(Kitco News)- Wall Street remains bullish butMain Street is mixed on the direction of gold prices in the next week, based onthe Kitco News weekly survey. Gold tumbled to its lowest levelin six months this week largely due to strength in the U.S. dollar. In doingso, the metal was unable to draw a safe-haven bid despite weakness in equitymarkets as worries about a global trade war intensified. Seven...Read More

(Kitco News) - Wall Street remains bullish but Main Street is mixed on the direction of gold prices in the next week, based on the Kitco News weekly survey. Gold tumbled to its lowest level in six months this week largely due to strength in the U.S. dollar. In doing so, the metal was unable to draw a safe-haven bid despite weakness in equity markets as worries about a global trade war intensified....Read More

WASHINGTON (Reuters) - U.S. President Donald Trump threatened to impose a 20 percent tariff on all European Union-assembled cars coming into the United States, a month after the administration launched an investigation into whether auto imports pose a national security threat.“If these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their...Read More

(Kitco News) - Gold prices are trading with slight gains in late-morning actionFriday. The yellow metal is supported by a strong rally in crude oil prices,with Nymex futures up around $2.00 a barrel, after the OPEC cartel agreed toraise is collective oil production by only 1 million barrels per day. The U.S. dollar index is trading lower on the day, which is another "outsidemarket" eleme...Read More

The collection consists of 32 round diamonds, 0.3 carats each, named after the countries - participants of the World Cup. All diamonds are of high quality, D to F color and VVS2 to IF clarity, they were mined in Russia and cut by ALROSA's subdivision - DIAMONDS ALROSA, in keeping with the best traditions of the world-famous Russian cut.Diamonds will be offered to natural persons and legal entities...Read More

Canada's Silver Bear Resources Plc (TSX:SBR) said Friday it had produced first silver from its operations at its Mangazeisky silver project in Far East Russia.Following the initial commissioning activities, silver has been produced since April and commissioning has continued through the second quarter. Up to mid-June this year, the Company has mined 13,436 tonnes and milled 9,545 tonnes of ore for...Read More

(Kitco News) - Commerzbank looks for gold to reclaim $1,350 an ounce and silver $18 by year-end on expectations that the U.S. dollar will start to give backsome of its recent strength.Gold hit a six-month low this week as the dollar hit an11-month high, benefitting from the divergence in U.S. and European monetarypolicy as well as European politics, the bank said. The Federal Reserve hikedU.S. int...Read More

(Kitco News) - Commerzbank looks for gold to reclaim $1,350 an ounce and silver $18 by year-end on expectations that the U.S. dollar will start to give back some of its recent strength. Gold hit a six-month low this week as the dollar hit an 11-month high, benefitting from the divergence in U.S. and European monetary policy as well as European politics, the bank said. The Federal Reserve hiked U.S...Read More

LONDON (Reuters) - Oil prices rose sharply on Friday as OPEC agreed a modest increase in output to compensate for losses in production at a time of rising global demand.Benchmark Brent crude LCOc1 jumped $2.29 a barrel, or 3.1 percent, to a high of $75.34 before slipping to around $74.60 by 1345 GMT. U.S. light crude CLc1 was $1.90 higher at $67.44.The Organization of the Petroleum Exporting Count...Read More

(Kitco News) - Gold investors should eye an evenlower target from current levels, as there is currently no need for a flight tosafety, said Todd“Bubba” Horwitz of bubbatrading.com.“I think soon there will be goodnews, but I think we’ve broken down and violated a lot of key levels, and Ithink really, the next real level that I’m going to want to step in, unless werally...Read More

MCD has pulled back this week alongside the DowThe Dow has underperformed this week, dragging several blue-chip stocks down with it. Shares of McDonald's Corporation (NYSE:MCD), for instance, are pacing toward a more than 2% weekly loss. However, the equity has now pulled back to its 320-day moving average, and previous occurrences have preceded healthy gains for MCD.According to Schaeffer's Senio...Read More

(Kitco News) - Gold investors should eye an even lower target from current levels, as there is currently no need for a flight to safety, said Todd “Bubba” Horwitz of bubbatrading.com.“I think soon there will be good news, but I think we’ve broken down and violated a lot of key levels, and I think really, the next real level that I’m going to want to step in, unless we...Read More

CEO Brian Krzanich announced his resignation yesterdayTech concern Intel Corporation (NASDAQ:INTC) had a rough day yesterday, after CEO Brian Krzanich unexpectedly resigned from his post following an investigation into his alleged consensual relationship with an employee. The company's board appointed Intel CFO Bob Swan as interim CEO, effective immediately. In light of the C-Suite shake-up, INT...Read More

OTTAWA (Reuters) - An unexpected plunge in Canada’s retail sales in April, combined with flat inflation figures for May, drove the Canadian dollar to a year-low on Friday and cut expectations of an interest rate increase next month.Statistics Canada said retail sales in April dropped 1.2 percent, their biggest fall in more than two years, in part because of bad weather that hit sales of auto...Read More

LOS ANGELES/SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees.The latest cuts to the division that was once SolarCity - a sale...Read More

(Kitco News) - The gold market saw a small uptick after the release of preliminary manufacturing and service-sector sentiment data. The flash U.S. manufacturing Purchasing Managers Index for June expanded at a slower pace, coming in at 54.6 in comparison to May’s 56.4, research firm IHS Markit said in its latest report. The monthly figure came in short of market projections, which called for...Read More

MOH shares are on track for their fifth straight winMolina Healthcare, Inc. (NYSE:MOH) stock is up 3.6% to trade at $102.24 and earlier this morning touched a fresh a record high of $102.47, after Jefferies upgraded the Medicaid solutions provider to "buy" from "hold," while adding it to its franchise picks list. The brokerage firm called Molina's turnaround effort "value-enhancing," and a "play...Read More

Miners laid off, mines closing, losses mounting-a huge headache for President RamaphosaRead full newsRead More

(Reuters) - Wall Street was set to open higher on Friday with the Dow on track to snap an 8-day losing streak, helped by a surge in oil prices as OPEC neared a deal to boost output, while there were no significant developments in the China-U.S. trade rhetoric.The benchmark Brent crude LCOc1 jumped 2.8 percent to $75.07 a barrel, following three days of declines, after OPEC agreed on Friday to rais...Read More

TOKYO (Reuters) - Renault SA (RENA.PA) absorbing Nissan Motor Co. (7201.T) and Mitsubishi Motors Corp (7211.T) is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday.“Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has zero chance of getting a result,”...Read More