BERLIN (Reuters) - Germany’s debt agency on Thursday cut its debt issue plans for the second quarter by two billion euros after the finance ministry reported a surge in tax revenue.“Funding requirements of the Federal Budget and its special funds have decreased since the beginning of the year,” the finance agency said.The government intends to issue two billion euro less in capit...Read More
Editor's Note: Updating earlier story to include more details from report(Kitco News) - Gold prices showed little reaction - holding onto earlier gains - after a LaborDepartment report Thursday showing that initial weekly U.S. jobless claims roseby 3,000 to a seasonally adjusted 229,000 in the week to Saturday.Consensusexpectations compiled by most news organizations called for initial claims...Read More
SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) Chief Executive Mark Zuckerberg apologized on Wednesday for mistakes his company made in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers’ access to such information.The world’s largest social media network is facing growing government scrutiny in Europe and the United States about a...Read More
U.S. Jobless Claims Indicate a Tight Labor MarketU.S. filings for unemployment insurance crept higher while the number of Americans on benefit rolls fell to the lowest level since 1973 in another indication of a tight job market, Labor Department figures showed Thursday.Highlights of Jobless Claims (Week Ended March 17)Jobless claims increased by 3k to 229k (est. 225k)Continuing claims&#...Read More
• The latest FOMC policy updates helped rebound sharply from 3-week tops. • Follow-through USD selling/weaker US bond yields should limit any downside. Gold quickly reversed an intraday dip to $1327 area and moved within striking distance of 2-week tops, set in the previous session. The precious metal rebounded sharply from three-week lows on Wednesda...Read More
(Kitco News) - Gold andsilver futuresprices are higher in early U.S. trading Thursday, on follow-through strengthfrom Wednesday’s gains. The cash gold market is a bit weaker today. Officialdaily metals futures settlement prices occur in early afternoon, U.S. time.Thus, the disparity sometimes between cash and futures daily pricechanges-especially when bigger price moves occur later in the af...Read More
LIMA (Reuters) - Peru's Vice President Martin Vizcarra will be sworn in as president, likely at around 11 a.m. or noon on Friday (1600-1700 GMT), after current President Pedro Pablo Kuczynski offered his resignation ahead of an impeachment vote, the head of Congress said.Luis Galarreta, an opposition lawmaker who is the current president of Congress, told a press conference on Wednesday that all o...Read More
SHANGHAI (Reuters) - China gingerly raised a key short-term interest rate on Thursday following the U.S. Federal Reserve Bank’s move overnight, in a symbolic reminder that Beijing is keeping an eye on global market trends even as it cracks down on financial risks at home.The People’s Bank of China (PBOC) said it had increased the rate on 7-day reverse repurchase agreements by 5 basis p...Read More
LONDON, March 22 (Reuters) - Euro zone businesses rounded off the first quarter of 2018 with their slowest growth in over a year, much weaker than expected, as new business took another hit from a stubbornly strong euro, a survey showed.The euro zone’s economic boom had already paused in February as rising prices left a mark, and a Reuters poll earlier this month said growth had peaked, worr...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS HIGH-GRADE, 7.5 METRES OF 21.77 G/T GOLD IN NEW EAST HIGH-GRADE ZONE AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received additional results from two holes which are evaluating the eastern extension of the Mother Lode deposit.The company believes that these new holes continue to define a new high-grade area of the east zone of the deposit as...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS HIGH-GRADE, 7.5 METRES OF 21.77 G/T GOLD IN NEW EAST HIGH-GRADE ZONE AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received additional results from two holes which are evaluating the eastern extension of the Mother Lode deposit.The company believes that these new holes continue to define a new high-grade area of the east zone of the deposit as...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
Federal Reserve policymakers Wednesdaypulled off an illusion that has Harry Houdini rolling over in his grave. Theymanaged to pretend to raise rates while keeping massive pressure on the dollar.The move was a zero-sum game for global interest rates, meaning that if you area foreign borrower, because of the weakness in the dollar, your interest ratesstayed the same.Gold loved the news and ralliedov...Read More
BEIJING (Reuters) - The launch of China’s yuan-denominated oil futures will mark the culmination of a decade-long push by the Shanghai Futures Exchange (ShFE) aimed at giving the world’s largest energy consumer more power in pricing crude sold to Asia.WHAT ARE THE CONCERNS AMONG FOREIGN INVESTORS?* Worries include how to freely exchange the yuan because of a Chinese clampdown on capita...Read More
The repeated instances of civil unrest during recent weeks offer yet more evidence that large numbers of Guineans hold the government in complete contempt amid mass school closures and controversy over the recent local elections. But among the numerous protests are renewed signs that many people also blame mining companies for the state's failure to contribute to their wellbeing. Anti-government s...Read More
The repeated instances of civil unrest during recent weeks offer yet more evidence that large numbers of Guineans hold the government in complete contempt amid mass school closures and controversy over the recent local elections. But among the numerous protests are renewed signs that many people also blame mining companies for the state's failure to contribute to their wellbeing. Anti-government s...Read More
The repeated instances of civil unrest during recent weeks offer yet more evidence that large numbers of Guineans hold the government in complete contempt amid mass school closures and controversy over the recent local elections. But among the numerous protests are renewed signs that many people also blame mining companies for the state's failure to contribute to their wellbeing. Anti-government s...Read More
Dynasty Gold Congratulates Hecla Mining on Acquisition of Klondex Gold Mines in the Midas Gold Camp, NevadaVancouver, British Columbia (FSCwire) - Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) (Read full newsRead More
Apollo Minerals (ASX:AON) announced that it has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida, right next door to the company's Couflens tungsten and gold project, which is in France.Within the terms of the agreement, Apollo will acquire 75% of the share capital of NeoMetal Spania S.L, which holds the rights to the 100% interest in the Aure...Read More
Apollo Minerals (ASX:AON) announced that it has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida, right next door to the company's Couflens tungsten and gold project, which is in France.Within the terms of the agreement, Apollo will acquire 75% of the share capital of NeoMetal Spania S.L, which holds the rights to the 100% interest in the Aure...Read More