Feb 14 (Reuters) - Barrick Gold Corp reported adjusted fourth-quarter earnings on Wednesday in line with market expectations and forecast gold production dropping over the next four years with mining costs seen flat to higher.Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year at a cost of between $765 and $815 an ounce...Read More
Feb 14 (Reuters) - Barrick Gold Corp reported adjusted fourth-quarter earnings on Wednesday in line with market expectations and forecast gold production dropping over the next four years with mining costs seen flat to higher.Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year at a cost of between $765 and $815 an ounce...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
Feedback plc (LON:FDBK) was on the front foot after the medical imaging software company announced the appointment of David Crabb as chief executive with immediate effect.Shares rose 10.7% to 1.7p in morning trading.Crabb previously served as chief executive of software firm Cambridge Online Systems, helping to turn the company from a loss-making business to one with top-quartile financial results...Read More
• Firming Fed rate hike prospects prompt some aggressive selling. • USD fails to build on post-data up-move and helps recover lost ground. • Reviving safe-haven demand provides an additional boost. Gold quickly reversed the US CPI-led knee-jerk fall and is now headed towards the top end of its daily trading range. To...Read More
Canuc Resources Corporation (TSXV:CDA) ('Canuc' or the 'Company') is pleased to announce plans for drilling another gas well on the Thompson lease in Stevens County, West Texas.Read full newsRead More
Marcus Engelbrecht, managing director of Crusader Resources Ltd (ASX:CAS), tells Proactive's Andrew Scott they're looking to raise between US$10-15mln through a listing next month on London's AIM market.Engelbrecht says the cash will be used primarily to progress their Borborema project in Brazil. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd. and Harvest Minerals Ltd. at our eve...Read More
(Adds HSBC in para 2 and underwriting details in para 5)By Claire Ruckin and AndrewBerlinLONDON, Feb 14 (Reuters) - More banks are poised to join a US$14bn financing backing US private equity firm Blackstone Group's acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp , banking sources said on Wednesday. Bank of America Merrill Lynch, Citigroup and JP Morgan...Read More
(Adds background, quote, graphic)By Richard LeongNEW YORK, Feb 14 (Reuters) - U.S. interest rates futures fell on Wednesday as stronger-than-forecast increases in domestic consumer prices in January bolstered bets the Federal Reserve may raise short-term interest rates four times in 2018. Some Fed officials have insisted that stubbornly low inflation warrants a gradual pace of rate increases, eve...Read More
TUNIS, Feb 14 (Reuters) - Tunisia's central bank governor, Chedli Ayari, said on state television on Wednesday that he has officially resigned.Prime Minister Youssef Chahed had earlier asked him to step down. (Reporting by Tarek Amara; Editing by Hugh Lawson) 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 e...Read More
(Adds quote, growth, deficit, debt load figures)ABIDJAN, Feb 14 (Reuters) - Ivory Coast has chosen the banks that will manage the issue of a new Eurobond - the West African nation's fourth in five years - and will announce details in the coming days, Prime Minister Amadou Gon Coulibaly said on Wednesday.Ivory Coast is one of a number of African nations - including Kenya, Nigeria and Ghana - which...Read More
Ann SaphirSAN FRANCISCO (Reuters) - Faster-than-expected inflation may complicate the task ahead for new Federal Reserve chief Jerome Powell, who chairs his first monetary policy-setting meeting next month.It’s not that the January increase in consumer prices reported on Wednesday is necessarily unwelcome news; the fact that underlying consumer prices posted their biggest gain in more than a...Read More
As we approach a long holiday weekend on Wall Street, Schaeffer's Senior Quantitative Analyst Rocky White ran the numbers to find out which S&P 500 Index (SPX) components tend to fare the best -- and worst -- during the post-Presidents Day trading week. Among the names with notable mid-February returns are travel sector cohorts Priceline Group Inc (NASDAQ:PCLN) and United Continental Holdings Inc...Read More
via GoldinAmerica.com Chart: SPX red line:: gold is candle. You call that a dip?UPDATE: What happened today? Weren't we supposed to selloff on a strong CPI number? Dips may be harder to come by in this new regimeof fed indecisiveness.Up $5 may soon become the dip to buy..For now, look for $1350 to be an option related magnet. If it breaks free from that, $1400 shouldn't be a problem....Read More
Getty ImagesRising prices, or inflation, is giving Wall Street the jitters. And if that keeps up, Main Street is going to feet it, too. The numbers: The consumer-price index leaped 0.5% in January to mark the biggest increase in five months, adding to recent worries about rising inflation. The cost of rent, clothes, gasoline, health care and auto insurance all rose. Economists surveyed by Market...Read More
Gold has exploded on higher inflation data. Is thiscounter-intuitive? Higher inflation means a more aggressive Fed = higher rates= stronger dollar = lower gold prices, right? I think traders are perceivingthat Fed is in a box. President Trump, after lambasting the Dems, for theirbudget deficits has already in his first year put plans in place and on thetable that will increase the Federal deficit...Read More
Gold futures finished at the highest level in nearly three weeks after a hotter-than-expected headline inflation reading prompted investors to turn to the precious metal as a hedge against rising prices. April goldGCJ8, -0.29% surged, gaining $27.60, or 2.1%, to settle at $1,358 an ounce. The gold-backed exchange-traded fund SPDR Gold SharesGLD, +1.71% added 1.7%, while the VanEck Vectors Gold Min...Read More
* Strong U.S. inflation report followed by weak retail sales* Dollar surrenders gains, Wall Street swings higher* Other precious metals hit one-week highs* 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 14 (Reuters) - Gold prices climbed nearly 2 percent on Wednes...Read More