(Kitco News) - Gold and silver prices areweaker in early-afternoon U.S. trading Tuesday. However, prices have moved wellup from their daily lows that saw gold hit a six-month low and silver hit aseven-week low. A surge in Nymex crude oil prices above $70.00 did helped tolift gold and silver markets up from their session lows just before midday.Augustgold futures were last down $6.90 an ounce at $1...Read More

(Kitco News) - Gold and silver prices are weaker in early-afternoon U.S. trading Tuesday. However, prices have moved well up from their daily lows that saw gold hit a six-month low and silver hit a seven-week low. A surge in Nymex crude oil prices above $70.00 did helped to lift gold and silver markets up from their session lows just before midday. August gold futures were last down $6.90 an ounce...Read More

   •  A goodish pickup in the USD demand prompts some aggressive selling.   •  Fading safe-haven demand further aggravates the downward momentum.   •  Technical studies suggest an extension of the near-term bearish trajectory. Gold continued drifting lower through the mid-European session and is currently placed at fresh six-month lows, a...Read More

The populist government in Italy, Europe's most sluggish market for electric cars, has a big-bang plan to put 1 million of the vehicles on the nation's roads. Getting anywhere near that target could cost the state $10 billion in incentives.Read full newsRead More

WASHINGTON (Reuters) - U.S consumer confidence ebbed in June, with households a bit pessimistic about their short-term income prospects, potentially signaling a slowdown in economic activity later this year.The Conference Board said its consumer confidence index fell to a reading of 126.4 this month from an upwardly revised 128.8 in May. The index was previously reported at 128.0 in May.“Whi...Read More

WASHINGTON (Reuters) - The leaders of two of the world’s largest energy companies said on Tuesday they worry a trade conflict between the United States and other nations could destabilize the global economy.U.S. President Donald Trump has in recent months imposed tariffs on steel, aluminum and other imports, steps that have resulted in retaliatory measures against U.S. crops, motorcycles and...Read More

Pier 1 Imports has an awful track record for post-earnings movesPier 1 Imports Inc (NYSE:PIR) is slated to report first-quarter earnings after the market closes tomorrow. PIR stock is trading up 0.2% at $2.97 at last check, back below the 120-moving average, which has contained breakout attempts from the shares since December. The stock has, however, gained 37% since its mid-May eight-year low of...Read More

ANKARA (Reuters) - U.S. President Donald Trump congratulated Turkey's Tayyip Erdogan on Tuesday on his victory in Sunday's presidential election and the two leaders agreed to improve bilateral defense and security ties, Erdogan's office said.Ties between the NATO allies have been strained over a host of issues in recent months, including Washington's support for Kurdish fighters in Syria and defen...Read More

PTCT stock has rallied more than 90% already this yearRegeneron Pharmaceuticals Inc (NASDAQ:REGN) and PTC Therapeutics, Inc. (NASDAQ:PTCT) are two drug stocks struggling today, with the former down 1.5% to trade at $325.28, and the latter down 5.5% to trade at $31.86. Nevertheless, heading into a new month and the dog days of summer, both stocks are flashing pretty significant bullish signals....Read More

Going by one of the most popular ways for investors to get exposure to gold, the cost of investing in the precious metal just dropped by more than half. State Street Global Advisors, in conjunction with the World Gold Council, on Tuesday launched the SPDR Gold MiniShares Trust GLDM, -0.54% the latest exchange-traded fund to track the price of gold. And not only does the new ETF do so at a slight d...Read More

NEW YORK (Reuters) - Oil was mixed on Tuesday, pressured by reports of increased Saudi production and escalating trade conflicts, but receiving support from production losses in Canada and Libya.Brent crude LCOc1 lost 33 cents at $74.40 a barrel by 10:52 a.m. EDT (1452 GMT). U.S. light crude CLc1 gained 20 cents at $68.28.Prices, which had been positive earlier in the session, fell following a rep...Read More

NEW YORK (Reuters) - General Electric Co and U.S. technology shares rose on Tuesday, helping global stock markets regain ground a day after a mounting trade fight between the United States and other top world economies chased investors into safe-haven assets.GE jumped 7.6 percent, the biggest percentage gainer on Wall Street’s S&P 500 index, after the company said it would spin off its h...Read More

HOME and HTZ are on the move after Morgan Stanley notesStocks are managing only modest gains today in what has so far been a low-volume session. Unease over trade relations continues to keep buyers at bay following yesterday's massive sell-off, along with a lack of market-moving events. In the meantime, former blue chip General Electric (GE) is the top S&P 500 Index (SPX) performer in its first da...Read More

NEW YORK (Reuters) - A credit ratings analyst for Standard & Poor’s and two other defendants were criminally charged by U.S. prosecutors on Tuesday with insider trading related to Sherwin-Williams Co’s (SHW.N) $9.3 billion purchase of Valspar Corp.Authorities said the analyst, Sebastian Pinto-Thomaz, 33, tipped his friends Abell Oujaddou and Jeremy Millul in early March 2016 about...Read More

* Trade war fears boosts demand for bonds* Treasury to sell $100 bln coupon-bearing supply this weekBy Karen BrettellNEW YORK, June 26 (Reuters) - U.S. Treasury yields held at lower levels on Tuesday as concerns lingered that trade wars could harm economic growth, though safety buying was capped by expectations that the Federal Reserve will continue to raise interest rates.Trade war fears were sto...Read More

NEW YORK (Reuters) - The dollar rose slightly against a basket of currencies on Tuesday, snapping a four-day losing streak as traders worried about mounting global trade tensions unwound bets on high-yielding currencies like the Australian and Canadian dollars, whose economies are heavily trade dependent.The dollar index, which measures the greenback against a basket of six currencies, was up 0.37...Read More

LONDON (Reuters) - Bank of America Merrill Lynch (BAML) (BAC.N) is shifting three of its most senior UK-based bankers to Paris, as part of Brexit reorganization plans aimed at ensuring “seamless” service to its European Union clients after Britain quits the bloc in March.In a staff memo seen by Reuters on Tuesday, the bank’s chief operating officer Tom Montag said Sanaz Zaimi, he...Read More

OTTAWA, June 26, 2018 /CNW/ - The Royal Canadian Mint is proud to issue its first collectible coin crafted entirely of Nunavut-sourced gold. Designed by Inuk artist Andrew Qappik, the reverse image highlights the walrus, ptarmigan, polar bear, bowhead whale and narwhal, all framed within the outline of a maple leaf. The beautifully crafted coin is available for purchase as of today.In another inno...Read More

OTTAWA, June 26, 2018 /CNW/ - The Royal Canadian Mint is proud to issue its first collectible coin crafted entirely of Nunavut-sourced gold. Designed by Inuk artist Andrew Qappik, the reverse image highlights the walrus, ptarmigan, polar bear, bowhead whale and narwhal, all framed within the outline of a maple leaf. The beautifully crafted coin is available for purchase as of today.In another inno...Read More

WASHINGTON (Reuters) - The administration of President Donald Trump wants to help allies and trade partners replicate the U.S. natural gas and oil production boom by exporting American know-how, U.S. Energy Secretary Rick Perry said on Tuesday, even as trade disputes intensified.“We are bearing witness to this astonishing energy miracle,” Perry said at the opening ceremony of the trien...Read More