(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Nexus Gold Corp. (Read full newsRead More
TORONTO, July 11 (Reuters) - Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia.Barrick, which looks likely to lose its rank as the world's biggest gold producer this year, maintained its 2018 output estimate of between 4.5 mil...Read More
The Dow, S&P, and Nasdaq snapped their four-day win streaksStocks took a hit today, as investors were rattled by plummeting oil prices and the Trump administration's threat to impose fresh tariffs on $200 billion in Chinese goods. Big losses for industrial giant Caterpillar (CAT) and energy stock Chevron (CVX) took a toll on the Dow, with the blue-chip index snapping its four-day win streak. The S...Read More
Shipments of the key ingredient for making batteries that power electric cars and high tech devices climbed 47% in 2017 to $684.2 million.Read full newsRead More
CROP Infrastructure (CROP.C) burst out of the gate this morning at $0.32 CAD, hitting a high of $0.40 CAD in the first hour of trading, before closing at $0.34 CAD, up 19% on 17,489,136 shares bought and sold. This was 30x its average trading volume of 578,590 shares, and doubled yesterday's record setting 10m share volume day, ...Read full newsRead More
WASHINGTON (Reuters) - When Donald Trump first spoke to Russian President Vladimir Putin after becoming U.S. president, he reviled the “New Start” treaty - a pillar of arms control - as a bad deal for America.When the two meet in Helsinki on Monday they are likely to touch on whether to extend that agreement to 2026 and what to do about another pact, the Intermediate-Range Nuclear Forc...Read More
NEW YORK (Reuters) - Global benchmark Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating U.S.-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.Brent crude LCOc1 fell $5.46, or 6.9 percent, to settle at $73.40 a barrel. The decline was the largest one-day move on a percentage basis...Read More
NEW YORK (Reuters) - The U.S. dollar strengthened on Wednesday as the market put aside trade tension fears and focussed on the Labor Department’s expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year.Against the Japanese yen, the dollar broke through the psychologically significant barrier of 112 yen for...Read More
NEW YORK, July 11 (LPC) - US middle market loan pricing is increasing at a slower rate than the larger US leveraged loan market, where assertive investors with more deals to choose from are winning concessions on pricing and documentation.Capital remains abundant in middle market lending and fewer lenders are needed to finalize smaller loans, leading to a smaller 25bp increase than the large cap m...Read More
The former PZZA CEO apologized for using a racial slur in a conference callStocks are sharply lower today following a new round of tariff threats from the Trump administration. Three names making notable moves are pizza chain Papa John's International, Inc. (NASDAQ:PZZA), GPU giant Nvidia Corporation (NASDAQ:NVDA), and pharma issue Achieve Life Sciences Inc (NASDAQ:ACHV). Below, we'll take a clos...Read More
NEW YORK, July 11 (Reuters) - The U.S. Treasury Department on Wednesday sold $22 billion in 10-year notes to strong investor demand at a yield of 2.859 percent, slightly below the 2.962 percent yield set at the prior auction in June, Treasury data showed.Indirect bidders, which include fund managers and foreign central banks, bought 65.04 percent of the 10-year supply , which was their largest sha...Read More
WASHINGTON (Reuters) - U.S. Justice Department officials on Wednesday announced the establishment of an anti-fraud task force intended to deter fraud and coordinate investigations to avoid “piling on,” where multiple agencies probe the same alleged misconduct.The task force brings together the Justice Department and U.S. attorneys offices, the Federal Trade Commission (FTC), the Consum...Read More
NEW YORK (Reuters) - Investors yanked $188 million from the Janus Henderson Global Unconstrained Bond Fund, run by billionaire money manager Bill Gross, in June, marking four straight months of withdrawals, Morningstar Inc said on Wednesday.The Janus bond fund’s performance has stumbled this year, with some share classes down nearly 7 percent and falling to the bottom of their peer ranking,...Read More
Nomura thinks regulations could actually benefit FB and GOOGLFacebook, Inc. (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOGL) both received bull notes since yesterday's close. Below, we're going to take a closer look at shares of FB and GOOGL to see how they're trading today. Facebook Options Are Attractively PricedFacebook stock has managed to carve out a path of higher highs this summer, even amid d...Read More
WASHINGTON (Reuters) - The U.S. Environmental Protection Agency’s acting chief Andrew Wheeler said on Wednesday he would carry out President Donald Trump’s mission to provide regulatory relief to industry and protect the air and water.Wheeler had talked to Trump over the last few days and the president had told him to carry out those three tasks, the acting administrator said in his fi...Read More
NEW YORK (Reuters) - Morgan Stanley (MS.N) said on Wednesday that Robert Perry, manager for the firm’s Beverly Hills, California, wealth management office, has left the firm.Morgan Stanley spokeswoman Christine Jockle confirmed Perry left the firm but declined to comment further. Attempts to reach Perry at his office by phone and email were unsuccessful.Perry’s departure, reported on T...Read More
Gold suffered for back-to-back losses Wednesday, dragged lower as trade tensions between the U.S. and China intensified, raising concerns over demand for industrial metals and sending copper prices to their lowest finish in almost a year. August gold GCQ8, +0.05% lost $11, or 0.9%, to settle at $1,244.40 an ounce, so far tracking about a 0.3% week-to-date loss. The settlement was the lowest since...Read More
Jeff Mason, Sabine Siebold, Robin EmmottBRUSSELS (Reuters) - U.S. President Donald Trump accused Germany on Wednesday of being a “captive” of Russia due to its energy reliance in a startling outburst before a NATO summit where he pressed allies to more than double spending on their own defense.Having lambasted NATO members for letting U.S. taxpayers pay to keep them safe from Russia by...Read More