(Kitco News) - Commodity exchange-traded funds (ETFs) inflows point to anexcitement in the gold market, according to Bloomberg Intelligence commoditystrategist Mike McGlone.“Dominated by precious metals, inflows indicate a gold marketthat continues to gain favor despite rapidly increasing financial assets,”McGlone said in a note published on Thursday. Growing demand for diversific...Read More

(Kitco News) - Commodity exchange-traded funds (ETFs) inflows point to an excitement in the gold market, according to Bloomberg Intelligence commodity strategist Mike McGlone.“Dominated by precious metals, inflows indicate a gold market that continues to gain favor despite rapidly increasing financial assets,” McGlone said in a note published on Thursday. Growing demand for divers...Read More

(Adds quotes and prices)* U.S. 10-year yields hit highest since March* 10-year inflation breakeven rate highest since February* U.S. 10-year TIPS supply fetches strongest bid since 2014* Two-year yields highest since September 2008 By Kate DuguidNEW YORK, Jan 18 - Yields on U.S. 10-year notes reached a 10-month high on Thursday after China reported fourth-quarter growth that accelerated for the f...Read More

Westhaven Ventures Inc. (TSXV:WHN) is pleased to announce that ground geophysics has commenced at its 18,768 hectare Shovelnose gold property, located within the prospective Spences Bridge Gold Belt (SBGB), approximately 35 kilometres south of Merritt, British Columbia.Read full newsRead More

Jan 18 (Reuters) - TMX Group's head of equity capital markets, Nicholas Thadaney, is leaving Canada's biggest stock exchange operator after a reorganization of the company, Chief Executive Officer Lou Eccleston said.Thadaney's role as president and CEO of capital equity markets is being eliminated, Eccleston said in a statement. Luc Fortin, who heads TMX's derivatives-focused Montreal Exchange, wi...Read More

XAU/USD drops to 6-day low at $1324 on Thursday. Greenback weakness allows the pair to recover. Weak market sentiment provides a boost to Gold. The XAU/USD pair is trading in a relatively tight range on Thursday. After dropping to its lowest level since January at $1324 in the early Asian session on rising risk appetite amid upbeat data from China, the pair retraced its daily losses to turn posi...Read More

(Adds details of deal, background and links)By Heather SomervilleSAN FRANCISCO, Jan 18 (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.The deal includes a large purchase of shares from existing Uber investo...Read More

Threats of a government shutdown have the Dow retreating from the record high set earlier -- and testing its newfound footing atop 26,000. This negative price action is not confined to blue chips, either, with network infrastructure specialist ADTRAN, Inc. (NASDAQ:ADTN), and pharma stocks Lannett Company, Inc. (NYSE:LCI) and Endo International plc (NASDAQ:ENDP) also in the red. Here's a quick look...Read More

The main U.S. stock market indexes gained between 0.9% and 1.3% on Wednesday, retracing their Tuesday's move down, as investors' sentiment improved following better-than-expected Industrial Production data release, among others. The S&P 500 index trades just 0.2% below its Tuesday's record high of 2,807.54. The Dow Jones Industrial Average reached new record high of 26,130.45 yesterday, and th...Read More

BRASILIA, Jan 18 (Reuters) - Brazil has issued $1.5 billion worth of a 2047 dollar bond at a spread of 271 bps over U.S. Treasuries, in a reopening that is its first sovereign debt transaction of the year, the National Treasury said on Thursday.The Treasury hired Citigroup Inc , HSBC Holdings Plc and Morgan Stanley to underwrite the reopening of its Global 2047 bond. (Reporting by Anthony Boadle;...Read More

For the first time since October 2006, Morgan Stanley is 'bigger' than Goldman Sachs...Read full newsRead More

BRASILIA, Jan 18 (Reuters) - Brazil's top economic policymaking body on Thursday made adjustments to the methodology for calculating rates on savings accounts, without altering their returns.Interest earned on savings accounts will now be based on yields on government debt, instead of bank deposit certificates, which have fallen out of favor in financial markets. The new calculation will effective...Read More

* Listing planned for H1, possible as early as Q1 -sources* Valuation would represent 30 percent discount* CIBC has said final decision not yet made* CIBC working with Barclays/UBS on listing -sources (New throughout, adds background on U.S. bank valuations)By Matt Scuffham and John TilakTORONTO, Jan 18 (Reuters) - Canadian Imperial Bank of Commerce is targeting a valuation of 10 times earnings fo...Read More

* Turmoil to keep US govt open stokes anti-dollar mood* Euro holds below 3-year peak versus greenback* Evidence of reserve diversification drags on dollar* Bitcoin stabilizes after brutal two-day selloff (Updates market action, adds quotes)By Richard LeongNEW YORK, Jan 18 (Reuters) - The U.S. dollar fell on Thursday as traders piled into the euro, yen, sterling and other major currencies, prompted...Read More

Cameron Parry, chief executive of Lionsgold Limited (LON:LION), speaks to Proactive's Andrew Scott about their binding heads of agreement with global banking platform provider Railsbank for Goldbloc.As part of the deal Lionsgold will invest ?1.25mln in Railsbank from existing cash for a 12.5% stake.Parry says the move secures Goldbloc's future as a digital gold currency.  Meet Netscientific...Read More

(Adds Lagarde comments on German TV)FRANKFURT, Jan 18 (Reuters) - The build-up of large current account surpluses in countries such as Germany is partly responsible for the rise of protectionism elsewhere, the head of the International Monetary Fund said on Thursday.Germany has come in for criticism from U.S. President Donald Trump's administration for its large trade surplus with the United Stat...Read More

Railroad stock Kansas City Southern (NYSE:KSU) has been a steady climber over the past two years, with the shares recently enjoying support from their 20-week moving average. KSU was last seen trading at $111.57, not far from its nearly three-year high of $114.85 from early December. Options activity has picked up in recent weeks, too, ahead of the company's early morning earnings tomorrow, as to...Read More

By Heather SomervilleSAN FRANCISCO, Jan 18 (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.The SoftBank-led deal includes a large purchase of shares from existing Uber investors and employees at a discounted...Read More

* Spot gold could fall to $1,250 by mid year -Julius Baer* Falling digital currencies could support gold -analysts* Spot gold vs bitcoin: * 10-year U.S. Treasury yields at highest since March (New throughout, updates prices, market activity and comments, adds second byline and NEW YORK dateline)By Renita D. YoungNEW YORK/LONDON, Jan 18 (Reuters) - Gold was flat in a narrow range on Thursday, first...Read More

Gold prices finished lower on Thursday, suffering from their largest one-day decline in more than a month. Traders grew wary after the precious metal's rise to multi-month highs despite an overall rise in Treasury yields and a climb in key U.S. benchmark stock indexes to record levels. "Rising bond yields and record-high equities don't usually go with surging gold prices," said Adrian Ash, directo...Read More