Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

* OPEC works on deal to cut output, still needs Russia on board* Canadian supply cut lends support* Soaring U.S. output is OPEC's biggest headache* Texas oil output more than Iraq, OPEC's No.2 producer -Barclays (Adds API data)By Jessica Resnick-AultNEW YORK, Dec 4 (Reuters) - Oil prices pared gains in volatile trade on Tuesday amid fears that demand would stall due to a trade war between the Unit...Read More

* NSE index down 0.3 pct, BSE index 0.42 pct lower* Election results awaited - analyst* RBI decision on WednesdayBy Tanvi MehtaDec 4 (Reuters) - Indian shares fell on Tuesday tracking weaker sentiment across Asia, as domestic investors remained cautious ahead of election results for some states next week.The result of elections in the states of Madhya Pradesh and Mizoram, among others, are expecte...Read More

* MSCI all world index eases 0.9 percent* European share markets continue selloff* Confusion over timing of trade truce, China commitments* U.S. yield curve inversion raises recession concerns* Dollar weakens, sterling bounces (Updates with open of U.S. markets)By Laila KearneyNew York, Dec 4 (Reuters) - A key gauge of world equity markets fell on Tuesday as hopes faded for a speedy resolution to...Read More

Dec 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:** A federal judge who has been asked to sign off on the U.S. government's decision to approve CVS Health Corp's CVS.N acquisition of insurer Aetna Inc (NYSE:AET) said he was "less convinced" than the government that the companies had struck a deal that ensured the merger was...Read More

* FTSE 100 down 0.6 pct, FTSE 250 down 1.3 pct* Top EU court advisor says Brexit could revoke Article 50* Thomas Cook (NS:THOM) hits 6-year low* Gold stocks rally on higher prices* Quarterly reweighting roils some shares (Adds details, closing prices)By Helen Reid and Josephine MasonLONDON, Dec 4 (Reuters) - Concerns about growth, doubts about a U.S.-China trade truce, and a rising pound drove Bri...Read More

Investing.com - Gold prices rose to nearly a five-month high on Tuesday as a continuing decline in the dollar boosted foreign demand for the precious metal, while investors shift attention to the next Federal Reserve policy meeting.At 9:49 AM ET (14:49 GMT), gold futures for February delivery on the Comex division of the New York Mercantile Exchange gained $6.20, or 0.50%, to $1,245.50 a troy ounc...Read More

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (December 3, 2018) - Mega Uranium Ltd. (MGA: TSX) ("Mega") announces today that it is proposing to complete a non-brokered private placement to sell up to 15,909,091 units (the "Units") at a price of $0.11 per Unit, for aggregate gross proceeds of up to $1,750,000 (the "Financing").Ea...Read More

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.4 pct, FTSE 250 down 0.3 pct* Top EU court advisor says Brexit could revoke Article 50* Thomas Cook (NS:THOM) sinks 15 pct to 6-year lowBy Helen ReidLONDON, Dec 4 (Reuters) - Concerns about growth, doubts about a U.S.-China trade truce, and a rising pound drove Britain's top stock index down on Tuesday.The FT...Read More

RAPAPORT... Sales and profit grew at Indiandiamond manufacturer Asian Star in the second fiscal quarter amid improvedjewelry exports and a strong performance at its Dubai trading unit.The Mumbai-based group saw strong margins in its jewelry division, especially the export business, Pranav Kapadia, Asian Star's chief manager for accounts and tax, told Rapaport News. It also enjoyed a robu...Read More

RAPAPORT... Chow Tai Fook and Swarovski have led a consortium ofinvestors in a digital jewelry program that claims to reduce sourcing time byup to 80%. Atelier Technology - which launched in January - aimsto connect the supply chain and eliminate unnecessary administration, therebybringing more products to market at a faster rate, it said Tuesday. Five jewelershave made an undisclosed investm...Read More

RAPAPORT... An 18.04-carat diamond fetched $828,500 at Bonhams on Monday,exceeding its presale estimate of $400,000 to $600,000, Bonhams said Tuesday. The emerald-cut, G-color, VS2-clarity ring flanked bytrillion-cut diamonds led the company's New York Fine Jewelry sale. Itwas the first time the stone - which was from a private collection - had appearedat auction. "We saw some fierce bidding...Read More

RAPAPORT PRESS RELEASE, December 4, 2018, New York... The sharp decline in prices of small, low-value diamonds will exert further pressure on India's manufacturing sector, according to the latest issue of the Rapaport Research Report. Prices in some categories have dropped by up to 20% in 2018 due to an oversupply and weaker demand.The report, "A Crisis in Melee," outlines four factors influe...Read More

(IDEX Online) - Chow Tai Fook Jewellery Group Limited posted a 20% increase on the year in revenue to HK$29.7 billion ($3.8 billion) in its interim results for the six months ended 30 September.   The jeweler said the results were due to stabilizing consumer demand and reviving Mainland [China] visitation which fuelled the jewelry market.   Profit increased by 8.8% to HK$1.94 billion (...Read More

Import rebar prices in the United Arab Emirates (UAE) went up this week but billet import prices decreased in new deals, Fastmarkets heard on Tuesday December 4.Demand was not strong because stocks were high already, market sources said.Domestic rebarThe country's largest producer, Emirates Steel, was still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production. Conares...Read More

(IDEX Online) - Sales of jewelry, watches, clocks and other valuable gifts in Hong Kong increased by 3.3% on the year in October to HKD 6.868 billion ($878 million), reported the Census and Statistics Department.   The rise was higher than that recorded in September when Typhoon Mangkhut hit Hong Kong and the increase in jewelry sales was 2.2%.   For the first 10 months of this year, th...Read More

RAPAPORT... De Beers plansto expand its Lightbox product offering next year after observing strong consumer interest in its rollout of synthetic-diamond jewelry.The company hopes to introduce stackable rings in the latter part ofthe first quarter, Sally Morrison, Lightbox's chief marketing officer, confirmedto Rapaport News Monday. Bracelets will then come onto the market laterin 2019. John...Read More

RAPAPORT... PC Jeweller plans to reduce its exports by more than aquarter during the current fiscal year as it looks to minimize its credit needsin a tighter Indian lending market. The company receives payment for exports several monthsafter a transaction, and therefore has to take bank loans to buy raw materialsand support the business, Sanjeev Bhatia, PC Jeweller's chief financialofficer, t...Read More

RAPAPORT... Sales of jewelry and other luxury goods in Hong Kong beganto rebound in October after a typhoon drove tourism rates down theprevious month. October sales grew 3.3% year on year to HKD 6.87 billion($878.2 million) for jewelry, watches, clocks and other valuable gifts,according to data the Census and Statistics Department released last week.Total retail sales in Hong Kong increased 6% to...Read More

(IDEX Online) - World Federation of Diamond Bourses (WFDB) President Ernie Blom says the diamond and jewelry industries appear to be heading for a strong end of the year according to import and export figures and other reports in recent weeks.   India recently reported a 19-percent rise in exports in October in its latest results, while Belgium posted a 17-percent increase. Meanwhile, US ret...Read More

The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo American’s De Beers is set to produce between 6.6-million and 6.9-million carats in the 2019 financial year – a level also forecast for 2020.The mine, located in the Northwest Territories, will process between 3.1-million and 3.2-million tonnes of ore in 2019 and 2020, at a productio...Read More