SHANGHAI (Reuters) - China's yuan closed at its weakest in over a decade on Monday, losing 0.16 percent to end the domestic session at 6.9560 per dollar CNY=CFXS, stirring speculation over whether the central bank will tolerate a slide beyond the key level of 7 per dollar.Broad dollar strength, as concerns swirl over risks of a global economic slowdown, was the main influence in the currency mark...Read More
NEW YORK (Reuters) - Three former London-based currency traders were found not guilty on Friday of U.S. charges that they schemed to rig benchmark exchange rates, the latest verdict to emerge from a U.S. probe into the multitrillion-dollar foreign exchange market.Chris Ashton, Rohan Ramchandani and Richard Usher, who worked at Barclays Plc, Citigroup Inc and JPMorgan Chase & Co, respectively,...Read More
(Kitco News) - Gold prices remained slightly softer, moving little after the government reported U.S.personal spending rose 0.4% in September, while the core personal consumption priceindex rose 0.2%. Spot gold was last down $2.60 to $1,230.20 an ounce. The governmentalso reported that income also rose by 0.2% in September. Ahead oftime, most consensus forecasts compiled by news organizations call...Read More
(Kitco News) - Gold prices remained slightly softer, moving little after the government reported U.S. personal spending rose 0.4% in September, while the core personal consumption price index rose 0.2%. Spot gold was last down $2.60 to $1,230.20 an ounce. The government also reported that income also rose by 0.2% in September. Ahead of time, most consensus forecasts compiled by news organizations...Read More
I started scrolling throughthe pieces and they are edgy cool and current. (Kitco News)- I vividly remember during asummer vacation when I swapped with a best friend of the moment, my goldbracelet for a silver one. I thought a bracelet, was a bracelet - a gesture offriendship.Only until I got home and sharedthe news, did I learn (or more like, I was scolded) -- on how in the worldcould I swap gold...Read More
I started scrolling through the pieces and they are edgy cool and current. (Kitco News) - I vividly remember during a summer vacation when I swapped with a best friend of the moment, my gold bracelet for a silver one. I thought a bracelet, was a bracelet - a gesture of friendship. Only until I got home and shared the news, did I learn (or more like, I was scolded) -- on how in the world could I...Read More
(Kitco News) - Gold prices aremodestly down in early U.S. trading Monday, on a normal corrective pullbackthat saw prices hit a more-than-three-month high on Friday. A firmer U.S.dollar index to start the trading week is also working against the preciousmetals market bulls. December gold futures were last down $3.50 an ounce at $1,232.30.December Comex silver was last up $0.015 at $14.72 an ounce....Read More
Gold’s near-term fortunes may well hingeon U.S. equities, says INTL FCStone. The metal closed higher last week for thefourth straight week for the longest such winning streak since January, thefirm points out. Meanwhile, stocks were on pace for their worst monthly declinein October in eight years, although the futures market is pointing to a higheropen for equities on Wall Street Monday morn...Read More
Gold’s near-term fortunes may well hinge on U.S. equities, says INTL FCStone. The metal closed higher last week for the fourth straight week for the longest such winning streak since January, the firm points out. Meanwhile, stocks were on pace for their worst monthly decline in October in eight years, although the futures market is pointing to a higher open for equities on Wall Street Monday...Read More
"Where will global growth come from in the next five years? https://t.co/dGkhQ90Rg4"Read full newsRead 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
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
* Euro falls briefly on Merkel report * Dollar near 10-week high * Major currencies stick to tight ranges * Yen strengthens as investors seek safety from equitylosses * Graphic: World FX rates in 2018 (Recasts with Merkel report, adds quote, updates prices)By Tom FinnLONDON, Oct 29 (Reuters) - The euro briefly weakened onMonday after a report that German Chancellor Angela Merkel willnot seek re-el...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel told leaders of her conservatives on Monday that she will not seek re-election as party chairwoman, senior party sources said, heralding the end of a 13-year era in which she has dominated European politics.Merkel, 64, has been chairwoman of her conservative Christian Democrats (CDU) since 2000 and chancellor since 2005. Party sources said Merkel...Read More
According to the latest Reuters poll, analysts and traders have made downwards revisions to their average gold price forecasts for this year and 2019, in response to the August sell-off to 19-month lows. Key Findings: “Spot gold will average $1,273 an ounce in 2018 and $1,300 in 2019, according to the poll of 39 analysts and traders conducted this month. That compares with predictions in a s...Read More
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba.The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500-metre drill program marks the first drill program on the property in over 70 years.In a press release...Read More
(Recasts and updates with closing prices)By Pratima DesaiLONDON, Oct 29 (Reuters) - Copper prices steadied on Mondaywith support from shortages created by tumbling inventories onthe London Metal Exchange countering concern over growth anddemand because of the U.S.-China trade dispute.Benchmark copper on the LME ended unchanged at$6,160 a tonne, having touched a session high of $6,240."Copper...Read More
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba.The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500-metre drill program marks the first drill program on the property in over 70 years.In a press release...Read More
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba.The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500-metre drill program marks the first drill program on the property in over 70 years.In a press release...Read More
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba.The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500-metre drill program marks the first drill program on the property in over 70 years.In a press release...Read More