NKE stock is expected hit a new record high at the openNike Inc (NYSE:NKE) is set for a big session, after the athletic apparel retailer unveiled a blowout earnings report. A round of bullish brokerage upbeat analyst notes is only fueling the bullish flames, with NKE stock up 10.9% in electronic trading -- on track to open at a record high.For the fiscal fourth quarter, Nike reported adjusted prof...Read More

There have been some ugly periods in history for gold and silver, but this is one of the ugliest. Neither goldnor silver can catch a bid as they both continue to take the elevator down, making new lows almost every day. Sellers meet every rally attempt, whether it's the commercials or the banks; there is a 1,000-pound gorilla sitting on top of the market. The situation is starting to appear hopele...Read More

There have been some ugly periodsin history for gold and silver, but this is one of the ugliest. Neither goldnor silver can catch a bid as they both continue to take the elevator down,making new lows almost every day.Sellers meet every rally attempt,whether it's the commercials or the banks; there is a 1,000-pound gorillasitting on top of the market. The situation is starting to appear hopeless, a...Read More

GENEVA (Reuters) - President Donald Trump has repeatedly told top White House officials he wants the United States to withdraw from the World Trade Organization, a move that would be potentially calamitous for global commerce, the news website Axios reported on Friday, citing people involved in the discussions.One person who has discussed the subject with Trump, according to Axios, said the presid...Read More

(Reuters) - Ford Motor Co’s (F.N) long-time top lobbyist is leaving the No. 2 U.S. automaker to join Japan’s Softbank Group (9984.T), which is muscling up its Washington efforts, a person briefed on the matter confirmed on Friday.Ziad Ojakli, a Ford group vice president who has led the Detroit auto maker’s government relations strategy since 2004, will leave the company in two we...Read More

SHANGHAI (Reuters) - Asian share markets rallied from nine-month lows on Friday, after China eased foreign investment limits, but underlying sentiment was dampened by worries over trade frictions a week before initial U.S. and Chinese tariffs were set to take effect.MSCI’s broadest index of Asia-Pacific shares outside Japan was 1 percent higher, while Australian shares were flat.Japan’...Read More

(Kitco News)- Goldprices remain relatively unchanged on the day as inflation pressures rise tothe Federal Reserve’s 2% inflation target last month.Friday,The U.S. Department of Commerce said that Personal Consumption ExpendituresIndex, 0.2% in May, in line with expectations. For the year, the data showedthat inflation increased by 2.3%, up from April’s reading of 2.0%.Coreinflation, wh...Read More

(Kitco News)- Gold regained the $1,250 level overnight primarily as aresult of a weaker dollar. We remain unconvinced that the dollar rebound isbased on any fundamental changes, in the short term. The trade has enjoyed astellar performance in the strengthening greenback but the move overnightsuggests traders may have taken some profits on the last trading day of thequarter to lock in good optics...Read More

Chile's government is giving state-owned Codelco $1 billion in "extraordinary" capitalization to help it fund an ambitious plan aimed at upgrading its aging mines and dealing with dwindling ore grades.The country's mining minister, Baldo Prokurica, said the backing was essential for Codelco to keep up production numbers and so remain as the world's No.1 copper miner, Diario Financiero reports...Read More

SEMAFO Inc.(TSX, OMX: SMF) has completed the first gold pour at the Boungou Mine inBurkina Faso, the company repots. The first pour yielded approximately 325ounces of gold. Dry and wet commissioning of the Boungou processing plant werecompleted, as was construction. “The first gold pour at Boungou marks animportant milestone in SEMAFO’s growth trajectory as it signals the beginningof a...Read More

(Reuters) - U.S. stock index futures gained on Friday, as Nike jumped after strong results and as bank stocks rose after clearing the Federal Reserve’s stress tests.The futures, though, fell sharply before recovering after news website Axios said President Donald Trump had repeatedly told his top officials he wants the United States to withdraw from the World Trade Organization.Setting a pos...Read More

(Kitco News) - Gold and silver prices areslightly higher in early U.S. trading Friday. Gold prices did poke to a nearly12-month low overnight, before rebounding a bit. The precious metals aregetting a bit of a lift as the U.S. dollar index is trading solidly lower todayon a corrective pullback after hitting a 12-month high on Thursday. Augustgold futures were last up $1.70 an ounce at $1,252.80. J...Read More

(Kitco News) - Gold and silver prices are slightly higher in early U.S. trading Friday. Gold prices did poke to a nearly 12-month low overnight, before rebounding a bit. The precious metals are getting a bit of a lift as the U.S. dollar index is trading solidly lower today on a corrective pullback after hitting a 12-month high on Thursday. August gold futures were last up $1.70 an ounce at $1,252....Read More

* EU struggles to bridge rift over migration* But vague agreement eases fears of German govt collapse* Euro zone inflation hits 2 pct in June* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds fresh quote, EZ flash inflation data, Greek bond yield move)By Dhara RanasingheLONDON, June 29 (Reuters) - German bond yields pulled back from recent one-month lows on Friday aft...Read More

* Gold mining resumes, power restored after Feb. 26 quake* Electricity repairs 5 months ahead of schedule - miner (Updates with Barrick statement)SYDNEY, June 29 (Reuters) - Mining has resumed and power has been restored at the Porgera gold mine in Papua New Guinea’s remote highlands run by Barrick Gold Co, four months after an earthquake disrupted production, the mine’s operator said....Read More

BEIJING, June 29 (Reuters) - China's central bank on Friday revised up the value of its end-May gold reserves to $77.323 billion, from $73.739 billion stated earlier this month.The central bank did not provide an explanation for the changed figure. The total amount of gold it held at end-May remained unchanged at 59.240 million fine troy ounces in the central bank's revised statement on Friday.Rep...Read More

BISHKEK, June 29 (Reuters) - Kyrgyzstan's parliament will review in September an agreement that settles mutual claims with Canada's Centerra Gold, after which environmental payments by the company might grow, parliament speaker Dastan Jumabekov said on Friday.The Central Asian nation's government and Centerra, which operates giant Kyrgyz gold mine Kumtor, last week postponed until July 23 the dead...Read More

LONDON (Reuters) - Bitcoin’s value slid to its lowest level since November on Friday, as waning investor interest and recent negative headlines from global regulators weakened demand for the cryptocurrency and most of its rivals.Virtual currencies, including the best-known and biggest, bitcoin, have been stuck in a downward trend for most of 2018 after last year’s frenzied interest fiz...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

* Spot gold near 6-month lows* India prices at discount of up to $2* China premiums at $2-$4By Rajendra Jadhav and Karen RodriguesMUMBAI/BENGALURU, June 29 (Reuters) - Gold demand improved this week in India as prices fell to their lowest level in nearly three months, while demand elsewhere in Asia remained tepid as investors waited for prices to fall further.Gold futures in India were trading at...Read More