LONDON (Reuters) - The five banks that settle every transaction in London’s $6.8 trillion a year gold market are changing the rules of their clearing house to make it easier for newcomers to join.The reform is part of a broad overhaul of institutions that underpin the world’s largest bullion trading center to make them more transparent after accusations of price manipulation by banks a...Read More

NEW YORK (Reuters) - Bitcoin fell to a 1-1/2 week low on Wednesday after the U.S. Securities and Exchange Commission warned of “potentially unlawful” systems that trade crypto-currencies, which investors may use with an unearned sense of safety.At 1:07 p.m. (1807 GMT), the world's biggest and best-known digital currency BTC=BTSPwas last down 7.53 percent at $9,924.03 on the Luxembourg...Read More

NEW YORK (Reuters) - Bitcoin fell to a 1-1/2 week low on Wednesday after the U.S. Securities and Exchange Commission warned of “potentially unlawful” systems that trade crypto-currencies, which investors may use with an unearned sense of safety.At 1:07 p.m. (1807 GMT), the world's biggest and best-known digital currency BTC=BTSPwas last down 7.53 percent at $9,924.03 on the Luxembourg...Read More

Turnaround specialist Volvere PLC (LON:VLE) said it expects record full year revenues, sending its shares higher on Wednesday.The company estimates revenue rising to ?43.2mln in 2017 from ?33mln a year ago and profit before tax increasing to ?3.2mln from ?1.9mln.Revenue growth was driven by a strong performance in its 83%-owned automotive consulting business, Impetus Automotive Ltd, and in fro...Read More

Exxon Mobil (NYSE:XOM) stock is down 3.1% to trade at $73.81, the worst Dow stock today, after the oil conglomerate failed to outline a share buyback plan at today's analyst day. Instead CEO Darren Woods announced a spending plan that projects the company's earnings to more than double by 2025 if crude prices hold at current levels. Still, options traders are targeting puts. More than 28,000 put...Read More

WASHINGTON (Reuters) - Gary Cohn, the top economic adviser to U.S. President Donald Trump and a voice for Wall Street in the White House, said on Tuesday he would resign, a move that came after he lost a fight over Trump’s plans for hefty steel and aluminum import tariffs.The departure of Cohn, director of the National Economic Council, was expected to be finalized in a few weeks and will bl...Read More

Marvell Technology Group Ltd. (NASDAQ:MRVL) is slated to unveil its fourth-quarter earnings report tomorrow after the stock market closes. MRVL has gained 10% year-to-date, and a sharp bounce off its 100-day moving average has the shares trading near their late-November 11-year high of $24.22, last seen up 1% at $23.82. History suggests MRVL could continue this positive price action tomorrow, con...Read More

NEW YORK (Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday outlined an ambitious capital spending plan it said would more than double annual earnings by 2025, hoping to allay investor fears that the world’s largest publicly traded oil producer has seen its best days.Despite the ambitious plan to woo Wall Street, Exxon shares slid 3.1 percent to their lowest level in more than two years.Once...Read More

OTTAWA (Reuters) - Canada is sticking to its keep-calm strategy as U.S. President Donald Trump ramps up trade war rhetoric, convinced that no move is the best move for the country with the most to lose, but critics say it risks being a soft target if its strategy fails.While the European Union immediately drew up a list of U.S. products from bourbon to blue jeans to hit if Trump follows through on...Read More

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

SP Angel's John Meyer discusses with Proactive Investors' Andrew Scott some of the 'transformational' developments being made in flying car and electric plane technologies.Meyer highlights the potentially huge market for rare earth metals as well as other battery metals to power these new vehicles.In terms of those companies well positioned to benefit - he reckons it's worth taking a look at Afric...Read More

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

(Reuters) - Wall Street’s main indexes fell on Wednesday as U.S. President Donald Trump looked set to impose steep tariffs on imported steel and aluminum this week, a move that could spiral into a global trade war.The markets have been choppy, with the Dow falling more than 300 points, following the exit of staunch free trade supporter Gary Cohn from the White House.“There is more of a...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday that China has been asked to develop a plan to reduce its trade surplus with the United States, without giving any details on how such a request had been conveyed.Trump is pressing to implement campaign promises of hardening the U.S. stance on trade. Last week, he announced that he planned to impose heavy tariffs on imported stee...Read More

As Premier Oil PLC (LON:PMO) releases its full year results on Thursday the attentions will be on cash flow generation, with investors waiting to see the pay-off from the group's recent production growth thanks to the introduction of the Catcher field.Premier's production amounted to around 75,000 boepd during 2017, and Investec analyst Brian Gallagher is expecting 2018 output to come in at 82,000...Read More

President Donald Trump's proposed tariffs on steel and aluminum imports have made major waves in both Washington, D.C., and on Wall Street. Not only did Trump's chief economic advisor just hit the bricks in opposition, but European leaders are now warning of retaliatory tariffs, exacerbating concerns about a global trade war and sending U.S. stocks lower today. However, notable exceptions to the d...Read More

FRANKFURT (Reuters) - Goldman Sachs is starting to move some senior bankers to Frankfurt in preparation for Britain’s exit from the European Union, the investment bank’s co-chief for Germany said on Wednesday.“We’re starting to build infrastructure by making transfers and moving senior people to Frankfurt,” Joerg Kukies said at a conference, without giving the number...Read More

NEW YORK (Reuters) - The dollar held steady on Wednesday, recouping earlier losses tied to the exit of a top economic adviser to U.S. President Donald Trump, which had raised concerns that tensions over a global trade war were entering a heightened phase.Doubts among traders persist over whether Trump’s proposed tariffs on imported steel and aluminum will be enacted, even after the White Hou...Read More

WASHINGTON (Reuters) - The U.S. trade deficit increased to a more than nine-year high in January, with the shortfall with China widening sharply, suggesting that President Donald Trump’s “America First” trade policies are unlikely to have a material impact on the deficit.The trade deficit continues to widen a year into the Trump presidency. Trump, who claims that the United State...Read More

By David Hodari LONDON--Copper prices dropped on Wednesday, with growing fears of global trade disputes souring sentiment across the metals complex. The industrial metal fell 0.66% to $6,946.50 a metric ton in midmorning trade. Gold prices also fell, ticking down 0.12% to $1,333.11 a troy ounce, pausing from their recent ascent after gaining 0.8% so far this week. The pressure on metals prices...Read More