(Kitco News) - The list of potential bidders for ScotiaMocatta, the world’s oldest gold trader owned by Canadian Bank of Nova Scotia (TSX: BNS.TO), has dwindled down to just two candidates, according to reports.Goldman Sachs and Citi are the two final players left in the game, Financial Post cited three banking and industry sources as saying this week.Both are currently in the middle of thei...Read More
Jan 25 (Reuters) - Gold prices edged up on Friday, recovering from a fall of as much as over 1 percent from 1-1/2-year highs in the previous session after U.S. President Donald Trump backed a strong dollar.FUNDAMENTALS* Spot gold rose 0.3 percent to $1,350.86 per ounce at 0126 GMT. The precious metal has gained 1.5 percent so far this week.* Spot gold rose to 1,366.07 on Thursday, the highest sinc...Read More
By Amrith Ramkumar Mining giant Freeport-McMoRan Inc. said negotiations with the Indonesian government over control of the giant Grasberg copper and gold mine are progressing, but the parties have pushed their target date for a deal to midyear. Freeport said in August that it would give up its majority stake in one of the world's largest copper mines, dropping to 49% from roughly 90%, as Indones...Read More
CloseGain/LossGold $1348.00-$9.70Silver$17.30-$0.26XAU89.91-2.36%HUI202.24-2.38%GDM678.63-1.46%JSE Gold1327.01+13.06USD89.28+0.03Euro124.17+0.15Yen91.65-0.11Oil$65.51-$0.1010-Year2.618%-0.034T-Bond149.40625+0.9375Dow26392.79+0.54%Nasdaq7411.16-0.05%S&P2839.25+0.06% The Metals: Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back toward...Read More
In our second GoldNomics podcast, we take a look at one of the important financial questions of our day - is this the greatest stock market bubble in history?Listen on iTunes, SoundCloud and BlubrryWatch on YouTube belowGoldCore CEO Stephen Flood and GoldCore's Research Director and world renowned precious metals commentator Mark O'Byrne in conversation with Dave Russell discuss why...Read More
Deliberate weakness of the US dollar by the Americans resulted in all metals and energies zooming. The Trump administration wants a weaker US dollar. As a gold bull, I hope that other central banks also jump into the bandwagon of weakening their currencies and we start a central bank currency war. If this happens gold will easily rise to $1961.80 before the end of the year. Manipulating currency...Read More
CloseGain/LossGold $1348.00-$9.70Silver$17.30-$0.26XAU89.91-2.36%HUI202.24-2.38%GDM678.63-1.46%JSE Gold1327.01+13.06USD89.28+0.03Euro124.17+0.15Yen91.65-0.11Oil$65.51-$0.1010-Year2.618%-0.034T-Bond149.40625+0.9375Dow26392.79+0.54%Nasdaq7411.16-0.05%S&P2839.25+0.06% The Metals: Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back toward...Read More
In our second GoldNomics podcast, we take a look at one of the important financial questions of our day - is this the greatest stock market bubble in history?Listen on iTunes, SoundCloud and BlubrryWatch on YouTube belowGoldCore CEO Stephen Flood and GoldCore's Research Director and world renowned precious metals commentator Mark O'Byrne in conversation with Dave Russell discuss why...Read More
Deliberate weakness of the US dollar by the Americans resulted in all metals and energies zooming. The Trump administration wants a weaker US dollar. As a gold bull, I hope that other central banks also jump into the bandwagon of weakening their currencies and we start a central bank currency war. If this happens gold will easily rise to $1961.80 before the end of the year. Manipulating currency...Read More
ML Gold Corp. (TSXV:MLG)('ML Gold' or the 'Company') is pleased to report it has mobilized a geophysics crew to the Stars Project.Read full newsRead More
Elon Musk's week just got worse as Tesla's share tumble after CNBC reports the problems with battery production at the company's Gigafactory in Sparks, Nevada, are worse than the company has acknowledged and could cause further delays and quality issues for the new Model 3, according to a number of current and former Tesla employees.Read full newsRead More
* Dollar trades above recent lows vs major peers* Euro retreats from 3-year high* Sterling backs off its post-Brexit vote peak By Masayuki KitanoSINGAPORE, Jan 26 (Reuters) - The dollar traded above its recent lows against major rivals on Friday, having bounced after U.S. President Donald Trump said he wanted a "strong dollar", contradicting earlier comments made by Treasury Secretary S...Read More
(The opinions expressed here are those of the author, a columnist for Reuters. Repeats Thursday's column with no changes to text)By Andy HomeLONDON, Jan 25 (Reuters) - China is awash with aluminium. "Illegal" capacity has been closed and smelters in the region around Beijing are, to varying extents, curtailing output to comply with the winter environmental restrictions. But stocks regis...Read More
Guy Faulconbridge, Jonathan Saul, Polina NikolskayaPARIS/LONDON/MOSCOW (Reuters) - North Korea shipped coal to Russia last year which was then delivered to South Korea and Japan in a likely violation of U.N. sanctions, three Western European intelligence sources said.The U.N. Security Council banned North Korean exports of coal last Aug. 5 under sanctions intended to cut off an important source of...Read More
SINGAPORE, Jan 26 (Reuters) - Singapore's Urban Redevelopment Authority released detailed estimates for the change in private home prices in the fourth quarter of 2017:Quarter-on-quarter, percentage price change:QuarterQ4/2017 Q3/2017Singapore+0.8 +0.7private home prices *Rentals of private residential properties were down 0.9 percent in the fourth quarter from the previous quarter.*The latest fig...Read More
Jan 26 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesDraghi takes swipe at U.S. for talking down dollar South Korea hits back at U.S. with WTO tariffs challenge FCA fines UK arm of Interactive Brokers for poor controls Overview- European Central Bank chief Mario Draghi took a swipe atU.S....Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -0.3 pct, CSI300 -0.6 pct, HSI -0.9 pct* HK->Shanghai Connect daily quota used 11.5 pct, Shanghai->HK daily quota used 22.5 pct* HK->Shenzhen Connect daily quota used 7.6 pct, Shenzhen->HK daily quota used 4.3 pct* CNY official close 6.3315 per dollar* FTSE China A50 -0.9 pct, BNY Mellon ADR China Select Index +0.7 pct SHANGHAI, Jan 26 (Reuters)...Read More
(Adds details on funds, analyst quote, table, byline)By Trevor HunnicuttNEW YORK, Jan 25 (Reuters) - U.S. technology stock funds took in more cash in the week ended Jan. 24 than in any week since the turn-of-the-century bubble, Lipper said on Thursday, offering further evidence that investors' wariness about markets has given way to exuberance.Tech mutual funds and exchange-traded funds (ETFs) bas...Read More
SEOUL, Jan 26 (Reuters) - South Korean department store operator Shinsegae and its supermarket affiliate said they have signed a preliminary deal for more than 1 trillion won ($940 million) in investment from private equity firms for a planned online business company.Affinity Equity Partners and BRV Capital Management will make the investment, Shinsegae said. Shinsegae and its supermarket affiliat...Read More
Jan 26 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 26-JanItaly Zero-coupon/BTPi auction29-JanItaly Bills auction30-JanJapan Auction of 2-year government bonds30-JanItaly Medium- to Long-Term auction30-JanBelgium Auction of Treasury bills31-JanSwedenAuction of Treasury bills31-JanGermany...Read More