(Kitco News) - Major Canadian asset managers are turning to gold at an unprecedented pace as an essential portfolio diversifier and hedge against growing market risk and volatility, according to an executive at State Street Global Advisors.In a recent presentation in Montreal, Bobby Eng, head of SPRD ETF business development Canada said that his firm has seen Canadian investment demand grow by app...Read More

Despite the fact that top coal producers are receiving the highest profits in six years from their coal mines, Rio Tinto (ASX, LON, NYSE: RIO) continues to work towards accomplishing its mission of completely divesting from its coal assets.In a media brief, the world's No.2 miner announced that it had completed the sale of its 75 percent interest in the Winchester South coal development project in...Read More

Gold prices finished with a loss on Thursday to tally a second straight monthly decline, as pressure from the U.S. dollar index's gains in May outweighed concerns about a global trade spat. Prices for the haven metal had initially turned a bit lower early Thursday when a round of economic data, a curtain-raiser to the closely watched monthly payrolls report due Friday, did little to sway expectat...Read More

(Kitco News) - More Federal Reserve rate hikes and escalating trade war tensions mean more volatility for the precious metals market, but prices are likely to move up in the latter half of the year, according to TD Securities.“Gold, silver, and platinum should be well supported and follow a smoother upwards path starting sometime in the latter part of 2018,” TD Securities head of commo...Read More

Shares in Chilean lithium producer SQM (NYSE:SQM) trading in New York in the form of ADRs declined more than 3% on Friday dropping the market value of the company to $14 billion following the auction of a large block of shares.Canadian fertilizer company Nutrien auctioned its remaining stake in SQM for nearly $1 billion. Reuters reports the nearly 20.17 million B-series shares in SQM sold on Chile...Read More

Gold finds some support from renewed weakness in US real rates.Net long positions in Comex gold continue to be trimmed, the CFTC shows.ETF investors cut their gold holdings in spite of rising risk aversion, FastMarkets shows.Expect modest buying pressure in gold in near term.I am a long BAR, with a very long-term approach. Source: Pinterest. Introduction Welcome to my Gold Weekly. In this report,...Read More

Investing.com - Gold prices inched up on Wednesday, as political uncertainty in Italy continued.Comex gold futures for June delivery were up 0.12% to $1,300.60 a troy ounce as of 10:32 AM ET (14:32 GMT).The price of gold moved higher as Italy’s political crisis deepened. Last minute efforts to form a government seem unlikely, with the prospect of elections in July. Investors fear a snap elec...Read More

Source: Maurice Jackson for Streetwise Reports 05/29/2018Jamie Keech of Capital Exploits talks with Maurice Jackson of Proven and Probable about what he sees as the benefits of investing in Platinum Group Metals.Maurice Jackson: Joining us today is Jamie Keech of Capitalist Exploits. Today we'll be discussing platinum. Jamie, thank you for talking with me today about platinum. First, tell us a...Read More

Just a week after nabbing Drummond East, Pacton Gold has entered into a letter of intent to acquire 100 percent of Gardner Mining's Friendly Creek.Read full newsRead More

The dollar and rates were too much for the yellow metal.Gold declines, but it has not tanked.A seasonal move?The critical levels for gold.A buy when it looks the worst.In 2016, gold traded at its lowest level for the year on the first session in early January. The price traded at a low of $1061 on that day and never looked back closing the year at the $1152 per ounce level. In 2017, we witnessed t...Read More

Two illegal miners from Madondo Village, under Chief Serima in Gutu, were recently found dead in a goldmine where they were prospecting for the precious mineral.Read full newsRead More

A gold exploration proposal near Yellowstone National Park faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife. The ruling released Friday means the Montana Department of Environmental Quality would have...Read full newsRead More

Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), is pleased to announce that it has completed a non-brokered private placement offering (the "Offering"), raising gross proceeds of CA$2,143,050.The net proceeds of the Offering will be used for exploration and development of the Company's Graphite Creek Project and for general working ca...Read More

Bonterra Resources Inc. (TSX: V.BTR, OTCQB: BONXF, Forum) is a well-financed Canadian gold exploration company, currently moving forward with deposit extension and resource expansion, in and around its new high-grade Gladiator Gold Deposit. We are located in the Abitibi Greenston...Read full newsRead More

Investing.com - Gold prices were lower for the second consecutive session on Monday, falling further below the $1,300 level amid waning safe haven demand on the back of easing geopolitical tensions.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.40 or 0.56% to $1,296.40 a troy ounce by 05:03 AM ET (09:03 AM GMT), not far from an overnight low o...Read More

After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois.That day has arrived. Chrusciel, 61, is one of around 500 workers United States Steel Corp is re-hiring or recruiting as it readies for prod...Read More

LAS VEGAS (Reuters) - The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries.The Democratic Republic of Congo (DRC) produces nearly two-thirds...Read More

The Dovish Fed minutes on Wednesday, coupled with President Donald Trump cancelling his much-anticipated historic meeting with North Korean Leader Kim Jong Un yesterday, has sent gold back above the $1300 level. However, with gold becoming over-sold when hitting support near $1280 earlier this week, the inevitable bounce has yet to inspire very much enthusiasm into gold stock investors. This does...Read More

LONDON, May 25 (Reuters) - Gold miner Centamin has made a drastic cut to its full-year production guidance and raised its cost expectations because of lower grade ore at its Sukari mine in Egypt.Gold output in 2018 will now be between 505,000 and 515,000 ounces, compared with a previous forecast of 580,000 ounces, Centamin said in a production update on Friday.Centamin's all-in sustaining cost of...Read More

Chilean President Sebastian Pinera named Juan Benavides, a former chief executive officer of Chile retail leader Falabella, as chairman of the board of directors at Codelco, the world's top copper producer, the government said on Friday.Benavides was currently serving as chairman at Chilean private pension fund manager AFP Habitat.The 60-year-old Benavides had previously led Falabella, one of Lati...Read More