Broader coverage and analysis of year-on-year results available in report's second yearRead full newsRead More

MOSCOW, Oct 9 (Reuters) - Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal, ERG Chief Executive Benedikt Sobotka told Reuters.ERG, a global mining and metals group with Kazakh roots, aims to raise cobalt output fivefold to 20,000 tonnes next year, claiming a large c...Read More

(Kitco News)- Move over U.S. dollar. The goldmarket, trading under $1,200 an ounce, is facing new headwinds as long-termU.S. bond yields hit new multi-year highs.For much of the year, thenegative correlation between bond yields and gold prices has broken down.However, some analysts have said that with 10-year yields hitting 3.25%, itshighest level since 2011, the relationship could come back into...Read More

(Kitco News) - Move over U.S. dollar. The gold market, trading under $1,200 an ounce, is facing new headwinds as long-term U.S. bond yields hit new multi-year highs.For much of the year, the negative correlation between bond yields and gold prices has broken down. However, some analysts have said that with 10-year yields hitting 3.25%, its highest level since 2011, the relationship could come back...Read More

FRANKFURT (Reuters) - Ford (F.N) is building an electric delivery van in Europe using technology provided by Deutsche Post (DPWGn.DE) startup StreetScooter, as German cities clamp down on diesel emissions.In the latest such move, a German court on Tuesday ordered Berlin to impose driving bans on older diesel vehicles to cut pollution and conform to European Union standards.“Manufacturing the...Read More

WASHINGTON (Reuters) - President Donald Trump on Tuesday repeated his threat to impose tariffs on $267 billion worth of additional Chinese imports if China retaliates for the recent levies and other measures the United States has taken in the countries' escalating trade war.Trump, speaking to reporters in the Oval Office, also said China is not ready yet to reach a deal on trade and that a couple...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday his next meeting with North Korean leader Kim Jong Un is happening and officials are in the process of setting it up.Trump, speaking in the Oval Office after announcing the resignation of U.N. Ambassador Nikki Haley, said Secretary of State Mike Pompeo had a great meeting with Kim and that three or four locations were being conside...Read More

Gold has struggled to rebound despite an extreme oversold condition and extreme bearish sentiment. Nevertheless, conditions for Gold have not worsened in recent days. In fact, Gold as well as gold stocks appear to be basing for a potential rebound into the holiday season. While some gold bulls expect a major bottom, we aren't in that camp because the fundamentals are not in place yet to support a...Read More

LONDON (Reuters) - Britain’s former Brexit minister David Davis said on Tuesday that the ruling Conservative Party will face dire consequences at the next election if it sticks with Prime Minister Theresa May’s Brexit plans, the Sun newspaper reported.Davis, who resigned over May’s plans, wrote to colleagues calling for the government to reset its negotiating strategy immediately...Read More

Royal Gold, Inc. (NASDAQ: RGLD) reportsthe sale of approximately 57,000 gold-equivalent ounces in its fiscal firstquarter that ended on Sept. 30. This consisted of some 48,000 gold ounces,572,000 silver ounces and 380 tonnes of copper from streaming agreements. Thisis lower than in the prior quarter due to a temporary shutdown of operations atCenterra Gold’s Mount Milligan gold and copp...Read More

NEW YORK (Reuters) - The dollar rose on Tuesday, boosted by rising U.S. bond yields to a seven-week peak against a basket of currencies, as the euro weakened further on worries about the tension between the European Union and Italy over that country’s budget.The Chinese yuan steadied near a seven-week low against the greenback as a liquidity squeeze in the offshore yuan market in Hong Kong h...Read More

Tesla's competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.All EV makers will have one common element that could help lift demand for battery vehicles-rising oil prices leading to fuel prices at four-year highs, which could turn consumers towards EVs.ICE cars are not going anywh...Read More

WASHINGTON (Reuters) - Just three days after he was narrowly confirmed to the U.S. Supreme Court despite facing allegations of sexual assault, Brett Kavanaugh is set to take his seat on the bench on Tuesday morning, solidifying a conservative majority for years to come.Kavanaugh’s confirmation hearing was marked by loud protests and on Tuesday a handful of demonstrators gathered outside the...Read More

The following statements were posted to the verified personal Twitter account of U.S. President Donald Trump (@realDonaldTrump)The opinions expressed are his own. Reuters has not edited the statements or confirmed their accuracy.@realDonaldTrump :- The paid D.C. protesters are now ready to REALLY protest because they haven't gotten their checks - in other words, they weren't paid! Screamers in C...Read More

When stocks fall, the conventional wisdom is that safe haven gold would rise, and vice versa. But when stocks fall because of rising bond yields, it is a different story. That’s because, rising yields are equally if not more bearish for gold. Unlike in the case of equities and bonds, holding the yellow metal either in the psychical or paper form pays no dividend or interest, and costs money...Read More

Google could be having its Facebook momentAlphabet Inc (NASDAQ:GOOGL) was under pressure yesterday, with the tech giant shutting down its Google+ service following a data breach. GOOGL stock fell to its lowest close since early July, and today the shares are slightly lower again at $1,154.60, amid reports the company won't pursue a $10 billion deal with the Pentagon because of changes to its ethic...Read More

BRUSSELS (Reuters) - Ryanair Chief Executive Michael O’Leary said on Tuesday he was “hopeful and optimistic” that industrial relations issues would not damage the airline further this year after strikes contributed to a rare profit warning last week.Europe’s largest low-cost carrier cut its full-year profit forecast by 12 percent on Oct. 1 and warned that worse may follow i...Read More

The airline raised the low end of its Q3 TRASM guidanceAmerican Airlines Group Inc (NASDAQ:AAL) said it expects to post a 2%-3% year-over-year rise in total revenue per available seat mile (TRASM) in the third quarter, even after canceling 2,100 flights due to Hurricane Florence. The airline is slated to report full earnings for the three-month period before the market opens on Wednesday, Oct. 24....Read More

Key support and resistance levels are in play for China's benchmark equity trackerGlobal trade uncertainty has cast a pall over the equities market for months now, so news of the freshly minted U.S.-Mexico-Canada Trade Agreement (USMCA) gave stocks an early jolt higher at the start of last week's trading. But the "please don't call it NAFTA 2.0" deal also served to underscore the inability of the...Read More

SINGAPORE (Reuters) - China has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said, turning to the Middle East for extra supplies amid the two countries’ trade dispute.China bought nearly 3.6 million tonnes of U.S. LPG in 2017, making the United States the country’s second-largest supplier of the fuel used in petrochemicals, as wel...Read More