(Updates prices) * Dollar index falls 0.6 pct * Democrats will control House for first time in eight years * Investors await U.S. Fed's two-day policy meeting * Platinum hits more than 4-month high By Swati VermaBENGALURU, Nov 7 (Reuters) - Gold rose on Wednesday as U.S.mid-term elections delivered a split Congress and pressured thedollar, with investors now turning their attention to a FederalRes...Read More

(Kitco News)- IamgoldCorp. (TSX: IMG; NYSE: IAG) late Tuesday reported a loss for the third quarteras revenues came in lower than in the same period a year ago, with bothproduction and gold prices weaker but costs higher.Thecompany listed an adjusted net loss $6.9 million, or a penny per share,compared to adjusted net earnings of $33.7 million, or 7 cents, in the sameperiod of 2017. The net loss w...Read More

WASHINGTON (Reuters) - Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives on Tuesday, Fox News and NBC News projected, giving Democrats the opportunity to block Trump's agenda and open his administration to intense scrutiny.In midterm elections two years after he won the White House, Trump and his fellow Republicans were set to...Read More

MUNICH - The International Precious Metals & Commodities show will take place this Friday and Saturday in Munich. The conference, which has taken place since 2005, is exclusively dedicated to investments in precious metals and commodities, expecting both institutional and retail investors.Just like the years prior, exciting programs in collaboration with national and international speakers await a...Read More

Long-term contracts for cobalt hydroxide supply in 2019 have been heavily weighted toward lower payables year on year, with discussions centered around increasing availability of intermediates. But the extent of the likely hydroxide surplus' impact on next year's metal market is less clear. Since last year's mating season, Glencore has announced the restart of production at Katanga in the Dem...Read More

TORONTO - Shareholders of Randgold Resources Ltd. have voted in favour of a merger with Barrick Gold Corp.Randgold says just over 95 per cent votes cast were in favour of the deal, representing about 70 per cent of outstanding shares.The proposed combination, announced in September, will add gold mine properties in Mali, Senegal, Ivory Coast and the Democratic Republic of Congo to Barrick's portfo...Read More

With the midterms squarely behind us, will we finally start to see crude prices head higher?The immediate answer from the market is a firm yes, as WTI crude is trading slightly higher this morning.The biggest catalyst for higher oil prices should've been the deadline that just passed a few days ago... at least it was until the politics came into play. After President Trump played it tough with Nor...Read More

(Adds details, quotes, context)MOSCOW, Nov 7 (Reuters) - Polyus, Russia's largestgold producer, on Wednesday reported third-quarter net profitdown 61 percent from a year ago to $144 million due to foreignexchange losses and other non-cash items.The company controlled by Said Kerimov, son of Russiantycoon Suleiman Kerimov, has not been targeted by the U.S.sanctions against Moscow. Washington includ...Read More

(Reuters) - Grocery delivery startup Instacart said on Wednesday it is launching a new service, Instacart Pickup, across the United States, which allows customers to order groceries and choose either delivery or store pickup options.The nation-wide rollout of the pickup service, which follows a pilot project, will be offered through nearly 200 stores spread over several states, which include Atlan...Read More

The new round of sanctions imposed by the United States on November 5 is expected to cut Iranian steel exports further, gradually leading to lower Iranian steel output, market sources believe."Today's action includes the designation of 50 Iranian banks and their foreign and domestic subsidiaries," the US Treasury Department announced in its report on Monday, along with "the identification of more...Read More

WASHINGTON (Reuters) - Citibank (C.N) will pay more than $38 million to the U.S. Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRS), the regulator said in a statement on Wednesday.The SEC found that Citibank falsely provided U.S. securities that represent foreign shares, or ADRs, to brokers in thousands of premature transactions. Those brokers and cu...Read More

CARACAS (Reuters) - Venezuela’s consumer prices rose 833,997 percent in the twelve months through October, according to a report by the opposition-controlled Congress published on Wednesday, the latest sign that policy changes in August failed to halt rampant hyperinflation.Monthly inflation decelerated to 148 percent from 233 percent in September, the data showed, but left the OPEC nation o...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday praised Interior Secretary Ryan Zinke, who has come under scrutiny for his use of a security detail, chartered flights and a real estate deal, but seemed to leave open the possibility of replacing him.“We’re looking at that, and I do want to study whatever is being said. I think he’s doing an excellent job but we wil...Read More

China's hot-rolled coil prices fell further on Tuesday November 6 after sentiment was dampened by Tangshan's smaller-than-expected production cuts. DomesticEastern China (Shanghai): 4,000-4,010 yuan ($578-579) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,990-4,000 yuan per tonne, down 10 yuan per tonneShanghai's HRC prices have fallen for a 12th day, with sentiment in the market...Read More

BERLIN (Reuters) - Pitching to succeed Angela Merkel as Christian Democrat (CDU) leader, Annegret Kramp-Karrenbauer promised on Wednesday a new chapter for Germany in which “people feel at home here” after a period of political turmoil marked by the rise of the far-right.Should she secure the CDU leadership, Kramp-Karrenbauer, 56, would be in pole position to succeed Merkel as chancell...Read More

LONDON (Reuters) - Stewart Ford, founder of now-defunct “death bonds” firm Keydata, said on Wednesday he might seek an appeal after losing a battle against Britain’s markets regulator over a record 76 million pound ($100 million) fine.Ford, who has fought the Financial Conduct Authority (FCA) and its FSA predecessor since it fast-tracked Keydata Investment Services into administr...Read More

Ferrous futures saw mild moves during Asian morning trading on Wednesday November 7 as the market absorbed more signals of lighter winter steelmaking restrictions.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,927 yuan ($566) per tonne, up 3 yuan per tonne January hot-rolled coil: 3,728 yuan per tonne, up 31 yuan per tonne Dalian Commodity Exchange January iron...Read More

As we have written before in this report, we believe that for the market to regain its footing and march to new highs before year-end in the face of higher bond yields, financial stocks will have to lead. Typically, banks and insurance companies benefit from higher long-term interest rates and a growing economy. If they cannot outperform now with US growth above trend and long rates rising, somet...Read More

The latest news and price moves to start the Asian day on Thursday November 8.Aluminium prices ended higher on the London Metal Exchange on Wednesday November 7 but a 10-year low in zinc inventories failed to boost the metal's price. Read more in our live futures report.Here are how prices looked at the close of trading.The latest round of sanctions imposed by the United States on November 5...Read More

HELSINKI (Reuters) - The European Union’s Brexit negotiator Michel Barnier said on Wednesday it was impossible to say when divorce talks with Britain would be finalised and that there would be no deal agreed without a solid fix for the Irish border.“To be frank, we are not there yet. The clock is ticking. The choices need to be made now on the UK side,” Barnier told reporters aft...Read More