Gold futures settled slightly higher, registering its sharpest weekly gain in more than a year, as the dollar extended a monthslong slump. April goldGCJ8, -0.44% added 90 cents, or less than 0.1%, to $1,356.30 an ounce, marking its highest level in nearly three weeks. Gold booked a gain of 3% for the week, representing its biggest weekly rise since April 29, 2016, according to WSJ Market Group Dat...Read More
Gold futures settled slightly higher, registering its sharpest weekly gain in more than a year, as the dollar extended a monthslong slump. April goldGCJ8, -0.26% added 90 cents, or less than 0.1%, to $1,356.30 an ounce, marking its highest level in nearly three weeks. Gold booked a gain of 3% for the week, representing its biggest weekly rise since April 29, 2016, according to WSJ Market Group Dat...Read More
US Stocks look to wrap up a strong week while VIX has been taken down a peg.A reminder that volatility is symmetrical: big upside moves do not mean that vol is dead from a rote mechanical point of view.The term structure is flat, and various measures of volatility are working their way lower.Market Intro CNBC: 2:45 EST US stocks (SPY, DIA, QQQ, IWM) had a strong morning session, but gave back the...Read More
Dollar continues its losing ways, paving the way for higher gold prices.Yen rally also continues apace, which bodes well for gold's outlook.Gold's relative strength needs improvement, however.The last two weeks were real nail-biters for gold investors as the U.S. dollar threatened to reverse its downward trend while equity markets plunged. In recent days, however, the dollar's relief rally...Read More
(Updates to say Little was not immediately available for comment)WASHINGTON, Feb 16 (Reuters) - The Federal Reserve on Friday said it was seeking to permanently bar a former Barclays Bank employee from the banking business for allegedly manipulating foreign exchange trades.The Fed sought to bar Peter Little from the industry and fine him $487,500 for allegedly using chatrooms to wrongly coordinat...Read More
WASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the department's first step...Read More
WASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the department's first step...Read More
As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions.Read full newsRead More
WASHINGTON, Feb 16 (Reuters) - The Federal Reserve on Friday said it was seeking to permanently bar a former Barclays Bank employee from the banking business for allegedly manipulating foreign exchange trades.The Fed sought to bar Peter Little from the industry and fine him $487,500 for allegedly using chatrooms to wrongly coordinate trades.The action follows a Fed action in May 2015 when official...Read More
Elektron Technology plc (LON:EKT) said it has completed the sale of subsidiary Queensgate Nano to Prior Scientific Instruments Ltd in a deal worth up to ?1.6mln, sending its shares higher.The speciality device maker will receive an initial cash consideration of ?800,000 and will be entitled to 50% of product sales revenue above ?900,000 in the 12 months after completion of the deal. T...Read More
Hated by politicians, speculators and money-launderers, Andy Yan's data on Vancouver housing has earned him the right to say, 'I told you so'Read full newsRead More
PRAGUE, Feb 16 (Reuters) - Betting firm Fortuna Entertainment Group will delist its shares from the Prague and Warsaw stock exchanges, it said on Friday."(An) extraordinary General Meeting of shareholders of Fortuna Entertainment Group held on 15 February 2018 in Amsterdam adopted a proposal to delist the company," Fortuna said in a regulatory filing.In January, Fortuna's majority shareh...Read More
Home Depot Inc (NYSE:HD) is one of the headliners on next week's earnings calendar, with the home improvement retailer set to report alongside fellow blue chip Walmart (WMT) ahead of the open next Tuesday, Feb. 20. With the stock market closed on Monday for Presidents Day, options traders are blasting HD stock today -- and calls continue to be the contracts of choice.At last check, roughly 25,000...Read More
Velocity Minerals Ltd. (TSXV:VLC) reports the results of its annual general meeting of shareholders held on February 15, 2018 in Vancouver, British Columbia.All the motions presented to the shareholders were approved.Read full newsRead More
* Gold heads for 2.4 pct weekly rise* Gains more muted in euro and sterling-priced gold* GRAPHIC-2018 asset returns: (New throughout, updates prices, market activity and comments; adds second byline, NEW YORK dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 16 (Reuters) - Gold prices dipped on Friday, but still hovered near a three-week high, as the U.S. dollar index bounced from a t...Read More
(Corrects first paragraph to "rebound" from "pullback")* Indexes up: Dow 0.31 pct, S&P 0.38 pct, Nasdaq 0.22 pct* Jan homebuilding data jumps to more than 1-year high* S&P, Nasdaq set for best week since December 2011 By Sruthi ShankarFeb 16 (Reuters) - U.S. stocks rose for a sixth straight session on Friday, putting the S&P 500 and the Nasdaq on course for their...Read More
By Valerie VolcoviciWASHINGTON, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on Interior's draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the depar...Read More
Bitcoin prices are the worst nightmare for blockchain critics. After breaking the previously unimaginable $10,000 level, bitcoin plummeted from profit-taking. But soon after, trading normalized, sending bitcoin well above $11,000. However, this robust success represents a quandary: interest for lower-priced “penny cryptocurrencies” has never been higher, yet relatively few know where t...Read More
On the heels of its worst week in years -- and a brutal start for new Fed Chair Jerome Powell -- the U.S. stock market bounced back, and flashed a rare signal not seen since 2001. As of this writing, the Dow was on track for its best week since the "Trump rally" kicked off in November 2016, while the S&P 500 Index (SPX) and Nasdaq are pacing for their strongest weeks since December 2011. The ben...Read More
CARACAS, Feb 16 (Reuters) - Venezuela's new "petro" cryptocurrency will attract investment from Turkey, Qatar, the United States and Europe, the country's cryptocurrency regulator, Carlos Vargas, told reporters on Friday. The first sale of petros is scheduled for Tuesday. (Reporting by Vivian Sequera; writing by Brian Ellsworth; editing by Jonathan Oatis) Disclaimer: The views expressed...Read More