BERLIN (Reuters) - Germany’s jobless total fell in October and employment hit a record high in September, data showed on Tuesday, underlining the strength of a labor market that is supporting a consumer-led upswing in Europe’s largest economy.The Federal Labour Office said the seasonally adjusted jobless total fell by 11,000 to 2.292 million, slightly below the predicted drop of 12,000...Read More
BOSTON, Oct 29 (Reuters) - The London Bullion Market Association (LBMA) will begin publishing data on November 20 that will provide the most accurate picture yet of the size of London's gold trade, its chief executive said on Monday.London is the world's largest gold market but because most transactions are done bilaterally between banks, brokers and traders reluctant to reveal their activity, its...Read More
SHANGHAI (Reuters) - U.S. President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn’t possible.“I think that we will make a great deal with China and it has to be great, because they’ve drained our country,” Trump told FOX News Channel’s...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Gold was once again rejected atthe $1,240 level, as it tried to break above Wednesday and Thursday only tofail. Gold now looks like it's headed back to the $1,220 support level, whichis consistent with the consolidation pattern that it has been trading in forthe past three weeks.The action, although frustrating,is congestion and often looks to be only a resting spot before gold breaks outto the ne...Read More
Mr. Dan Stuartof Juggernaut reports DSM SYNDICATE DISCOVERS SECOND HIGH GRADE ZONE ON GOLDSTAR PROPERTY WITH SAMPLES UP TO 20.6 GRAMS PER TONNE GOLD AND 761 GRAMS PER TONNE SILVER REMAINS OPENJuggernaut Exploration Ltd. andGoliath Resources Ltd. have released channel, chip and grab sample assay results from the Gold Star property at the newly discovered 190-metre-long Goldilocks quartz vein stockw...Read More
Mr. Dan Stuartof Juggernaut reports DSM SYNDICATE DISCOVERS SECOND HIGH GRADE ZONE ON GOLDSTAR PROPERTY WITH SAMPLES UP TO 20.6 GRAMS PER TONNE GOLD AND 761 GRAMS PER TONNE SILVER REMAINS OPENJuggernaut Exploration Ltd. andGoliath Resources Ltd. have released channel, chip and grab sample assay results from the Gold Star property at the newly discovered 190-metre-long Goldilocks quartz vein stockw...Read More
* Euro zone GDP weaker than expected in Q3, sentiment sours * Fears of more U.S. tariffs on Chinese goods help dollar * Yuan slides to decade low on economic slowdown fears * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Oct 30 (Reuters) - The dollar hit a new 2 1/2-monthhigh on Tuesday, supported by worries about an escalation of theSino-U.S. trade w...Read More
BOSTON -(Kitco News)- While gold investors havelamented the lackluster price action as a sign that nobody cares about theyellow metal, the world’s most liquid gold marketssaid that perception is the farthest thing from the truth.Young-Jin Chang, global head of metals at CME GroupIn an interview with Kitco Newson the sidelines of the 2018 London Bullion Market Association annual PreciousMeta...Read More
BOSTON -(Kitco News) - While gold investors have lamented the lackluster price action as a sign that nobody cares about the yellow metal, the world’s most liquid gold markets said that perception is the farthest thing from the truth. Young-Jin Chang, global head of metals at CME Group In an interview with Kitco News on the sidelines of the 2018 London Bullion Market Association annual P...Read More
• The precious metal extended Friday's retracement slide from near 3-1/2 month tops and remained under some selling pressure for the second consecutive session. • The corrective slide has now dragged the commodity to a short-term ascending trend-channel support, which if broken might prompt fresh long-unwinding trade. • Mo...Read More
Vancouver-based MGX Minerals (CSE: XMG) announced today that its engineering partner PurLucid Treatment Solutions has deployed the first advanced wastewater treatment system in Alberta.This development is part of MGX's quest to move forward with a rapid lithium extraction technology which, the company says, reduces the physical footprint and investment in large, multi-phase, lake-sized, lined evap...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD DRILLING SUCCESSFULLY EXPANDS IRON CAP DEPOSIT AT KSMThe first two holes completed in this summer's drilling on the Iron Cap deposit at Seabridge Gold Inc.'s 100-per-cent-owned KSM project in northwestern British Columbia, Canada, have intersected some exceptional widths of gold and copper mineralization with grades exceeding the KSM resource average. Results f...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD DRILLING SUCCESSFULLY EXPANDS IRON CAP DEPOSIT AT KSMThe first two holes completed in this summer's drilling on the Iron Cap deposit at Seabridge Gold Inc.'s 100-per-cent-owned KSM project in northwestern British Columbia, Canada, have intersected some exceptional widths of gold and copper mineralization with grades exceeding the KSM resource average. Results f...Read More
* Aluminium touches lowest since August 2017 * Lead weakens after inventories rise * LME copper stocks reach lowest since July 2008 * Nickel steady after previous session's 10-month low (Adds closing prices, zinc spread)By Eric OnstadLONDON, Oct 30 (Reuters) - Aluminium slumped to its lowestin more than a year, with other base metals also falling onTuesday, on fresh concerns that a U.S.-China trad...Read More
Analysts at TD Securities explain that after spending the majority of the summer in the gutter as the bears piled on record short positions, it took a 10% correction in equities to convince these shorts to finally start covering. Key Quotes “This round of short covering did well to lift the yellow metal off the lows, and even to as high as $1243.48/oz last week, but we are wary of the stayin...Read More
Prospect generator Silver Range Resources (TSX-V:SNG) announced today that it has completed a fall reconnaissance program in Nevada and staked two new high-grade gold prospects.The first site is the century-old Loner Property located in Pershing County, 35 kms south of Winnemucca in the Grass Valley. "Claims cover high grade low sulphidation epithermal veins first discovered in 1906 and mined on a...Read More
Prospect generator Silver Range Resources (TSX-V:SNG) announced today that it has completed a fall reconnaissance program in Nevada and staked two new high-grade gold prospects.The first site is the century-old Loner Property located in Pershing County, 35 kms south of Winnemucca in the Grass Valley. "Claims cover high grade low sulphidation epithermal veins first discovered in 1906 and mined on a...Read More
Prospect generator Silver Range Resources (TSX-V:SNG) announced today that it has completed a fall reconnaissance program in Nevada and staked two new high-grade gold prospects.The first site is the century-old Loner Property located in Pershing County, 35 kms south of Winnemucca in the Grass Valley. "Claims cover high grade low sulphidation epithermal veins first discovered in 1906 and mined on a...Read More
* Dollar gains on report that U.S. preparing more Chinesetariffs * Holdings in SPDR Gold Trust rise to highest in 2 months * Gold on track to post biggest monthly gain since Jan * Silver eases to lowest in nearly three weeks (Updates prices)By Swati VermaBENGALURU, Oct 30 (Reuters) - Gold slipped on Tuesday as thedollar benefited from concerns about an escalating trade disputebetween the United St...Read More