Recent News

CORRECTED-PRECIOUS-Gold prices flat ahead of U.S. jobs data

February 01, 2018 / www.kitco.com

(Corrects location of EverBank in paragraph 5 to Jacksonville, Florida, not St. Louis)* Palladium edges up after hitting lowest since Dec. 18* GRAPHIC-2018 asset returns: By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON, Feb 1 (Reuters) - Gold prices were nearly unchanged on Thursday as markets anticipated U.S. jobs data due at the end of the week for guidance on monetary policy for the remai...Read More

U.S. fund investors race into stocks despite sell-off -Lipper

February 01, 2018 / www.kitco.com

NEW YORK, Feb 1 (Reuters) - Investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday.Low-risk money-market funds recorded $26 billion in withdrawals during the week ended Jan. 31, while stock funds took in $16 billion in new money, according to Lipper. (Reporting by Trevor Hunnicutt; Editin...Read More

U.S. municipal market supply drops to $19.57 bln in January

February 01, 2018 / www.kitco.com

Feb 1 (Reuters) - U.S. states, cities, schools and other issuers in the municipal market sold only $19.57 billion of debt in January, the lowest supply for that month since 2014, according to Thomson Reuters data on Thursday. Issuance plummeted after nearly $58.2 billion of debt hit the $3.8 trillion market in December. Fears that federal tax legislation would terminate certain types of tax-exempt...Read More

Newrange Gold Starts Trading Under New Symbol on US OTC Market

February 01, 2018 / bit.ly

(TSXV:NRG) (OTC PINK: NRGOF) (FRANKFURT: X6C) - Newrange Gold Corp.('Newrange' or the 'Company') is pleased to announce its trading symbol on the OTC Pink Market has been changed to NRGOF (from CMBPF) effective at the market open today.Read full newsRead More

UPDATE 1-Airbnb says no listing in 2018, CFO to leave, names first COO

February 01, 2018 / www.kitco.com

(Recasts with CFO departure)By Heather SomervilleSAN FRANCISCO, Feb 1 (Reuters) - Short-term home rental service Airbnb Inc will not go public this year, the company said on Thursday, and it also announced a change in executive leadership with the loss of its chief financial officer and appointment of its first chief operating officer.San Francisco-based Airbnb, a service where homeowners and ren...Read More

UPDATE 1-Chile central bank holds benchmark interest rate steady at 2.5 pct

February 01, 2018 / www.kitco.com

(Adds Central Bank comment, details on inflation target)SANTIAGO, Feb 1 (Reuters) - Chile's central bank voted unanimously to keep its benchmark interest rate unchanged at 2.5 percent at its monthly policy meeting on Thursday, in line with market expectations.The bank said it would leave open the possibility for increased stimulus should inflation continue to lag behind its target rate.Chile's in...Read More

Australia shares seen edging down; NZ flat

February 01, 2018 / www.kitco.com

Feb 2 (Reuters) - Australian shares are poised to edge lower at open on Friday, as gains on Wall Street lost steam after bond yields rose.Wall Street gave up earlier gains on Thursday as the U.S. Treasuries market started February on a sour note. The 10-year yield hit a near four-year peak after economic indicators seemed to confirm the Federal Reserve's inflation outlook.The local share price ind...Read More

CANADA STOCKS-TSX closes at 14-week low on hawkish Fed, lower gold prices

February 01, 2018 / www.kitco.com

(Adds details, stocks, updates prices to the close)By Nichola SaminatherTORONTO, Feb 1 (Reuters) - Canada's benchmark stock index ended its fourth day of losses at a 14-week low, as a hawkish Federal Reserve sapped demand for equities, with two cannabis producers posting the biggest declines on Thursday.* The Toronto Stock Exchange's S&P/TSX composite index ended down 90.75 points, or 0.57 per...Read More

CORRECTED-CANADA STOCKS-TSX closes at 14-week low on global jitters over hawkish Fed

February 01, 2018 / www.kitco.com

(Corrects length of time since previous low close throughout.)TORONTO, Feb 1 (Reuters) - Canada's main stock index unofficially closed at a 14-week low on Thursday, as a hawkish Federal Reserve caused investor jitters, with marijuana producers leading the selloff.The Toronto Stock Exchange's S&P/TSX composite index was down 90.75 points, or 0.57 percent, at 15,860.92. (Reporting by Nichola Sa...Read More

Stock Indexes Wobble Before Apple, Amazon Earnings Releases

February 01, 2018 / www.schaeffersresearch.com

The Dow explored both sides of breakeven today, trading in a range of almost 300 points before eventually settling in positive territory. A strong earnings move and all-time high from Facebook (FB) provided a lift for the broader market, but concerns about rising interest rates and a surprisingly weak productivity report contained the momentum in equities. The attention will likely stay on the tec...Read More

US STOCKS-Wall St forfeits early gains as bond yields rise

February 01, 2018 / www.kitco.com

* Bank stocks buoyed by hawkish Fed comments* UPS falls as higher costs hurt profit* Amazon up, Alphabet down in extended trading after results* Dow up 0.14 pct, S&P 500 down 0.06 pct, Nasdaq down 0.35 pct (Updates to market close)By Stephen CulpFeb 1 (Reuters) - Wall Street gave up earlier gains on Thursday as bond yields rose and technology stocks retreated ahead of a host of high-profile ea...Read More

Gold Sees Increased Attention From Sovereign Wealth Funds - PwC

February 01, 2018 / www.kitco.com

(Kitco News)- It’s not just retail investors who are taking a shine togold as an important portfolio diversifier, with a new report from PwC highlightinggrowing demand for the yellow metal from Sovereign Wealth Funds (SWF).According to the report, state-owned investment funds areturning towards alternatives assets like private equities, real estate,infrastructure and commodities like gold. T...Read More

Gold Sees Increased Attention From Sovereign Wealth Funds - PwC

February 01, 2018 / www.kitco.com

(Kitco News) - It’s not just retail investors who are taking a shine to gold as an important portfolio diversifier, with a new report from PwC highlighting growing demand for the yellow metal from Sovereign Wealth Funds (SWF).According to the report, state-owned investment funds are turning towards alternatives assets like private equities, real estate, infrastructure and commodities like go...Read More

Chile central bank holds benchmark interest rate steady at 2.5 pct

February 01, 2018 / www.kitco.com

SANTIAGO, Feb 1 (Reuters) - Chile's central bank voted unanimously to keep its benchmark interest rate unchanged at 2.5 percent at its monthly policy meeting on Thursday, in line with market expectations.The bank said it would leave open the possibility for increased stimulus should inflation lag behind its target rate. (Reporting by Dave Sherwood; Editing by Lisa Shumaker) Disclaimer: The views...Read More

FOREX-Dollar falls again as euro rises on economic optimism

February 01, 2018 / www.kitco.com

* Dollar bounce after Fed meeting short-lived* Greenback pares gains against yen* Euro strengthens (New throughout, updates prices, market activity and comments)By Stephanie KellyNEW YORK, Feb 1 (Reuters) - The dollar fell on Thursday against a basket of currencies, with the euro rising due to growing investor optimism in the economies that use the single currency.In January, the dollar fell 3.25...Read More

NZ consumer confidence breaks losing streak with Jan jump - survey

February 01, 2018 / www.kitco.com

WELLINGTON, Feb 2 (Reuters) - Consumer confidence in New Zealand surged in January, breaking a three-month run of declines, with the mood about current conditions the brightest since 2007, a survey showed on Friday.The ANZ-Roy Morgan consumer confidence index rose to 126.9 in January from 121.8 the month before. A reading above 100 means optimists outnumber pessimists.A measure of how respondents...Read More

US STOCKS SNAPSHOT-Wall St gains fade as bond yields climb

February 01, 2018 / www.kitco.com

NEW YORK, Feb 1 (Reuters) - Gains on Wall Street faded on Thursday, with the S&P closing slightly lower as bond yields rose and technology stocks retreated ahead of a host of high-profile earnings. The Dow Jones Industrial Average rose 37.32 points, or 0.14 percent, to 26,186.71, the S&P 500 lost 1.83 points, or 0.06 percent, to 2,821.98 and the Nasdaq Composite dropped 25.62 points, or 0....Read More

Fed outlines yearly 'stress test' standards for Wall Street

February 01, 2018 / www.kitco.com

WASHINGTON, Feb 1 (Reuters) - The Federal Reserve on Thursday outlined standards for its annual 'stress test' of the largest banks to see how Wall Street would fare in a future financial crisis.Large lenders like JPMorgan Chase & Co and Bank of America Corp will have to report on whether their business could survive for long if the unemployment rate jumped to 10 percent and the economy was oth...Read More

Angkor Gold Update of Activities on Cambodian Projects

February 01, 2018 / bit.ly

Angkor Gold Corp. (TSX-V:ANK) and (OTC:ANKOF) ("Angkor" or "the Company") CEO Mike Weeks is pleased to provide an update of activities on its 100% owned Cambodian gold and copper projects and exploration activities with Japan Oil, Gas and Metals National Corporation (JOGMEC) and Emerald Resources NL.Read full newsRead More

Enforcer Gold Increases Land Position at the Montalembert Gold Project

February 01, 2018 / bit.ly

Enforcer Gold Corp ('Enforcer' or the 'Company') (TSXV:VEIN)is pleased to report it has added 19,352 hectares (47,818 acres) to its land position at the Montalembert gold project for a total land holding of 26,645 hectares (65,839 acres).Read full newsRead More

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