(Reuters) - A mini rally in U.S. stocks, sparked by a U.S. move to ease its stance on curbing Chinese investments in American technologies, ran out of steam in afternoon trading on Wednesday, but a jump in oil prices helped prop markets.President Donald Trump said he will use a strengthened national security review panel - the Committee on Foreign Investment in the United States (CFIUS) - to deal...Read More

Gold remains vulnerable to a strengthening U.S. dollar.Dollar/gold ratio continues to say "stay away" from gold for now.However, gold mining stocks are showing relative strength.The gold price continues to slide and investors are wondering when the bleeding will finally be stanched. While this is still anyone's guess, there is a definite sign that when gold finally does bottom out, inves...Read More

Getty ImagesOrders for durable goods such as new cars and trucks - stuff designed to last at least three years - fell in May for the second month in a row. The result of intensifying trade fights? The numbers: Orders for durable goods fell 0.6% in May following a revised 1% decline in April, the government said Wednesday. The biggest drop in new orders for cars and trucks since 2015 spurred the...Read More

Gold futures marked a third decline in a row, and another settlement at their lowest in more than six months on Wednesday, as the U.S. dollar's strength weighed on the precious metal. August goldGCQ8, -0.16% lost $3.80, or 0.3%, to settle at $1,256.10 an ounce, for the lowest settlement since Dec. 13, according to FactSet data. The dollar-pegged commodity has been on a persistent downtrend lately,...Read More

BRUSSELS (Reuters) - European Union leaders meet this week to deal with some of the most difficult issues they confront, with migration topping the list.German Chancellor Angela Merkel’s political survival may depend on Italy’s new anti-establishment government, whose interests clash with Germany’s on immigration.MIGRATIONMerkel’s coalition partner, Bavaria’s Christia...Read More

WASHINGTON (Reuters) - The U.S. House of Representatives, as expected, defeated a Republican “compromise” bill on Wednesday aimed at providing long-term protections to “Dreamers” brought to the United States illegally as children, and dealing with a crisis over immigrant children being separated from their families.The 301-121 vote cleared the way for the House to debate an...Read More

NEW YORK (Reuters) - The rise of a key U.S. overnight interest rate has raised speculation that higher bank borrowing costs will force the Federal Reserve to stop shrinking its balance sheet sooner than planned.The federal funds interest rate, or what banks charge each other to borrow excess reserves overnight, crept up last week after the U.S. central bank lowered what it pays banks on excess res...Read More

* German SPD leader “waiting to see” on new election* Political uncertainty bolsters Bunds* Euro zone bond yields broadly lower* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr* Germany's Bund yield this year: reut.rs/2N0uhwx (Updates prices)By Dhara RanasingheLONDON, June 27 (Reuters) - Germany’s government bond yields fell towards recent one-month lows on Wednesday as...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose author...Read More

(Kitco News)- Investors should not buy the dip in the commodity sector asprice performance is skewed to the downside for the rest of the year, saidBarclays Commodities Research.The main drivers keeping commodities prices at bay aredeleveraging in China and weakening synchronous global growth, Barclays said ina recent research report. “The commodity rally that ensued in April has stalled s...Read More

(Kitco News) - Investors should not buy the dip in the commodity sector as price performance is skewed to the downside for the rest of the year, said Barclays Commodities Research.The main drivers keeping commodities prices at bay are deleveraging in China and weakening synchronous global growth, Barclays said in a recent research report. “The commodity rally that ensued in April has stal...Read More

WASHINGTON (Reuters) - The best way for the U.S. Federal Reserve to prolong the nation’s economic expansion is to pursue a monetary policy path where the economy does not run above capacity, Boston Fed President Eric Rosengren said on Wednesday.Rosengren, who has said the U.S. central bank would probably need to raise interest rates a total of at least four times this year, also repeated his...Read More

WASHINGTON (Reuters) - The Canadian government would like to see construction accelerate on the Trans Mountain pipeline expansion, but has no control over decisions to resume or start new work until it takes ownership of the major crude oil pipeline project, Canada’s natural resources minister said.“We think that construction and staying on a schedule is important, but that will be up...Read More

The World Gold Council today launched its 'Gold and climate change' report, aiming to provide investors with greater clarity around gold's impacts on climate change.Marking one year since the recommendations from the Taskforce on Climate-Related Financial Disclosure (TCFD), the report is an initial step to build understanding of the gold industry's greenhouse gas emissions (GHG) footprint, the e...Read More

Signature Resources Ltd. (TSXV:SGU, OTCQB:SGGTF) (Read full newsRead More

(Reuters) - Police chiefs from across the United States, both Republicans and Democrats, on Wednesday urged U.S. legislators to find alternatives to the detention of immigrant families given the risks it poses to children and its huge cost.In a joint letter, more than 45 law enforcement heads appealed to legislators to consider other possibilities than incarceration, such as requiring heads of hou...Read More

LONDON (Reuters) - The Bank of England hit back at European Union criticism on Wednesday, saying British banks were fully prepared for any disorderly Brexit and that it was the EU itself which should act to prevent market disruption.BoE Governor Mark Carney challenged assertions made by the EU’s banking watchdog, the European Banking Authority (EBA), on Monday that banks were inadequately pr...Read More

(Kitco News) - Gold and silver prices were moderately lower in early-afternoon U.S. trading Wednesday.Gold hit a six-month low and silver dropped to a seven-week low today. However,the gold market is now well oversold on a near-term technical basis and due fora decent corrective rebound very soon. Also, the big rally in crude oilrecently is a solid clue the raw commodity sector has bottomed out an...Read More

(Kitco News) - Gold and silver prices were moderately lower in early-afternoon U.S. trading Wednesday. Gold hit a six-month low and silver dropped to a seven-week low today. However, the gold market is now well oversold on a near-term technical basis and due for a decent corrective rebound very soon. Also, the big rally in crude oil recently is a solid clue the raw commodity sector has bottomed ou...Read More

The shares are also finding support from their 200-day moving averagesLooking across Wall Street, two steel stocks options traders may want to consider are United States Steel Corporation (NYSE:X) and Nucor Corporation (NYSE:NUE). Below, we will take a closer look at X and NUE, how the pair have been faring on the charts, and why now may be a good time to bet on the steel stocks' next leg higher,...Read More