(Kitco News) - Gold prices are modestly higher in early U.S. trading Friday and little changed from levels seen just before an important U.S. economic report was released. December gold futures were last up $2.80 an ounce at $1,204.30. December Comex silver was last up $0.06 at $14.645 an ounce. This morning's U.S. Labor Department Employment Situation Report for September showed the key non-farm...Read More
NEW YORK (Reuters) - The U.S. transportation sector, which many see as a proxy indicator of the economy’s health, has retreated 2.3 percent from its Sept. 14 record, hinting to some analysts that the longest bull market on record has entered its late stages.Railways, freight carriers and package deliverers get less attention than heavy-hitting momentum stocks like Apple Inc (AAPL.O) and Amaz...Read More
WASHINGTON (Reuters) - U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions.The Labor Department’s closely watched monthly employment report on Friday also showed a steady rise in wages, suggesting moder...Read More
(Kitco News)- Gold prices are holding relatively steady, hovering above thepsychological level of $1,200 an ounce as the U.S. labor market showed a mixedpicture last month.The Bureau of Labor Statistics said 134,000 jobs were created inSeptember, economists were expecting to see job gains of around 185,000. While the data came in weaker than expected, thereport noted higher revision in July and Au...Read More
(Kitco News) - Gold prices are holding relatively steady, hovering above the psychological level of $1,200 an ounce as the U.S. labor market showed a mixed picture last month.The Bureau of Labor Statistics said 134,000 jobs were created in September, economists were expecting to see job gains of around 185,000. While the data came in weaker than expected, the report noted higher revision in July a...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) responded to media reports about it being in talks to buy Chile's Mantos Copper by saying that while it avoids commenting on market rumours, its strategy does include growth opportunities, such as acquisitions.Private equity-backed Mantos Copper said in July it was looking for a buyer to help it finance the expansion of mines it bought from Anglo Ame...Read More
Gregory Beischer, president and CEO of Millrock Resources, in conversation with Maurice Jackson of Proven and Probable, talks about the recently released drill results from the Alaska Range Project as well as developments at its Mexican properties.VideoAudioTranscriptOriginal Source: http://www.streetwisereports.com/article/2018/10/02/explorer-releases-drill-results-from-alaska-copper-gold-projec...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) responded to media reports about it being in talks to buy Chile's Mantos Copper by saying that while it avoids commenting on market rumours, its strategy does include growth opportunities, such as acquisitions.Private equity-backed Mantos Copper said in July it was looking for a buyer to help it finance the expansion of mines it bought from Anglo Ame...Read More
Gregory Beischer, president and CEO of Millrock Resources, in conversation with Maurice Jackson of Proven and Probable, talks about the recently released drill results from the Alaska Range Project as well as developments at its Mexican properties.VideoAudioTranscriptOriginal Source: http://www.streetwisereports.com/article/2018/10/02/explorer-releases-drill-results-from-alaska-copper-gold-projec...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) responded to media reports about it being in talks to buy Chile's Mantos Copper by saying that while it avoids commenting on market rumours, its strategy does include growth opportunities, such as acquisitions.Private equity-backed Mantos Copper said in July it was looking for a buyer to help it finance the expansion of mines it bought from Anglo Ame...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) responded to media reports about it being in talks to buy Chile's Mantos Copper by saying that while it avoids commenting on market rumours, its strategy does include growth opportunities, such as acquisitions.Private equity-backed Mantos Copper said in July it was looking for a buyer to help it finance the expansion of mines it bought from Anglo Ame...Read More
Gregory Beischer, president and CEO of Millrock Resources, in conversation with Maurice Jackson of Proven and Probable, talks about the recently released drill results from the Alaska Range Project as well as developments at its Mexican properties.VideoAudioTranscriptOriginal Source: http://www.streetwisereports.com/article/2018/10/02/explorer-releases-drill-results-from-alaska-copper-gold-projec...Read More
MADRID (Reuters) - Indebted euro zone countries must stick to budget rules and set funds aside for times of crisis, the European Central Bank’s vice-president said on Friday, as investors still grappled with Italy’s new deficit forecasts which contravene EU requirements.Luis De Guindos, who did not mention Italy in his speech, was repeating a long-standing ECB plea for euro zone govern...Read More
(Reuters) - Shares of Tesla Inc (TSLA.O) fell as much as 4 percent on Friday, after Chief Executive Elon Musk stirred nerves about the settlement of his securities fraud lawsuit by mocking the U.S. Securities and Exchange Commission on Twitter.The tweet calling the SEC the “Shortseller Enrichment Commission” came just hours after a federal judge ordered Musk and the SEC to write a lett...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
* Chinese markets closed for week-long holiday * Singapore premiums at 80 cents-$1.30By Rajendra Jadhav and Vijaykumar VedalaMUMBAI/BENGALURU, Oct 5 (Reuters) - Higher domestic pricesdented demand for physical gold in India, prompting dealers tooffer the biggest discounts in 3-1/2 months this week, whileneighbouring Bangladesh approved its first policy to regulateimports and exports of the metal.S...Read More
ROME (Reuters) - European Central Bank President Mario Draghi met Italian President Sergio Mattarella on Monday to discuss Italy's 2019 budget that is unnerving markets, a political source told Reuters on Friday.The ECB declined to comment on the report.The Italian government, comprising the anti-establishment 5-Star Movement and the right-wing League, says the deficit will come in at 2.4 percent...Read More
* Regional banks soar on reform hopes* Nikkei falls 1.4 pct for the week* Tech shares fall, financials continue to rallyBy Ayai TomisawaTOKYO, Oct 5 (Reuters) - Japan’s Nikkei fell to its lowest close in two-weeks on Friday, tracking weakness on Wall Street as rising U.S. Treasury yields have dimmed the allure of most stocks except financial ones.The Nikkei share average ended 0.8 percent lo...Read More
MADRID (Reuters) - Indebted euro zone countries must stick to budget rules and build up cash buffers to withstand future economic downturns, the European Central Bank’s vice-president Luis De Guindos said on Friday.“The top priority in this area is for national policymakers to build up fiscal buffers to ensure policy space for future downturns,” he told an academic audience in Ma...Read More
• A modest uptick in the USD/US bond yields capped any meaningful up-move. • Risk-off mood underpins safe-haven status and might limit any downside. • Investors eye US monthly jobs report for some fresh directional impetus. Gold traded with a mild negative bias on Friday, albeit lacked any firm directional bias and oscillated in...Read More