- U.S. China trade war escalates as Russia stockpiles gold on the Keiser Report- Trump's erratic and risky trade policies pose a risk to dollar as reserve currency- China, Russia "getting cosier" with Silk Road and increasing economic cooperation- China and Russia "want to do business outside of the dollar" and "dollar will finally reach its comeuppance"- "No gold ever leaves China ... they ar...Read More

Stocks that stand to outperform peers are likely those of companies with mostly U.S. exposure and so-called bond proxies, according to Credit Suisse.Goldman Sachs, meanwhile, told investors to consider domestic, consumer companies as a way of navigating turbulent trade policies.Still others have suggested taking a look at small-cap stocks as a means of weathering a global trade crisis.Thomas Franc...Read More

Perseus mining's gold production reached 83,881 ounces in the second quarter, increasing output by 63 percent from this time last year.Read full newsRead More

"Scotiabank today raising its 2022 #nickel price forecast to $20,000/t. Scotia: "Longer-term, Ni market fundamentals appear perhaps the brightest among the commodities we cover [given] a dearth of viable new sources of ... supply in the context of growing stainless and EV demand.""Read full newsRead More

Michael Martina, David LawderBEIJING/WASHINGTON (Reuters) - A U.S.-China trade fight resulting in duties on $34 billion worth of each other’s imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.Friday marked the start of the U.S. duties that were promptly met with retribution by China, a...Read More

The VIX closed the books on its worst weekly loss since AprilU.S. stocks finished the day firmly positive in thin post-holiday trade. Better-than-expected jobs data pushed markets higher, despite the U.S. and China moving ahead with their first round of tariffs. The Dow and Nasdaq were up triple digits at their intraday highs, while the S&P also fared well, as all three indexes made their way to...Read More

NEW YORK, July 6 (LPC) - US bank loan funds saw the first week of outflows after 19 consecutive weeks of inflows as market volatility triggered by the trade war dented investors’ appetite for risk assets.Investors pulled US$184.2m from loan funds in the week ending July 4, according to Lipper. This marked the first week of outflows from loan funds since the week ending February 14.The trade...Read More

* Copper set for steepest weekly drop since Jan 2015* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Updates with closing prices)By Eric OnstadLONDON, July 6 (Reuters) - Copper rebounded on Friday from a fresh 11-month low, as some investors regard the recent sharp losses as exaggerated and believe the metal has hit bottom.Copper, widely viewed as a bellwether for the global economy, has been ba...Read More

NEW YORK, July 6 (LPC) - US bank loan funds saw the first week of outflows after 19 consecutive weeks of inflows as market volatility triggered by the trade war dented investors’ appetite for risk assets.Investors pulled US$184.2m from loan funds in the week ending July 4, according to Lipper. This marked the first week of outflows from loan funds since the week ending February 14.The trade...Read More

SANTIAGO, July 6 (Reuters) - Labor negotiations at BHP Billiton Plc Escondida copper mine in Chile, the world's largest, are entering into the final three weeks before a 30-month contract expires at the end of July.The closely watched talks come little more than one year after failure to reach a labor deal at the sprawling deposit led to a 44-day strike that jolted the global copper market.How are...Read More

SANTIAGO, July 6 (Reuters) - Labor negotiations at BHP Billiton Plc Escondida copper mine in Chile, the world's largest, are entering into the final three weeks before a 30-month contract expires at the end of July.The closely watched talks come little more than one year after failure to reach a labor deal at the sprawling deposit led to a 44-day strike that jolted the global copper market.How are...Read More

By Amrith Ramkumar and Ben St. Clair Gold prices were slightly lower Friday after the latest jobs report showed the economy added more jobs than expected last month, while the unemployment rate edged slightly higher. Gold for August delivery was down 0.2% on the Comex division of the New York Mercantile Exchange. Prices have edged higher since hitting a 2018 low earlier this week, though some an...Read More

WASHINGTON (Reuters) - The U.S. economy created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases this year.Nonfarm payrolls rose by 213,000 jobs last month as manufacturers stepped up hiring, the Labor Department said on Friday. The economy added 37,000 more jobs in April...Read More

WASHINGTON (Reuters) - The U.S. government may not meet a court-ordered deadline to reunite migrant parents with their children who were separated after illegally crossing the U.S.-Mexico border, according to court documents filed overnight.The U.S. Department of Justice asked the U.S. District Court in San Diego to clarify if it would be breaching the court’s order if families were reunited...Read More

WASHINGTON (Reuters) - The U.S. economy created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases this year.Nonfarm payrolls rose by 213,000 jobs last month as manufacturers stepped up hiring, the Labor Department said on Friday. The economy added 37,000 more jobs in April...Read More

(Kitco News) - After seeing a minor reprieve this week on slightly weaker U.S. dollar, the gold market’s main concerns are now the potential economic fallout from the escalating trade war rhetoric and the hawkishness of the Federal Reserve’s rate hike path.“Uncertainty is the new normal,” RBC Capital Markets commodity strategist Christopher Louney told Kitco News on Friday....Read More

Several FAANG stocks scored ambitious price-target hikesTrade and jobs were the themes of this holiday-shortened week on Wall Street. Reports that the Trump administration is considering a bill that would allow the White House unilateral power to increase tariffs initially weighed on stocks to start the week. However, rumors of a possible U.S.-European Union (EU) tariff truce lifted stocks after t...Read More

(Reuters) - BP Plc (BP.L) is in the lead to acquire the U.S. onshore shale assets of BHP Billiton Ltd (BHP.AX) (BLT.L) after submitting an offer worth well in excess of $10 billion, people familiar with the matter said on Friday.BP is the front-runner in the auction for the assets run by BHP, and could reach a deal in coming weeks, the sources added, cautioning that an agreement is not certain and...Read More

(Reuters) - BP Plc (BP.L) is in the lead to acquire the U.S. onshore shale assets of BHP Billiton Ltd (BHP.AX) (BLT.L) after submitting an offer worth well in excess of $10 billion, people familiar with the matter said on Friday.BP is the front-runner in the auction for the assets run by BHP, and could reach a deal in coming weeks, the sources added, cautioning that an agreement is not certain and...Read More

(Adds details on official response, Bitso cyber attack)By Daina Beth SolomonMEXICO CITY, July 6 (Reuters) - Mexico’s financial authorities on Friday warned local banks to be on alert for potential cyber attacks and to strengthen security systems, activating protocols established in the wake of recent bank hacks.Mexico’s central bank, Finance Ministry and banking regulator said in a sta...Read More