* Euro zone GDP weaker than expected in Q3, sentiment sours * Fears of more U.S. tariffs on Chinese goods help dollar * Yuan slides to decade low on economic slowdown fears * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Oct 30 (Reuters) - The dollar hit a new 2 1/2-monthhigh on Tuesday, supported by worries about an escalation of theSino-U.S. trade w...Read More
BOSTON -(Kitco News)- While gold investors havelamented the lackluster price action as a sign that nobody cares about theyellow metal, the world’s most liquid gold marketssaid that perception is the farthest thing from the truth.Young-Jin Chang, global head of metals at CME GroupIn an interview with Kitco Newson the sidelines of the 2018 London Bullion Market Association annual PreciousMeta...Read More
• The precious metal extended Friday's retracement slide from near 3-1/2 month tops and remained under some selling pressure for the second consecutive session. • The corrective slide has now dragged the commodity to a short-term ascending trend-channel support, which if broken might prompt fresh long-unwinding trade. • Mo...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD DRILLING SUCCESSFULLY EXPANDS IRON CAP DEPOSIT AT KSMThe first two holes completed in this summer's drilling on the Iron Cap deposit at Seabridge Gold Inc.'s 100-per-cent-owned KSM project in northwestern British Columbia, Canada, have intersected some exceptional widths of gold and copper mineralization with grades exceeding the KSM resource average. Results f...Read More
* Aluminium touches lowest since August 2017 * Lead weakens after inventories rise * LME copper stocks reach lowest since July 2008 * Nickel steady after previous session's 10-month low (Adds closing prices, zinc spread)By Eric OnstadLONDON, Oct 30 (Reuters) - Aluminium slumped to its lowestin more than a year, with other base metals also falling onTuesday, on fresh concerns that a U.S.-China trad...Read More
Analysts at TD Securities explain that after spending the majority of the summer in the gutter as the bears piled on record short positions, it took a 10% correction in equities to convince these shorts to finally start covering. Key Quotes “This round of short covering did well to lift the yellow metal off the lows, and even to as high as $1243.48/oz last week, but we are wary of the stayin...Read More
Prospect generator Silver Range Resources (TSX-V:SNG) announced today that it has completed a fall reconnaissance program in Nevada and staked two new high-grade gold prospects.The first site is the century-old Loner Property located in Pershing County, 35 kms south of Winnemucca in the Grass Valley. "Claims cover high grade low sulphidation epithermal veins first discovered in 1906 and mined on a...Read More
Prospect generator Silver Range Resources (TSX-V:SNG) announced today that it has completed a fall reconnaissance program in Nevada and staked two new high-grade gold prospects.The first site is the century-old Loner Property located in Pershing County, 35 kms south of Winnemucca in the Grass Valley. "Claims cover high grade low sulphidation epithermal veins first discovered in 1906 and mined on a...Read More
* Dollar gains on report that U.S. preparing more Chinesetariffs * Holdings in SPDR Gold Trust rise to highest in 2 months * Gold on track to post biggest monthly gain since Jan * Silver eases to lowest in nearly three weeks (Updates prices)By Swati VermaBENGALURU, Oct 30 (Reuters) - Gold slipped on Tuesday as thedollar benefited from concerns about an escalating trade disputebetween the United St...Read More
* European stocks stumble back into the red * French consumer spending data, Italian GDP weighs * Dollar at 2 1/2-month high, Wall Street futures pointhigher * Yuan at 10-year low, metals sink on trade war worries* Graphic: World FX rates in 2018 By Marc JonesLONDON, Oct 30 (Reuters) - European shares laboured in thered and China's yuan hit a 10-year low on Tuesday as theprospect of an escalation...Read More
(Adds detail)ZAGREB, Oct 30 (Reuters) - Croatia plans to formally notifyBrussels next year about its intention of joining the two-yearwaiting room before eventually adopting the euro currency,central bank governor Boris Vujcic said on Tuesday."We're preparing a letter of intention on joining theEuropean Exchange Mechanism (ERM-2) (that) we plan to send (toBrussels) next year," Vujcic tol...Read More
A new high last week.Gold was crawling higher after breaking out.Danger ahead if history repeats.Higher rates are baked in the market.The dollar poses the most significant risk.Gold bulls had a rough summer in 2018. After making higher lows since late 2015, the price of the precious metal broke its bullish pattern in July when the price declined below the December 2017 low at $1236.50 per ounce. G...Read More
* Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit voteLONDON, Oct 30 (Reuters) - Sterling languished at a ten-weeklow on Tuesday as concern about Britain's departure from the EUled investors to largely ignore hopes of an end to austerityraised by Britain's finance minister Philip Hammond.The pound has weakened 4 percent since September as tradersfret over lack of pro...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried and failed to buy Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company.The Central Asia-focused gold miner last month proposed buying the Toronto-based company in an all-cash transaction at...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried and failed to buy Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company.The Central Asia-focused gold miner last month proposed buying the Toronto-based company in an all-cash transaction at...Read More
* Underlying profits rise to $3.8 billion * Nine-month production rises thanks to field start-ups * BHP deal to complete on Wednesday(Adds CFO, analyst comment, details)By Ron Bousso and Shadia NasrallaLONDON, Oct 30 (Reuters) - BP's profits thundered toa five-year high, boosted by stronger oil prices with productionset to rise further thanks to the $10.5 billion acquisition ofBHP Billiton's U.S....Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices fell on Tuesday as concerns about a further escalation in the U.S.-China trade war boosted the U.S. dollar, eroding bullion's appeal as it tested key technical support.Spot gold was down 0.47 percent to $1,223.61 per ounce, having touched $1,219.37, its lowest since Oct. 18. U.S. gold futures settled at $1,225.30 an ounce.The dollar climb...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices fell on Tuesday as concerns about a further escalation in the U.S.-China trade war boosted the U.S. dollar, eroding bullion's appeal as it tested key technical support.Spot gold was down 0.47 percent to $1,223.61 per ounce, having touched $1,219.37, its lowest since Oct. 18. U.S. gold futures settled at $1,225.30 an ounce.The dollar climb...Read More
TOKYO, Oct 30 (Reuters) - Honda Motor Co reportedon Tuesday a 40.2 percent jump in second-quarter operatingprofit due to higher motorcycle sales in Asia and costreductions, and as the year-ago earnings were hurt by pensionaccounting changes and litigation settlements.Japan's No. 3 automaker posted a 214.4 billion yen ($1.90billion) operating profit for July-September, up from 152.9billion yen a ye...Read More
Here Are 4 Hot Things to Know About Stocks Right Now Dow logs eighth losing session in past 11The Dow remains in the red for the year. The S&P 500 also declined more than 2%.Shares of International Business Machines Corp. (IBM) fell 4.8% on Monday after $34 billion deal for Red Hat Inc. (RHT) Tesla Inc. (TSLA) jumps after one of the electric car company's shareholders s...Read More