Gold's immediate trend still up despite calming of global trade fears.Gold price should remain elevated as long as equity market is choppy.Emerging market trend is also supporting gold's near-term trend.Gold kept its immediate-term uptrend intact on Monday despite a much calmer financial market. Gold has benefited from the recent headline-driven turbulence in the global equity market, yet...Read More
Mr. Eric Fier reportsSILVERCREST CONTINUES TO EXPAND HIGH-GRADE FOOTPRINT FOR BABICANORA VEIN; 4.0 METRES AT 22.83 GPT AU AND 1,718.8 GPT AG, OR 3,431 GPT AGEQSilvercrest Metals Inc. has released its first set of phase III drill results for the Las Chispas property located in Sonora, Mexico. Stepout drilling of the Babicanora vein, including Area 51, continues to intersect high-grade mineralizatio...Read More
Mr. Eric Fier reportsSILVERCREST CONTINUES TO EXPAND HIGH-GRADE FOOTPRINT FOR BABICANORA VEIN; 4.0 METRES AT 22.83 GPT AU AND 1,718.8 GPT AG, OR 3,431 GPT AGEQSilvercrest Metals Inc. has released its first set of phase III drill results for the Las Chispas property located in Sonora, Mexico. Stepout drilling of the Babicanora vein, including Area 51, continues to intersect high-grade mineralizatio...Read More
By Oliver GriffinGlencore said Tuesday that Chief Executive Ivan Glasenberg has resigned as a director of Russian company United Co. Rusal PLC (0486.HK), which was placed on the U.S. sanctions list alongside its controlling shareholder EN+ Group. The Anglo-Swiss mining and commodity-trading company said it is committed to complying with all sanctions, and that it is taking all necessary steps to...Read More
Suresh Withana from Harmony Capital, the investment manager for Adamas Finance Asia (LON:ADAM) caught up with Proactive investors to talk through the recent disposal of a chunk of their legacy portfolio.As consideration for the deal, Adamas will be issued a convertible bond by Fook Lam Moon - a long-established and well known Hong Kong-based food and beverage business. Meet360 Blockchain Inc...Read More
By James Marson and 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 10, 2018). MOSCOW -- Russian markets convulsed in the wake of new U.S. sanctions, as the ruble tumbled and domestic and foreign investors dumped Russian stocks. Shares in United Co. Rusal PLC, th...Read More
• Early optimism fades on a report that the US-China trade talks have stalled. • Surging US bond yields/risk-on mood now seemed to cap additional gains. Gold reversed an early dip to $1331 level and moved back to the top end of its daily trading range, albeit lacked any follow-through momentum. A modest US Dollar rebound prompted some initial weakness...Read More
FRANKFURT (Reuters) - Bayer (BAYGn.DE) shares jumped nearly 5 percent on Tuesday following a media report that the U.S. Justice Department will allow the German drugs and pesticides group to acquire Monsanto (MON.N) in a $62.5 billion deal.The Justice Department reached an agreement in principle with Bayer and Monsanto in recent days after the companies agreed to sell more assets, the Wall Street...Read More
LONDON (Reuters) - Oil broke above $70 a barrel on Tuesday, extending strong gains from the previous day, as investors grew more optimistic that a trade dispute between the United States and China may be resolved without greater damage to the global economy.Brent crude futures were up $1.39 at $70.04 a barrel by 1131 GMT, while West Texas Intermediate crude futures rose $1.23 to $64.65 a barrel.Th...Read More
(Reuters) - U.S. stock index futures rose more than a percent on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.In his first public comments since the trade dispute with the Trump administration started, Jinping vowed to open the country’s economy and said China would raise the foreign ownership lim...Read More
(Reuters) - Futures pointed to a higher opening for Canada's main stock index on Tuesday as Chinese President Xi Jinping's promise to lower import tariffs eased concerns about a Sino-U.S. trade war.Xi said China will sharply widen market access for foreign investors, a chief complaint of the country's trading partners and a point of contention for U.S. President Donald Trump's administration, whic...Read More
(Reuters) - Kroger Co (KR.N) said on Tuesday it would hire 11,000 employees in its supermarket divisions, including Fred Meyer stores and Mariano’s Fresh Market, with nearly 2,000 of them for management roles.The hiring would not include jobs created as a result of capital investment, such as temporary construction jobs or increases due to the company’s mergers, Kroger said.The company...Read More
LONDON (Reuters) - The euro jumped on Tuesday, bond yields edged higher and European stocks gave up some gains after a top European Central Bank policymaker said the bank could raise its sub-zero desposit rate before normalising monetary policy.Ewald Nowotny told Reuters in an interview that its 2.55 trillion euro ($3.1 trillion) bond buying programme would be wound down by the end of this year, w...Read More
(Kitco News)- Thegold market is holding its own as U.S. wholesale inflation pressures rose morethan expected last month.Tuesday,the U.S. Labor Department said its Producer Price Index (PPI) rose 0.3% inMarch following an increase of 0.2% in February. According to consensus forecasts, economists were expecting anincrease of 0.1%. Forthe year, producer prices rose 3.0%. CorePPI, which strips out vo...Read More
(Kitco News) - The gold market is holding its own as U.S. wholesale inflation pressures rose more than expected last month.Tuesday, the U.S. Labor Department said its Producer Price Index (PPI) rose 0.3% in March following an increase of 0.2% in February. According to consensus forecasts, economists were expecting an increase of 0.1%. For the year, producer prices rose 3.0%. Core PPI, which strip...Read More
(Kitco News)- Gold remains caught in a tight trading range, bouncing up against resistance once again at the$1,339 area. The softening of the trade warjargon overnight saw Chinese President XiJinping offer a more conciliatory tone by promising to open up the Chinese market.This was offset by concerns over the level of the U.S. response to Syria's useof chemical weapons. Until the response, if any,...Read More
Newmont Mining Corp. (NYSE: NEM) says the Ahofo mill expansion andall civil surface construction work remain suspended until the company andauthorities “are satisfied that work can resume safely.” Six construction contract workers were killedin an accident on Saturday, and an investigation is being led by theInspectorate Division of Ghana’s MineralsCommission. Newmont temp...Read More
Newmont Mining Corp. (NYSE: NEM) says the Ahofo mill expansion and all civil surface construction work remain suspended until the company and authorities “are satisfied that work can resume safely.” Six construction contract workers were killed in an accident on Saturday, and an investigation is being led by the Inspectorate Division of Ghana’s Minerals Commission. Newmont...Read More
(Kitco News) - Gold and silver prices marketshave not strayed far from unchanged price levels so far Tuesday. The bulls areimpressed with the resilience of their safe-haven metals, in the face of keenerrisk appetite in the marketplace the past two days. A weaker U.S. dollar indexso far this week is working in favor of the precious metals bulls. June Comex gold futures were last up $1.10 an ounce a...Read More
(Kitco News) - Gold remains caught in a tight trading range, bouncing up against resistance once again at the $1,339 area. The softening of the trade war jargon overnight saw Chinese President Xi Jinping offer a more conciliatory tone by promising to open up the Chinese market. This was offset by concerns over the level of the U.S. response to Syria's use of chemical weapons. Until the response, i...Read More