I opined in a previous article 2 weeks ago that gold was set to move towards 1,300. In a span of 2 weeks, gold has popped 16 points higher.XAU/USD has benefited from an equity meltdown, with US equity markets erasing most or all of its gains for this year already. More panic-selling should be supportive for gold.A key point: short positioning in US 10- and 30-year Treasuries is at its all-time hig...Read More

A retreat in gold continues in response to a strong U.S. dollar, says George Gero, managing director with RBC WealthManagement. Market participants appear poised to push the dollar index backabove 97, Gero says. As of 9:06 a.m. EDT, the spot dollar index was up 0.209point to 96.788. Comex December gold was down $1.50 to $1,226.10 and earliertraded down to $1,221.40. “It’s still all abo...Read More

UAA recently found support at its 320-day moving averageThe shares of Under Armour Inc (NYSE:UAA) are up 17.2% ahead of the bell, powered higher by the retailer's blowout third-quarter earnings report. Under Armour reported adjusted quarterly profit of 25 cents per share, exceeding the average analyst estimate of 12 cents per share. Revenue topped Wall Street projections, as well, while fiscal-y...Read More

China's stimulus efforts aimed at preventing the economy from slowing further and minimizing the impact of U.S. tariffs are supporting raw materials demand, according to Rio Tinto Group."The Chinese machine is still working very well," CEO Jean-Sebastien Jacques said Tuesday in an interview with Bloomberg Television.China has had a spurt of local bond issuance intended to fund roads, homes and oth...Read More

China's stimulus efforts aimed at preventing the economy from slowing further and minimizing the impact of U.S. tariffs are supporting raw materials demand, according to Rio Tinto Group."The Chinese machine is still working very well," CEO Jean-Sebastien Jacques said Tuesday in an interview with Bloomberg Television.China has had a spurt of local bond issuance intended to fund roads, homes and oth...Read More

(Reuters) - U.S. stock index futures were higher on Tuesday, coming off yet another bout of volatile trading the previous session, as investors weighed the latest salvo in the U.S.-China trade war and earnings reports from blue-chip companies.President Donald Trump said he believes “a great deal” on trade can be struck with China, and that he has billions of dollars worth of new tariff...Read More

LONDON (Reuters) - Oil prices fell on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran.Benchmark Brent crude oil LCOc1 fell $1.05 a barrel to a low of $76.29 before recovering slightly to around $76.44, down 90 cents, by 1205 GMT. U.S. light crude CLc1 was 60 cents lower at $66.44...Read More

The Big Board tracker is now staring up at numerous layers of former supportMany headlines this past Wednesday, Oct. 24, covered the Nasdaq Composite's (IXIC) close in formal "correction" territory, down more than 10% from the all-time high it had reached as recently as Aug. 30. But considerably less attention was paid to the fact that the Nasdaq's less-flashy cousin, the NYSE Composite Index (NYA...Read More

Dow futures are pointing to a healthy rise at the openU.S. stocks will try again to gain at the open today, after yesterday's rally attempt turned into a massive sell-off. For now, the Dow Jones Industrial Average (DJI) is eyeing a healthy jump, and futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are pointing to positive starts, as well. Traders again will be focusing on corporate ea...Read More

PARIS (Reuters) - The European Union should prepare for its companies to be targeted by American sanctions in a worsening trade dispute between the United States and China, former World Trade Organisation (WTO) director general Pascal Lamy said on Tuesday.As they weigh up a response to renewed U.S. sanctions against Iran, which have forced an exodus of European companies, EU governments should con...Read More

(Reuters) - Apple Inc (AAPL.O) on Tuesday is expected to unveil updates to its Mac computers and iPads that include facial recognition features that have been available in the iPhone lineup at an event in Brooklyn.Analysts expect a new versions of Apple’s iPad Pro, its higher-end tablet computer that competes with the Microsoft Surface, with thinner bezels and more screen space, along with t...Read More

Guyana Goldfields Inc. (TSX: GUY) reports a net loss for the third quarterand downgraded its full-year production guidance, explaining that grades have not rebounded as quickly asanticipated in the fourth quarter. The net loss for thethird quarter was $2.2 million, or a penny per share, which officials says wasinfluenced by increased deferred tax expense and management restructuringcharges. In the...Read More

(Reuters) - General Electric Co (GE.N) slashed its quarterly dividend to just 1 cent per share and said it would split its power unit into two businesses as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.GE made an expensive bet on fossil fuels with a pricy 2015 acquisition and is still working to cut debt and revive its sagging stock price. Its revenues...Read More

Chaarat Gold Holdings (LON:CGH), the company that tried buying Centerra's Kumtor mine in the Kyrgyz Republic, has agreed to acquire Kapan gold mine in Armenia from Polymetal, one of Russia's largest gold and silver producers.The $55 million deal is part of Chaarat's intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which it aims to rea...Read More

Chaarat Gold Holdings (LON:CGH), the company that tried buying Centerra's Kumtor mine in the Kyrgyz Republic, has agreed to acquire Kapan gold mine in Armenia from Polymetal, one of Russia's largest gold and silver producers.The $55 million deal is part of Chaarat's intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which it aims to rea...Read More

Chaarat Gold Holdings (LON:CGH), the company that tried buying Centerra's Kumtor mine in the Kyrgyz Republic, has agreed to acquire Kapan gold mine in Armenia from Polymetal, one of Russia's largest gold and silver producers.The $55 million deal is part of Chaarat's intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which it aims to rea...Read More

Gold spot ($) Under pressure. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1230.50 Our preference Short positions below 1230.50 with targets at 1226.00 & 1224.00 in extension. Alternative scenarioAbove 1230.50 look for further upside with 1233.50 & 1235.50 as targets. Comment The RSI advocates for further decline.   Silver spot ($)...Read More

FRANKFURT, Oct 30 (Reuters) - Soured credit, cybercrime and the escalation of political uncertainty around the globe are likely to be the biggest risks for banks in the euro zone next year, the European Central Bank said in a risk assessment exercise on Tuesday.“The three most prominent risk drivers affecting the euro area banking system are: geopolitical uncertainties, the stock of non-perf...Read More

BRUSSELS (Reuters) - The euro zone grew much less than expected in the third quarter and economic confidence continued to fall, official estimates showed on Tuesday, as signs of distress became more evident in Italy, the bloc’s third biggest economy.The European statistics office Eurostat said economic growth in the 19 countries sharing the euro slowed to 0.2 percent in the third quarter aga...Read More

BERLIN, Oct 30 (Reuters) - Inflation in Germany's most populous regions accelerated in October to reach the highest level in many years, data showed on Tuesday, adding weight to the European Central Bank's case for gradually winding down its unprecedented monetary stimulus.With price pressures building in the euro zone, the ECB last week confirmed its plan to end its 2.6 trillion euro bond-buying...Read More