LONDON (Reuters) - The Japanese Bankers Association (JBA) and the China Banking Association (CBA) have joined forces to challenge proposed European Union regulations aimed at policing possible market risk posed by foreign lenders doing business in the bloc.In a letter to the European Commission seen by Reuters, the JBA and CBA - which represent hundreds of lenders from both Asian economic powerhou...Read More
* Chairman says zinc deposits difficult to find* Says zinc demand strengthening in multiple sectorsBy Chris MfulaLUSAKA, April 11 (Reuters) - Zinc prices are expected remain buoyant in the coming years after reaching their highest levels in a decade because of a shortfall caused by years of underinvestment, the founder and chairman of Vedanta Resources said on Wednesday.A rally in zinc prices to t...Read More
* Chairman says zinc deposits difficult to find* Says zinc demand strengthening in multiple sectorsBy Chris MfulaLUSAKA, April 11 (Reuters) - Zinc prices are expected remain buoyant in the coming years after reaching their highest levels in a decade because of a shortfall caused by years of underinvestment, the founder and chairman of Vedanta Resources said on Wednesday.A rally in zinc prices to t...Read More
Salares Norte - high-grade gold-silver oxide deposit discovered by Gold Fields in March 2011By Peter HobsonSANTIAGO, April 11 (Reuters) - South African miner Gold Fields Ltd will complete preparatory work in 2019 at its Salares Norte project in northern Chile and is eyeing potential output of around 345,000 ounces of gold a year at the site by the early 2020s, a company executive said.Gold Fields...Read More
The president's Russia-aimed tweets are driving volatile trading ahead of the opening bell Futures on the Dow Jones Industrial Average (DJI) are trading 200 points below fair value, after a tweet from President Donald Trump implied support for a U.S. missile strike in Syria, writing, "they will be coming, nice and new and 'smart!'" This follows an alleged chemical attack on Douma over the weekend,...Read More
Salares Norte - high-grade gold-silver oxide deposit discovered by Gold Fields in March 2011By Peter HobsonSANTIAGO, April 11 (Reuters) - South African miner Gold Fields Ltd will complete preparatory work in 2019 at its Salares Norte project in northern Chile and is eyeing potential output of around 345,000 ounces of gold a year at the site by the early 2020s, a company executive said.Gold Fields...Read More
(Kitco News)- Gold prices are once again testing the top end of their recentrange as escalating geopolitical tensions grip financial global markets,according to analysts. Gold is solidly higher Wednesday morning as markets digest the mostrecent comments from U.S. President Donald Trump, who in a Twitter comment warnedof imminent military action in Syria. June gold futures last traded at $1,356.60a...Read More
(Kitco News) - Gold prices are once again testing the top end of their recent range as escalating geopolitical tensions grip financial global markets, according to analysts. Gold is solidly higher Wednesday morning as markets digest the most recent comments from U.S. President Donald Trump, who in a Twitter comment warned of imminent military action in Syria. June gold futures last traded at $1,35...Read More
By Scott Patterson This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 11, 2018). New U.S. sanctions are causing fresh economic pain for Moscow, but have also ensnarled a handful of Western firms with deep roots in Russia. Glencore PLC said Chief Executive Ivan Glasenberg had resign...Read More
(Kitco News)- Gold prices pushed to session highs after U.S.inflation data came in weaker than expected.Wednesday,the U.S. Labor Department said its U.S. Consumer Price Index fell 0.1% in March,after increasing 0.2% in February. The drop was weaker than expected as consensusforecasts were calling for an unchanged reading.Thedecrease in inflation pressures did not have a major impact on the annual...Read More
(Kitco News) - Gold prices pushed to session highs after U.S. inflation data came in weaker than expected.Wednesday, the U.S. Labor Department said its U.S. Consumer Price Index fell 0.1% in March, after increasing 0.2% in February. The drop was weaker than expected as consensus forecasts were calling for an unchanged reading.The decrease in inflation pressures did not have a major impact on the a...Read More
Torex Gold Resources Inc. (TSX: TXG) says thecompany has been notified by the Federal Labor Board that the Los Mineros Unionhas withdrawn a challenge to be the legally constituted union for ELG MineComplex employees in Mexico. This means there is no longer a choice betweenunions to be made by employees, the company says. Union-related issues hadresulted in blockades during the last half year. &ldq...Read More
Torex Gold Resources Inc. (TSX: TXG) says the company has been notified by the Federal Labor Board that the Los Mineros Union has withdrawn a challenge to be the legally constituted union for ELG Mine Complex employees in Mexico. This means there is no longer a choice between unions to be made by employees, the company says. Union-related issues had resulted in blockades during the last half year....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
CPI excluding food and energy has biggest annual gain in yearGasoline prices fell in March, pulling down headline indexU.S. Core Inflation Shows Biggest Annual Gain in a YearA key measure of U.S. inflation finally got a bump in March thanks to a fading drag from mobile-phone service costs, bearing out the Federal Reserve’s forecast for a pickup in price gains.Excluding food and energy, the...Read More
(Kitco News) - Gold prices aremoderately higher and are at a two-week high in early U.S. trading Wednesday.There is anxiety in the marketplace regarding U.S. military intentions afterSyria used poisonous gas on its civilians. President Trump has just tweeted andwarned Russia that U.S. missiles are coming and that Russia won’t be able toshoot them down. He also said Russia should not be align...Read More
(Reuters) - U.S. stock index futures fell sharply on Wednesday due to rising concerns over confrontation between the United States and Russia over military action in Syria.The face-off between the two countries gained ground after Russia warned that any U.S. missiles fired at Syria over a suspected chemical weapons attack on a rebel enclave would be shot down.As a reply, U.S. President Donald Trum...Read More
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the pace of gains in consumer prices had accelerated slightly over the past year.Kuroda said in a speech he expected rising wages to accompany gains in consumer prices.He also said the central bank would continue with quantitative easing because consumer prices were still distant from the BOJ’s 2 percent inflatio...Read More
NEW YORK (Reuters) - The volume of oil sitting in 300 steel tanks in a nine-square-mile radius in Cushing, Oklahoma has long been a key barometer for the health of U.S. crude supply and the nation's benchmark for daily trading of billions of dollars in the commodity.FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/N...Read More