STOCKHOLM, Feb 16 (Reuters) - One of the Swedish central bank's most hawkish rate-setters, Deputy Governor Martin Floden, has had his mandate extended for another six years, the Riksbank's General Council said on Friday.Economics professor Floden joined the six-member board in 2013 and his mandate is now extended until May 21, 2024."Martin Floden has contributed a high level of competence wit...Read More

Gold has recovered smartly, after falling to a recent low of around USD1240/oz in early December 2017, following the interest rate rise by the US Federal Reserve, explains the analysis team at NAB.  Key Quotes “US dollar weakness and doubts around alternatives (such as crytocurrencies) are generally supportive of gold, and we expect it to remain in the USD1300/oz range. NAB forecasts th...Read More

By Rajendra Jadhav and Sethuraman N RBENGALURU/MUMBAI, Feb 16 (Reuters) - Physical gold was sold at a discount in India this week for the first time in three weeks as demand for the metal slumped due to a jump in local rates, while the Lunar New Year holiday cappedbuying at the end of the week elsewhere in Asia.Demand was down to a quarter its usual levels as buyers were deterred by a recent price...Read More

Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed.A decade-long commodity boom coincided with years of economic growth when China took off, but when the global economy slowed, so did the market for commodities from oil to copper.Data shows...Read More

Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed.A decade-long commodity boom coincided with years of economic growth when China took off, but when the global economy slowed, so did the market for commodities from oil to copper.Data shows...Read More

* Graphic: World FX rates in 2018 By Ritvik CarvalhoLONDON, Feb 16 (Reuters) - World shares were set to post their best week of gains in six years on Friday after two consecutive weeks spent in the red, shrugging off a rise in global borrowing costs while the dollar hit its lowest level since 2014.The MSCI world index of stocks, which tracks shares in 47 countries, was up 0.4 percent after Europea...Read More

* Dollar index on track for worst weekly fall since Feb 2016* Swiss franc strongest vs dollar since June 2015* Japanese govt reappoints Kuroda as BOJ governor as expected* Graphic: World FX rates in 2018 By Jemima KellyLONDON, Feb 16 (Reuters) - The dollar slipped to its lowest levels in more than three years against a basket of currencies on Friday, headed for its biggest weekly loss in two years...Read More

A more dramatic move in the price of gold is necessary for miners to start outperforming the metal.Read full newsRead More

Edwin Wong, the chief investment officer of Hong Kong-headquartered SSG Capital Management and an ex-Lehman Brothers Holdings Inc. banker, sees a multitude of opportunities in India as the nation pushes ahead with a bankruptcy system overhaul.Read full newsRead More

The national park's full planning committee will visit the site on 27 February before making a decision.Read full newsRead More

Climate Home News: In 1996, Osvaldo Wuaru and his family arrived on the outskirts of the vast Munduruku Amazon Territory with a crucial mission: set up a village to hold back the invasion of pariwat (non-indigenous) gold miners. Twenty-one years later, it has all but failedRead full newsRead More

A more dramatic move in the price of gold is necessary for miners to start outperforming the metal.Read full newsRead More

A more dramatic move in the price of gold is necessary for miners to start outperforming the metal.Read full newsRead More

ALROSA, the world's largest diamond mining company, summed up the results of the contest "She said "YES!" and chose the most interesting idea of a marriage proposal.A young man from Moscow has become a winner. His name and the idea will remain a secret not to ruin the surprise for his dearie. He will receive a diamond ring as a reward to translate the wish into reality. ALROSA plans to follow the...Read More

New York, Philadelphia Fed price indexes surged this monthProducer price index increased in January on energy costsMarket Is Sniffing Some Inflationary Pressure, Says GkionakisThree measures of price pressures for American businesses showed they’re facing higher production costs, adding to evidence that inflation is creeping up in the U.S. economy.The Empire State Manufacturing prices-...Read More

Paulson owned 4.36 million shares in bullion-backed ETFBridgewater Associates added to its stake in SPDR GoldBillionaire hedge-fund manager John Paulson maintained his holding last quarter in SPDR Gold Shares, before prices of the metal capped the biggest annual gain in seven years.John PaulsonPhotographer: Rick Maiman/BloombergAs of Dec. 31, New York-based Paulson & Co. kept his sta...Read More

Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average, the S&P 500 and Nasdaq have now risen for five straight sessions. The Dow last closed above 25,000 on Feb. 2. The blue-chip index remained more than 1,400 points below its all-time closing high of 26,616 set on Jan. 26, 2018.Wall Street Overview Stocks closed higher on Thursday, Feb. 15, posti...Read More

The latest news and price moves to start the Asian day on Friday February 16.Base metals prices on the London Metal Exchange were broadly higher at the close on Thursday February 15, with only aluminium falling. Read more in our live futures report.Here are how LME prices looked at Thursday's close:Copper concentrate treatment and refining charges dropped marginally in the first half of Febru...Read More

As the Dow Jones industrial average fell over 2,600 points between Feb. 2 and Feb. 8, 2018, a decline of over 10% from the all-time high of 26,616 on Jan. 25, and officially a market "correction" as defined by Wall Street, one question kept repeating in investors' minds: Where is the "Powell Put?"A bit of explanation may be in order.The name "Powell" is a reference to Jay Powell, the newly install...Read More