Fed press conference is now live. The $1330 is still a line in the sand. The FOMC is considered dovish by the market. Gold is trading at around 1324 as the Federal Reserve hikes rates by 25bp as expected.  The Fed expects to hike only 3 times this year opposed to the 4 expected by the most hawkish market participants. 3 more rate hikes are expected in 2019 and 2 more in 2020.  The...Read More

The much-anticipated FOMC meeting concluded today, resulting in an announcement that they will raise the Fed funds rate by 25 basis points (1/4%). This was in complete alignment with existing market sentiment. They also announced that they would stay the course and are projecting a total of two more rate hikes this year, for a total of three rate hikes in 2018.Although the 25-basis point rate hike...Read More

The much-anticipated FOMC meeting concluded today, resulting in an announcement that they will raise the Fed funds rate by 25 basis points (1/4%). This was in complete alignment with existing market sentiment. They also announced that they would stay the course and are projecting a total of two more rate hikes this year, for a total of three rate hikes in 2018.Although the 25-basis point rate hike...Read More

Dow Jones Industial Average loses more than 700 pointsOil turns lower as trade fears spur global risk-off tradeMichael Purves, chief global strategist at Weeden & Co., comments on market uncertainty about tariffs.U.S. stocks tumbled, pushing benchmark gauges back toward the lows set during the worst of the February rout, as President Donald Trump’s decision to slap tariffs on Chinese goods...Read More

According to BHP Billiton's Andrew Mackenzie, a rise in clean energy won't mean a fall in commodities demand - in fact, he sees a future of prosperity.Read full newsRead More

FTSE 100 closes down around 22ptsMining stocks wanted as dollar retreatsAll eyes and ears on Fed's interest rate decision FTSE 100 closed in the red as sterling  strengthened as traders fret about a potential trade war and ahead of the Fed's interest rate decision.The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.In curren...Read More

SANTIAGO, Chile (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday his agency has worked on U.S. investment restrictions on China for President Donald Trump to consider as part of his decisions on intellectual property actions against Beijing.“We have worked on options for his consideration,” Mnuchin said, referring to Trump.Mnuchin also told Reuters in an interview t...Read More

Simon Johnson, Jussi RosendahlVANTAA, Finland (Reuters) - Informal talks held in Finland between North Korean, South Korean and U.S. delegates ended on Wednesday, the Finnish foreign ministry said, describing the talks as constructive.Some 18 delegates from the three countries, including Choe Kang Il, a deputy director general for North American affairs at North Korea’s foreign ministry, cam...Read More

For now at least, Barrick Gold Corp. seems to have escaped a tax crackdown in Zambia that has embroiled fellow Canadian miner First Quantum Minerals Ltd.That should be welcome news for a company whose news flow has been punctuated with controversy from Tanzania to Argentina and Chile.On Tuesday, First Quantum revealed that the Zambian tax agency reassessed its equipment imports over six years, dem...Read More

For now at least, Barrick Gold Corp. seems to have escaped a tax crackdown in Zambia that has embroiled fellow Canadian miner First Quantum Minerals Ltd.That should be welcome news for a company whose news flow has been punctuated with controversy from Tanzania to Argentina and Chile.On Tuesday, First Quantum revealed that the Zambian tax agency reassessed its equipment imports over six years, dem...Read More

Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU).Rockstar is located in Ontario's Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Trac...Read More

Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU).Rockstar is located in Ontario's Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Trac...Read More

Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU).Rockstar is located in Ontario's Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Trac...Read More

David Chance, Steve HollandWASHINGTON (Reuters) - America’s top trade diplomat is readying a mix of tariffs on Chinese imports and investment restrictions to punish Beijing for its alleged theft of U.S. intellectual property if President Donald Trump gives the go-ahead, a move that could come by Friday.U.S. Trade Representative Robert Lighthizer told the House of Representatives Ways and Mea...Read More

Pete SchroederWASHINGTON (Reuters) - A committee in the U.S. House of Representatives voted Wednesday to name the Federal Reserve as the primary regulator for the “Volcker Rule,” which bars banks from speculative trading.The bill, which was approved by the House Financial Services Committee by a vote of 50 to 10, would name the Fed as the primary Volcker Rule regulator, with the goal o...Read More

(Kitco News)- The gold market pushed to a two-week high, posting its bestgains since last month’s equity market meltdown as the Federal Reservedisappointed U.S. dollar bulls after projecting only three rate hikes this year,according to some analysts.The gold market is trading just down from session highs,benefiting from the fact that the Federal Reserve is in no hurry to raiseinterest rates...Read More

(Kitco News) - The gold market pushed to a two-week high, posting its best gains since last month’s equity market meltdown as the Federal Reserve disappointed U.S. dollar bulls after projecting only three rate hikes this year, according to some analysts.The gold market is trading just down from session highs, benefiting from the fact that the Federal Reserve is in no hurry to raise interest...Read More

The Dow erased a 250-point leadThe Dow was up 250 points soon after the Fed officially raised interest rates and forecast threerate hikes in 2018, as expected, briefly sending the 10-year Treasury yield soaring. The central bank also said "the economic outlook has strengthened in recent months," and raised its projections for the fed funds rate in 2019. However, stocks waffled and eventually turn...Read More

A mixture of cyanide and copper, when irradiated with UV light, could have produced simple sugars that formed the building blocks of life on early Earth. This is according to Harvard graduate student Zoe Todd and Dimitar Sasselov, the Phillips Professor of Astronomy and director of the Harvard Origins of Life Initiative.In a paper published this week in the journal Chemical Communications, the res...Read More

A mixture of cyanide and copper, when irradiated with UV light, could have produced simple sugars that formed the building blocks of life on early Earth. This is according to Harvard graduate student Zoe Todd and Dimitar Sasselov, the Phillips Professor of Astronomy and director of the Harvard Origins of Life Initiative.In a paper published this week in the journal Chemical Communications, the res...Read More