Recent News

U.S. accuses China of stealing patents in WTO complaint

March 23, 2018 / www.kitco.com

GENEVA (Reuters) - The United States launched a complaint against China at the World Trade Organization on Friday, part of a package of trade measures announced by President Donald Trump on Thursday over China’s alleged theft of U.S. intellectual property.A presidential memorandum signed by Trump will target up to $60 billion in Chinese goods with tariffs, but only after a 30-day consultatio...Read More

Nissan sees electric car sales surging to one million annually by 2022

March 23, 2018 / www.kitco.com

YOKOHAMA, Japan (Reuters) - Nissan Motor Co (7201.T) announced plans to sell 1 million electric vehicles (EVs) annually by 2022, a six-fold jump from what it sold last year, and said it had no plans to stop testing its self-driving cars on public roads, calling them safe.Japan’s No. 2 automaker and its rivals are planning to crank up development and production of electric cars in response to...Read More

PM May welcomes confirmed EU Brexit transition offer

March 23, 2018 / www.kitco.com

BRUSSELS (Reuters) - British Prime Minister Theresa May welcomed on Friday the approval by European Union leaders of a 21-month transition period to help business adapt after Brexit, telling the bloc to ride the “new dynamic” in looming trade talks.EU leaders also formally adopted on Friday their joint negotiating stance on a future trade relationship with Britain after it leaves the b...Read More

Congress approves $1.3-trillion spending bill, sends to Trump

March 23, 2018 / www.kitco.com

WASHINGTON (Reuters) - The U.S. Congress voted early on Friday to approve a $1.3-trillion government funding bill with large increases in military and non-defense spending, sending it to President Donald Trump, who was expected to sign it into law.With Trump’s signature, the bill will avert a threatened government shutdown and keep federal agencies funded until Sept. 30, ending for now Washi...Read More

Bitcoin Daily Chart Alert - Chart Consolidation Late This Week - Mar 23

March 23, 2018 / www.kitco.com

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

FXTM: Ability To Hold $1,340 Key Near-Term Chart Factor For Gold

March 23, 2018 / www.kitco.com

A close above $1,340 an ounce on Fridaycould mean technical-chart strength that carries gold to the $1,355 area, says Lukman Otunuga, research analyst atFXTM. As of 7:54 a.m. EDT, spot metal was $13.15 higher at $1,341.75 an ounce.“Gold bulls were back inaction on Friday, with prices venturing towards $1,340 thanks to a vulnerabledollar and a sell-off in global equity markets,” Otunuga...Read More

China urges U.S. away from 'brink' as Trump picks trade weapons

March 23, 2018 / www.kitco.com

BEIJING/SHANGHAI (Reuters) - China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on up to $60 billion in Chinese goods moved the world’s two largest economies closer to a trade war.The escalating tensions sent shivers through financial markets as investors foresaw dire consequences for the global economy if tra...Read More

Asia Gold-Higher prices keep buyers at bay; India discounts at 6-1/2-month high

March 23, 2018 / www.kitco.com

* Premiums in China unchanged at about $8/oz* Japan premiums 50 cents/oz vs 50-75 centsBy Rajendra Jadhav and Nithin ThomasPrasadMUMBAI/BENGALURU, March 23 (Reuters) - Physical gold demand in Asian hot spots slouched this week as higher global prices made buyers hold off on purchases and as discounts in India widened to their highest in 6-1/2 months.“Demand is very weak. At the current price...Read More

Trade Wars, Tariffs And Uncertainty

March 23, 2018 / www.kitco.com

It's been one crazy week, with tariffs,trade wars and equity markets breaking down. Gold and silver put their lows infor the week on Tuesday just as the Fed meeting started. They have both ralliedhard since, driven higher by the Fed, fear and trade wars.With gold and silver on majorsupport, the rally was no surprise. Both are still in big consolidation rangesand although the rallies are nice, they...Read More

Trade Wars, Tariffs And Uncertainty

March 23, 2018 / www.kitco.com

It's been one crazy week, with tariffs, trade wars and equity markets breaking down. Gold and silver put their lows in for the week on Tuesday just as the Fed meeting started. They have both rallied hard since, driven higher by the Fed, fear and trade wars. With gold and silver on major support, the rally was no surprise. Both are still in big consolidation ranges and although the rallies are nice...Read More

Companies now looking for electric battery metals in the garbage

March 23, 2018 / www.mining.com

Soaring cobalt and lithium prices are not just spurring an exploration frenzy as more and more companies want a piece of the attractive batteries metals pie, but they are also pushing some companies to look for them where others have not.Australian Neometals (ASX:NMT), which is building a plant to recover raw materials including lithium, cobalt, nickel and copper from expired batteries in Canada,...Read More

Royal blue diamond goes on sale

March 23, 2018 / www.mining.com

A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More

Royal blue diamond goes on sale

March 23, 2018 / www.mining.com

A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More

Royal blue diamond goes on sale

March 23, 2018 / www.mining.com

A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More

Why Wheaton Precious Metals Could Be a Gold Mine for Income Investors

March 23, 2018 / dlvr.it

A differentiated dividend policy could yield a mother lode of dividend income in the coming years.Read full newsRead More

New Chilean Government Spells Lithium Mining Boom: The White Gold Rush

March 23, 2018 / dlvr.it

PALM BEACH, Florida, March 22, 2018 /PRNewswire/ --Marketnewsupdates.com News Commentary Chile is a mining giant....Read full newsRead More

Liebherr to invest $45 million expanding footprint in US mining sector

March 23, 2018 / www.mining.com

Heavy equipment maker Liebherr's goal of becoming one of the top suppliers for the mining industry in North and South America seems to be a step closer, as the Switzerland-based company announced a $45 million-investment to grow its facilities in Virginia, US.The family-owned machinery maker, which has been manufacturing and operating in Newport News for over 48 years, said it's planning to start...Read More

Dow Sinks 724 Points, or Nearly 3%, After Trump Announces China Trade Action - TheStreet

March 23, 2018 / www.thestreet.com

Here Are 4 Hot Things to Know About Stocks Right Now Shares of Facebook Inc. fell for the third day of four after CEO Mark Zuckerberg broke his silence about the data privacy scandal. The stock declined 2.6% on Thursday.Donald Trump announced tariffs on Chinese goods entering the U.S.The Dow Jones Industrial Average was down sharply on Thursday and is now more than 2,600 points below i...Read More

PRECIOUS-Spot gold dips, futures settle up ahead of options expiry

March 23, 2018 / in.investing.com

* Trump initiates trade action against China* Dollar swoons early, then rebounds* Spot gold down, gold futures settle up (New throughout, updates prices, market activity and comments, adds second byline and NEW YORK dateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, March 22 (Reuters) - Spot gold dipped on Thursday as the U.S. dollar pared losses on safe-haven buying from investors fear...Read More

UPDATE 2-European shares suffer as trade jitters, weak data weigh

March 23, 2018 / in.investing.com

* STOXX 600 down 1.6 pct to 2-week low* Banks, miners, tech lead sectoral fallers* Reckitt gains after pulling out of Pfizer (NS:PFIZ) race (Adds details, closing prices)By Helen Reid and Danilo MasoniLONDON, March 22 (Reuters) - Concerns about trade sent European shares tumbling on Thursday as the United States prepared to announce hefty tariffs on Chinese imports, with banks, basic resources sto...Read More

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