* Holdings in SPDR Gold Trust rise * Platinum hits fresh high since June 27 * U.S. jobs report due at 1230 GMT (Updates prices)By Eileen SorengBENGALURU, Nov 2 (Reuters) - Gold prices on Friday held onto gains from the previous session as investors remainedcautious ahead of a U.S. jobs report, which could provide clueson the pace of further interest rate hikes.Spot gold was flat at $1,232.81 per o...Read More
* U.S.-China trade deal hopes trigger risk rally * Emerging-market shares head for best day since early 2016 * Europe higher with Germany's DAX leading the charge * Hong Kong, Korean markets have best day in seven years * U.S. jobs data next test for rising bond yields * Dollar dips, sterling builds on strongest day of the year * Graphic: World FX rates in 2018 By Marc JonesLONDON, Nov 2 (Reuters)...Read More
* Dollar under pressure as risk-sensitive currencies gain * Trump said to have asked to prepare trade deal draft * Ebb in trade woes weighs on yen, lifts Aussie and yuan * Traders awaits U.S. jobs data for potential lift * Graphic: World FX rates in 2018By Tom FinnLONDON, Nov 2 (Reuters) - The dollar fell on Friday on signsU.S. President Donald Trump is seeking to resolve a damagingtrade war with...Read More
Nov 2 (Reuters) - U.S. President Donald Trump wants to reachan agreement with Chinese President Xi Jinping at the Group of20 nations summit in Argentina later this month, Bloombergreported on Friday, citing four people familiar with the matter.Trump has asked key U.S. officials to begin draftingpotential terms, Bloomberg said, addingthat the push for a possible deal with china was prompted by hist...Read More
Channel sampling at Gunner's Cove, one of White Metal's Newfoundland properties. Source: White Metal Resources Corp.White Metal Resources Corp. [WHM-TSXV; TNMLF-OTC] rallied sharply Friday November 2 after the company released a report on its initial due diligence grab sampling from its recently optioned Little Joanna gold property in Central Newfoundland.The company said a total of seven grab sam...Read More
Examples of visible gold from Marathon Gold's Valentine Lake Project in Newfoundland. Source: Marathon Gold Corp.Marathon Gold Corp. [MOZ-TSX; MGDPF-OTC] has added two years of mine life and 827,000 ounces of gold to the mix in an updated Preliminary Economic Assessment of its Valentine Lake gold project in Newfoundland.The project's after-tax Net Present Value rose to US$493.2 million from US$366...Read More
Nov 2 (Reuters) - Aluminium producer Hindalco Industries Ltd posted a 21.4 pct decline in Sept-quarter net profiton Friday, dragged down by rising input costs, but marginallybeat estimate.Standalone profit after tax came in at 3.09 billion rupees($42.50 million) in the second quarter, compared with 3.93billion rupees a year earlier, Hindalco said . Eleven analysts on an average had expected the Mu...Read More
Ferrous scrap prices in most parts of the world were firm in the week ending on Friday November 2, with healthy demand in the key import market of Turkey supporting global prices.But prices in Asia weakened because steel mills in Vietnam and Taiwan held back from purchasing ferrous scrap due to fierce price competition in the downstream billet and long steel markets.Turkey importsTurkish steel mil...Read More
Notes:1. Grades/widths of mineralized intervals represent complete "from" "to" drill depths as shown.2. All holes (with the exception of S18-122 which was drilled vertically) were drilled at 45-70 degree inclinations designed to be roughly perpendicular to the understood dip of mineralized structures based on the current understanding of the geological structures. The true widths of the mineralize...Read More
Prices for light iron scrap in the United Kingdom moved up by ?5 per tonne this week, due to material tightness and an increase in Turkish scrap prices, sources told Fastmarkets MB on Friday November 2.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis moved up by ?5 per tonne to ?90-120 ($116-155) per tonne on Friday November 2, from ?85-115 per tonn...Read More
ANKARA (Reuters) - The order to kill journalist Jamal Khashoggi came from the “highest levels” of the Saudi government, Turkish President Tayyip Erdogan said in an op-ed piece published by the Washington Post on Friday.However, he wrote: “I do not believe for a second that King Salman, the custodian of the holy mosques, ordered the hit on Khashoggi.”Reporting by Ece Toksaba...Read More
Comex copper prices surged back up to a mid-October high during a volatile week that saw the red metal unable to establish a clear price direction amid competing macroeconomic factors.The copper price for December settlement on the Comex division of the New York Mercantile Exchange jumped by 8.60 cents to $2.8075 per lb. Earlier today in trading, the contract touched a high of $2.8090, the highest...Read More
MIAMI (Reuters) - Former U.S. President Barack Obama warned against rhetoric he said was designed to sow fear at rally supporting Democratic candidates on Friday, a packed day of campaigning that will also see his successor, Donald Trump, on the road urging voters to keep his Republican Party in control of Congress.Obama hit on a common closing campaign theme of Democratic campaigns - defending th...Read More
Alliance Mining Corp. [ALM-TSXV] on Thursday November 1 said recent analysis of the 2006 drill logs from its Tonopah uranium project in Nevada has revealed the presence of vanadium in both the oxidized and non-oxidized clastic sediments.Alliance Mining shares rallied on the news, rising 40% or $0.01 to 3.5 cents.Alliance said vanadium is growing in importance for key industrial manufacturing secto...Read More
SASKATOON - Cameco Corp. says it earned $28 million in its latest quarter compared with a loss in the same quarter last year.The uranium miner says the profit amounted to seven cents per share for the quarter ended Sept. 30 compared with a loss of $124 million or 31 cents per share a year ago.Revenue totalled $488 million, up from $486 million.On an adjusted basis, Cameco says it earned $15 millio...Read More
NEW YORK (Reuters) - The Trump administration’s decision to ask about citizenship on the 2020 Census questionnaire could undermine the quality of the data by discouraging non-citizens from responding, the U.S. Census Bureau’s chief scientist said.But, added John Abowd in written testimony seen by Reuters, the question will not necessarily lead to an undercount, because the governmen...Read More
A summary of Norilsk Nickel's third-quarter production results for the three months ended September 30. (Quarter-on-quarter change) Nickel: 53,793 tonnes, +9% The quarterly growth was attributed to increased production at Norislk Nickel Harkavalta in Finland, which returned to normal operations after scheduled repair work in the second quarter this year. Over the first nine months in 2...Read More
LONDON (Reuters) - British banks Barclays (BARC.L) and Lloyds (LLOY.L), and Italy’s Banco BPM (BAMI.MI) have fared worst in the latest European Union wide “stress test” of top lenders’ resilience to simulated market shocks.The European Banking Authority (EBA), the EU’s banking watchdog, published the results for 48 banks on Friday in its toughest test since 2009, when...Read More
ROME (Reuters) - Italy posted a state sector budget deficit of 3.9 billion euros in October, down by 1.2 billion euros compared with the same month last year, the Treasury said on Friday.October data includes a 1.25 billion euro cash-in from the government’s fifth-generation (5G) frequency auction, the statement said.In the first 10 months of this year, the cumulative budget deficit amounted...Read More
The United States government is doing nothing to fight the opioid epidemic.Wait, let me rephrase that...The United States government is doing nothing to fight the opioid epidemic that will actually help the problem.For decades, the government has certainly made it seem like it was doing something to combat drug abuse. It wasted billions in taxpayer dollars on failed anti-drug programs such as D.A....Read More