* Specs increase net short positions in gold to highest in 3weeks * Platinum scales more than 4-month peak * GRAPHIC-2018 asset returns: (Recasts, updates prices, adds quotes)By Sumita LayekBENGALURU, Nov 5 (Reuters) - Gold fell on Monday asinvestors took some profits following a rally over the pastweek, but the market is cautious ahead of the U.S. midtermelections this week.Spot gold was down 0.3...Read More
ANKARA, Nov 5 (Reuters) - Turkey has no worries aboutreaching its year-end budget deficit target of 1.9 percent ofgross domestic product, Finance Minister Berat Albayrak said onMonday. Speaking in a broadcast interview on A Haber, Albayrak saidborrowing costs, which at one point hit around 40 percent forcommercial and consumer loans, will fall further with thenormalisation of the economy. (Reporti...Read More
* World stocks fall after four-day rally * Italy leads Europe down as banks slide * Crude slides as waivers dilute Iran sanctions * Investors cautious before U.S. midterms * Sterling jumps on Brexit deal hopes By Helen Reid LONDON, Nov 5 (Reuters) - World stocks slipped on Monday,halting a four-day recovery rally as anxiety surrounding globaltrade conditions and rising U.S. interest rates dampene...Read More
Published 21 Hours AgoUpdated5 Hours AgoReuters Edgar Su | ReutersGold inched lower within a narrow range on Monday ahead of the U.S. congressional elections, which may fuel interest in bullion as a hedge against risk if the result sparks volatility in financial markets.Spot gold was down 0.18 percent at $1,230.21 per ounce, trading in an $8 range. U.S. gold futures settled at $1,232.30 per ounce...Read More
ANKARA, Nov 5 (Reuters) - Turkish authorities have orderedthe arrest of gold trader Reza Zarrab, a prosecution witness inthe New York trial of a Turkish banker, over unlawful buildingwork, Anadolu news agency said on Monday. Zarrab, 34, a dual national of Iran and Turkey, was agovernment witness in the trial of Mehmet Hakan Atilla, a formerdeputy general manager at Turkey's state-owned Halkbank wh...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN Index made a final plunge as low as 1108.56 before it embarked on a powerful turnaround. The Index ended the week at 1151.95 with a 1.5% or 17.5-point gain, as world markets rebounded with gusto.For the last couple of weeks, including in last week's blog post "Dives...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that in preparation for its launch into the United States, it has signed a distribution agreement with Ingram Micro Inc. for its Uniden (R) UV350 in-vehicle 4G/LTE device.Ingram Micro's distribution reach is a key component to Siyata's strategy as they distribute through key...Read More
The Gold Shares ETF is stabilizing above monthly and quarterly value levels of $111.60 and $110.26, respectively.The commodities ETF has a negative weekly chart but is above its "reversion to the mean" and my annual value level.The long dollar ETF has been rising around its "reversion to the mean" since the week of July 30, 2017. Here are the weekly charts for the gold, commodities and dollar exch...Read More
* AngloGold and partner look at selling Sadiola mine in Mali * Sees FY production towards top end of guidance * Shares jump as costs and debt also fall(Recasts with plan to sell Sadiola, adds shares) By Tanisha Heiberg JOHANNESBURG, Nov 5 (Reuters) - AngloGold Ashanti Ltd and its joint venture partner are looking at selling amine in Mali after failing to reach an agreement with the westAfrican cou...Read More
Agnico Eagle CEO Sean Boyd sits down for an in-depth interview with Northern Miner publisher Anthony Vaccaro at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Read More
Prices in the global billet market diverged in the week ended Friday November 2.On one hand, an ongoing increase in import scrap prices in Turkey was rendering support to local and foreign billet suppliers, in the Commonwealth of Independent States in particular. On the other hand, CIS suppliers faced increased freight costs that complicated trading.Besides that, the demand for billet in some mark...Read More
Prices in the global billet market diverged in the week ended Friday November 2.On one hand, an ongoing increase in import scrap prices in Turkey was rendering support to local and foreign billet suppliers, in the Commonwealth of Independent States in particular. On the other hand, CIS suppliers faced increased freight costs that complicated trading.Besides that, the demand for billet in some mark...Read More
Investing.com - Oil traders are likely to stay focused on global supplies in the week ahead, after prices suffered their fourth consecutive weekly loss, pressured by U.S. plans to issue waivers on Iranian crude sanctions.The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, to keep buying Iranian oil after it reimposes sanctions on T...Read More
JERUSALEM, Nov 4 (Reuters) - Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves of natural gas off its Mediterranean coast.It will publish details of the tender by the end of the month and, about half a year later, choose the...Read More
Investing.com - This week precious metals traders will be focused on the U.S. mid-term elections and the Federal Reserve’s November meeting as markets continue to digest Friday’s strong U.S. jobs report.Voters on Tuesday will decide key races in Congress and state governments and the results could influence the Trump administrations ability to pass additional tax and trade reforms.The...Read More
TOKYO, Nov 5 (Reuters) - Japan's benchmark Nikkei average .N225opened down 1.08 percent at 22,002.47 on Monday, while the broader Topix .TOPX shed 0.84 percent to 1,644.88.Read More
A rough-and-tumble October for investors was good for the spot price of gold, which finished the choppy month in the black. It broke off a period of stagnation for the yellow metal that had extended into the fall. Prices have suffered since the late spring on positive economic data and the continued strength of the U.S. dollar.In a rare month, gold equities recorded solid gains. However, there wer...Read More
I'm already fatigued and disgusted with Christmas promotions. They're everywhere now, including every other ad on television. I've come to loathe the holiday season because of the extreme materialism and consumerism into which it has degenerated.That said, Wall Street has overlooked or ignored an interesting aspect reflected in Amazon.com's Q3 earnings circus. Amazon is now desperate to gene...Read More
Planalto Copper Project in northern Brazil.Lara Exploration Ltd. [LRA-TSXV] has signed a letter of intent, granting Capstone Mining Corp. [CS-TSX] the option to earn up to a 70% interest in the company's Planalto Copper Project in northern Brazil.Lara said its exploration work over the past 12 months has yielded a series of very promising drill results from the Homestead target, including hole PDH...Read More
The Mount Newman railway line in Western Australia. Source: BHP Billiton Ltd.BHP Billiton Ltd. [BHP-NYSE; BHPLF-OTCPK] has suspended all iron ore rail operations in Western Australia after a train carrying iron ore took off without the driver on board and travelled across the Pilbara outback before it was stopped early Monday.Local media reports said the train literally ran away after the driver b...Read More