* Trade war worries drag world stocks lower, yuan steadies * Fed June minutes due Thursday, payrolls due Friday (Updates throughout)By Marcy Nicholson and Maytaal AngelCALGARY/LONDON, July 4 (Reuters) - Gold rose to a one-weekhigh on Wednesday, extending the prior session's rebound from aseven-month low, helped by a softer U.S. dollar and smolderingtrade policy tensions, though the prospect of the...Read More
The S&P managed a positive 1H in 2018 despite a major pullback early onThe first half of 2018 is over, meaning we are entering the third quarter, which historically has been the worst quarter of the year. You can see in the tables below it's the only quarter averaging a loss over the past 20 and 50 years. On the bright side, five of the past six third quarters have been positive.These results are...Read More
Gold shows early signs of bottoming out. But only a close today above $1,257 would confirm a short-term bull reversal. Currently, gold (XAU/UD) is trading at $1,257, having clocked a session high and low of $1,260 and $1,254, respectively. The yellow metal created a bullish outside-day candle on Tuesday, signaling the sell-off from the April high of $1,365 may have run out of steam. However, onl...Read More
Indonesia has extended a short-term operating permit for Freeport McMoRan's (NYSE:FCX) vast Grasberg copper-gold mine until the end of July, while discussions over granting the government a majority ownership in the operation are finalized.Coal and Minerals Director General Bambang Gatot Ariyono told The Jakarta Post that the extension had been given based on four key issues that still needed fine...Read More
Indonesia has extended a short-term operating permit for Freeport McMoRan's (NYSE:FCX) vast Grasberg copper-gold mine until the end of July, while discussions over granting the government a majority ownership in the operation are finalized.Coal and Minerals Director General Bambang Gatot Ariyono told The Jakarta Post that the extension had been given based on four key issues that still needed fine...Read More
Indonesia has extended a short-term operating permit for Freeport McMoRan's (NYSE:FCX) vast Grasberg copper-gold mine until the end of July, while discussions over granting the government a majority ownership in the operation are finalized.Coal and Minerals Director General Bambang Gatot Ariyono told The Jakarta Post that the extension had been given based on four key issues that still needed fine...Read More
A loan of $1,400 helps a member to buy fertilizer so her rice farmland will produce more than before.Read full newsRead More
A loan of $1,400 helps a member to buy fertilizer so her rice farmland will produce more than before.Read full newsRead More
* Support for gold comes in at $1,236/oz - MKS trader * Trade war concerns weigh on Asian stocks (Recasts, adds comments, and updates prices)By Karen RodriguesBENGALURU, July 3 (Reuters) - Gold prices recovered from anearly seven-month low on Tuesday as dollar eased and Asianshares sank amid heightening trade friction between the UnitedStates and major economies.Spot gold was up 0.3 percent at $1,...Read More
The latest news and price moves to start the Asian day on Wednesday July 4.Zinc prices on the London Metal Exchange struggled at the close of trading on Tuesday July 3, falling by 1.1% during the afternoon and dipping below $2,800 per tonne for the first time since August 2017 amid broadly bearish trading conditions. Read more in our live futures report.Here are how prices looked at the close of t...Read More
SHANGHAI, Jul 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched down to close at 94.58 on a stronger euro before the US Independence Day holiday. Base metals mostly went down, however, due to worries over global trade conflicts and weak Chinese manufacturing data released earlier this week. LME zinc le...Read More
By Sudarshan VaradhanCHENNAI, July 3 (Reuters) - Vedanta Ltd VDAN.NS has sought a permanent injunction against the Tamil Nadu (NS:TNNP) state government from interfering with the operations of its copper smelter, according to a petition filed with the country's environmental court.The Indian company, subsidiary of billionaire Anil Agarwal-controlled Vedanta Resources VED.L , also asked the court...Read More
By Ben MartinLONDON, July 3 (Reuters) - Billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources VED.L and take the London-listed Indian miner private.Vedanta, chaired by its 64-year-old founder Agarwal, on Monday announced that its independent board directors were prepared to back an 825 pence-a-share bid from Agarwal's famil...Read More
* FTSE 100 up 0.6 pct at close* Glencore drops after U.S. subpoena* IAG rises after price target increase (Adds detail, updates prices at close)By Kit ReesLONDON, July 3 (Reuters) - Britain's top share index climbed on Tuesday following a shaky start to the month, although mining giant Glencore GLEN.L fell after one of its subsidiaries received a U.S. subpoena.The blue-chip FTSE 100 .FTSE index...Read More
Investing.com - Gold prices were higher on Tuesday as the greenback fell and trade tensions lingered.Comex gold futures for August delivery surged 1.12% to $1,255.70 a troy ounce as of 11:01 AM ET (15:01 GMT).Trading is expected to be thin ahead of the U.S. independence day holiday, with the U.S. stock market closing early at 1:00 P.M. ET (17:00 GMT).Gold was bolstered by a weaker U.S. dollar. Gol...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.3 pct* Glencore drops after U.S. subpoena* IAG rises after price target increaseBy Kit ReesLONDON, July 3 (Reuters) - The UK's top share index climbed on Tuesday following a shaky start to the month, although mining giant Glencore GLEN.L fell after one of its subsidiaries received a U.S. subpoena.The blue-chi...Read More
* Trade war concerns grow as July 6 U.S. tariff deadline nears* Shanghai stocks lowest in 28 months, Hang Seng dives over 3 pct* Chinese yuan slips past 6.7 per dollar for 1st time in a year* Merkel says compromise reached on migration issue* European stocks seen opening higherBy Tomo UetakeTOKYO, July 3 (Reuters) - Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity marke...Read More
The latest news and price moves to start the Asian day on Wednesday July 4.Zinc prices on the London Metal Exchange struggled at the close of trading on Tuesday July 3, falling by 1.1% during the afternoon and dipping below $2,800 per tonne for the first time since August 2017 amid broadly bearish trading conditions. Read more in our live futures report.Here are how prices looked at the close of t...Read More
Wheaton Precious Metals Corp. (TSX:WPM)(NYSE:WPM) has seen its share price climb steadily (or perhaps not so steadily, if you've been watching it like a hawk) since February. A silver and gold streamer doing business in Canada and across the world, Wheaton Precious Metals is now trading for $29.51, which is somewhat overvalued.However, Wheaton Precious Metals has caught the eye of a number of anal...Read More