* Indian dealers offer biggest discounts since mid-June * Moderate buying in other top Asian hubs * Benchmark spot gold prices set for third weekly gain * China premiums at $4-$7/oz; 60 cents to $1.20 in Singapore By Rajendra Jadhav and Vijaykumar VedalaMUMBAI/BENGALURU, Oct 19 (Reuters) - A key festival broughtlittle activity to the physical gold market in India this weekas purchases remained sig...Read More
* China quarterly GDP data slowest since financial crisis * Zinc stocks on SfHE jump 23 percent over the last week * 2018 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, Oct 19 (Reuters) - Copper rose on Friday and nickelprices rebounded from a one-month low after regulators in Chinapledged support for firms with liquidity issues brought on bymonths of slowing growth.Both metals ende...Read More
* Euro under pressure amid EU-Italy stand-off * Dollar index inches higher * Sterling rises on Brexit hopes * Graphic: World FX rates in 2018 (Updates prices)By Tom FinnLONDON, Oct 19 (Reuters) - The euro fell towards a two-monthlow on Friday after the European Union criticised Italy'sspending plans, raising fresh concern about a conflict withinthe common currency zone.Political wrangling over the...Read More
The body representing the mining industry in Canada's Nova Scotia has released a report that recommends $19.5 million be invested in geophysical surveys to help find future mines and quarries."This needs assessment report is the first step toward building a minerals version of Play Fairway - a free, best-in-class database of geophysical knowledge that will help attract investment and job creation...Read More
By Peter HobsonLONDON, Oct 19 (Reuters) - The London Bullion MarketAssociation (LBMA) is planning to help modernise and improvetransparency in the industry with an approval process forcompanies using blockchain technology to track the movement ofgold.The embracing of blockchain, the technology behind bitcoin,aims to exclude from the global supply chain metal that isillegally mined or traded or use...Read More
Shandong Zhaojin Group , one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday.The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects, Li...Read More
* Acacia seeks direct talks with Tanzania * Spat deepens with charges in Tanzania this week * Shares slump the most since July 2017 (Updates with shares, analyst)By Zandi ShabalalaLONDON, Oct 19 (Reuters) - Acacia Mining threatenedto use a bilateral investment treaty to force face-to-face talkswith Tanzania over a long-running tax dispute that has seen thegold miner hit with a huge tax bill.Acacia...Read More
Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country's administration, has threatened to sue the government in international court as concerns about the safety of its staff mount.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), has been waiting for the Canadian gold giant to negotiate a settlement with President John Magufuli, after he s...Read More
(Adds quotes, details, share price)MOSCOW, Oct 19 (Reuters) - Russia's Severstal , oneof the country's largest steelmakers, reported a 25 percent risein third-quarter core earnings on Friday compared to the sameperiod the previous year, though slightly below analystforecasts.Earnings before interest, taxation, depreciation andamortisation (EBITDA) totalled $768 million, the company said.Analysts h...Read More
Christopher Lewis22 hours agoThe Silver markets continue to find resistance at the $15 level, while they will also find significant support at the $14 level. Ultimately, this market continues to go back and forth but I think silver is trying to form a bit of a base. At this point, I think if we can break above the $15 level, then we can go much higher, perhaps breaking towards $15.50 next, and the...Read More
Turn $100 into a retirement fortune in a matter of months.An eccentric millionaire from New York has just released a video that will shock seniors around the country. The average American senior can expect to collect $1,369 in Social Security benefits. But this millionaire has found an ingenious new way for anyone... To turn a small amount equivalent to a tiny percentage of their benefits (7%...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average, the S&P 500 and the Nasdaq traded sharply lower on Thursday. The indexes fell for a second consecutive session. Federal Reserve officials believe the best way to encourage a steady U.S. economy is to raise interest rates gradually, according to minutes from the central bank's last policy meeting....Read More
The Thursday Market Minute Global stocks weaken as investors re-price risk following a hawkish reading of the latest Fed minutes that suggests near-term rate hikes will continue as the domestic economy expands and inflation accelerates.China stocks fall to a four-year low in the face of a firmer dollar and rising bond yields, with little relief coming from a U.S. Treasury report that stopped sho...Read More
CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02% The Metals: G...Read More
By Ira EpsteinWeekend squaring up leaves gold strong going into next week.https://www.iraepstein.com/ Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort189,200171,53371,278166,143198,139426,621440,950Change from Prior Reporting Period 9,454-46,3887,521-8,16649,6968,80910,829Traders17895885749279194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,79733,468474,418 356-1,6649,165 non reportable positionsChange from...Read More
The sentiment shift is still subtle, but it's both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive comments in the media and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part of this year but lately has ramped up its buying, with August imports more...Read More
By David Brady, CFAAfter falling from 1369 to 1167 in just four months, Gold is attempting to rally now, having risen to a high of 1237 recently. But as I shared in my previous article: "There is significant resistance ahead that could stall Gold's rally, most notably 1244, the 38.2% Fibonacci retracement of the entire drop from 1369 to 1167, and 1251 on a closing basis (1360-1184). If we close...Read More
The gold miners' stocks have been largely ignored and neglected for years. Speculators and investors wanted little to do with them for various reasons. But that apathetic sentiment is finally starting to shift thanks to last week's stock-market plunge. Capital is starting to return to this battered sector as traders begin to realize how radically undervalued it is. Sentiment mean reversi...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourages a healthy debate.People often whisper conspiratorially about the age-old U.S. practice of fixing the gold price at $42.22. "They're just trying to keep gold d...Read More