WASHINGTON (Reuters) - The head of the most influential U.S. business lobbying group warned the Trump administration on Thursday that unilateral tariffs on Chinese goods could lead to a destructive trade war that will hurt American consumers and U.S. economic growth.U.S. Chamber of Commerce President Thomas Donohue said in a statement that such tariffs, associated with a probe of China’s int...Read More

Kudlow says “I would buy King Dollar and I would sell gold.”  Gold is still capped by the 1,360.00 multi-month resistance. The precious metal is trading at above 1,317 down 0.54% on the day as Kudlow jawboned about the US dollar.  Larry Kudlow was appointed by Trump as the new White House top economic advisor on Wednesday. In a comment, he said that he would like to see&nbs...Read More

Vancouver-based First Quantum Minerals (TSX:FM)(LON:FQM) denounced that some workers and leaders from an outside union have been carrying out protest actions since March 9, 2018, which have "reduced the level of work being performed on the [Cobre Panama] project."The information was provided by First Quantum in a media statement and also during a press conference held today by representatives of M...Read More

Over the last three consecutive weeks, gold has closed on Friday below the opening price on Monday. Even though there is still one more trading day this week, it seems probable that tomorrow’s closing price will be below Monday’s opening price.After trading to a double top at $1360 during the week of February 12, market forces and investor sentiment have resulted in lower pricing on th...Read More

Vancouver-based First Quantum Minerals (TSX:FM)(LON:FQM) denounced that some workers and leaders from an outside union have been carrying out protest actions since March 9, 2018, which have "reduced the level of work being performed on the [Cobre Panama] project."The information was provided by First Quantum in a media statement and also during a press conference held today by representatives of M...Read More

Over the last three consecutive weeks, gold has closed on Friday below the opening price on Monday. Even though there is still one more trading day this week, it seems probable that tomorrow’s closing price will be below Monday’s opening price.After trading to a double top at $1360 during the week of February 12, market forces and investor sentiment have resulted in lower pricing on th...Read More

March 15 (Reuters) - Mines run by Glencore, Randgold Resources and three other international companies have quit the Democratic Republic of Congo’s chamber of commerce, saying the industry body does not adequately represent their interests after the introduction of a new mining law.The miners said in a joint statement that a team representing the companies had arrived in Kinshasa and would b...Read More

FTSE 100 closes up around 7ptsFinancial stocks gainTesco gains on JP Morgan upgradeHammerson hammered FTSE 100 closed higher - just - as the Dow Jones in the US rallied amid an easing over trade war tensions.Britain's blue chip index closed up around seven points, or 0.10%, at 7,139, while FTSE 250 was equally lacklustre, adding just around eight points at 19,828.There was no major UK da...Read More

Traders weigh mixed reports on factories, consumers, growthTreasury yields advance; euro declines; Texas crude jumpsJames Bevan Says Big Worries Relate to the Uncertainties on Central BanksU.S. stocks closed higher for the first time all week as traders digested positive factory output and consumer sentiment reports before next week’s Federal Reserve meeting. Ten-year Treasury yields rose a...Read More

Gold held by Venezuela's central bank fell 14 per cent in value in 2017 compared with the previous year, according to the bank's financial statement.Gold represents just under 70 per cent of the bank's international reserves, which at the end of 2017 totaled $9.665 billion.The value of Venezuela's monetary gold stood at $6.626 billion as of December 2017, according to the most recent official info...Read More

A 'An-12' airplane taking off after refuelling at an airport in Siberia lost almost 172 bars of gold/silver dore that fell to the ground after breaking through the loading bay fuselage. The bars, which originally came from Kinross' Kupol mine in Chukotka, northeastern Russia, weighted 20 kilos each and ended up scattered on the runway and the fields that surround the airport.According to local med...Read More

A 'An-12' airplane taking off after refuelling at an airport in Siberia lost almost 172 bars of gold/silver dore that fell to the ground after breaking through the loading bay fuselage. The bars, which originally came from Kinross' Kupol mine in Chukotka, northeastern Russia, weighted 20 kilos each and ended up scattered on the runway and the fields that surround the airport.According to local med...Read More

Astorius Resources Ltd. (TSXV: ASQ, Frankfurt: 47AF)("Astorius" or the "Company") is pleased to announce that alluvial mining consultants, Velrub Ltd. ("Velrub"), have been hired to perform exploration work on both the Company's Condor and Osos1 concessions located in Ecuador.Read full newsRead More

Dustin Volz, Timothy GardnerWASHINGTON (Reuters) - The Trump administration on Thursday blamed the Russian government for a campaign of cyber attacks stretching back at least two years that targeted the U.S. power grid including nuclear facilities.The condemnation is the first time the United States has publicly accused Russia of attempting to hack into the American energy infrastructure, which U....Read More

NEW YORK (Reuters) - The Federal Reserve bought $3.195 billion of agency mortgage-backed securities in the week from Mar. 8 to Mar. 14, compared with $3.374 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments on the agency debt and agenc...Read More

NEW YORK (Reuters) - Oil prices edged higher in choppy trade on Thursday after the International Energy Agency said global oil demand is expected to pick up this year, but warned supply is growing at a faster pace.Prices notched their second consecutive day of gains, as West Texas Intermediate (WTI) crude CLc1 futures rose 23 cents to settle at $61.19 a barrel, a 0.4 percent gain. Brent crude LCOc...Read More

NEW YORK (Reuters) - The S&P 500 turned lower on Thursday on a report that U.S. Special Counsel Robert Mueller had issued a subpoena for documents related to U.S. President Donald Trump’s businesses, reinforcing the picture of turmoil in the White House.The S&P fell to a session low soon after the New York Times report was released. The Nasdaq, already down, added to its losses, whil...Read More

BRUSSELS (Reuters) - Large companies with significant digital revenues in the European Union such as Google and Facebook could face a 3 percent tax on their turnover under a draft proposal by the European Commission seen by Reuters.The proposal, expected to be adopted next week and still subject to changes, updates an earlier draft which envisaged a tax rate of between 1 and 5 percent.The tax, if...Read More

UnitedHealth stock helped the Dow higher, howeverThe Dow finished over 100 points higher today, snapping a three-day losing streak thanks to a strong session from UnitedHealth (UNH) and upbeat economic data. However, the S&P and Nasdaq ended the day in the red, amid lingering concerns of a global trade war and reports that special counsel Robert Mueller recentlysubpoenaed the Trump Organization f...Read More

In preparation for an interview today with Kitco's Daniela Cambone I've put together some notes on the Kudlow appointment.For what it is worth:KudlowHis positions are well known....+Knocks on his bombastic persona and spotty track record are also well known+In 2007-2008 he vehemently came out saying everything was fine. And his math and logic in justifying his reasons were flawed by my cou...Read More