(Kitco News)- Labor Department data Thursday showed that initial weekly U.S.jobless claims rose by 9,000 to a higher-than-expected seasonally adjusted227,000 in the week to Saturday. Consensus forecasts compiled by various news organizations hadcalled for initial claims to be around 220,000. The government left the priorweek's tally unrevised at the previously reported 218,000. Meanwhile, th...Read More

US miner NioCorp Developments (OTCMKTS:NIOBF)(TSX:NB) revealed Thursday is about to receive a $1 million-shot in the arm from an entity managed by The Lind Partners, a New York-based asset management firm.The Colorado-based company, which expects to receive the funding on or around July 9, is in the midst of developing its huge Elk Creek superalloy project in southeast Nebraska, which some polit...Read More

MOSCOW (Reuters) - A summit between Russian President Vladimir Putin and U.S. President Donald Trump will take place in Helsinki, the capital of Finland, on July 16, the Kremlin said in a statement on Thursday.The Kremlin said the two leaders would discuss the current state and outlook for U.S.-Russia relations as well as international issues.Moscow and Washington struck a deal on Wednesday to hol...Read More

Downside for gold is extremely limited.Holding bullion vs mining stocks.Silver promising with demand from electric vehicles and renewable energy.Electric vehicles - an inevitable trend.SBTV spoke with Daniel Ameduri of Future Money Trends to discuss gold, silver, mining stocks and the future for cryptocurrencies. Daniel also shares about how silver demand from electric vehicle applications and ren...Read More

(Reuters) - U.S. stock index futures rose slightly on Thursday, after China approved a U.S. chipmaker deal and Accenture posted strong results, but uncertainty about Washington's trade stance with China weighed on the mood.Chipmaker Marvell Technology jumped 11.8 percent in premarket trading after the company said it got Chinese regulatory approval for its $6 billion acquisition of smaller rival C...Read More

BEIJING (Reuters) - China's central bank said on Thursday that it will keep its prudent monetary policy neutral, neither too tight nor too loose.The People's Bank of China will keep liquidity reasonably ample and guide reasonable growth of credit and social financing, the bank said in a statement after a second-quarter meeting of its monetary policy committee.The central bank also pledged to deepe...Read More

WASHINGTON (Reuters) - Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars.A coalition representing major foreign automakers including Toyota Motor Corp, Volkswagen AG (VOWG_p.DE), BM...Read More

(Reuters) - Walgreens Boots Alliance Inc’s (WBA.O) third-quarter profit beat analysts’ expectations on Thursday, benefiting from its acquisition of Rite Aid Corp (RAD.N) stores, and the drugstore chain authorized a $10 billion share buyback program.Walgreens scrapped its deal to buy Rite Aid outright last year after failing to win antitrust approval, and said it would instead buy some...Read More

(Kitco News) - Gold and silver prices aretrading modestly lower in early U.S. dealings Thursday. Gold hit a nearly 12-monthlow overnight. Gold bulls need a good dose of bullish fundamental news.Chart-based sellers in the futures markets have been emboldened this week, amidprice downtrends in place for gold and silver. However, both markets are nowtechnically oversold on a short-term basis and due...Read More

BERLIN, June 28 (Reuters) - Inflation in some German regions held this month above the target rate set by the European Central Bank, data showed on Thursday, pointing to robust consumer demand and supporting the ECB's decision to shut its bond purchase scheme in December.With inflation firming in the euro zone, the ECB said earlier this month it would end its crisis-era bond buying programme - ori...Read More

LONDON (Reuters) - Britain said on Thursday it was already seeing evidence that it may need to take action to protect the country’s steel industry from the impact of U.S. tariffs, and was discussing the matter with the European Union.“We are looking to see what impact there may be from any diversion and whether we need to introduce safeguards to protect UK steel producers,” Inter...Read More

SEOUL (Reuters) - A South Korean trade group on Thursday asked the United States for exemption from a tariff on automobile imports for the Asian country, citing a security alliance and a bilateral trade deal.U.S. President Donald Trump has threatened to impose tariffs on auto imports and foreign-made car parts after the Commerce Department finishes an investigation into the national security risks...Read More

* BOJ’s ETF buy hopes curb early drops - traders* Nikkei Volatility Index soars to 2-1/2-month high* Showa Shell falls 3.8 percent* Immediate support seen at 21,931.65, hit a month agoBy Ayai TomisawaTOKYO, June 28 (Reuters) - Japan’s Nikkei ended flat but near one-month lows on Thursday, taking its cue from weakness on Wall Street as a simmering trade row between the United States and...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

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

LONDON (Reuters) - The dollar turned lower on Thursday, giving up early gains as rising inflation in some German regions prompted some traders to buy the euro, though rebalancing flows for the half year checked sharp losses.With concerns about trade dominating global market sentiment, pushing stock markets and other risky assets into the red, perceived safe-haven currencies including the Japanese...Read More

OTTAWA (Reuters) - The Canadian government said on Wednesday it had rejected the proposed Ajax open pit gold and copper mine in the Pacific province of British Columbia, citing what it said were significant adverse environmental effects.The plan to develop the site had been put forward by KGHM International, a unit of Polish miner KGHM. The British Columbia government last December rejected an env...Read More

PARIS, June 27 (Reuters) - AngloGold Ashanti’s gold mining operations in Guinea have been hit by two days of violent protests over power cuts in the northeastern mining town of Siguiri, a resident and an official said on Wednesday.Over a thousand protesters were surrounding the mine late on Wednesday. “We are negotiating with them to calm the situation,” Siguiri government admini...Read More

FRANKFURT (Reuters) - The outlook for global growth has weakened in recent weeks and risks are skewed to the downside, due in part to increased protectionism, the European Central Bank said on Thursday.“The near-term prospects of greater trade protectionism have increased, which could have a significant impact on global activity and trade,” the ECB said in its regular economic bulletin...Read More

Mr. Darin Wagner reportsBALMORAL COMMENCES SUMMER FIELD PROGRAM, DETOUR GOLD TREND PROJECT, QUEBECBalmoral Resources Ltd.'s summer 2018 field program is under way on its Detour Gold Trend Project in Quebec. The program will feature a minimum of 7,500 metres of diamond drilling, as well as a series of ground-based geophysical, geological and geochemical surveys on properties throughout the company'...Read More