March 2 (Reuters) - Gold prices held little changed near two-month lows on Friday, as the dollar eased after U.S. President Donald Trump announced plans to impose heavy tariffs on imported steel and aluminum.FUNDAMENTALS* Spot gold was flat at $1,316.13 an ounce at 0124 GMT. Prices fell to their lowest since Jan. 2 to $1,302.61 in nthe previous session, under pressure from expectations of U.S. int...Read More
China, Australia and Russia are the largest producers of gold in the world, but which countries round out the list? Find out here.Read full newsRead More
When the American stock market took a heavy hit earlier in February, some major companies found solace in share buybacks.Read full newsRead More
Steve Holland, Ginger GibsonWASHINGTON (Reuters) - President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada.Fears of a trade war triggered a selloff on Wall Street.Trump said the duties, 25 percent on steel imports and 10 percent on alu...Read More
TOKYO, March 2 (Reuters) - Toyota Motor Corp saidon Friday U.S. tariffs on imported steel and aluminum wouldsubstantially raise costs and therefore prices of cars andtrucks sold in America. "The (U.S.) Administration's decision to impose substantialsteel and aluminum tariffs will adversely impact automakers, theautomotive supplier community and consumers," the automaker toldReuters. Toyo...Read More
CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33% The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended...Read More
- Four key themes to drive gold prices in 2018 - World Gold Council annual review- Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018- Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010- "Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in s...Read More
CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33% The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended...Read More
- Four key themes to drive gold prices in 2018 - World Gold Council annual review- Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018- Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010- "Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in s...Read More
** Coal explorer Whitehaven Coal Ltd falls as muchas 3.29 pct to A$4.120, its lowest since Dec. 13, 2017** Stock trades without entitlement to its latest dividendpayout** Stock among biggest pct losers on the Asx Small ResourcesIndex ** Up to Thursday's close, stock had fallen 4.5 pct thisyearReuters Messaging:SyedSaifHussain.Naqvi.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed i...Read More
WASHINGTON, March 1 (Reuters) - The U.S. Commerce Departmentsaid on Thursday it made a final antidumping and countervailingduty determination to impose duties on imports of silicon metalfrom Australia, Brazil, Norway and Kazakhstan. The department said it imposed antidumping duties of 41.73percent to 51.28 percent for imports from Australia, 68.97percent to 134.92 percent for imports from Brazil,...Read More
** Australian lithium miners Galaxy Resources Ltd ,Orocobre Ltd and Pilbara Minerals Ltd dropbetween 3.8 pct and 7.2 pct** Chilean miner SQM , one of the world's largestproducers of lithium, warns lithium prices could weaken insecond half of the year ** "We believe that the market price will remain strong inthe first half of the year with the potential to stabilize ordecrease slightly in the...Read More
** Metals miner Rio Tinto falls as much as 1.4 pct,while larger rival BHP trades 1.6 pct lower** U.S. President Donald Trump said on Thursday that UnitedStates would impose import tariffs on steel and aluminium,raising concerns about a trade war ** "Any kind of challenge to world trade and global growthmeans there is real risk for our markets," said said MathanSomasundaram, market portfo...Read More
* USD/IDR opens at 13720 from prev close 13745, but rebounds* Last at 13730, likely to maintain bullish bias in channel* Fri close above 13690 will keep long bets in favour* USD dampened after Trump's tariffs send US yields sliding* Bond buying and global stock selloff cue general risk aversion* USD/EM pairs will struggle against the tide, likely rise later <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
* USD/IDR opens at 13720 from prev close 13745, but rebounds* Last at 13730, likely to maintain bullish bias in channel* Fri close above 13690 will keep long bets in favour* USD dampened after Trump's tariffs send US yields sliding* Bond buying and global stock selloff cue general risk aversion* USD/EM pairs will struggle against the tide, likely rise later <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
** Department store operator Matsuya Co rises 3.7pct to 1,546 yen** Co says February sales at its main store in Ginza rose12.3 pct on year** Co has underperformed the Tokyo SE TOPIX Retail TradeStock Price Index sector by 3.7 percentage points inthe past one month** The main stock index NIKKEI 225 has fallen 1.56percent in the past month** As of 01:03 GMT, about 106.00 thousand shares of theTokyo-...Read More
Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy 250 billion yen in treasury discount bills oughtright from 3/6. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can...Read More
Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy 250 billion yen in JGBs outright with residual maturities of more than 1 year and up to 3 years from 3/6. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, ne...Read More
Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy 330 billion yen in JGBs outright with residual maturities of more than 3 years and up to 5 years from 3/6. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, n...Read More
Date 3/2 (BOJ Financial Markets Department) - The Bank of Japan said it offered to buy 450 billion yen in JGBs outright with residual maturities of more than 5 years and up to 10 years from 3/6. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however,...Read More