(Kitco News) - Gold futures prices have moved from near unchanged in earlierdealings to slightly lower on the day, in late-morning price action Monday.Prices have drifted lower in uninspired trading to start the week. A sharp dropin crude oil prices to a three-week low today is adding some selling pressureinto the precious metals markets. Augustgold futures were last down $1.50 at$1,239.70. By Ji...Read More

(Reuters) - U.S. business inventories rose steadily in May and sales recorded their biggest increase in eight months, government data showed on Monday.The Commerce Department said business inventories increased 0.4 percent after an unrevised 0.3 percent gain in April. May's rise in inventories, which are a key component of gross domestic product, was in line with economists' expectations.Retail in...Read More

(Reuters) - Twenty-First Century Fox Inc (FOXA.O) shares dropped more than 2 percent on Monday, as investors viewed the absence of a new bid by Comcast Corp (CMCSA.O) for most of Fox’s assets as meaning its bidding war with Walt Disney Co (DIS.N) for them is likely over.Disney fended off Comcast’s $66 billion all-cash challenge to its deal for the Fox assets last month by sweetening it...Read More

BRUSSELS (Reuters) - Italy is in no hurry to bring the European Union’s free trade agreement with Canada to a parliamentary vote, its farm minister said on Monday, suggesting its opposition to the deal may be easing.Ministers of the eurosceptic 5-Star/League government have said Italy would not ratify CETA (the Comprehensive Economic and Trade Agreement), threatening the EU’s first maj...Read More

TORONTO, Jul 16, 2018 - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, or 47,258 gold equivalent ounces(1)("GEOs"), using a 75:1 gold to silver ratio.Consolidated Production SummaryQ2 '18 Q1 '18 Q4 '17 Q3 '17 Q2 '17Gold ounces 36,959 35,069 48,609 19,051 22,191Silver ounces 772,432 695,651 926,739 749,749 779,4...Read More

TORONTO, Jul 16, 2018 - McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, or 47,258 gold equivalent ounces(1)("GEOs"), using a 75:1 gold to silver ratio.Consolidated Production SummaryQ2 '18 Q1 '18 Q4 '17 Q3 '17 Q2 '17Gold ounces 36,959 35,069 48,609 19,051 22,191Silver ounces 772,432 695,651 926,739 749,749 779,4...Read More

WASHINGTON (Reuters) - The International Monetary Fund warned on Monday that escalating and sustained trade conflicts are increasingly likely, threatening to derail economic recovery and depress medium-term growth prospects.The IMF, in an update to its World Economic Outlook growth forecasts, said that the United States, as the focus of retaliatory tariffs from trading partners, was especially vul...Read More

TORONTO (Reuters) - Re-sales of Canadian homes rose 4.1 percent in June from the previous month, the Canadian Real Estate Association said on Monday, as the impact on buyers of tougher mortgage rules eased.The industry group said actual sales, not seasonally adjusted, fell 10.7 percent from a year earlier to a five-year low. The group’s Home Price Index was up 0.9 percent from June 2017.Cana...Read More

Lead Intraday – Lead Jul Buy call bbd given at price 149.70 CMP 150.40. Low risk taker book 0.7 Points per lot / Rs 3500 per lotTIPS ID bbd : Mcx Lead Trading Tips – Buy Lead Jul at CMP 149.70 for Target 150.80 – 151.40 with SL below price 148.10. RISK taker Add more at price 149 Read More

(Reuters) - Bank of Singapore, the private banking division of Singapore’s second-largest listed lender Oversea-Chinese Banking Corp, has set up a wealth management subsidiary in Luxembourg so it can serve European customers, Luxembourg for Finance said.Luxembourg for Finance, a body which promotes the country’s financial sector, said Bank of Singapore had received the license for the...Read More

WASHINGTON (Reuters) - U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.Signs of a strengthening economy, together with a tightening labor market and firming inflation, likely will keep the Federal Reserve on track to continue raising interest rates this year.Fed...Read More

A number of analysts have chimed in on the FAANG stock todayIt's another record-setting session for Amazon.com, Inc. (NASDAQ:AMZN), with the shares up 0.5% at $1,813.03 -- fresh off an all-time high of $1,822.60. The technical milestone coincides with the kick off Amazon Prime Day, and may have potentially been sparked by another round of bullish brokerage attention.While Loop Capital reiterated i...Read More

TBILISI, July 16 (Reuters) - Four miners were killed and six injured on Monday when the roof of a coal mine in western Georgia collapsed, the country's interior ministry said.The accident occurred at the Mindeli mine in Tkibuli, 200 kilometres (124 miles) west of the capital, Tbilisi, the ministry said in a statement.It added that the accident had been caused by a pressure bump - an explosion caus...Read More

(Kitco News)- Accordingto some analysts, there is further evidence that gold’s selling momentum isrunning out of steam as the latest trade data from the Commodity FuturesTrading Commission showed little change in bearish gold sentiment.TheCFTC's disaggregated Commitments of Traders report for the week ending July 3showed money managers increased their speculative gross long positions in Com...Read More

(Kitco News) - According to some analysts, there is further evidence that gold’s selling momentum is running out of steam as the latest trade data from the Commodity Futures Trading Commission showed little change in bearish gold sentiment.The CFTC's disaggregated Commitments of Traders report for the week ending July 3 showed money managers increased their speculative gross long positions...Read More

* Investors cut physical holdings of gold * Cost of holding gold rises with U.S. rates (Updates prices, palladium comment)By Pratima DesaiLONDON, July 16 (Reuters) - Gold steadied on Monday as thedollar slipped, but higher interest rates in the United Statesand a weak physical market are expected to weigh on prices ofthe precious metal.Spot gold was up 0.1 percent at $1,242 an ounce by1347 GMT, ha...Read More

Mcx Lead Trading Tips – Buy Lead Jul at CMP 149.70 for Target 150.80 – 151.40 with SL below price 148.10. RISK taker Add more at price 149 Read More

The brokerage firm is bullish on UPS' growth potentialDelivery companies,recently under pressure from Amazon.com (AMZN) and its new service, are in focus this morning, after UBS weighed in on FedEx Corporation (NYSE:FDX) and United Parcel Service, Inc.(NYSE:UPS). The stocks are trending in opposite directions, after the brokerage firm picked a winner from the pair.Analysts Still Love FedEx Stoc...Read More

WASHINGTON (Reuters) - The United States wants to avoid disrupting global oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries which need more time to wind down their oil imports from Iran, U.S. Treasury Secretary Steven Mnuchin said.“We want people to reduce oil purchases to zero, but in certain cases if people can’t do that ove...Read More

"#Mining executives are achieving a limited success rate for executing their change programmes and too many are failing to plan adequately for the future, an industry survey has shown. Read the full #GlobalLeadershipReport at https://t.co/bU77ZrqfbX"Read full newsRead More