More

NEW YORK (Reuters) - Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a “gut feeling” given the recent price movements.“Bitcoin closed at the low of the year last week, SPX (Standard & Poor’s 500 Index) is now at the low of the year this w...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 entered correction territory on Monday, down 10% from its all-time high, and traded lower for the sixth time in eight sessions.The Nasdaq on Monday also fell into correction territory as stocks in the technology sector slumped. The tech-heavy index turned negative for the year. It has fallen in 11 of the past 15 sessi...Read More

Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading on Monday April 2, but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results.The most-traded copper contract on the SHFE was at 50,210 yuan ($7,994) per tonne as of 10.56am Shanghai time, up by 30 yuan per tonne from Frid...Read More

(Reuters) - U.S. President Donald Trump’s administration is pushing for a preliminary NAFTA deal to be announced at a summit in Peru next week and will host cabinet ministers in Washington to attempt a breakthrough, Bloomberg reported on Monday, citing people familiar with the matter.The White House wants leaders from Mexico and Canada to join in unveiling broad outlines of an updated pact a...Read More

Getty Digital currencies plunged Thursday in a market selloff that showed little sign of abating. The No. 1 digital currency, bitcoinBTCUSD, +0.66% fell below $7,500 and is trading on its intrasession low, down 9.3% at $7,200.46. Other digital currencies didn't fear much better, with many losing more than 10%. Ether dipped below $400 and was last traded at $398.47, down 11.2%, Bitcoin cash fell 1...Read More

Energy Fuels Inc (TSE:EFR, NYSE:UUUU) has marked a major milestone and moved its Alta Mesa uranium project in Texas one step further towards resuming production, it told investors.Alta Mesa is a fully permitted and constructed ISR (solution mining) uranium project in the south of the state, currently on standby status ready to resume operations.READ THE BIG PIC - Energy Fuels nudges higher as it o...Read More

Winni Zhou, Andrew GalbraithSHANGHAI/SINGAPORE (Reuters) - When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin “mules” and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from regulators’ watchful eyes.Li, a Canada-based Chinese banker in his 20s, is one of these underground traders. He buys cryptocurr...Read More

Suzanne Barlyn(Reuters) - A series of deadly mudslides along Southern California’s coast in January caused more than $421 million insured losses, the state’s insurance commissioner said on Monday.Insurers received more than 2,000 claims, including 1,415 for homes that were partially damaged and 107 for homes that were totally destroyed, said California Insurance Commissioner Dave Jones...Read More

Avi GilburtElliottWaveTrader.netPosted Apr 2, 2018In Chris Powell’s recent response tomy article, he has again done what GATA does best – massage the facts to fit their narrative.So, while GATA admittedly will be unable to tell you where the market is heading next, they certainly know how to spin what people say to try to explain why they have no clue where the market is going.So, in t...Read More

WASHINGTON (Reuters) - President Donald Trump intends to nominate Justin Muzinich, an aide to Treasury Secretary Steven Mnuchin, to be the deputy secretary of the Treasury, the White House said on Monday.It said Muzinich advises the Mnuchin on tax reform and other domestic and international policy initiatives. Before joining the Treasury Department, he was president of Muzinich & Co, an intern...Read More

Jack ChanPosted Apr 2, 2018GLD – on buy signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on buy signal.***Speculation is in bull market values.Speculation at a new low and yet prices are holding firm.This is a massive bottoming pattern four years in the making, with prices currently testing resistanc...Read More

Gold has been consolidating formonths. In fact, the entire first quarter was traded in a big range. Gold neverbroke out to the upside or broke out to the downside. There have been manyfalse starts in both directions, but each time, gold came to that key moment itreversed and went the other way.There is no end in sight for thiswide consolidation pattern, but it will break out one way or the other;...Read More

Sruthi Shankar(Reuters) - A selloff in technology majors deepened on Monday, wiping out the tech-heavy Nasdaq index’s gains for the year and pushing the benchmark S&P 500 below a closely watched technical level for the first time in nearly two months.All the 11 major S&P sectors fell, with markets also coming under pressure from renewed fears of a global trade war after China imposed...Read More

CloseGain/LossGold $1341.90+$16.00Silver$16.60+$0.26XAU82.01+1.10%HUI177.73+1.32%GDM618.75+1.06%JSE Gold1127.39-3.86USD90.01-0.05Euro123.05+0.01Yen94.51+0.46Oil$63.01$1.9310-Year2.741%-0.001T-Bond146.53125-0.09375Dow23644.19-1.90%Nasdaq6870.12-2.74%S&P2581.88-2.23% The Metals: Gold gained $18.80 to $1344.70 in early afternoon New York trade before it edged back lower into the close, but it...Read More

MOSCOW (Reuters) - A Kremlin aide said on Monday that U.S. President Donald Trump suggested the White House as the venue for a summit with Russia’s Vladimir Putin when they discussed the idea of meeting in a telephone call last month.Since that call, on March 20, preparations for a possible summit have not progressed because of a diplomatic row, the aide, Yuri Ushakov, said.“When our p...Read More