There is a widespread myth that small-scale and informal gold mining is the most lucrative livelihood for local and migrant communities in the Peruvian Amazon, and illegal mining is increasing every day. While many people are trying to make a living from mining, thoseRead full newsRead More

* 10-year BTP yield hits 4 1/2-year high, 2-yr yield up 25 bps* Italian stocks lowest since April 2017, banks tumble* EU raises worries over Italian budget; Rome defiant* ECB’s Knot: Timing of ECB rate hike not fixed (Updates prices)By Dhara Ranasinghe and Danilo MasoniLONDON/MILAN, Oct 8 (Reuters) - Italy’s borrowing costs soared on Monday, bank stocks tumbled and the euro weakened as...Read More

Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a U.S-.China trade war, the mining minister of the world's biggest copper producer said on Monday.Baldo Prokurica also told Reuters the South American nation was considering further opening up its copper and lithium mining industry to foreign investors to capitalise on the demand for both m...Read More

German aluminium producer Trimet Aluminium expects strong aluminium demand in 2019 but the global impact of U.S. import duties makes forecasts difficult, said executive board member Thomas Reuther.Trimet has not imported aluminium scrap from the United States, he said, despite some market expectations of more U.S. sales to Europe to replace lost exports to China. High alumina prices are a concern....Read More

LONDON, Oct 8 (Reuters) - Exchange-traded fund (ETF) company GraniteShares said on Monday it had cut fees on its gold-backed fund, undercutting rival offerings by the World Gold Council and the Perth Mint as price competition in the sector intensifies.GraniteShares said it had dropped its management charge to 17.49 basis points, or 0.1749 percent of the value of an investment, from 20 basis points...Read More

The previous week is over and even though we haven't seen any significant volatility in its final part, it doesn't mean that we haven't seen any meaningful signals. We did and one of them has important implications for the short term and a few others have much more important implications of the medium-term nature. Based on today's sizable decline in gold and silver, it seems that t...Read More

(Reuters) - Wall Street fell for a third straight day on Monday, tracking global stocks, in the backdrop of growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.Beijing announced a steep cut in the level of cash that banks must hold as reserves, aimed at lowering financing costs and spurring growth amid the trade spat. Still, China st...Read More

CARACAS (Reuters) - Venezuelan consumer prices rose 488,865 percent in the 12 months ending in September, a member of the opposition-run congress reported on Monday, as the OPEC nation’s hyperinflation continues to accelerate amid a broader economic collapse.Daily inflation is now 4 percent, according to opposition legislator Angel Alvarado, with monthly inflation rising to 233 percent in Se...Read More

The FAANG stock is pacing for a five-day losing streakFAANG stock Netflix, Inc. (NASDAQ:NFLX) has seenheavy options trading in recent weeks, landing on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 stocks that have attracted the highest amount of weekly options volume during the past 10 trading days. Names highlighted yellow are new to the list. NFLX is currently on pace for a...Read More

Mercedes-Benz makes good on its previously announced $1 billion investment to bring electric vehicle manufacturing in the US - starting with breaking ground on a new battery factory in Alabam...Read full newsRead More

Gold futures retreated Monday, sending prices to their lowest finish in more than a week as Treasury yields remained elevated and a leading dollar index firmed. "Gold's weakness is not just due to the stronger dollar, but the rising yields, too," said Fawad Razaqzada, technical analyst at Forex.com. "Together, these factors are proving to be a toxic mix for the noninterest-bearing and buck-denomin...Read More

HOUSTON (Reuters) - Oil prices fell on Monday but pared losses along with the U.S. stock market as investors bet that China’s economic stimulus steps on Sunday would be sufficient to boost the world’s No. 2 economy and bolster its crude demand.Global benchmark Brent crude had tumbled below $83 per barrel early in the session, partly on concerns the U.S.-China trade war could weaken cru...Read More

(Reuters) - Alphabet Inc’s Google said on Monday up to 500,000 Google+ user accounts were potentially affected by a bug that may have exposed their data to external developers, and the company is shutting down the social network for consumers.Google opted not to disclose the issue partly due to fears of regulatory scrutiny, the Wall Street Journal reported earlier, citing unnamed sources and...Read More

An upgrade at Barclays has the shares higher again todayWhile the broader stock market suffered last week, General Electric Company (NYSE:GE) shares enjoyed their best week since March 2009. What's more, the stock -- which is higher today on upbeat analyst attention -- could enjoy more upside, if a recent technical signal is any indicator.GE shares rallied last week as traders applauded a new CEO,...Read More

Two big losers and a major winner from today's trading actionIt's been a volatile session for the U.S. stock market, with the Dow last seen down more than 100 points. Two stocks making big moves lower are drugmaker Menlo Therapeutics Inc (NASDAQ:MNLO) and GPS expert Garmin Ltd. (NASDAQ:GRMN), while Pacific Ethanol Inc (NASDAQ:PEIX) is spiking. Let's see what's moving shares of MNLO, GRMN, and PEI...Read More

Tesla Inc. just can't seem to catch a break.If the rout sparked by an SEC investigation into CEO Elon Musk's tweets on taking the carmaker private wasn't enough, a subsequent tweet storm mocking the agency and an unflattering comparison to Lehman Brothers Holdings Inc. slewed off even more value. Shares extended losses for a fifth straight session Monday, falling 4.3 percent to the lowest in more...Read More

Despite having a rough summer, with a number of factors pushing gold below $1,200 an ounce (the high dollar, US economic growth, interest rate hikes, booming stock markets), the precious metal appears to be back in favor, with December gold futures closing last Tuesday's trading at $1,207 an ounce - a two-week high.In 10 minutes, Bloomberg reported, December gold contracts equal to 1.57 million ou...Read More

ORLANDO, Florida/WASHINGTON (Reuters) - U.S. President Donald Trump said he had a “great” meeting on Monday with Deputy Attorney General Rod Rosenstein, the Justice Department official in charge of the federal investigation of Russian meddling in the 2016 presidential election, and has no plans to fire him.There has been widespread speculation that Trump might oust Rosenstein, a freque...Read More

Despite having a rough summer, with a number of factors pushing gold below $1,200 an ounce (the high dollar, US economic growth, interest rate hikes, booming stock markets), the precious metal appears to be back in favor, with December gold futures closing last Tuesday's trading at $1,207 an ounce - a two-week high.In 10 minutes, Bloomberg reported, December gold contracts equal to 1.57 million ou...Read More

Despite having a rough summer, with a number of factors pushing gold below $1,200 an ounce (the high dollar, US economic growth, interest rate hikes, booming stock markets), the precious metal appears to be back in favor, with December gold futures closing last Tuesday's trading at $1,207 an ounce - a two-week high.In 10 minutes, Bloomberg reported, December gold contracts equal to 1.57 million ou...Read More