(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More

(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More

LONDON (Reuters) - The dollar dipped on Thursday, unable to hold onto gains made the previous day on the back of upbeat U.S. data and minutes from the Federal Reserve, as the euro resumed a rally that has taken it close to its highest levels in three years.The dollar index, which measures the currency against a basket of six major rivals .DXY, had slipped to its lowest since Sept. 20 on Tuesday, a...Read More

Source: BullionStarThroughout gold rush and gold mining history, the discovery of a large gold nugget is a phenomenon which always causes excitement throughout a mining community as well as capturing the wider public's imagination. It has probably something to do with so much gold being found at the same time, often with relative ease.Gold nuggets can be found in alluvial deposits (sediments for...Read More

Drug concern Teva Pharmaceutical Industries Ltd (NYSE:TEVA) stock is on the rise, after receiving an upgrade to "buy" from "neutral"from brokerage firm Citigroup. TEVA stock also scored a price-target hike to $24 from $16 -- a 50% increase -- as analysts continue to wax optimistic on Teva's job cuts and and dividend suspension plans. In notes to clients, Citigroup said it prefers "to move off the...Read More

Cowen and Company this morning weighed in on social media stocks Snap Inc (NYSE:SNAP), Facebook Inc (NASDAQ:FB), and Twitter Inc (NYSE:TWTR). While the update for SNAP shares was a bearish one, FB and TWTR both saw their price targets hiked. We'll take a closer look at the analyst attention and how the stocks are reacting below. Cowen Downgrades SNAP StockSnap is trading 4.4% lower out of the gate...Read More

Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the new year as crude oil notches multiyear highs and investors bet that booming global manufacturing output will help to sustain rising demand for raw materials.Read full newsRead More

* Private employers add 250,000 jobs in Dec vs est. 190,000* Tesla down after announcing Model 3 production delay* Indexes up: Dow 0.37 pct, S&P 0.35 pct, Nasdaq 0.45 pct (Updates to open)By Sruthi ShankarJan 4 (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 a...Read More

Tesla Inc (NASDAQ:TSLA) stock is down 2.9% to trade at $308.02 this morning, after the electric car company once again pushed back its production goal for its new Model 3. Tesla now expects to produce 2,500 Model 3s per week by the end of this quarter -- half of what it earlier forecast -- and won't hit itstarget of 5,000 Model 3s until the second quarter. In addition, the car concern's fourth-qu...Read More

Futures on the Dow Jones Industrial Average (DJIA) are trading well above fair value before of a busy economic day on Wall Street. Already, traders were hit with better-than-expected ADP jobs data -- which showed private payrolls jumped by 250,000 in December, compared to a consensus estimate of 188,000. After notching a new record high yesterday alongside the S&P 500 Index (SPX) and Nasdaq Compos...Read More

LONDON (Reuters) - JPMorgan (JPM.N) and Goldman Sachs (GS.N) paid their top bankers in Britain an average of $1.5 million each in 2016, compared with $1 million for local rivals HSBC (HSBA.L) and Barclays (BARC.L), data released by the banks last year shows.Data compiled by Reuters from 13 banks’ filings, some of which were released only late last month, shows they paid an average of $1.06 m...Read More

LONDON (Reuters) - Oil rose to its highest since May 2015 on Thursday, supported by unrest in Iran that has raised concerns about supply risks, cold weather in the United States which is boosting demand and OPEC-led output cuts.Six days of anti-government protests in OPEC’s third-largest producer have added a geopolitical risk premium to oil prices, although Iran’s production and expor...Read More

LONDON (Reuters) - Market bulls resumed their charge on Thursday, as strong data from the world’s biggest economies sent stock index records tumbling and oil prices to their highest since mid-2015.In an apparent acceleration of last year’s global equity boom, MSCI's world index .MIWD00000PUS and London's FTSE .FTSE both set records in Europe, and the Dow Jones .DJI was expected to...Read More

NEW YORK/BOSTON (Reuters) - The first major winter storm of 2018 bore down on the U.S. Northeast on Thursday, closing schools and government offices and disrupting travel as work crews scrambled to clear roads of snow before plummeting temperatures turn it to treacherous ice.After bringing rare snowfall to the southeast a day earlier, the storm carried rapid accumulation and high winds to New York...Read More

Sandstorm Gold(NYSE: SAND;TSX: SSL)sold some 54,600 gold-equivalent ounces in 2017, the highest yearly total incompany history. The ounces were generated from 20 streams and royalties, withapproximately 80% coming from operations run by major and mid-tier miningcompanies, Sandstorm says. In other news, the company also reports it hascompleted the sale of $15 million worth of Equinox convertible de...Read More

(Reuters) - The Dow Jones Industrial Average was set to breach the 25,000 mark for the first time on Thursday as upbeat economic data from around the world boosted sentiment.Dow futures 1YMc1 were trading 50 points short of the mark. The blue-chip index crossed 20,000 in early 2017, spurred by President Donald Trump’s pro-growth agenda.At 6:54 a.m. ET (1154 GMT), Dow e-minis 1YMc1 were up 72...Read More

(Kitco News)- The U.S. labor market lost a little momentum after the LaborDepartment report showing that weekly U.S. jobless claims rose by 3,000 to 250,000claims  in the week to Saturday.Consensus expectations compiled by various news organizationscalled for initial claims to be around 241,000. The government revised priorweek's tally up by 2,000 to 247,000 claims.Meanwhile, the four-we...Read More

(Kitco News) - Metals dropped sharply yesterday after the release of theFOMC meeting minutes for December. The perception that the Fed presented a hawkish perspective generatedprofit taking in the metals and reversed the recent dollar weakness. I read theminutes a little differently. It appears there is growing concern within theFed of what the impact of aggressive rate increases will do to the ec...Read More

(Kitco News) - Gold and silver prices are trading moderately lower in early U.S. trading Thursday. Theprofit-taking pressure seen in the precious metals is not unexpected as goldhit a 3.5-month high Wednesday, while silver prices scored a five-week high. February Comex gold was last down $5.00 an ounce at $1,313.40. March Comex silver waslast down $0.107 at $17.16 an ounce.Thejust-released ADP nat...Read More

(Kitco News) - Metals dropped sharply yesterday after the release of the FOMC meeting minutes for December. The perception that the Fed presented a hawkish perspective generated profit taking in the metals and reversed the recent dollar weakness. I read the minutes a little differently. It appears there is growing concern within the Fed of what the impact of aggressive rate increases will do to th...Read More