The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, is pleased to announce that its ground-breaking synthetic diamond screening device, SYNTHdetect, has been shortlisted as a finalist for Industry Innovation of the Year in this year's JNA Awards.SYNTHdetect, launched last year, is the first synthetic diamond screening device to simultaneously test multiple st...Read More

(Bloomberg) - Zambia is shelving projects that aren't almost complete and will renegotiate loans as it seeks to contain ballooning debt and entice the International Monetary Fund to restart talks on a support package.The IMF has warned the southern African nation is at high risk of debt distress, while investors have grown skeptical about the amount of external loans the country claims it has inc...Read More

HONG KONG (Reuters) - China central bank governor Yi Gang said on Friday the country will continue deepening financial reform and opening-up as its economy has entered a stage of “new normal”.China has continued to implement prudent and neutral monetary policy, and used various measures to improve monetary policy framework, Yi said in his visit to the Bulgarian National Bank during the...Read More

LONDON (Reuters) - Airbus (AIR.PA) on Friday raised its forecast for aircraft demand over the next 20 years as it begins to recover from two years of late deliveries of its A320neo passenger jet.Aircraft demand has been driven mainly by strong economic growth in emerging markets and the need to replace older planes in mature Western markets.Airbus also confirmed that it was studying further develo...Read More

(Kitco News)- WallStreet and Main Street have both flipped from bearish to bullish short-termforecasts for gold prices, based on the Kitco News weekly survey.Goldis headed for a small gain in a holiday-thinned week, with Canada Day and theU.S. Fourth of July both occurring in the same week. The metal held up Fridayeven though U.S. nonfarm payrolls came in slightly stronger than expectations,rising...Read More

(Kitco News) - Wall Street and Main Street have both flipped from bearish to bullish short-term forecasts for gold prices, based on the Kitco News weekly survey.Gold is headed for a small gain in a holiday-thinned week, with Canada Day and the U.S. Fourth of July both occurring in the same week. The metal held up Friday even though U.S. nonfarm payrolls came in slightly stronger than expectations,...Read More

WLL has been an outperformer since its late-February bull gapShares of oil concern Whiting Petroleum Corp (NYSE:WLL) are moving higher today, resuming their long-term uptrend just one day after receiving a price-target hike at SunTrust Robinson to $70 from $65. The energy name has been soaring up the charts since late February, when a slimmer-than-forecast quarterly loss triggered a bull gap. WL...Read More

NEW YORK (Reuters) - World stock markets rose and the euro climbed to a three-week peak on Friday as the threat of tariffs by the United States and China on billions of dollars of trade became a reality, though concerns about the conflict escalating capped the appetite for risk.MSCI’s measure of world equities markets rose 0.4 percent to the highest level in a week while Asian stocks climbed...Read More

DETROIT (Reuters) - German luxury automaker BMW said on Friday that it will be unable to “completely absorb” a new Chinese 25 percent tariff on imported U.S.-made models and will have to raise prices on the vehicles it makes in Spartanburg, South Carolina.BMW said in a statement it is “currently calculating related necessary pricing increases” for U.S.-made models imported...Read More

MUMBAI, July 6 (Reuters) - India's gold imports fell for a sixth month in June to 44 tonnes as a drop in the rupee to record lows lifted local prices to a near 21-month high, curtailing demand, provisional data from GFMS analysts at Thomson Reuters and bank dealers showed.The 25 percent year-on-year drop in purchases by the world's No.2 consumer could weigh on global prices, which fell to their lo...Read More

SINGAPORE/NEW YORK (Reuters) - The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict.MARKET REACTION:The Shanghai Composite index, which recently tumbled into correction te...Read More

(Kitco News)- Theamount of gold held by global exchange-traded funds and similar products fellby 49.3 tonnes to 2,434.3 tonnes in June, the World Gold Council reportedFriday.InU.S. dollar terms, assets under management fell 2.1% from May to $97.9 billion.“Investorsseemed to shrug off poor equity-market performance and escalating global tradetensions, pushing the gold price down by 4.2% in Ju...Read More

(Kitco News) - The amount of gold held by global exchange-traded funds and similar products fell by 49.3 tonnes to 2,434.3 tonnes in June, the World Gold Council reported Friday.In U.S. dollar terms, assets under management fell 2.1% from May to $97.9 billion.“Investors seemed to shrug off poor equity-market performance and escalating global trade tensions, pushing the gold price down by 4.2...Read More

LONDON, July 6 (Reuters) - Private equity-backed Chilean miner Mantos Copper is looking to find a buyer to help finance the expansion of mines it bought from Anglo American in 2015, it said.The company's owner, a consortium led by British investment company Audley Capital Advisors and Orion Mine Finance Group, bought the Mantos Blancos and Mantoverde copper mines from Anglo for $300 million plus $...Read More

SEOUL/WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo met North Korean officials in Pyongyang on Friday, hoping to “fill in” details on how to dismantle the North’s nuclear program and recover the remains of U.S. troops missing from the Korean War.Pompeo met Kim Yong Chol, who played a key role with Pompeo in arranging last month’s summit between U.S. President D...Read More

BERLIN (Reuters) - China’s Premier Li Keqiang called on Berlin to sweep aside barriers hindering Chinese firms’ investment in Europe, urging German companies “not to be afraid” of cooperating with their Chinese counterparts.Li’s message, in an article for the Frankfurter Allgemeine, comes ahead of an intergovernmental summit in Berlin next week, when German manufactur...Read More

The twelve key talks coming up in Chile that will keep copper enthusiasts on their toes. (Data: Chile's Gov't. | Graph: MINING.com.)Copper forecasters are keeping a close eye on Chile these days, as the top-producing country prepares for another busy six months of labour talks.From the 32 contracts set to expire in 2018 at the country's mines, there are still a dozen to be negotiated before year-e...Read More

BZUN 80-day pullbacks have marked major buying opportunities in the pastChina-based e-commerce solutions provider Baozun Inc (NASDAQ:BZUN) has been marching higher on the charts in 2018. The U.S.-traded shares have gained more than 75% year-to-date, easily outperforming the major equity benchmarks. And while BZUN stock has pulled back from its mid-June peak north of $67, data from Schaeffer's Seni...Read More

The twelve key talks coming up in Chile that will keep copper enthusiasts on their toes. (Data: Chile's Gov't. | Graph: MINING.com.)Copper forecasters are keeping a close eye on Chile these days, as the top-producing country prepares for another busy six months of labour talks.From the 32 contracts set to expire in 2018 at the country's mines, there are still a dozen to be negotiated before year-e...Read More

Bitcoin Gold (BTG) Hard Fork Implements New Mining AlgorithmRead full newsRead More