LONDON (Reuters) - The world’s biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic.Oil has rallied this year on expectations the sanctions, coming into force on Nov. 4, will test the ability of the Organization of the Petroleum Exportin...Read More

SYDNEY, Oct 10 (Reuters) - Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September from a month earlier, port data released on Wednesday showed.Iron ore shipments to China from the world's biggest iron ore port totalled 37.4 million tonnes in September, up from August's 35.5 million tonnes, according to the Pilbara Ports Authority.Total September iron ore s...Read More

WASHINGTON (Reuters) - Former New York City Mayor Michael Bloomberg rejoined the Democratic Party on Wednesday, going back to his political roots weeks before the Nov. 6 congressional elections and amid speculation that he might run for the White House in 2020.Bloomberg, the billionaire founder and chief executive of global media company Bloomberg LP, said in a post on social media he was re-regis...Read More

Travelers will be selling discounted home security products on AmazonTravelers Companies Inc (NYSE:TRV) is grabbing headlines thanks to news of a partnership with Amazon.com (AMZN) that will allow the insurance giant to sell home security products to customers on the e-commerce site. TRV shares closed Tuesday's session at $131.59, right near the 320-day moving average and well below their January...Read More

LONDON, Oct 10- Polish miner KGHM, one of the world's leading copper producers, is focusing on shoring up its balance sheet rather than any early return to dividends, its new CEO said.Marcin Chludzinski, who was named chief executive in June, said he will deliver an updated strategy for the company by the end of the year.But after shareholders in July approved the company's decision not to pay a...Read More

LONDON, Oct 10- Polish miner KGHM, one of the world's leading copper producers, is focusing on shoring up its balance sheet rather than any early return to dividends, its new CEO said.Marcin Chludzinski, who was named chief executive in June, said he will deliver an updated strategy for the company by the end of the year.But after shareholders in July approved the company's decision not to pay a...Read More

Globally, a trade war likely will have limited impact on theindustrial use of silver, says the consultancy Metals Focus. Analysts offeredthe assessment after the International Monetary Fund this week downwardlyrevised its forecast for global economic growth in 2018 and 2019 due mainly tothe U.S.-China trade war. Generally, investors have shrugged off trade-warfears, as reflected by a strong stock...Read More

Globally, a trade war likely will have limited impact on the industrial use of silver, says the consultancy Metals Focus. Analysts offered the assessment after the International Monetary Fund this week downwardly revised its forecast for global economic growth in 2018 and 2019 due mainly to the U.S.-China trade war. Generally, investors have shrugged off trade-war fears, as reflected by a strong s...Read More

(Reuters) - Most U.S. households should expect higher heating costs this winter (October through March) compared with last winter, according to the federal government's Winter Fuels Outlook, which will be released in full at 11:00 a.m. (1500 GMT) on Wednesday.The U.S. Energy Information Administration (EIA) said in a summary of the report that the increased costs are mainly the result of higher pr...Read More

The major equity benchmarks are set up for another choppy sessionDow Jones Industrial Average (DJIA) futures are tradingbelow fair value, suggesting another choppy trading day could be ahead. Investors are once again monitoring bond yields, though this morning they at least have notable economic data to break up the recent monotony. Specifically, the producer price index (PPI) bounced back in Sept...Read More

NEW YORK, October 10, 2018 /PRNewswire via COMTEX/ --NEW YORK, October 10, 2018 /PRNewswire/ --Gold Price rose on Tuesday as world equities were under pressure due to concerns over the U.S.-China trade war as well as the rising government bond yields. Gold future for December delivery rose 0.27% to USD 1,191.80 per ounce during Monday's trading session, while gold spot was up 0.13% to USD 1,189.60...Read More

(Kitco News) - CoeurMining, Inc. (NYSE: CDE) late Tuesday reported that a number of factors hurt silverproduction at the Palmarejo Mine in Mexico, although officials reiteratedpreviously revised company-wide guidance for full-year 2018.Thecompany listed third-quarter consolidated production of 2.9 million ounces ofsilver, 88,833 ounces of gold, 2.2 million pounds of zinc and 1.2 millionpounds of l...Read More

(Kitco News) - Coeur Mining, Inc. (NYSE: CDE) late Tuesday reported that a number of factors hurt silver production at the Palmarejo Mine in Mexico, although officials reiterated previously revised company-wide guidance for full-year 2018.The company listed third-quarter consolidated production of 2.9 million ounces of silver, 88,833 ounces of gold, 2.2 million pounds of zinc and 1.2 million pound...Read More

WASHINGTON (Reuters) - As of November 10, investors in 27 industries will come under tougher scrutiny as an inter-agency panel led by the U.S. Treasury Department begins tightening foreign investment rules as part of a pilot program, according to a senior treasury official.The panel, called Committee on Foreign Investment in the United States (CFIUS), reviews mergers and stock purchases to ensure...Read More

(Kitco News)- Gold prices remain on the defensive and below criticaltechnical levels as wholesale inflation rises in line with expectations.Wednesday, the U.S. Labor Department said its Producer Price Index (PPI) rose 0.2% in September following a drop of 0.1% in August. The data was in line with expectations. This is the first rise in headline inflation pressures in three months. For the year, pr...Read More

LONDON (Reuters) - Oil prices steadied on Wednesday after the IMF lowered its global economic growth forecasts, but markets were supported as Hurricane Michael closed nearly 40 percent of U.S. Gulf of Mexico oil output and U.S. sanctions restricted Iranian exports.Brent crude LCOc1 was unchanged at $85.00 a barrel by 1055 GMT after a 1.3 percent gain on Tuesday. U.S. light crude CLc1 was down 5 ce...Read More

Mr. Walter Coles Jr. reportsSKEENA INTERSECTS 10.97 G/T AUEQ OVER 42.65 METRES AT ESKAY CREEKSkeena Resources Ltd. has provided additional gold-silver drill results for three drill holes from the continuing phase I surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase I program is being performed in the historically drill def...Read More

(Kitco News)- Gold remains under pressure, ignoring some macroeconomic risksassociated with the Italian budget crisis and the continued uncertaintysurrounding Brexit. The increase in U.S. long-term rates remains the primarysupport leg for the dollar and this morning the U.S. 10-year yield flirted with3.25%. Higher rates will become more problematic for the U.S. as debt-servicinglevels will continu...Read More

ATHENS (Reuters) - The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 200 million euros to 5.0 billion euros ($5.74 billion), the Bank of Greece said on Wednesday.The move reflected improved liquidity conditions, taking into account private sector deposit flows and banks' access to financial markets, it said. The...Read More

Mr. Antonio Berlanga reports TELSON CLOSES $6.8 MILLION OVERSUBSCRIBED FINANCING AT 39% PREMIUM TO MARKETTelson Mining Corp. has closed its non-brokered private placement financing consisting of 9,124,805 units of the company at a price of 75 cents per unit for gross proceeds of $6,843,603.The financing was originally announced in a press release dated Sept. 26, 2018, and was closed oversubscribed...Read More