(Kitco News) - Selling pressure in gold picked up late in Wednesday’s trading session as the U.S. dollar found some new momentum and equities see its best day in more than a month.Within a 30-minute period, more than 2 million ounces were sold, pushing Comex gold futures prices to session lows. However, the market continues to hold critical support levels, according to some analysts.Februar...Read More

Jan 18 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,015.8-32.8 NZX 50**8,297.67 47.13DJIA**26,115.65322.79NIKKEI**23,868.34-83.47Nasdaq**7,298.27974.594FTSE**7,725.43 -30.50S&P 500** 2,802.56 26.14 Hang Seng** 31,983.4178.66SPI 200 Fut 5,972.012.0STI** 3,541.91 -8.30SSEC**3,445.3578 8.76KOSPI** 2,515.43 -6.31---------------------------------------------------------...Read More

TORONTO, Jan 17 (Reuters) - Canada's main stock index ended higher on Wednesday, with banks among the most influential gainers as the Bank of Canada hiked interest rates while gold miners weighed as prices for the precious metal fell.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 27.82 points, or 0.17 percent, at 16,326.70. Eight of its 10 main sectors gained. (Rep...Read More

Clinigen Group PLC (LON:CLIN) chief executive Shaun Chilton discusses the group's half year trading update with Proactive's Andrew Scott.Chilton says they're well positioned for another year of growth with trading at the halfway stage in line with expectations.Revenues were up 28% year-on-year, although the figure was distorted by what are called 'pass through costs' associated with the unlicensed...Read More

Earnings season kicks into high gear next week, with several high-profile names set to release fourth-quarter results. While Netflix, Inc. (NASDAQ:NFLX) will represent its fellow FAANG stocks, several blue-chip companies will take turns in the limelight -- including embattled General Electric Company (NYSE:GE). Meanwhile, the economic calendar starts heating up mid-week, with all eyes on Friday's...Read More

NEW YORK, Jan 17 (Reuters) - Foreigners bought long-term U.S. securities for a fifth consecutive month in November, data from the U.S. Treasury Department showed on Wednesday.Offshore investors purchased $57.5 billion in long-term U.S assets after buying $26.2 billion in October. Including shorter-dated securities, overseas investors amassed $33.8 billion in November after buying $152.9 billion th...Read More

NEW YORK, Jan 17 (Reuters) - U.S. stocks jumped on Wednesday and the Dow closed above 26,000 for the first time as investors' expectations for higher earnings lifted stocks across sectors.The Dow Jones Industrial Average rose 322.79 points, or 1.25 percent, to 26,115.65, the S&P 500 gained 26.14 points, or 0.94 percent, to 2,802.56 and the Nasdaq Composite added 74.59 points, or 1.03 percent,...Read More

ALL TIMES IN EST/GMT -------------------------------------------------------0830/1330: The Labor Department issues weekly Jobless Claims.0830/1330: The Commerce Department issues Housing Starts for December.1000/1500: Freddie Mac issues weekly U.S. mortgage rates.1030/1530: The EIA issues weekly U.S. underground natural gas stocks.1100/1600: The Energy Information Administration issues weekly petr...Read More

MILAN, Jan 17 (Reuters) - The European Central Bank's Chief Supervisor Daniele Nouy was "inflexible" at a meeting with Italian lenders on Wednesday where topics such as bad loans were discussed, two sources with knowledge of the matter said.Italian banks piled up soured loans in a deep recession and are struggling to get rid of them as a clogged judicial system hampers recoveries and sal...Read More

* ECB officials raise concerns about surging common currency* Dollar finds respite but outlook remains grim* Cryptocurrency rout accelerates on clampdown worries* Canadian dollar weakens briefly as BOC rings cautious tone (Updates to late U.S. market action)By Richard LeongNEW YORK, Jan 17 (Reuters) - The euro fell on Wednesday, pulling back from a three-year high above $1.23 as some European Cent...Read More

Jan 17 (Reuters) - Major Canadian banks on Wednesday raised their prime lending rates, a benchmark for a wide range of consumer and commercial loans, after the country's central bank raised interest rates for the third time in seven months.Bank of Canada increased interest rates to 1.25 percent as job growth and firmer inflation outweighed the cloud of NAFTA uncertainty. Banks including Toronto-Do...Read More

(Refiles to add Moonves first name, title in 3rd paragraph)By Jessica ToonkelJan 17 (Reuters) - Shari Redstone has discussed adding new directors to the board of CBS Corp as she renews her push to merge the company with Viacom Inc , The Wall Street Journal reported Wednesday.CBS and Viacom are both controlled by ailing Sumner Redstone, 94, and his daughter Shari, through their privately owned mov...Read More

Getty ImagesSeveral districts noted in the Beige Book there was an elevated demand for construction labor. The Fed's verdict: The Federal Reserve said the pace of growth continues to be "modest to moderate" in its latest snapshot of the economy known as the Beige Book. The report covers late November to Jan. 8. Most districts reported "on-going labor market tightness and challenges finding qualif...Read More

It's another breakout session for stocks today, with the Dow up around 290 points at last check, and fresh of a new record high. Among individual equities moving higher with the broad market are electric car concern Tesla Inc (NASDAQ:TSLA) and data storage platform Pure Storage Inc (NYSE:PSTG), though pay-TV operator DISH Network Corp (NASDAQ:DISH) is sitting out the day's rally. Here's a closer l...Read More

By Trevor HunnicuttNEW YORK, Jan 17 (Reuters) - U.S. fund investors stampeded into bonds and world stocks during the latest week, ignoring warning signs about stretched prices, according to the Investment Company Institute (ICI).During the week, nearly $17 billion poured into equities, the most in any week since June. Bonds took in even more cash, $19 billion, the most on records that date to 2013...Read More

Gold price is feeding off a growing number of investor worries.Bitcoin's latest setback is also increasing gold demand.Gold has plenty of safety concerns to continue fueling rally.Gold is slowly working its way back into the spotlight as more and more investors become nervous over the possibility that the coming weeks could witness a long-anticipated stock market correction. There is also a be...Read More

BUENOS AIRES, Jan 17 (Reuters) - Argentine thermal and renewable energy producer Genneia SA will consider an initial public offering on the local or international stock market, the company said in a letter to the Buenos Aires stock exchange on Wednesday. The proposal will be discussed at a shareholders meeting on Feb. 7, said the letter from the company, which currently is privately owned.Genneia...Read More

WELLINGTON, Jan 18 (Reuters) - New Zealand house prices posted solid growth in December though the number of sales remained muted, the Real Estate Institute of New Zealand (REINZ) said on Thursday.Nationwide, median house house values rose 1.7 percent compared to the previous month on a seasonally adjusted basis, according to REINZ. Prices were up 5.9 percent anually.The market had made a steady r...Read More

3:00pm: Interserve shares fall on govt scrutiny, but broker says it is not the next CarillionInterserve Plc (LON:IRV) shares are under pressure in the wake of Carillion's collapse, on Wednesday the share was down 1.65% at 119p.It comes amid reports of government scrutiny over the financial health of contractors.The UK Cabinet Office has set up a team of officials to keep an eye on the outsourcer,...Read More

* Boeing shares jump after announcing JV to make aircraft seats* Goldman Sachs slips on trading revenue weakness* Indexes up: Dow 1 pct, S&P 0.9 pct, Nasdaq 1 pct (Updates to late afternoon, changes byline, adds dateline NEW YORK)By April JoynerNEW YORK, Jan 17 (Reuters) - Wall Street's main indexes rose on Wednesday as investors' expectations for higher earnings lifted stocks across sectors.T...Read More