(Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Monday forecast falling unemployment, rising wages, and solid economic growth this year and next, but warned that without structural reforms, future growth will suffer.Policies that increase immigration, allow the U.S. to take advantage of globalization and trade, reduce government debt growth and boost educational attainment are a...Read More

(Kitco News) - Gold prices are moderately up and trading near their session highs inlate-morning dealings Monday. Bullish traders stepped in to buy the early priceweakness, as the overall near-term technical posture for gold remains in favorof the bullish camp. A lower U.S. dollar index on this day is also supportivefor the precious metals markets. June gold was last up $4.00 an ounce at$1,352.0...Read More

BAC calls were popular ahead of the bank's quarterly reportBank of America Corp (NYSE:BAC) stock is up 0.2% to trade at $29.90 this morning, even after the banking concern reported first-quarter earnings and revenue that surpassed analyst expectations. CEO Brian Moynihan noted that strong client activity, as well as higher interest rates and the new U.S. tax code, helped generate record quarterly...Read More

(Bloomberg) - Anil Agarwal hired AngloGold Ashanti Ltd.'s Srinivasan Venkatakrishnan to run his Vedanta Resources Plc in a move that may hint at the Indian billionaire's plans for his global commodity portfolio.Venkatakrishnan, 53, has been CEO of Johannesburg-based AngloGold for five years and spent much of his career working in Africa. That's a first for a Vedanta CEO and points to the growing...Read More

(Bloomberg) - Anil Agarwal hired AngloGold Ashanti Ltd.'s Srinivasan Venkatakrishnan to run his Vedanta Resources Plc in a move that may hint at the Indian billionaire's plans for his global commodity portfolio.Venkatakrishnan, 53, has been CEO of Johannesburg-based AngloGold for five years and spent much of his career working in Africa. That's a first for a Vedanta CEO and points to the growing...Read More

ALKS is rallying on an FDA nod, while CLDX sinks on disappointing trial dataBiopharmaceutical stock Alkermes Plc (NASDAQ:ALKS) is rallying this morning after the U.S. Food and Drug Administration (FDA) accepted the company's new drug application (NDA) for ALKS 5461, a treatment for major depressive disorder. The agency's decision to review the NDA reverses its rejection of the application earlier...Read More

A majority of analysts following the stock sport "strong buy" recommendationsShares of Ulta Beauty Inc (NASDAQ:ULTA) are trading higher after the makeup retailer received an upgrade at Guggenheim to "buy" from "neutral" this morning. The brokerage firm set a price target of $260 and named the equity a "best idea." In response, ULTA is trading up 2.8% at $227.14. This positive price action has the...Read More

BAKU, April 16 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining, said on Monday it had increased its gold production by 49 percent year-on-year in the first quarter of 2018 to 16,479 ounces from 11,078 ounces in the same period last year.The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.The company said...Read More

BAKU, April 16 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining, said on Monday it had increased its gold production by 49 percent year-on-year in the first quarter of 2018 to 16,479 ounces from 11,078 ounces in the same period last year.The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.The company said...Read More

BAKU, April 16 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining, said on Monday it had increased its gold production by 49 percent year-on-year in the first quarter of 2018 to 16,479 ounces from 11,078 ounces in the same period last year.The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.The company said...Read More

JAKARTA, April 16 (Reuters) - Indonesia's chief economic minister said on Monday that 14 infrastructure projects, worth 264 trillion rupiah ($19.17 billion), are expected to be dropped from the government's strategic development plan due to lack of progress.These projects will be dropped if they don't meet some requirements by the third quarter of 2019, Darmin Nasution said, which is the end of Pr...Read More

Fortuna Silver Mines Inc. (TSX: FVI; NYSE: FSM) reports thatfirst-quarter output amounted to 2.4 million ounces of silver, along with15,041 ounces of gold. These are increases of 18% and 14%, respectively, fromthe first quarter of 2017. The company says it is on track to meet annualguidance of 8.3 million ounces of silver and 48,300 ounces of gold. Meanwhile,first-quarter lead production fell 2% t...Read More

(Reuters) - U.S. stock index futures rose on Monday as investors bet the weekend’s U.S.-led missile attack on Syria would not escalate into a broader conflict, while turning their focus to the earnings season.Saturday’s strikes marked the biggest intervention by Western countries against Syrian President Bashar al-Assad and his ally Russia, which is facing further economic sanctions ov...Read More

WASHINGTON (Reuters) - The U.S. Department of Commerce is banning American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials told Reuters.The Chinese company pleaded guilty last year in federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods an...Read More

NEW YORK, April 16 (Reuters) - The dollar remained at lower levels against a basket of currencies on Monday as domestic retail sales in March rose following three months of declines but failed to dispel some traders' worries about economic growth cooling.At 8:35 a.m. (1235 GMT), an index that tracks the greenback versus the euro, yen and four other currencies was down 0.25 percent at 89.575. (Repo...Read More

* LME/ShFE arb: bit.ly/2wZSAEz* GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Adds official prices, adds dollar, Norsk Hydro)By Zandi ShabalalaLONDON, April 16 (Reuters) - Aluminium prices touched a new six-year high on Monday as the dollar fell and after Rio Tinto said on Friday it would declare force majeure on some of its customer contracts following U.S. sanctions on its partner Rusal.Benc...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, April 16 (Reuters) - The aluminium market has never experienced anything like it.Since the United States imposed sanctions on Russian oligarch Oleg Deripaska and United Company Rusal on April 6, aluminium has been in turmoil.The London Metal Exchange (LME) price hit a six-year high of $2,340 per tonne last Friday. The weekly rally of nearly 12 percent was the largest since the launch of th...Read More

Mr. Sean Roosen reportsOSISKO CLOSES FINANCING ON VICTORIA GOLD'S EAGLE GOLD PROJECT Osisko Gold Royalties Ltd. has completed the previously announced $148-million financing transaction with Victoria Gold Corp., pursuant to which Osisko acquired from Victoria a 5-per-cent net-smelter-return royalty for $98-million on the Dublin Gulch property which hosts the Eagle gold project located in Yukon, Ca...Read More