By Bruno FederowskiSAO PAULO, Jan 9 (Reuters) - Latin American currencies weakened on Tuesday as the U.S. dollar rebounded from an early 2018 sell-off that drove it to the lowest in more than three months.Emerging market currencies kicked off the year with a rally as solid economic growth figures drove investors away from the greenback and toward riskier assets.That move faded in recent days as ex...Read More

Drilling on NuLegacy Gold's Iceberg prospect on its 100%-owned Redhill property in Eureka County on the Cortez Trend in Nevada. Source: NuLegacy Gold Corp.NuLegacy Gold Corp. [NUG-TSXV; NULGF-OTCQX] released some encouraging results Tuesday January 9 from a Nevada exploration property that has been tipped as a possible gold mine of the future.Exploration on NuLegacy's wholly-owned Redhill property...Read More

Click to Enlarge.Further along the mineralized corridor, results obtained at the vein and footwall zone of the Jazmin working in 2017 yielded up to 197 g/t Ag and 1.15 g/t Au over 1.7 m. A nearby breccia in the footwall zone returned 698 g/t Ag over 2.0 m. At the northeastern end of the program area, the Little Pit returned a 3.8 m interval that averaged 477 g/t Ag and 0.41% Cu. These results repr...Read More

Turkish steel mills continued their February bookings of scrap imports from the Baltic Sea region on Tuesday January 9, with the United States market still quiet because of the heavy winter conditions.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $374 per tonne, 5,000 tonnes of bonus at $384 per tonne and 1,000 tonnes of...Read More

Gold’s technical picture remainsconstructive even though a bounce in the U.S. dollar has pressured the preciousmetal lately, says Lukman Otunuga, research analyst at FXTM. “Gold found itself underpressure during Tuesday’s trading, amid renewed market expectations of higherU.S. interest rates this year,” the analyst says. Otunuga later adds: “Althoughgold may witness f...Read More

Treasuries fall as dollar strengthens with crude oilEarnings reports set to dominate market focus this weekJonathan Golub of Credit Suisse and Deutsche Bank's Binky Chadha discuss the performance of financial stocks.U.S. stocks added to all-time highs before the start of earnings season, while the dollar got a boost from policy steps in Asia that propelled Treasury yields past 2.50 percent for the...Read More

FirstMajestic Silver Corp. (NYSE: AG;TSX: FR) says it has set another “aggressive”exploration budget for 2018, with an estimated 183,000 meters of planneddrilling across six producing mines and the Plomosas silver project. This comesafter the company completed over 156,500 meters of drilling on 807 holes, a newcompany record, during 2017. First Majestic reports a new discovery at Ermit...Read More

ROME, Jan 9 (Reuters) - The leader of Italy's anti-establishment 5-Star Movement which leads opinion polls ahead of a March 4 election said on Tuesday that pulling Italy out of the euro zone was no longer a goal of his party.5-Star has steadily rowed back on a previous commitment to hold a referendum on Italy's euro zone membership as it tries to reassure voters and investors that it can be truste...Read More

INTL FCStone has merged its London Metal Exchange and precious metals departments, with the new unit headed by Barry Canham, the company said. In an email to the company's global metals team and seen by Metal Bulletin, INTL chief executive officer (CEO) for EMEA and Asia Philip Smith said that the move was made following the decision by Malcolm Leonard to retire after 46 years working in LME metal...Read More

(Adds comments from economists, recasts first paragraph)MEXICO CITY, Jan 9 (Reuters) - Mexico's annual inflation rate climbed to a 16-1/2 year high in 2017, piling pressure on the central bank and its new governor to act again next month to rein in inflation after hiking borrowing costs at the December monetary policy meeting.Inflation stood at 6.77 percent in the year to December, the highest an...Read More

Comex copper prices weakened Tuesday January 9 morning in the US, although the complex remains well-supported due to positive Chinese and US data released in the past few weeks.Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.70 cents or 0.2% to $3.2170 per lb."We remain bullish for copper's fundamentals and the price's action seems to be supporting th...Read More

Stocks rose further into record territory on Tuesday, Jan. 9, amid optimism ahead of the start of corporate earnings season. The Dow Jones Industrial Average gained 56 points, or 0.22%, and the S&P 500 rose 0.07%. The Nasdaq turned negative, falling 0.07% after scoring an intraday record, like the Dow and S&P 500, soon after markets opened on Tuesday. The leading sector Tuesday...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Canuc (TSXV: $CDA.V) Announces Breccia Discovery Toronto, Ontario - January 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to provide an update on exploration at the San Ja...Read More

Base metals prices trading on the London Metal Exchange are generally higher this morning, Tuesday January 9, with copper ($7,159 per tonne), aluminium, nickel and zinc up by between 0.2% and 0.5%, while tin prices are little changed and lead prices are bucking the trend with a 0.3% decline to $2,598 per tonne.Volume has been average, with 7,103 lots traded as of 07.23 am London time. This follows...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Vangold Mining (TSX: $VAN.V) (OTC: $VGLDF) Initiates Underground Drill Program at El Pinguico MineTargeting Stock Pile Resource and Continuation of El Pinguico Vein Vancouver, British Columbia - January 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire)...Read More

* Dollar index hits 11-day high* Yen hits five-day high after BoJ trims buying in long-dated JGBs By Saqib Iqbal AhmedNEW YORK, Jan 9 (Reuters) - The dollar climbed against a basket of major currencies on Tuesday, recovering further from last week's decline to the lowest in more than three months, which drew bargain hunters.The dollar index , which measures the greenback against six rival currenc...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Tudor Gold (TSXV: $TUD.V) Reports 90.5m of 1.21 g/t Gold at Treaty Creek, Including 70.5m of 1.47 g/t Gold Vancouver, British Columbia - January 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Jack Chan's Weekly Precious Metals UpdateSource: Jack Chan for Streetwise Reports January 9, 2018 (Investorideas.com Newswire) Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting a falling dollar is supportive for...Read More

Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to delay their purchasing and see how the imposition of new 5% VAT regimes in both countries affects the market, sources told Metal Bulletin on Tuesday January 10.The UAE and Saudi Arabia both imposed a 5% rate of VAT with effect from January 1, 2018.The resulting confusion in the markets has seen buyers refrain from buying n...Read More

* Tens of thousands of workers stage strikes on Tuesday* Further walkouts planned for Wednesday* IG Metall demands 6 pct higher pay, right to shorter hours* Labour leader says dispute may escalate over working hours (Adds number of workers on strike, companies affected, changes dateline)By Maria SheahanFRANKFURT, Jan 9 (Reuters) - German industrial workers widened industrial action on Tuesday, wit...Read More