Bitcoin Gold (BTG) Hard Fork Implements New Mining AlgorithmRead full newsRead More
* Premiums in India of up to $1.5/oz over local price* Investors remain wary over U.S.-China trade tensions* Premiums in China, Hong Kong little changedBy Rajendra Jadhav and Apeksha NairMUMBAI/BENGALURU, July 6 (Reuters) - Gold was sold at a premium in India this week after a drop in domestic prices boosted demand, while buyers elsewhere in Asia were sidelined, waiting how the escalating trade te...Read More
BEIJING/WASHINGTON (Reuters) - The United States and China slapped tit-for-tat duties on $34 billion worth of the 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.Hours before Washington’s deadline for the tariffs to take effect, U.S. President...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
Can gold keep rallying? The simple answer is yes, although of course, there is the jobs number at 8:30 a.m. EDT that can be a help or hindrance. According to the charts, gold has room to run another $20 before seeing any real resistance. That move can come slowly or all at once, depending on what the job numbers say today. The action in the metals has been better over the last week and the rally s...Read More
Can gold keep rallying? Thesimple answer is yes, although of course, there is the jobs number at 8:30 a.m.EDT that can be a help or hindrance. According to the charts, gold has room torun another $20 before seeing any real resistance. That move can come slowly orall at once, depending on what the job numbers say today.The action in the metals has beenbetter over the last week and the rally should...Read More
Gold & Silver Spot Gold awesome trade this week as we pick the exact low for the 3 month correction. The break above 1255/56 targets 1260/61 & we topped exactly here. Further gains expected eventually to 1265 & resistance at 1267/69. Strong resistance at 1272/74 is more of a challenge so we take all remaining profits here.Failure to hold above 1253 risks a slide to 1247/45. Downside ex...Read More
It depends on how you measure it.Read full newsRead More
* Spot gold up 0.2 percent for the week * Tariffs on $34 bln of Chinese goods kick in* U.S. jobs data weighs on dollar(Updates prices, headline; adds comment, byline, NEW YORK todateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, July 6 (Reuters) - Gold fell on Friday, butbounced off session lows as the dollar weakened and equitiesrose, yet bullion was on track for a small weekly gain am...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Friday production fell sharply again in the second quarter of the year as a long-dragged row with the East African nation's government over taxes continues to hit the miner's bottom line.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), said gold production for the three months to June dropped 36% to 133,778 ounces as operat...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Friday production fell sharply again in the second quarter of the year as a long-dragged row with the East African nation's government over taxes continues to hit the miner's bottom line.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), said gold production for the three months to June dropped 36% to 133,778 ounces as operat...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Friday production fell sharply again in the second quarter of the year as a long-dragged row with the East African nation's government over taxes continues to hit the miner's bottom line.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), said gold production for the three months to June dropped 36% to 133,778 ounces as operat...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Friday production fell sharply again in the second quarter of the year as a long-dragged row with the East African nation's government over taxes continues to hit the miner's bottom line.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), said gold production for the three months to June dropped 36% to 133,778 ounces as operat...Read More
Vancouver, British Columbia, July 6, 2018 - FinCanna Capital Corp. ("FinCanna") (CSE: CALI) a royalty company for the U.S. licensed medical cannabis industry, announces that it has closed its second and final tranche of the oversubscribed private placement previously announced on June 15 and upsized on June 18, 27 and 29, 2018. The Company issued an additional 2,270,422 Units at a price of $0.3...Read More
The US-China trade war has become a reality, but gold remains in the red. The absence of safe-haven bids makes the yellow metal more vulnerable to strong US non-farm payrolls report. The US-China trade war has become a reality after multiple rounds of failed talks, still, gold, a classic safe-haven asset, is reporting marginal losses at the time of writing. The US President Trump's initial r...Read More
Japanese trading house Mitsui & Co may boost its stake in Brazil's Vale SA if other shareholders sell part of their holdings, a senior executive said, giving it greater influence over the iron ore giant's management.Several Brazilian pension funds and BNDESPar, the investment arm of state development bank BNDES have been considering the sale of part of their stakes in Vale, equating to about 3 per...Read More
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (July 6, 2018). By Scott Patterson and Rebecca Davis O'Brien American authorities are probing ties between Glencore PLC and an Israeli diamond merchant, according to people familiar with the matter, embroiling the mining giant in foreign a...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Thursday as the U.S. readies $34 billion of tariffs on China-made goods.U.S. automakers were higher after a report said Donald Trump could suspend his threat to slap a new 25% tariff on imports from the European Union.The private sector in the U.S. added 177,000 jobs in June...Read More
(Kitco News) - Gold has been held back by a stronger U.S. dollar but the yellow metal could get a boost if the Federal Reserve reigns in on rate hikes, this according to Chris Mancini, research analyst at Gabelli Funds. "I think what ultimately drives the gold price higher will be the Fed pausing and then the market pricing in the Fed easing. And so if the Fed is easing while the ECB [E...Read More
The latest news and price moves to start the Asian day on Friday July 6.Base metals on the London Metal Exchange were mixed at the close of trading on Thursday July 5, pressured by macroeconomic uncertainty amid continued sell-offs in copper, zinc and tin prices. Read more in our live futures report.Here are how prices looked at the close of trading:Metals packager Ball Corp plans to cease product...Read More