Recent News

Fed Seen Staying On Rate-Hike Path After Stock Market Plunge

February 06, 2018 / www.kitco.com

Richard LeongNEW YORK (Reuters) - Monday’s rout on Wall Street frayed investors’ nerves, but it is not enough to knock the Federal Reserve off course from its intended path to further raise interest rates in 2018 as the economy continues to hum along, analysts say.The worldwide market sell-off in equities wiped out $4 trillion in value from record peaks eight days ago, raising concerns...Read More

The Wild Ride Continues

February 06, 2018 / www.kitco.com

The roller coaster ride that is U.S. equities continues at full steam, with extreme price swings resulting in a 1100-point range in the Dow Jones Industrial Average. U.S. equities opened lower and the Dow Jones Industrial Average traded lower during the first part of the trading session. The Dow traded to a new low of 23,778 before finding tentative support and moving sharply off of those lows. Wi...Read More

The Wild Ride Continues

February 06, 2018 / www.kitco.com

The roller coaster ride that is U.S. equities continues at full steam, with extreme price swings resulting in a 1100-point range in the Dow Jones Industrial Average. U.S. equities opened lower and the Dow Jones Industrial Average traded lower during the first part of the trading session. The Dow traded to a new low of 23,778 before finding tentative support and moving sharply off of those lows. Wi...Read More

Gold bulls trapped as price looks to $1,324 levels

February 06, 2018 / www.fxstreet.com

Gold unable to capitalise on stock market corrections. DXY better bid and stealing the show, hurting Gold bulls that are trapped. Gold prices have declined further as the US session continues to favour the greenback as US yeilds continue to climb. Spot gold is currently at 1327.67 with a low of 1326.01 from a high of 1346.29. Gold is going to be an interesting commodity to monitor this...Read More

FTSE 100 closes 2.64% lower as stock chaos continues

February 06, 2018 / www.proactiveinvestors.co.uk

FTSE 100 closes 193 pts lowerNew York trading volatile as Dow rally swiftly reversedUS blue chips suffered biggest one-day fall since 2011 on Monday FTSE 100 finished 2.64% lower on Tuesday as the global stock slide, which started in the US, continued.Britain's blue chip benchmark closed down over 193 points at 7,141. FTSE 250 also tanked, to close down 2.17%, or almost 428 points, at 19,262....Read More

Temporary funding bill clears key procedural hurdle in U.S. House

February 06, 2018 / www.kitco.com

WASHINGTON, Feb 6 (Reuters) - The U.S. House of Representatives on Tuesday cleared a stop-gap funding bill for debate and a vote on passage later in the day as Congress maneuvered to avoid government agency shutdowns when existing money expires at midnight on Thursday.By a vote of 236-188, the House approved rules for debating the fifth temporary spending bill for the fiscal year that beganOct. 1....Read More

Gold Prices Near Session Lows As Wall Street Recovers

February 06, 2018 / www.kitco.com

(Kitco News) - Gold prices hit session lows late Tuesday afternoon as U.S. stocks bounced back up in what analysts described as a very volatile trading environment.The Dow Jones Industrial Average, which tumbled 1,600 points in the previous session, closed with a 567-points gain — the biggest intraday rise in almost a year. And S&P 500 Index rose 85.80 points, rising the most in a year,...Read More

Gold Prices Near Session Lows As Wall Street Recovers

February 06, 2018 / www.kitco.com

(Kitco News) - Gold prices hit session lows late Tuesday afternoon as U.S. stocks bounced back up in what analysts described as a very volatile trading environment.The Dow Jones Industrial Average, which tumbled 1,600 points in the previous session, closed with a 567-points gain — the biggest intraday rise in almost a year. And S&P 500 Index rose 85.80 points, rising the most in a year,...Read More

RPT-COLUMN-African miners, governments talk past each other, threatening boom: Russell

February 06, 2018 / www.kitco.com

(Repeats with no changes to text. The opinions expressed here are those of the author, a columnist for Reuters.)By Clyde RussellCAPE TOWN, Feb 6 (Reuters) - Africa's mining industry should be poised on the verge of great things, but instead it appears to be seeking a reset button as miners continue to clash with governments over how best to exploit the continent's resources. Africa is home to lar...Read More

UPDATE 2-Bitcoin bounces back from three-month low in volatile trade

February 06, 2018 / www.kitco.com

(Updates prices, adds comment)By Gertrude Chavez-DreyfussNEW YORK, Feb 6 (Reuters) - Bitcoin rallied from three-month lows below $6,000 in choppy trading on Tuesday, but worries lingered about a global regulatory clampdown and moves by banks to ban buying bitcoin with credit cards.On the Luxembourg-based Bitstamp exchange, bitcoin hit $5,920, its lowest since mid-November, before recovering to ab...Read More

.@NorthIsle_CG Appoints New Director

February 06, 2018 / ow.ly

Northisle Copper and Gold Inc. (TSX-V:NCX) ("Northisle" or the "Company") is pleased to announce the appointment of Martino De Ciccio to the Board of Directors.Read full newsRead More

UPDATE 1-Australia's CBA H1 profit dips on provision for regulatory costs

February 06, 2018 / www.kitco.com

(Adds that bank missed estimates, details of provisions, dividend, CEO quote)Feb 7 (Reuters) - Commonwealth Bank of Australia, the country's biggest mortgage lender, posted a decline in first-half cash-profit from continued operations on Wednesday, missing expectations, as it took a provision for regulatory and compliance costs.The bank's profit for the six months ended Dec. 31 slipped 2 percent...Read More

UPDATE 1-GRAPHIC-Wall Street stocks slump leaves S&P 500 index P/E at lowest since 2016

February 06, 2018 / www.kitco.com

(Updates with close of market, changes headline)By Noel RandewichSAN FRANCISCO, Feb 6 (Reuters) - Deep losses in Wall Street stocks and recent optimism about profit growth have left the benchmark U.S. S&P 500 index trading at its lowest price-to-earnings multiple in over a year.While some traders warn that a "buy the dip" mentality may be coming to an end after a nine-year stock ral...Read More

CANADA STOCKS-TSX finishes higher, reversing earlier declines

February 06, 2018 / www.kitco.com

TORONTO, Feb 6 (Reuters) - Canada's main stock index closed higher on Tuesday, reversing earlier falls as it followed a similar turnaround on Wall Street and benefited from gains among energy and industrial stocks. At 4:25 p.m. (2125 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 29.12 points, or 0.19 percent, to 15,363.93.The largest percentage gainer was cannabis company Can...Read More

UPDATE 1-Chipotle restaurant sales rise slightly after price increases

February 06, 2018 / www.kitco.com

(Adds details on profit, sales results)Feb 6 (Reuters) - Chipotle Mexican Grill Inc on Tuesday reported a slightly better-than-expected rise in sales at established restaurants, boosted by menu price increases, as it works to regain customer trust after food safety lapses in 2015.Sales at Chipotle restaurants open at least 13 months were up 0.9 percent for the fourth quarter. Analysts, on average...Read More

Gilead Q4 hepatitis C drug sales plummet, shrs drop 3 pct after hours

February 06, 2018 / www.kitco.com

By Deena BeasleyFeb 6 (Reuters) - Gilead Sciences Inc on Tuesday said fourth-quarter sales of its flagship hepatitis C drugs fell by more than half amid increased competition and forecast a further slowdown next year, sending its shares lower after the closing bell.For full-year 2018, the biotechnology company forecast product sales of $20 billion to $21 billion, down from $25.7 billion last year....Read More

.@AngkorGold Announces Executive Appointments

February 06, 2018 / ow.ly

ANGKOR GOLD CORP.(TSXV:ANK / OTC:ANKOF) ("Angkor" or "the Company") Board of Directors announces new appointments within management.Read full newsRead More

Dow Closes Volatile Session With Big Gains

February 06, 2018 / www.schaeffersresearch.com

Stock volatility was the story again today on Wall Street, with the Dow trading in a more than 1,100-point range. The VIX also saw whipsaw action, briefly topping the 50 handle for the first time since August 2015, as leveraged volatility ETNs -- which many believe exacerbated the stock market sell-off -- remained in focus. Buyers returnedin a big way in the final hour of trading, however, helping...Read More

Enforcer Gold Discovers New Mineralized "OR79" Zone at the Montalembert Gold Project

February 06, 2018 / ow.ly

Enforcer Gold Corp. (TSXV:VEIN) is pleased to report on a new zone of mineralization named the OR79 zone located approximately 1.5 km west-southwest of the Galena-No.2 vein area at the Company's Montalembert gold projectRead full newsRead More

Australia shares set to recover; NZ falls

February 06, 2018 / www.kitco.com

Feb 7 (Reuters) - Australian shares are expected to recover on Wednesday after the central bank struck an upbeat tone about the country's economy on Tuesday, outlining a steady path ahead even as global equities plunged.The Reserve Bank of Australia's optimism was underpinned by solid economic data in recent weeks, topped by strong fourth-quarter retail sales figures which implied stronger househo...Read More

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