(Kitco News)- The amount of gold and silver transferred between accounts of London Bullion Market Association members fell during May, the organization reported Monday.The LBMA releases clearing statistics each month showing the net volume of gold and silver transferred between accounts of members, essentially providing a snapshot of the amount of trading activity.The average number of gold ounces...Read More

BEIJING, July 4 (Reuters) - China's top steel maker China Baowu Steel Group will move 4.03 million tonnes of iron-making capacity and 4.55 million tonnes of steelmaking capacity to middle and southern provinces from eastern regions of Shanghai and JiangsuMove is in line with Beijing's push to relocate heavy industries from polluted and crowded regions to places with less environmental pressureSome...Read More

Asian buying of gold has picked up lately as the price hasfallen, and this may slow any further price declines in the precious metal,says Mitsubishi. “With gold prices down at six-month lows, Chinese buyers havebeen very assertive of late,” the firm says. Turnover on the Shanghai GoldExchange’s gold contract has been 11.5% higher in the last 10 days, compared tothe same period in...Read More

WBA stock just had its worst week since August 2014Brokerage firm Mizuho this morning downgraded new Dow component Walgreens Boots Alliance Inc (NASDAQ:WBA) to "neutral" from "buy," and dropped its price target to $64 from $77. The bear note was all about Amazon's (AMZN) push into the pharmacy space following last week's PillPack purchase. For example, Mizuho believes the growing threat of Amazon...Read More

MCXG stock hit a four-year low earlierA number of top executives have resigned at MiMedx Group Inc (NASDAQ:MDXG) amid an ongoing internal investigation over the biopharmaceutical firm's accounting practices. Most recently, CEO Pete Petit and Chief Operating Officer Bill Taylor are out, following the early June departure of the company's chief financial officer. In reaction, MDXG stock has plummete...Read More

(Kitco News)- Money managers have reversed to atiny net-short position in gold futures, the first time they have not been netbullish in more than two years, according to the most recent weekly data fromthe Commodity Futures Trading Commission.During the week-long period toJune 26 that was covered by the report, Comex August gold fell by $18.70 to$1,259.90 an ounce, while July silver lost 7.3 cents...Read More

(Kitco News) - Money managers have reversed to a tiny net-short position in gold futures, the first time they have not been net bullish in more than two years, according to the most recent weekly data from the Commodity Futures Trading Commission.During the week-long period to June 26 that was covered by the report, Comex August gold fell by $18.70 to $1,259.90 an ounce, while July silver lost 7.3...Read More

BENGALURU/HONG KONG (Reuters) - Manufacturing activity took a hit in June across Europe and Asia, with exporters losing momentum even before promised trade tariffs kick in, underscoring worries the U.S. administration's protectionist policies could derail global growth.U.S. President Donald Trump has threatened tariffs on European cars on top of duties he imposed on steel imports from the European...Read More

CEO Elon Musk yesterday tweeted that the company had met its production goalShares of Tesla Inc (NASDAQ:TSLA) are higher in early trading, afterCEO Elon Musk tweeted the company produced 7,000 cars in one week, including 5,000 Model 3 electric sedans -- meeting its end-of-June goal. What's more, the firm has reportedly raised its Model 3 production goal to 6,000 vehicles per week by late August....Read More

JWN is now testing its 80-day moving average Nordstrom, Inc. (NYSE:JWN) stock is down 4.9% to trade at $49.25, after Cowen issued a downgrade to "market perform" from "outperform," while slashing its price target to $51 from $56. The analyst in coverage says the equity lacks near-term upside, citing store traffic and risks to margins, while calling out potential weakness from the department store...Read More

BRUSSELS (Reuters) - Unemployment in the 19 countries sharing the euro currency was unchanged in May, European statistics office Eurostat said on Monday, defying economists' expectations of a worsening job market.Euro zone unemployment was stable at 8.4 percent in May, with the number of job seekers falling slightly compared to April to 13.66 million. Economists polled by Reuters had on average ex...Read More

LONDON (Reuters) - The dollar edged higher on Monday, closing in on last week's one-year high, as investors ramped up bets that escalating trade tensions between the U.S. and its trade partners will hurt the world's biggest economy the least for now.Tension is growing ahead of a July 6 deadline when Washington is due to impose $34 billion of tariffs on Chinese exports, with two surveys of Chinese...Read More

LONDON (Reuters) - The dollar edged higher on Monday, closing in on last week's one-year high, as investors ramped up bets that escalating trade tensions between the U.S. and its trade partners will hurt the world's biggest economy the least for now.Tension is growing ahead of a July 6 deadline when Washington is due to impose $34 billion of tariffs on Chinese exports, with two surveys of Chinese...Read More

* Germany's bond yield dips to lowest in almost 5 weeks* Trade wars fears lift demand for bond safe havens* German two-to-10-year yield gap tightest in a year* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, broader market moves, fresh comment)LONDON, July 2 (Reuters) - German 10-year bond yields dipped to five-week lows on Monday, pushed down by political uncertainty in Ge...Read More

WASHINGTON (Reuters) - The U.S. Chamber of Commerce, the nation's largest business group and customarily a close ally of President Donald Trump's Republican Party, is launching a campaign on Monday to oppose Trump's trade tariff policies.With some of America's tightest trading partners imposing retaliatory measures, Trump's approach to tariffs has unsettled financial markets and strained relations...Read More

BRUSSELS (Reuters) - The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports.In a 10-page submission to the United States Commerce Department sent last Friday, the European Union said tariffs on cars and car parts were unjusti...Read More

MEXICO CITY (Reuters) - Mexico's new president Andres Manuel Lopez Obrador said he would pursue friend and foe alike in a crackdown on corruption after voters handed him a powerful mandate for government with a landslide election victory on Sunday.Lopez Obrador, the first leftist president since the end of one-party rule in 2000, won between 53 and 53.8 percent of votes, according to a quick count...Read More

SEOUL/WASHINGTON (Reuters) - White House national security adviser John Bolton said on Sunday he believed the bulk of North Korea's weapons programs could be dismantled within a year, as the United States and North Korea resumed working-level talks.Bolton told CBS's "Face the Nation" that Washington has devised a program to dismantle North Korea's weapons of mass destruction - chemical,...Read More

LONDON, July 2 (Reuters) - Copper prices hit three-month lows on Monday as the market priced in weaker demand in top consumer China, which is embroiled in the trade spat with the United States even as its manufacturing sector slows.Benchmark copper traded down 0.5 percent at $6,590 a tonne in official rings from an earlier $6,550 a tonne, its lowest since March 26. Prices of the metal used widely...Read More

A court in the Democratic Republic of Congo suspended a hearing about a lawsuit brought by a former shareholder of a Glencore Plc-owned cobalt and copper mine.The case was put on hold pending a decision by the country's Court of Appeal on whether the High Court should have jurisdiction over the case, Judge Roger Songambele said at the court Monday in the capital, Kinshasa.Congolese-American busine...Read More