(Kitco News) - Lottery fever has once again gripped the U.S. as Friday's Mega Millions lottery pushes close to the one-billion dollar mark.As of Friday morning, the jackpot had an estimated value of $970 million with a cash option worth $548 million. The Mega Million's lottery win could buy about 788,617 ounces of gold with prices currently trading around $1,230 an ounce. To put that into perspect...Read More

Montan Mining Corp. (TSXV:MNY; FSE:S5GM; SSE: MNYC) (Read full newsRead More

MUMBAI, Oct 19 (Reuters) - India’s interest rate setting committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating potential rate hikes ahead even as it held rates unchanged at its last meeting.Minutes of the Reserve Bank of India’s monetary policy committee’s (MPC) October meeting, released on Friday, showed most committee members...Read More

STOCKHOLM/MOSCOW, Oct 19 (Reuters) - Russia's Rusal may be forced to close its Kubal aluminium smelter in Sweden if the U.S. sanctions are not lifted, a Kubal representative who declined to be named told Reuters on Friday.The Kubal aluminium smelter in Sweden, Rusal's only primary metal production facility outside of Russia, produced 123,000 tonnes of metal last year. It employs just under 500 peo...Read More

SAN FRANCISCO (Reuters) - The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally.After worries about higher interest rates sparked a steep sell-off in early October and again on Thursday, the S&P 500 remains down 5 percent...Read More

(Kitco News)- Gold futures are heading for their third weekly rise in a row, and Wall Street and Main Street look for the metal tomake it four straight next week, based on the Kitco News gold survey.A number of factors underpinned gold this week,including geopolitical tensions between the U.S. and Saudi Arabia afternews reports that journalist Jamal Khashoggi disappeared aftergoing into the Saudi...Read More

(Kitco News) - Gold futures are heading for their third weekly rise in a row, and Wall Street and Main Street look for the metal to make it four straight next week, based on the Kitco News gold survey.A number of factors underpinned gold this week, including geopolitical tensions between the U.S. and Saudi Arabia after news reports that journalist Jamal Khashoggi disappeared after going into the S...Read More

(Reuters) - U.S. stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier.Consumer goods bellwether Procter & Gamble (PG.N) reported a surprise rise in first-quarter sales, sending its shares up 7.2 percent and boosting the consumer staples .SPLRCS ind...Read More

* Gold has risen by 0.7 pct so far this week* SPDR Gold holdings up 2.5 pct in past two weeks (New throughout, updates prices, market activity and comments)By Sethuraman N RBENGALURU, Oct 19 (Reuters) - Gold prices edged up onFriday, on course for a third week of gains as weaker stockmarkets spurred investors to seek refuge in bullion, which alsogained technical momentum after scaling major milest...Read More

The UK government's hot-cold approach to electric vehicles shows stumbling blocks to major take-upRead full newsRead More

ZURICH (Reuters) - ABB Chief Executive Ulrich Spiesshofer will not attend an investment conference in Saudi Arabia next week, the Swiss engineering group said on Friday.Spiesshofer joins other world business and political leaders who have withdrawn amid concern about a journalist's fate. ABB did not give a reason for his decision.The list of senior executives who have canceled attendance at Riyadh...Read More

(Reuters) - Facebook Inc (FB.O) has hired former U.K. Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling.The appointment makes Clegg, former leader of Britain’s Liberal Democrats and deputy to David Cameron between 2010 and 2015, the most senior European...Read More

The stock has pulled back recently with crude oil pricesEnergy stocks have taken a hit this week, as crude oil prices dropped on oversupply concerns. However, it could be time to buy the dip on one oil stock: Marathon Oil Corporation (NYSE:MRO). The shares have pulled back to a key trendline, which has had very bullish implications for MRO in the past.Marathon Oil stock has been in a channel of hi...Read More

Private equity firm Waterton Global Resource Management, which now owns about 7% of Hudbay Minerals (TSX, NYSE: HBM) said Friday it would call a special shareholder meeting of the Canadian base and precious metals miner after it refused its proposal for board changes.Waterton is asking Hudbay to replace some members of its board, as well as agree to a moratorium on acquisitions.Waterton is asking...Read More

Private equity firm Waterton Global Resource Management, which now owns about 7% of Hudbay Minerals (TSX, NYSE: HBM) said Friday it would call a special shareholder meeting of the Canadian base and precious metals miner after it refused its proposal for board changes.Waterton is asking Hudbay to replace some members of its board, as well as agree to a moratorium on acquisitions.Waterton is asking...Read More

Private equity firm Waterton Global Resource Management, which now owns about 7% of Hudbay Minerals (TSX, NYSE: HBM) said Friday it would call a special shareholder meeting of the Canadian base and precious metals miner after it refused its proposal for board changes.Waterton is asking Hudbay to replace some members of its board, as well as agree to a moratorium on acquisitions.Waterton is asking...Read More

NEW YORK (Reuters) - The euro recovered from one-week lows against the U.S. dollar on Friday as investors took profits on bets against the currency, after it was burdened this week by concerns about Italy’s spending proposals and Britain’s plans to exit the European Union.The single currency had dropped after the European Commission on Thursday sent Rome a letter calling a draft budge...Read More

   •  A subdued USD price action helps regain positive traction for the second straight session.   •  A fresh wave of global risk-aversion trade further underpins the safe-haven demand.   •  Gains remain capped below 2-1/2 month tops amid firming Fed rate hike expectations. Gold quickly reversed an early European session dip to $1223 area...Read More

NAIROBI, Oct 19 (Reuters) - Kenya plans to set up a gold refinery to help small scale miners in the west of the country, the Petroleum and Mining Ministry said on Friday, and the government is seeking consultants to advise on its construction.Kenya has proven deposits of titanium, gold and coal but its mining sector is a relatively small contributor to national output. However, revenues are expect...Read More

NAIROBI, Oct 19 (Reuters) - Kenya plans to set up a gold refinery to help small scale miners in the west of the country, the Petroleum and Mining Ministry said on Friday, and the government is seeking consultants to advise on its construction.Kenya has proven deposits of titanium, gold and coal but its mining sector is a relatively small contributor to national output. However, revenues are expect...Read More