(Reuters) - Apple Inc (AAPL.O) on Tuesday is expected to unveil updates to its Mac computers and iPads that include facial recognition features that have been available in the iPhone lineup at an event in Brooklyn.Analysts expect a new versions of Apple’s iPad Pro, its higher-end tablet computer that competes with the Microsoft Surface, with thinner bezels and more screen space, along with t...Read More
Guyana Goldfields Inc. (TSX: GUY) reports a net loss for the third quarterand downgraded its full-year production guidance, explaining that grades have not rebounded as quickly asanticipated in the fourth quarter. The net loss for thethird quarter was $2.2 million, or a penny per share, which officials says wasinfluenced by increased deferred tax expense and management restructuringcharges. In the...Read More
(Reuters) - General Electric Co (GE.N) slashed its quarterly dividend to just 1 cent per share and said it would split its power unit into two businesses as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.GE made an expensive bet on fossil fuels with a pricy 2015 acquisition and is still working to cut debt and revive its sagging stock price. Its revenues...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried buying Centerra's Kumtor mine in the Kyrgyz Republic, has agreed to acquire Kapan gold mine in Armenia from Polymetal, one of Russia's largest gold and silver producers.The $55 million deal is part of Chaarat's intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which it aims to rea...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried buying Centerra's Kumtor mine in the Kyrgyz Republic, has agreed to acquire Kapan gold mine in Armenia from Polymetal, one of Russia's largest gold and silver producers.The $55 million deal is part of Chaarat's intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which it aims to rea...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried buying Centerra's Kumtor mine in the Kyrgyz Republic, has agreed to acquire Kapan gold mine in Armenia from Polymetal, one of Russia's largest gold and silver producers.The $55 million deal is part of Chaarat's intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which it aims to rea...Read More
Gold spot ($) Under pressure. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1230.50 Our preference Short positions below 1230.50 with targets at 1226.00 & 1224.00 in extension. Alternative scenarioAbove 1230.50 look for further upside with 1233.50 & 1235.50 as targets. Comment The RSI advocates for further decline. Silver spot ($)...Read More
FRANKFURT, Oct 30 (Reuters) - Soured credit, cybercrime and the escalation of political uncertainty around the globe are likely to be the biggest risks for banks in the euro zone next year, the European Central Bank said in a risk assessment exercise on Tuesday.“The three most prominent risk drivers affecting the euro area banking system are: geopolitical uncertainties, the stock of non-perf...Read More
BRUSSELS (Reuters) - The euro zone grew much less than expected in the third quarter and economic confidence continued to fall, official estimates showed on Tuesday, as signs of distress became more evident in Italy, the bloc’s third biggest economy.The European statistics office Eurostat said economic growth in the 19 countries sharing the euro slowed to 0.2 percent in the third quarter aga...Read More
BERLIN, Oct 30 (Reuters) - Inflation in Germany's most populous regions accelerated in October to reach the highest level in many years, data showed on Tuesday, adding weight to the European Central Bank's case for gradually winding down its unprecedented monetary stimulus.With price pressures building in the euro zone, the ECB last week confirmed its plan to end its 2.6 trillion euro bond-buying...Read More
BERLIN (Reuters) - Germany’s jobless total fell in October and employment hit a record high in September, data showed on Tuesday, underlining the strength of a labor market that is supporting a consumer-led upswing in Europe’s largest economy.The Federal Labour Office said the seasonally adjusted jobless total fell by 11,000 to 2.292 million, slightly below the predicted drop of 12,000...Read More
BOSTON, Oct 29 (Reuters) - The London Bullion Market Association (LBMA) will begin publishing data on November 20 that will provide the most accurate picture yet of the size of London's gold trade, its chief executive said on Monday.London is the world's largest gold market but because most transactions are done bilaterally between banks, brokers and traders reluctant to reveal their activity, its...Read More
SHANGHAI (Reuters) - U.S. President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn’t possible.“I think that we will make a great deal with China and it has to be great, because they’ve drained our country,” Trump told FOX News Channel’s...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
Gold was once again rejected atthe $1,240 level, as it tried to break above Wednesday and Thursday only tofail. Gold now looks like it's headed back to the $1,220 support level, whichis consistent with the consolidation pattern that it has been trading in forthe past three weeks.The action, although frustrating,is congestion and often looks to be only a resting spot before gold breaks outto the ne...Read More
Mr. Dan Stuartof Juggernaut reports DSM SYNDICATE DISCOVERS SECOND HIGH GRADE ZONE ON GOLDSTAR PROPERTY WITH SAMPLES UP TO 20.6 GRAMS PER TONNE GOLD AND 761 GRAMS PER TONNE SILVER REMAINS OPENJuggernaut Exploration Ltd. andGoliath Resources Ltd. have released channel, chip and grab sample assay results from the Gold Star property at the newly discovered 190-metre-long Goldilocks quartz vein stockw...Read More
Mr. Dan Stuartof Juggernaut reports DSM SYNDICATE DISCOVERS SECOND HIGH GRADE ZONE ON GOLDSTAR PROPERTY WITH SAMPLES UP TO 20.6 GRAMS PER TONNE GOLD AND 761 GRAMS PER TONNE SILVER REMAINS OPENJuggernaut Exploration Ltd. andGoliath Resources Ltd. have released channel, chip and grab sample assay results from the Gold Star property at the newly discovered 190-metre-long Goldilocks quartz vein stockw...Read More
* Euro zone GDP weaker than expected in Q3, sentiment sours * Fears of more U.S. tariffs on Chinese goods help dollar * Yuan slides to decade low on economic slowdown fears * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Oct 30 (Reuters) - The dollar hit a new 2 1/2-monthhigh on Tuesday, supported by worries about an escalation of theSino-U.S. trade w...Read More
BOSTON -(Kitco News)- While gold investors havelamented the lackluster price action as a sign that nobody cares about theyellow metal, the world’s most liquid gold marketssaid that perception is the farthest thing from the truth.Young-Jin Chang, global head of metals at CME GroupIn an interview with Kitco Newson the sidelines of the 2018 London Bullion Market Association annual PreciousMeta...Read More
BOSTON -(Kitco News) - While gold investors have lamented the lackluster price action as a sign that nobody cares about the yellow metal, the world’s most liquid gold markets said that perception is the farthest thing from the truth. Young-Jin Chang, global head of metals at CME Group In an interview with Kitco News on the sidelines of the 2018 London Bullion Market Association annual P...Read More