Recent News

'Currency Play' Can Benefit Gold Traders - Westpac

July 03, 2018 / www.kitco.com

(Kitco News) - With the U.S. dollar story still dominating the gold market, precious metals traders should be looking at a “currency play,” according to one commodity analyst at Westpac.Gold prices have been dragged down by a rallying U.S. dollar during the past month, hitting another 12-month low overnight. Despite Tuesday’s small rebound, gold is still unable to attract its us...Read More

Nestle, Hershey at odds with farmers over U.S. GMO labeling

July 03, 2018 / www.kitco.com

NEW YORK (Reuters) - The world’s top food companies and farmers of crops such as beet sugar are pitted against each other as they lobby the U.S. government over plans to label genetically engineered ingredients.At the heart of the issue is transparency over ingredients used in food. Packaged foods makers are facing flagging consumer trust and stagnating demand for some core products as consu...Read More

Do you know these 5 basic facts about #gold? Tell us if any of them surprised you!:

July 03, 2018 / ow.ly

Looking to invest in gold? Here are five basic facts about gold investors interested in the yellow metal should know about.Read full newsRead More

Dow Chemical settles SEC charges for failing to report ex-CEO's perks

July 03, 2018 / www.kitco.com

NEW YORK (Reuters) - A three-year U.S. Securities and Exchange Commission investigation found that Dow Chemical failed to properly disclose around $3 million in perks for former Chief Executive Andrew Liveris, ranging from personal use of company aircraft to sporting events and dues Dow paid to a charity Liveris chaired.In a statement issued Monday, the SEC said it settled charges with Dow related...Read More

Haywood Securities today offering historic perspective on recent #nickel price strength, noting "prices appear to b...

July 03, 2018 / twitter.com

"Haywood Securities today offering historic perspective on recent #nickel price strength, noting "prices appear to be making a long-term breakout." Prices below shown on $/lb basis"Read full newsRead More

Over 40 countries object at WTO to U.S. car tariff plan

July 03, 2018 / www.kitco.com

GENEVA (Reuters) - Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization (WTO) on Tuesday about possible U.S. measures imposing additional duties on imported autos and parts.Japan, which along with Russia had initiated the discussion at the WTO Council on Trade in Goods, warned that such measures could trigger a spiral of coun...Read More

Over 40 countries object at WTO to U.S. car tariff plan

July 03, 2018 / www.kitco.com

GENEVA (Reuters) - Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization (WTO) on Tuesday about possible U.S. measures imposing additional duties on imported autos and parts.Japan, which along with Russia had initiated the discussion at the WTO Council on Trade in Goods, warned that such measures could trigger a spiral of coun...Read More

Trump spoke with Senator Mike Lee about Supreme Court: report

July 03, 2018 / www.kitco.com

WASHINGTON (Reuters) - President Donald Trump spoke with Republican Senator Mike Lee of Utah about the coming vacancy on the U.S. Supreme Court, Utah's Deseret News reported on Tuesday.Lee confirmed he spoke with Trump by telephone on Monday but did not elaborate, the newspaper said. Lee and his brother, Utah Supreme Court Justice Thomas Rex Lee, are both on Trump's list of potential nominees.(Cor...Read More

Gold price 'cleared for rally' after hedge funds dump 700 tonnes

July 03, 2018 / www.mining.com

Gold enjoyed one of its best trading days in months on Tuesday, bouncing off its 2018 low struck on Monday. Gold for delivery in August, the most active contract on the Comex market in New York, touched a high of $1,258.50 an ounce in the morning.Surprisingly brisk pre-holiday trading saw 28m ounces exchange hands, pushing the metal up 1.3% from yesterday's settlement price. The recovery came afte...Read More

Gold price 'cleared for rally' after hedge funds dump 700 tonnes

July 03, 2018 / www.mining.com

Gold enjoyed one of its best trading days in months on Tuesday, bouncing off its 2018 low struck on Monday. Gold for delivery in August, the most active contract on the Comex market in New York, touched a high of $1,258.50 an ounce in the morning.Surprisingly brisk pre-holiday trading saw 28m ounces exchange hands, pushing the metal up 1.3% from yesterday's settlement price. The recovery came afte...Read More

Merkel's migrant deal hangs on Social Democrat, EU approval

July 03, 2018 / www.kitco.com

BERLIN (Reuters) - A migrant policy deal struck by Chancellor Angela Merkel to save the German government got a skeptical reception on Tuesday from her Social Democrat coalition partners, although Brussels said it appeared at first sight to comply with European law.The center-right leader needs the backing of both her junior coalition partner and fellow European Union states if the plan is to succ...Read More

Dollar slides as risk appetite picks up ahead of U.S. holiday

July 03, 2018 / www.kitco.com

NEW YORK (Reuters) - The dollar fell on Tuesday in thin pre-holiday trading, as investors consolidated recent gains and focused less on trade tensions, raising the market’s risk appetite and prompting some flows into other currencies such as the euro and Australian dollar.Ahead of the U.S. Independence Day holiday on Wednesday, market sentiment also improved after the Chinese central bank mo...Read More

Dollar slides as risk appetite picks up ahead of U.S. holiday

July 03, 2018 / www.kitco.com

NEW YORK (Reuters) - The dollar fell on Tuesday in thin pre-holiday trading, as investors consolidated recent gains and focused less on trade tensions, raising the market’s risk appetite and prompting some flows into other currencies such as the euro and Australian dollar.Ahead of the U.S. Independence Day holiday on Wednesday, market sentiment also improved after the Chinese central bank mo...Read More

Pompeo to visit Mexico, president-elect Lopez Obrador says

July 03, 2018 / www.kitco.com

MEXICO CITY (Reuters) - U.S. Secretary of State Mike Pompeo will visit Mexico soon to meet with Andres Manuel Lopez Obrador, the Mexican president-elect said on Tuesday, adding that his transition team would work in lockstep with current negotiators on NAFTA talks.Reporting by Daina Beth Solomon Disclaimer: The views expressed in this article are those of the author and may not reflect those of K...Read More

Trump administration must turn over information about 2020 census question

July 03, 2018 / www.kitco.com

NEW YORK (Reuters) - A federal judge on Tuesday ordered President Donald Trump’s administration to hand information about its plan to ask people filling out the 2020 census form whether they are U.S. citizens over to a group of states and cities suing the administration over the question.At a hearing in Manhattan federal court, U.S. District Judge Jesse Furman also said he would likely deny...Read More

China Presses Europe For Anti-U.S. Alliance On Trade

July 03, 2018 / www.kitco.com

Robin Emmott, Noah BarkinBRUSSELS/BERLIN (Reuters) - China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said.In meetings in Brussels, Berlin and Beijing, senior Chinese officials, including Vice Premier Liu He and the Chinese government&rsqu...Read More

Dips in Facebook and Apple leave Wall Street lower

July 03, 2018 / www.kitco.com

(Reuters) - Wall Street dipped on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session ending early ahead of the U.S. July 4 holiday.Facebook dropped 2.35 percent after the Washington Post reported a federal probe on the data breach linked to Cambridge Analytica was broadened and will include more government agencies.The dip in the social media company’s...Read More

Drilling at Alvito IOCG Project Continues with Supplemental Program @Avrupa_Minerals

July 03, 2018 / bit.ly

Avrupa Minerals (TSXV:AVU) is pleased to provide an update on drilling at the Alvito IOCG Project in South Portugal. Read full newsRead More

SocGen targets German growth with Commerzbank funds deal

July 03, 2018 / www.kitco.com

PARIS (Reuters) - Societe Generale (SOGN.PA) will buy Commerzbank’s (CBKG.DE) derivatives and asset management businesses in a move the French bank said will boost its Lyxor funds division and raise its profile in Germany, the euro zone’s biggest economy.Still partly owned by the German government, Commerzbank is in restructuring mode as parts of its business have struggled amid weak m...Read More

Bruised but still standing: Merkel survives coalition migrant dispute

July 03, 2018 / www.kitco.com

BERLIN (Reuters) - Angela Merkel’s face-saving deal with her conservative allies in Bavaria shows how indispensable the chancellor is to her party - even if she is weakened.Merkel has not resolved the underlying tensions in her coalition. But a dearth of credible challengers to lead her Christian Democrats (CDU) and a general fear among many Germans of the far-right keep her hanging on, poss...Read More

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