Citigroup Inc (NYSE:C) is up 1.3% to trade at $75.59 today, after receiving a price-target hike to $86 from $83 at Credit Suisse. Despite touching a nine year high of $77.92 on Dec. 4, the banking concern has stumbled into 2018, finishing lower in six out of the last ten sessions. The next few weeks will be critical for Citigroup stock, with a slew of big bank earnings set to start rolling in. Th...Read More

Paul Welch CEO of SDX (LON:SDX, CVE:SDX) brings Proactive up to date with flow testing on their three wells drilled in Morocco...all contributing significantly now to SDX's infrastructure and supply ambitions for 2018. Additionally, the company has now secured a four-month extension to the current phase of the Lalla Mimouna permit, also onshore Morocco, through to July 22 so that it will have suff...Read More

Investors jumped back into copper on Thursday after reports that top consumer China is slashing import quotas of scrap metal, a bullish development first rumoured last year.After pulling back over the first three trading days of the year, Comex copper bounced back to just below $3.30 a pound ($7,270 per tonne) in New York, up over 1% from Wednesday's settlement. While gains were pared by early af...Read More

NEW YORK (Reuters) - Strong data from the world’s largest economies helped global shares climb to new heights on Thursday, while the euro hovered near a three-year high and the U.S. dollar fell against major currencies.MSCI’s gauge of stocks across the globe broke a new record, .MIWD00000PUS with an advance of 0.79 percent.On Thursday, the ADP National Employment Report showed that U.S...Read More

(Bloomberg) -The year's barely started and palladium markets are set to break another record.The spot price for the precious metal only needs to climb by another 1.6 percent in London trading to push past an all-time high that's stood for 17 years. At the current pace of gains, that could happen within days.New York futures for the metal, used to cut car exhaust fumes, already touched the highest...Read More

Stocks continue to knock out fresh record highs, with the Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) all reaching all-time bests today. The robust ADP jobs report got the ball rolling this morning, helping push the Dow above 25,000 for the first time ever. Financial stocks are seeing some of the strongest gains -- with American Express (AXP) the best Dow...Read More

(Reuters) - The Dow Jones Industrial Average sailed past the 25,000-mark for the first time on Thursday, while other major indexes rose to new highs after a strong private jobs report added to a bullish sentiment from indications of robust growth in major economies.The ADP National Employment Report showed that U.S. private employers added 250,000 jobs in December, marking the biggest monthly incr...Read More

   •  Renewed USD selling pressure helps regain traction.   •  Surging US bond yields now seemed to cap gains.   •  ADP report might now provide a fresh trading impetus.  Gold recovered early lost ground $1306 area and refreshed session tops in the past hour, albeit lacked any strong follow-through momentum. The precious metal stalle...Read More

WASHINGTON (Reuters) - President Donald Trump has threatened his former chief strategist Steve Bannon with legal action over “defamatory” statements in a new book about a meeting Trump’s son and son-in-law held with Russians during the 2016 U.S. presidential campaign.Charles Harder, Trump’s personal lawyer, said on Thursday he also will seek to block Tuesday’s schedul...Read More

NEW YORK (Reuters) - President Donald Trump is ramping up calls on the U.S. Congress to stop legal immigrants from sponsoring extended family members who want to move to the United States, saying so-called “chain migration” poses a threat to national security.Even without legislative action, however, the number of immigrants approved for family-based visas has dropped this year to the...Read More

SANTIAGO, Jan 4 (Reuters) - Unionized workers at Glencore Plc's Lomas Bayas copper mine in Chile rejected a final contract offer and began government-facilitated mediation on Thursday to avoid a strike, the union said, adding that they were still far from agreement.Union president Pedro Valdivia said workers agreed to lay down tools on Jan. 10 if no agreement was reached during the mediation.New l...Read More

MOSCOW (Reuters) - Russia considers a U.S. proposal for an extraordinary meeting of the U.N. Security Council on the turmoil in Iran “harmful and destructive”, RIA news agency cited Russian Deputy Foreign Minister Sergei Ryabkov as saying on Thursday.“We see no role for the United Nations Security Council in this issue,” he said, according to the agency. “Iran’s...Read More

Yesterday, the minutes of the FOMC December meeting were released. What do they say about the Fed's stance and what do they mean for the gold market?The Fed is divided over number of hikes in 2018At the December meeting, the U.S. central bank increased the federal funds rate by a quarter percentage point to a range 1.25-1.50 percent. The move was widely expected by investors, but there was no unan...Read More

(Kitco News)- Mining companies need to embrace “disruptive” technologyto make the sector more compelling to younger investors and attract newcapital, according to one mining executive.LuisCanepari, vice-president of technology at Goldcorp (NYSE:GG, TSX:G, saidin a recent interview with Kitco News, that there are a lot of companies doingamazing things with technology that can be ad...Read More

(Kitco News) - Mining companies need to embrace “disruptive” technology to make the sector more compelling to younger investors and attract new capital, according to one mining executive.Luis Canepari, vice-president of technology at Goldcorp (NYSE: GG, TSX: G, said in a recent interview with Kitco News, that there are a lot of companies doing amazing things with technology that c...Read More

WASHINGTON/SEOUL (Reuters) - U.S. President Donald Trump on Thursday called potential talks between North and South Korea “a good thing” and the South Korean presidency said he had agreed there would be no military drills with South Korea during next month’s Winter Olympics.South Korea’s Presidential Blue House said Trump told South Korea’s President Moon Jae-in in a...Read More

(Kitco News) - Gold prices have erased early losses to trade modestly upon the day, in late-morning action Thursday. Given the bullish technicalposture of the gold market, at present, traders stepped in to buy the dip inprices, while reckoning there is more on the upside for the yellow metal in thenear term. The outside markets are also in a bullish daily posturefor the precious metals today, as t...Read More

JEFF DESJARDINS on January 4, 2018Courtesy of: Visual CapitalistIn 1989, the idea for the exchange-traded fund (ETF) was born.Initially marketed to investors as Index Participation Shares, this innovative new product was meant to be a proxy for the S&P 500 that also traded on an exchange like a stock. After being launched, this early ETF prototype was immediately targeted by lawyers of the Chicag...Read More

(Kitco News) - Gold prices have erased early losses to trade modestly up on the day, in late-morning action Thursday. Given the bullish technical posture of the gold market, at present, traders stepped in to buy the dip in prices, while reckoning there is more on the upside for the yellow metal in the near term. The outside markets are also in a bullish daily posture for the precious metals today,...Read More

JEFF DESJARDINS on January 4, 2018Courtesy of: Visual CapitalistIn 1989, the idea for the exchange-traded fund (ETF) was born.Initially marketed to investors as Index Participation Shares, this innovative new product was meant to be a proxy for the S&P 500 that also traded on an exchange like a stock. After being launched, this early ETF prototype was immediately targeted by lawyers of the Chicag...Read More