Indonesia will take a controlling stake in one of the world's biggest gold and copper mines for $3.85 billion, the government said Thursday, as it moves to claw back control of the country's vast natural resources.Read full newsRead More

(Kitco News) - Gold and silver prices aremoderately lower in early U.S. trading Friday. Both metals have just dropped tofresh 12-month lows. A rally in world stock markets, including major U.S. stockindexes hitting multi-month highs overnight, show there is little risk aversionin the marketplace at present to help out the safe-haven metals. A solidrebound in the U.S. dollar index this week is also...Read More

(Kitco News) - Gold and silver prices are moderately lower in early U.S. trading Friday. Both metals have just dropped to fresh 12-month lows. A rally in world stock markets, including major U.S. stock indexes hitting multi-month highs overnight, show there is little risk aversion in the marketplace at present to help out the safe-haven metals. A solid rebound in the U.S. dollar index this week is...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

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

(Reuters) - JPMorgan Chase & Co’s (JPM.N) quarterly profit topped Wall Street’s expectations on Friday, driven by much higher-than-expected trading revenue and increased loan demand.U.S. banks are benefiting from a cut in corporate tax rates, hikes in interest rates and a growing economy that is driving demand from borrowers while holding down loan loss rates. Trading got a boost f...Read More

(Reuters) - PNC Financial Services Group Inc (PNC.N) on Friday posted a quarterly profit that beat analysts’ estimates, driven by higher net interest income and improved fee income, sending shares of the regional lender up more than 1 percent in premarket trade.The growing U.S. economy has triggered demand for loans, which along with rising interest rates has benefited U.S. banks.PNC Financi...Read More

LONDON, July 13 (Reuters) - A key market gauge of long-term inflation expectations in the euro zone fell to its lowest level in six weeks on Friday, reflecting a view that global trade tensions could dampen economic growth and inflation.The five-year, five-year breakeven forward rate - a measure tracked by the European Central Bank - fell to 1.7070 percent on Friday, a level last seen on May 31.It...Read More

BEIJING (Reuters) - Chinese banks extended 1.84 trillion yuan ($274.91 billion) in net new yuan loans in June, up considerably from the previous month and beating analysts’ expectations, as policymakers step up support for the economy.Faced with a slowdown in domestic demand and the potential fallout from a trade war with the United States, Chinese policymakers have recently boosted policy s...Read More

(Reuters) - A Missouri jury on Thursday ordered Johnson & Johnson (JNJ.N) to pay a record $4.69 billion to 22 women who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.The verdict is the largest J&J has faced to date over allegations that its talc-based products cause cancer.The company is battling some...Read More

LONDON (Reuters) - The euro fell to a nine-day low on Friday after data showing a record Chinese trade surplus stirred worries about a deeper United States-China trade conflict, encouraging investors into the safety of the dollar.The Chinese yuan, which has suffered in the past six weeks on concern that U.S. tariffs on Chinese goods will eventually hit its economy, reversed earlier gains in Asia a...Read More

BEIJING (Reuters) - China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.But signs exporters were rushing shipments before tariffs went into effect in the first week of July suggest the spike in the surplus was a one-off, with analysts expecting a less f...Read More

* Investors retreat from physical gold holdings* Opportunity cost for gold set to rise further(Recasts, adds comment, changes dateline from Bengaluru)By Pratima DesaiLONDON, July 13 (Reuters) - Gold prices slid on Friday to their lowest in more than a week as the dollar rose due to easing trade tensions and weak demand for the precious metal due to expectations of higher interest rates in the Unit...Read More

* India gold prices hit 5-month lows* China premiums down at $1-$4/ozBy Rajendra Jadhav and Apeksha NairMUMBAI/BENGALURU, July 13 (Reuters) - Demand for physical gold in India picked up this week as prices fell to a five-month low, but buyers in other major centres in Asia awaited a bigger correction before placing orders, traders and analysts said.“In last few days the rupee and internation...Read More

Chile-focused copper miner Antofagasta Plc (LON:ANTO) said Friday it had sold its electricity transmission business Centinela Transmisi??n for $117 million.Proceeds from the sale would enable Antofagasta to focus on its core activity of producing copper.The company said the sale of the unit that holds its electricity transmission lines was consistent with its strategy of disposing of its water and...Read More

Chile-focused copper miner Antofagasta Plc (LON:ANTO) said Friday it had sold its electricity transmission business Centinela Transmisi??n for $117 million.Proceeds from the sale would enable Antofagasta to focus on its core activity of producing copper.The company said the sale of the unit that holds its electricity transmission lines was consistent with its strategy of disposing of its water and...Read More

* Trump-Putin summit could bring Rusal sanctions relief * U.S. and China trade tensions knock copper (Updates prices)By Maytaal AngelLONDON, July 13 (Reuters) - Copper headed for a fifth weeklyloss on Friday as trade tensions between the United States andChina rumbled on, while aluminium hit a three-month low ahead ofa summit between U.S. President Donald Trump and RussianPresident Vladimir Putin....Read More

A decline to near the December 2017 lows.The bullish pattern remains intact.The dollar turned.A seasonal bottom?Gold looked its worst, which is the best news for bulls.Gold had been making higher lows since December 2015 when the price fell to the lowest level since February 2010 at $1046.20 per ounce. The low during the final month of 2015 was only $1 above the 2010 bottom when the yellow metal w...Read More

The range widens, slightly.Silver moved to an oversold condition.Silver has become an afterthought.The trend suggests lower.The world suggests higher.Less than one month ago on June 14, the price of silver reached a peak at $17.43 per ounce on the active month COMEX September futures contract. The high turned out to be eight cents lower than the previous peak in the September contract on April 19....Read More

Silver has had disappointing performance over the past year, remaining range-bound.This disappointing performance came despite the metal having strong fundamentals that should have driven the price higher.The growing demand for renewables could be the thing that drives silver prices higher.The manufacture of photovoltaic cells will cause silver demand to surge as solar becomes a larger portion of...Read More