Gold still has support from equity market and political uncertainty.Rising interest rates are keeping a lid on gold prices, however.Latest show of immediate-term weakness in dollar index is constructive.The return of a "risk-on" stance among equity investors and rising Treasury yields continue to weigh against gold in the immediate term. As we'll discuss in today's report, however, not all the new...Read More
JAKARTA - Indonesia's South Sumatra province plans to ban coal transporters from using public roads from Nov. 8, an industry association said, in a move estimated to cut the province's annual coal sales by 23 million tonnes.Indonesia is the world's top thermal coal exporter, and South Sumatra's total output of the fuel this year was expected to be 48.5 million tonnes, the Indonesian Independent Po...Read More
(Kitco News)- A shift in the political landscape following Tuesday’s midtermelections in the U.S. is only having a material impact on gold prices as the U.S.dollar loses some momentum.As many political pundits expected, the Democratic Party regainedcontrol over the House and the Republican Party retained control over theSenate, expanding their majority by five seats. While the U.S. dollar is...Read More
(Kitco News) - A shift in the political landscape following Tuesday’s midterm elections in the U.S. is only having a material impact on gold prices as the U.S. dollar loses some momentum.As many political pundits expected, the Democratic Party regained control over the House and the Republican Party retained control over the Senate, expanding their majority by five seats. While the U.S. doll...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More
BERLIN/LONDON (Reuters) - Stymied at home by Democrats determined to subvert his domestic agenda, President Donald Trump could double down on his disruptive foreign policy in the years ahead, with conflicts over trade a particular concern, politicians, diplomats and analysts in Europe said.Democrats wrested control of the U.S. House of Representatives from Trump’s Republicans in midterm elec...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
After a surge in prices last year, enthusiasm for cobalt has been fading, partly because of a surge in new supply. But sentiment could be changing after Glencore's unit in the Democratic Republic of Congo suspended cobalt sales after detecting low levels of radioactivity.Glencore Plc's sudden discovery that some of its cobalt is radioactive could not have come at a better time."It's nice to finall...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), announces that it has issued a convertible unsecured promissory note (the "Note"). The Note has an outstanding principal amount of CAD$275,000, accrues interest at a rate of 12% per annum, matures 36 months from the date of issuance, and is convertible, from time to time, in whole or in part, into...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
INFN hit a record low out of the gateOptical networking equipment concern Infinera Corp. (NASDAQ:INFN) is suffering a massive sell-off in early trading, after being pummeled with bear notes following the company's third-quarter revenue miss and disappointing fourth-quarter profit outlook. No fewer than three brokerage firms have slashed their price targets on the stock, including a notable drop t...Read More
TALLAHASSEE, Fla. (Reuters) - Democrats won governorships on Tuesday in several U.S. states that supported Republican President Donald Trump in 2016 but lost high-profile races in Florida and Ohio, as voters cast ballots in dozens of gubernatorial contests across the country.The hotly contested race in Georgia, where Democrat Stacey Abrams was seeking to become the first black woman to be elected...Read More
Quarterly revenue fell short of expectations and same-store sales slumpedThe shares of Michael Kors Holdings Ltd (NYSE:KORS) have plunged 16% to trade at $48.50 -- fresh off a new annual low of $47.47. Although the retailer said fiscal second-quarter adjusted earnings arrived at $1.27 per share, more than analysts were expecting, the $1.25 billion in revenue it earned over the three-month period f...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
(Reuters) - U.S. Representative Steve King, an Iowa Republican, won re-election late Tuesday despite publicly losing a corporate supporter shortly before Election Day and being criticized by some within his own party for inflammatory remarks on immigration and race.Just days before the Nov. 6 elections, agricultural dairy cooperative Land O’Lakes pulled its support for King, saying it sought...Read More
Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More
Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More
Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More
Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an in...Read More