Editor's Note: Updating earlier story with more details from report.(Kitco News) - Goldmoved little, retaining overnight weakness, after Labor Department dataThursday showed that initial weekly U.S. jobless claims fell by 9,000 to aseasonally adjusted 233,000 in the week to Saturday.Consensusexpectations compiled by various news organizations had called for initialclaims to be around 230,000....Read More
(Kitco News) - Gold prices arefirmly lower in early U.S. trading Thursday. An imminent U.S. airstrike againstSyria is now in question, which has, for now, assuaged the world marketplace.The U.S. dollar index is also higher today, which is another bearish elementfor the precious metals markets. June Comex gold futures were last down $13.30an ounce at $1,346.50. May Comex silver was last down $0.203...Read More
April 12 (Reuters) - Futures for Canada’s main index were higher on Thursday as investor worries over a swift American military action in Syria eased following U.S. President Donald Trump’s latest comments.June futures on the S&P TSX index were up 0.23 percent at 7:15 a.m. ET.U.S. President Donald Trump amended on Thursday an earlier warning of a quick military strike against Syria...Read More
WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and considerably richer.He parried questions of how much control people have over their data on the world’s largest social media network without a major gaffe, while avoiding being cornered into supporting n...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
DETROIT/BEIJING (Reuters) - Ford Motor Co’s (F.N) premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world’s largest vehicle market that would also blunt the impact of trade U.S-China trade spats.Ford has said it plans to build an all-new sport utility vehicle in China by the end of 2019, h...Read More
Once again, we saw an instantreplay in gold when it failed at resistance on Wednesday. At one point, goldhad rallied over $20 and was trading around $1,369 before selling off andclosing at $1,356.The failure at resistance is disappointing.We are expecting a huge move in either direction. With Wednesday's failure atthe top, this now brings the downside into play. The selling continues thismorning w...Read More
Once again, we saw an instant replay in gold when it failed at resistance on Wednesday. At one point, gold had rallied over $20 and was trading around $1,369 before selling off and closing at $1,356. The failure at resistance is disappointing. We are expecting a huge move in either direction. With Wednesday's failure at the top, this now brings the downside into play. The selling continues this mo...Read More
(Kitco News) - Barrick Gold Corp. (NYSE,TSX: ABX) produced 1.05 million ounces of gold during the first quarter andsold 1.07 million, according to preliminary data reported by the company lateWednesday.The company also producedand sold 85 million pounds of copper.Based on past earnings reports, the gold output was down from1.34 million ounces in the fourth quarter and 1.31 million in the year-agop...Read More
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More
Cash in on firmer gold by investing in Continental Gold Inc. (TSX:CNL).Read full newsRead More
* Gold down after four sessions of gains * Syria crisis and U.S.-China trade row underpin gold * Silver retreats from highest in nearly two months * GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and comments;adds second byline and NEW YORK dateline)By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, April 12 (Reuters) - Gold retreated from an11-week high on Thursd...Read More
Government will probe the death of six workers involved in a gold mine accident in southern Ghana, minister says.Read full newsRead More
April 11 (Reuters) - Chifeng Jilong Gold Mining Co Ltd : * SAYS LOCK-UP PERIOD FOR 205.7 MILLION SHARES TO END, SHARES TO START TRADING ON APRIL 17 Source text in Chinese: https://bit.ly/2HqhBwl Further ...Read full newsRead More
A young gold miner works in Makala gold mine camp near the town of Mongbwalu in Ituri province, eastern Democratic Republic of Congo. REUTERS/Goran TomasevicRead full newsRead More
This recent IPO expects big-time income growth up ahead.Read full newsRead More
Cash in on firmer gold by investing in Continental Gold Inc. (TSX:CNL).Read full newsRead More
Cash in on firmer gold by investing in Continental Gold Inc. (TSX:CNL).Read full newsRead More
Increasing disposable income in emerging economies, as well as the adoption of greener technologies, rather than a touted electric cars boom, will drive most of the expected increased demand in copper during the next five years, CRU analyst Robert Edwards said."Electric vehicles (EVs) are a great long-term story, but demand is only expected to be around 1.5% of world refined copper consumption thi...Read More
--Glencore has been forced to walk away from some aluminum contracts as a result of the U.S. sanctions against Russian company United Co. Rusal, reports Bloomberg, citing unknown sources. --The declaration of force majeure applies to contracts for about 50,000 metric tons of metal of Russian origin, allowing Glencore to walk away from the deals, says Bloomberg. Full story: https://bloom.bg/2EFc5TB...Read More