A number of news reports on fresh trade tensions are sinking stocks pre-marketStocks are set to start the third quarter on a negative note, withDow Jones Industrial Average (DJI) futures trading well below fair value. Trade concerns are the story once again, as reports circulate that the Trump administration is considering a bill that would allow the White House unilateral power to increase tariff...Read More
* Majority stake purchase seen valued at $3.5-$4.0 bln -minister* Govt drafting documentation on taxation, operational control* Deal might be completed in July - officialBy Cindy SilvianaJAKARTA, June 30 (Reuters) - Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government of...Read More
* Majority stake purchase seen valued at $3.5-$4.0 bln -minister* Govt drafting documentation on taxation, operational control* Deal might be completed in July - officialBy Cindy SilvianaJAKARTA, June 30 (Reuters) - Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government of...Read More
* Majority stake purchase seen valued at $3.5-$4.0 bln -minister* Govt drafting documentation on taxation, operational control* Deal might be completed in July - officialBy Cindy SilvianaJAKARTA, June 30 (Reuters) - Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government of...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-terma charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tre...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-terma charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tre...Read More
July 2 (Reuters) - The Perth Mint's sales of gold products increased about 14 percent in June, from an over one-year low in May, while silver sales dived about 60 percent, the mint said on Monday.Sales of gold coins and minted bars climbed to 16,847 ounces in June, up from a 13-month low of 14,800 ounces reported in May, the mint said in a blog post.Gold sales in June were, however, down 12.5 perc...Read More
(Kitco News)- Gold and silver prices are moderately lower in early U.S. trading Monday. Gold isnot far above last week’s 12-month low, while silver futures hit a 6.5-monthlow overnight. A firmer U.S. dollar index is a negative for the precious metalsto start the trading week. August gold futures were last down $4.10 an ounce at$1,250.30. July Comex silver was last down $0.194 at $15.91 an ou...Read More
A break of SPX 2,700 could have dangerous short-term implications for the stock market"I see the 2,700-2,715 area as important not only because 2,700 represents a round century mark, but also because this is the zone where buyers stepped in when the index broke above a trendline connecting a series of lower highs since late January. Additionally, 2,706 is quadruple the SPX bear-market closing low...Read More
By Oliver Griffin Glencore PLC (GLEN.LN) said late on Friday that Glencore Energy has, through its Brazilian subsidiary, agreed to acquire 78% of ALE Combustiveis. The Anglo-Swiss commodities trader said that ALE Combustiveis is the fourth largest fuel distributor in Brazil and has a network of around 1,500 gas stations in 22 states, as well as 260 convenience stores. No financial information was...Read More
Gold prices edged lower on Monday as the dollar firmed after last week's U.S. inflation data supported the Federal Reserve's outlook for future interest rate increases.Read full newsRead More
Gold prices edged down inearly Asian trade on Monday as the dollar firmed, changingdirection from Friday when the metal rose for the first time infive sessions.FUNDAMENTALS* Spot goldwas down 0.1 percent at $1,250.95 anounce as of 0116 GMT. It gained about 0.4 percent on Friday.* U.S. gold futures were 0.1-percent lower at$1,252.70 an ounce.* The dollar index , which measures the greenbackagainst...Read More
The world is in the middle of a second gold rush — but it’s not gold they’re mining today. It’s Bitcoin and other cryptocurrencies, ones and zeroes that are being...Read full newsRead More
About two months ago, a senior Facebook exec predicted that social sharing via the company's variousRead full newsRead More
The management team of a Toronto and Vancouver based mining company, First Mining Gold Corp. believes the Hope Brook mine, located 20 kilometers west of Burgeo, could be the source of a gold boon for... | juin 23,2018Read full newsRead More
(Bloomberg) - Billionaire Anil Agarwal added to a string of commodities deals with plans to buy out minority investors in Vedanta Resources Plc, the resources group that he's seeking to transform into one of the world's largest.Agarwal's Volcan Investments Ltd. will offer 825 pence a share for the 33.5 percent of Vedanta it doesn't already own and plans to cancel its London listing. Vedanta surge...Read More
(Bloomberg) - Billionaire Anil Agarwal added to a string of commodities deals with plans to buy out minority investors in Vedanta Resources Plc, the resources group that he's seeking to transform into one of the world's largest.Agarwal's Volcan Investments Ltd. will offer 825 pence a share for the 33.5 percent of Vedanta it doesn't already own and plans to cancel its London listing. Vedanta surge...Read More
* Dollar hits fresh 6-week high vs yen * Platinum hits lowest since Jan. 2016 * Specs cut net long positions in gold, silver in week toJune 26 * SPDR holdings fell to lowest since Aug. 2017 (Adds comment, details and updates prices)By Karen RodriguesBENGALURU, July 2 (Reuters) - Gold prices edged lower onMonday as the dollar firmed after last week's U.S. inflationdata supported the Federal Reserve...Read More
Gold in a minor correction, resistances look to be $1,255/68. The precious metal has plenty scheduled this week as a potential catalyst. Gold is currently trading at $1,251.94/oz, with a high of $1,254.38/oz and a low of $1,250.94/oz, steady awaiting this week's key scheduled developments from geopolitical risks to nonfarm payrolls. Last week, gold managed a small gain in the August f...Read More
World manganese ore supply rose 2% year on year in May and was stable compared with April, according to the latest data from the International Manganese Institute (IMnI).May supply totaled 1.66 million tonnes dry metric tonnes. World demand in May rose 2.6% year on year and 12.9% compared with April to 1.62 million tonnes.Supply...Read More