(Kitco News) - Gold prices aretrading modestly down in early U.S. trading Friday, on a normal correctivepullback after scoring on Thursday the strongest daily gains in over two years.Now, the yellow metal is in a much better technical posture to suggest higherprices are likely in the coming weeks, or longer. December gold futures werelast down $2.10 an ounce at $1,225.70. December Comex silver wa...Read More
(Kitco News) - Gold prices are trading modestly down in early U.S. trading Friday, on a normal corrective pullback after scoring on Thursday the strongest daily gains in over two years. Now, the yellow metal is in a much better technical posture to suggest higher prices are likely in the coming weeks, or longer. December gold futures were last down $2.10 an ounce at $1,225.70. December Comex silv...Read More
LONDON (Reuters) - Oil edged further above $80 a barrel on Friday as a rally in equities lent support, though prices pared most of their gain after a closely watched forecaster deemed supply adequate and the outlook for demand weakening.Crude was still heading for its first weekly drop in five weeks, pressured by a big rise in U.S. inventories and fading concerns for now that looming U.S. sanction...Read More
BENGALURU (Reuters) - Indian online retailer Flipkart, owned by Walmart Inc, expects bumper sales during the annual festive season that just kicked off, as it boasts that U.S. rival Amazon Inc is losing relevance in India.Flipkart and Amazon both began their flagship annual sales in India on Wednesday, and will compete for shoppers during the October-December festive season when most big-ticket pu...Read More
(Reuters) - Wall Street indexes extended their decline on Thursday as volatility spiked and investors shunned risky investments, and Nasdaq looked like it could confirm a correction.By late afternoon the S&P was down another 2 percent after shedding 3 percent in the previous day’s session and Nasdaq was down as much as 10.3 percent from its closing record high, reached on Aug. 29. If it...Read More
BRUSSELS (Reuters) - Production at factories in the euro zone increased in August by more than forecast, reversing the negative trend of the previous two months in what could prove a boost for the bloc's economic growth in the third quarter, data released on Friday showed.The European Union statistics agency Eurostat said industry output in the 19-country currency bloc was up in August by 1.0 perc...Read More
LONDON (Reuters) - Oil markets look “adequately supplied for now” after a big production increase in the last six months, but the industry is coming under strain, the West’s energy watchdog said on Friday.The International Energy Agency said in its monthly report that the world’s spare oil production capacity was down to 2 percent of global demand, with further falls likely...Read More
* Stocks bounce pushes most euro zone bond yields up* Recovery in risk appetite benefits Italian market* IMF says Italy needs to respect EU budget rules* Moody’s to review Portugal ratings* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates with Draghi comments,)By Dhara RanasingheLONDON, Oct 12 (Reuters) - German government bonds were set for their best week since August on F...Read More
NUSA DUA, Indonesia (Reuters) - Just in case any of the global central bankers and finance ministers gathered in Indonesia missed the message delivered repeatedly this week, the host nation said it again on Friday: Everyone stands to lose if trade wars are allowed to escalate. Indonesian President Joko Widodo didn’t mention the United States or China, the world’s two largest econ...Read More
NUSA DUA, Indonesia (Reuters) - The euro zone’s continuing expansion has vindicated European Central Bank policy but risks to the outlook, from trade protectionism to the threat of a hard Brexit, are on the rise, ECB President Mario Draghi said on Friday.The ECB has been dialing back stimulus for months and expects to end a 2.6 trillion euro asset purchase scheme in December, arguing that it...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 has broken out to the upside.The big question from here is can it hold? The answer is not an easy one butthe simple fact that gold has been consolidating for months, continued to makehigher lows and finally pushed through $1,220 suggest the answer is yes.This is the time when traders andinvestors get confused about who and what they are. As a trader, if you arelong gold as a trade, you should...Read More
Gold has broken out to the upside. The big question from here is can it hold? The answer is not an easy one but the simple fact that gold has been consolidating for months, continued to make higher lows and finally pushed through $1,220 suggest the answer is yes. This is the time when traders and investors get confused about who and what they are. As a trader, if you are long gold as a trade, you...Read More
Mr. Christian Milau reportsEQUINOX GOLD CLOSES US$75 MILLION EQUITY FINANCING FOR ACQUISITION OF MESQUITE GOLD MINEFurther to the news release dated Sept. 19, 2018, announcing the company's intention to acquire the Mesquite gold mine in California, Equinox Gold Corp. has closed the brokered and non-brokered private placements of subscription receipts at a price of 95 cents per subscription receipt...Read More
Mr. Christian Milau reportsEQUINOX GOLD CLOSES US$75 MILLION EQUITY FINANCING FOR ACQUISITION OF MESQUITE GOLD MINEFurther to the news release dated Sept. 19, 2018, announcing the company's intention to acquire the Mesquite gold mine in California, Equinox Gold Corp. has closed the brokered and non-brokered private placements of subscription receipts at a price of 95 cents per subscription receipt...Read More
* Aluminium holds above band of technical support * Shanghai zinc inventories jump 48.5 pct over two weeks (Updates with closing prices)By Eric OnstadLONDON, Oct 12 (Reuters) - Aluminium rebounded on Friday,breaking a six-session losing streak, as speculators andconsumers regarded the lower prices as good value against abackground of recovering share markets.The metal touched a two-week low on Thu...Read More
* Dollar recovers as equities gain, Fed hikes in focus * Euro declines as ECB's Draghi moderates inflation outlook * Yen, Swiss franc attract modest safe-haven demand * Graphic: World FX rates in 2018 (Adds detail, updates prices)By Tom FinnLONDON, Oct 12 (Reuters) - The dollar edged up on Friday,reflecting investor confidence in the U.S. economy, despitecriticism by President Donald Trump of the...Read More
* Spot gold on track for biggest weekly gain in seven * Could extend gains to $1,237/oz -technicals * Palladium off eight-month highs hit on Thursday (Updates prices, adds comment.)By Sethuraman N RBENGALURU, Oct 12 (Reuters) - Gold fell on Friday,retreating from two-month highs hit in the previous session, asglobal equity markets recovered some poise after dramaticlosses. Spot gold was down 0.4 p...Read More
Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More
Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More