Rio Tinto-controlled Turquoise Hill Resources said Tuesday it had received an "information" request from the Mongolian Anti-Corruption Authority (ACA) to provide financial data associated to its giant Oyu Tolgoi copper and gold mine in Mongolia.The petition relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreeme...Read More

(Reuters) - U.S. consumer prices cooled in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual.The Labor Department said its Consumer Price Index rose 0.2 percent last month, in line with consensus forecasts, after jumping 0.5 percent in January. In the 12 months...Read More

(Reuters) - U.S. stock indexes were set to open higher on Tuesday as a decline in expectations for the pace of interest rate rises outweighed news of Rex Tillerson’s ouster as U.S. Secretary of State.Trump said he replaced Tillerson with Central Intelligence Agency Director Mike Pompeo and has tapped Gina Haspel to lead the CIA.The news comes just a week after the departure of Trump’s...Read More

Wall Street this morning is focusing on economic data, as investors react to February's consumer price index (CPI). Consumer prices ticked up 0.2% for the month, matching expectations and easing fears of accelerating inflation ahead of next week's Fed meeting. Stock futures soared as a result, with the Dow Jones Industrial Average (DJI) ready for a triple-digit jump at the open. The Nasdaq Composi...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump fired Secretary of State Rex Tillerson on Tuesday after a series of public rifts over issues including North Korea and Russia, replacing his chief diplomat with loyalist CIA Director Mike Pompeo.The biggest shakeup of Trump’s Cabinet since he took office more than a year ago, which the president announced on Twitter, comes as the administrat...Read More

(Reuters) - Rising interest rates along with strong job growth has led to more uninsured mortgages and longer tenure of car loans, putting a strain on the lending quality of Canadian banks, Moody’s Investor Service said in a report released on Tuesday.“Almost half of outstanding mortgages will have an interest rate reset within the year, which will increase the strain on households&rsq...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump fired Secretary of State Rex Tillerson on Tuesday after a series of public rifts over issues including North Korea and Russia, replacing his chief diplomat with loyalist CIA Director Mike Pompeo.The biggest shakeup of Trump’s Cabinet since he took office more than a year ago, which the president announced on Twitter, comes as the administrat...Read More

HELSINKI (Reuters) - Finland’s government investment arm has spent about 844 million euros ($1.04 billion) on building a 3.3 percent stake in Nokia (NOKIA.HE) to strengthen national influence over the telecom network gear maker.Nokia ruled the global mobile phone market a decade ago and the collapse of that business was a major cause of a decade of economic stagnation from which Finland is o...Read More

(Reuters) - U.S. stock index futures extended gains on Tuesday after data showed U.S. consumer prices cooled in February, the latest indication that an anticipated pickup in inflation probably will be only gradual.At 8:31 a.m. ET, Dow e-minis 1YMc1 were up 122 points, or 0.48 percent, while S&P 500 e-minis ESc1 were up 14 points, or 0.5 percent. Nasdaq 100 e-minis NQc1 were up 28.25 points, or...Read More

Mr. Mark Kolebaba reportsADAMERA'S SE-01 RESULTS LOW GRADE - DRILL MOVED TO KEY WEST MINE CONDUCTORAdamera Minerals Corp.has provided gold results for the first and second drill holes on the SE-01 VTEM target at its Cooke Mountain project in Washington State. Drill hole HLK18-01 returned elevated gold values up to 0.3 gram per tonne in zones with sulphide mineralization. Drill hole HLK18-02 provid...Read More

Mr. Mark Kolebaba reportsADAMERA'S SE-01 RESULTS LOW GRADE - DRILL MOVED TO KEY WEST MINE CONDUCTORAdamera Minerals Corp.has provided gold results for the first and second drill holes on the SE-01 VTEM target at its Cooke Mountain project in Washington State. Drill hole HLK18-01 returned elevated gold values up to 0.3 gram per tonne in zones with sulphide mineralization. Drill hole HLK18-02 provid...Read More

Mr. Shawn Wallace reportsAURYN RESOURCES ANNOUNCES US$8.5 MILLION FINANCINGAuryn Resources Inc. has entered into an agreement dated March 13, 2018, with Cantor Fitzgerald Canada Corp. (CFCC), as bookrunner and lead underwriter, on behalf of itself and a syndicate of underwriters, to purchase, on a bought deal basis, 5,230,770 common shares of the company at the price of $1.30 (U.S.) per offered sh...Read More

Mr. Shawn Wallace reportsAURYN RESOURCES ANNOUNCES US$8.5 MILLION FINANCINGAuryn Resources Inc. has entered into an agreement dated March 13, 2018, with Cantor Fitzgerald Canada Corp. (CFCC), as bookrunner and lead underwriter, on behalf of itself and a syndicate of underwriters, to purchase, on a bought deal basis, 5,230,770 common shares of the company at the price of $1.30 (U.S.) per offered sh...Read More

(Kitco News) - Gold prices are up in early U.S. trading Tuesday, and have erased modest overnightlosses. The just-released U.S. consumer price index report posted numbers thatwere in line with market expectations, which was a relief to those traders andinvestors who were worried about hotter inflation. April Comex gold futureswere last up $4.10 an ounce at $1,325.00. May Comex silver was last up $...Read More

WASHINGTON, (Reuters) - U.S. consumer prices cooled in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual.The Labor Department said its Consumer Price Index rose 0.2 percent last month after jumping 0.5 percent in January. In the 12 months through February, the...Read More

Commerzbank says gold prices may well weaken ahead of ameeting of the Federal Open Market Committee next week. After all, this hasbeen a pattern for the yellow metal, which then tends to rise afterward. A U.S.rate hike is expected at next week’s FOMC meeting, the first to be chaired byJerome Powell. “It was not unusual for gold to experience phases of weaknessahead of a Fed meeting las...Read More

Commerzbank says gold prices may well weaken ahead of a meeting of the Federal Open Market Committee next week. After all, this has been a pattern for the yellow metal, which then tends to rise afterward. A U.S. rate hike is expected at next week’s FOMC meeting, the first to be chaired by Jerome Powell. “It was not unusual for gold to experience phases of weakness ahead of a Fed meetin...Read More

(Kitco News)- Gold prices have turned positive on the day as marketsdigest a steady increase in U.S. inflation pressures.Tuesday, the U.S. Labor Department said its U.S. ConsumerPrice Index rose 0.2% in February, after increasing 0.5% in January. Theincrease was stronger than expected as consensus forecasts were calling for a0.2% increase.For the year, headline inflation increased 2.2%, the report...Read More

Consumer price index, core both rise 0.2% from prior monthAuto prices decline; housing, apparel costs increaseU.S. consumer prices rose 0.2 percent from January matching the median estimate of economists.U.S. consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve’s target without the kind of breakout that would warrant a faster pace of...Read More

For the last few days, gold hastried to catch a bid to go higher, but each time it has failed. Since lastWednesday's high, gold has attempted to rally each day only to close lower.There seems to be a lot of waiting on gold, keeping the metal from breaking outto the upside.Every news event that seemedpositive for the metals has resulted in a failed rally. Prices seem to behovering at the bottom end...Read More