(Adds discussion of inversion risks, quotes)By Jonathan Spicer and Howard SchneiderPHILADELPHIA, Jan 5 (Reuters) - Weak wage growth and possible risks in the bond market mean the Fed should slow its pace of rate hikes for now, Philadelphia Federal Reserve Bank President Patrick Harker said on Friday, adding the central bank should probably move just twice in 2018.Even amid low inflation most cent...Read More
Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News) - After a solid year, gold is looking very positive in 2018 and beyond, according to Tocqueville Asset Management.In a recently published year-end investor letter, Tocqueville’s senior portfolio manager John Hathaway said that a new gold rally could be triggered by several factors, including extreme valuations of financi...Read More
The bulk of new capacity would come online in 2019.Read full newsRead More
The hunt for yield may soon target the safest prey.Read full newsRead More
Base metals charged higher on Thursday after U.S. manufacturing data provided further evidence of a synchronized boom in factory output across the globe.Read full newsRead More
If the comings and goings of oil tankers from the Persian Gulf are any guide, then OPEC's Middle East powerhouses did their bit to curb a global crude glut last month. Saudi Arabia shouldered the burden.Read full newsRead More
"All Mac systems and iOS devices are affected," Apple acknowledged in a statement on Thursday, adding that no cases had yet been reported of customers being affected by the security flaws.Read full newsRead More
Whether it is Coinbase's denial of plans to include Ripple on its network or simply a broader understanding of the asset, 2018's high-flyer is lagging today as investors regain their appetite for Ethereum (record highs over $1000) and Bitcoin (over $16k) overnight.Read full newsRead More
(Kitco News)- While off nearly four-month highs, the gold market isstill ending its first trading week of 2018 on a strong note as prices holdabove key support levels.According to analysts, gold continues to build on itsyear-end momentum, ending its fourth week of consecutive gains - longest weeklywin streak since mid-March. February gold prices last traded at $1,321.80 anounce, up almost 1% since...Read More
LONDON: Investors are gaining confidence: up to a point: that 2018 will be the year of oil stocks.While shares in top energy companies have risen since mid-2017, they have failed to keep step with recovering crude markets, opening up a historically unusual performance gap. Big oil stocks have also underperformed broader equity indexes.Uncertainty over whether the crude rally can stick and fears th...Read More
Pfizer Inc. (NYSE:PFE) stock has been on a hot streak to start the new year, notching a win in six out of the last eight sessions. There could be even more tailwinds in the coming weeks, with the Dow stock sending up a buy signal to short-term options traders right now.At last check, Pfizer stock was down 0.2% at $36.72, but remains a chip-shot from the annual high of $37.35 it touched on Dec. 18....Read More
Iran takes the threat seriously. An advocate for attacks on oil facilities was gunned down in Europe.Read full newsRead More
* U.S. economy adds 148,000 jobs in Dec vs est. 190,000* Average hourly earnings rise 0.3 pct, in line with estimates* Energy stocks fall after oil prices retreat* Indexes up: Dow 0.34 pct, S&P 0.32 pct, Nasdaq 0.59 pct (Updates to early afternoon)By Sruthi ShankarJan 5 (Reuters) - Wall Street's main indexes extended their new year rally on Friday after weak December U.S. jobs data raised expe...Read More
• USD recovers some ground and prompts profit taking. • Further weighed down by risk-on mood/positive US bond yields. • US monthly employment details eyed for fresh impetus. Gold traded with a negative bias through the mid-European session and is currently placed near session lows, around the $1317 region. The US Dollar recovere...Read More
Editor's Note: View Kitco News' full 2018 outlook coverage(Kitco News) - KitcoNews brought back a fan favorite this year in an effort to give YOU, ourdedicated readers, a voice! Aftera few weeks of voting, we have finally tallied up the results to unveil who ourreaders and viewers think merits the title of CEO of 2017. After siftingthrough thousands of responses, and the names of over 100 CEOs you...Read More
Editor's Note: View Kitco News' full 2018 outlook coverage(Kitco News) - Kitco News brought back a fan favorite this year in an effort to give YOU, our dedicated readers, a voice! After a few weeks of voting, we have finally tallied up the results to unveil who our readers and viewers think merits the title of CEO of 2017. After sifting through thousands of responses, and the names of over 100 CEO...Read More
By Marc JonesLONDON, Jan 5 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/ PARTY ON World stocks started the year with their best week in over a year and while it's tempting to say "same old, same old" as markets smash another host of milestones and records, you still have to take...Read More
As the first full trading week of January comes around, the flow of post-Christmas retail trading updates picks up following the mixed news from Next Plc and Debenhams PLC (LON:DEB), with all the UK food retailers set to report, as well as high street stalwart Marks & Spencer Group PLC (LON:MKS).The UK's major supermarket chains have all been grappling tough competition from discounters Aldi a...Read More
Like a number of names in the semiconductor sector, auto stocks are having a monster start to 2018 -- after data on Wednesday showed 2017 sales held near record levels, despite the industry's first annual decline since 2009. Among the names pacing for impressive weekly gains are Fiat Chrysler Automobiles NV (NYSE:FCAU) and Navistar International Corp (NYSE:NAV). And if history is any guide, it cou...Read More
So another year has passed. How quickly it happened! But we hope that you did not get bored, and instead took time to learn more about the fascinating gold market. At first glance, 2017 seems to be a dull period for the yellow metal, as it was traded within a narrow range of $1,200-$1,300 for most of the year.However, all that glitters is not gold, and all that does not fluctuate like Bitcoin is n...Read More