The US Federal Reserve increased the federal funds rate to 1.75 percent, resulting in a weaker dollar and a soaring gold price.Read full newsRead More

Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL), tells Proactive they achieved a new production record at the Blanket mine in Zimbabwe, unearthing 56,133 ounces of gold in 2017, some 11.5% more than in the preceding year.Curtis also discusses the recent moves to relax the indigenisation policy in Zimbabwe and how Caledonia plans to take a much larger stake than it curr...Read More

FTSE 100 closes 1.23% lowerReckitt Benckiser wanted after it walks away from Pfizer consumer healthcare purchaseBoE keeps key interest rate unchanged but two committee members vote for a quarter-point rise FTSE 100 tanked 1.23% on the day to close at 6,952, below the 7,000 level.The mid-cap FTSE 250 index lost even more, plunging 1.39%, or 274 points at 19,393 as the markets digested a streng...Read More

China unveiled plans on Friday to impose tariffs on up to $3 billion of U.S. imports in retaliation against U.S. tariffs on Chinese steel and aluminum products, as the world's two largest economies stood on the brink of a trade war.China was considering a 15 per cent tariff on U.S. products including dried fruit, wine and steel pipes and a 25 per cent tariff on pork products and recycled aluminium...Read More

Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were down on Thursday after the company reported a Q4 loss and technical studies for its Ki??lada??, Lamaque and Skouries mines.In a press release, the Vancouver-based miner stated that, due to a 20 per cent y-o-y fall in sales volumes, its adjusted Q4 loss came in at $400,000 compared to $2.9 million in earnings in the year-ago quarter. In detail, sales...Read More

Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were down on Thursday after the company reported a Q4 loss and technical studies for its Ki??lada??, Lamaque and Skouries mines.In a press release, the Vancouver-based miner stated that, due to a 20 per cent y-o-y fall in sales volumes, its adjusted Q4 loss came in at $400,000 compared to $2.9 million in earnings in the year-ago quarter. In detail, sales...Read More

Losses in Chinese tech stocks outpaced their U.S. counterparts on Thursday, with those losses holding into the close after President Donald Trump announced tariffs on tens of billions of dollars' worth of goods from China. On Thursday, Trump said he instructed the office of the U.S. Trade Representative to draw up a list of tariffs on Chinese products totaling at least $50 billion with an emphasis...Read More

President Trump will fire the first shots (retaliatory or not) in the new global trade war today as he announces plans to crack down on China with what is expected to be $50 billion in tariffs, controls on investment, and possible visa restrictions.Read full newsRead More

Goldman Sachs lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan, Morgan Stanley and Citibank for the first time, data from analytics firm Coalition showed.U.S.-based investment bank Goldman has been among the top three since Coalition started compiling the figures in 2010, having a longstanding reputation for generating revenue from co...Read More

Goldman Sachs lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan, Morgan Stanley and Citibank for the first time, data from analytics firm Coalition showed.U.S.-based investment bank Goldman has been among the top three since Coalition started compiling the figures in 2010, having a longstanding reputation for generating revenue from co...Read More

The Dow dropped more than 700 points for its worst loss since Feb. 8The Dow finished deep in the red today, as snowballingtrade war concerns sent the blue-chip index more than 700 points lower -- its worst loss since Feb. 8.The panic-selling was fueled by President Trump's $60 billion in tariffs on China -- the "first of many" -- with Boeing (BA) stock among the biggest Dow losers amid renewed con...Read More

NEW YORK (Reuters) - U.S. stocks dropped on Thursday, with each of the major Wall Street indexes suffering its biggest one-day percentage drop in six weeks, on the heels of an action by President Donald Trump to impose tariffs on up to $60 billion of Chinese imports.The Dow Jones Industrial Average fell 723.45 points, or 2.93 percent, to 23,958.86, the S&P 500 lost 68.23 points, or 2.52 percen...Read More

NEW YORK (Reuters) - The yen rose on Thursday, reaching a three-week peak against the dollar, as traders sought safety in the Japanese currency amid global trade tensions and weakness on Wall Street.U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although his action was far removed from threats that coul...Read More

Chile's state copper miner Codelco said on Thursday it had reached an agreement with the professionals' union at its Ministro Hales mine in northern Chile, following early talks on a new collective labor contract.The 36-month contract, which includes a signing bonus of 7.1 million pesos ($11,600), was approved by 75 per cent of the union, Codelco said in a statement.Ministro Hales had production o...Read More

Physicists from MIT, Harvard University, and Lawrence Berkeley National Laboratory have produced what the call "a kagome metal" - an electrically conducting crystal, made from layers of iron and tin atoms, with each atomic layer arranged in the repeating pattern of a kagome lattice.In a paper published in Nature, the scientists explain that their creation was inspired by Japanese kagome baskets, w...Read More

Gold and silver prices benefited, as did securities tracking the precious metals, as the U.S. dollar depreciated after the Fed monetary policy release and discussion.The U.S. dollar fell and precious metals rose because of a letdown against a worst case scenario expectation for an upward adjustment to the Fed's rate forecasts for 2018.Moving forward, the dollar could decline further, and metals...Read More

(Reuters) - U.S. stocks dropped on Thursday but managed to recover from earlier lows in the wake of an action by President Donald Trump to impose tariffs on up to $60 billion of Chinese imports.Trump, according to a presidential memorandum he signed, will target the imports only after a consultation period. China will have space to respond, reducing the risk of immediate retaliation from Beijing.T...Read More

NEW YORK (Reuters) - Oil prices fell on Thursday as investors took profits after this week’s rally and as U.S. stock markets fell, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.Brent crude LCOc1 futures fell 56 cents to settle at $68.91 a barrel, a 0.8 percent loss, having retreated from a session peak of $69.70, close to its highest level since ea...Read More

Daniel Rabie, chief executive of AIM-listed GetBusy Plc (LON:GETB) tells Proactive about its innovative document managing software for accounting firms and the successful year it had. "Our subscription rate grew 23%, we created operating leverage of 34% and opened some really exciting growth channels.""We had a really great first year and we are proud of the results", said Rabie.  Meet A...Read More

(Kitco News) - Despite avoiding an imminent trade war with the U.S. oversteel and aluminum tariffs, Canada should not be breathing easier, thisaccording to Shark Tank star Kevin O’Leary.“I don’t think the long-term outcome of the negotiations isgoing to be better for Canada,” O’Leary told Kitco News. “For example, onsteel, what will probably end up in the NAFTA...Read More