WASHINGTON (Reuters) - The United States said on Friday it will temporarily spare eight jurisdictions from U.S. Iran-related sanctions, allowing them to keep importing Iranian oil after U.S. economic penalties come back into effect on Monday.U.S. Secretary of State Mike Pompeo, who announced the decision in a conference call, did not name the jurisdictions, but he said that the European Union as a...Read More
WARSAW (Reuters) - Germany and Poland want Britain and the European Union to agree on an orderly divorce process over the next few days, Chancellor Angela Merkel said on Friday, warning that a lot of work remained to be done before a final deal is reached.“Over the next few days, and I have to say we don’t have many days left, we want to agree an orderly process with Britain for when B...Read More
MUMBAI/BENGALURU, Nov 2 - Physical gold demand in India was lacklustre this week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away.Prices in India, the second biggest gold consumer after China, held near 33,000 Indian rupees per 10 grams, the highest since September 2013, ahead o...Read More
MUMBAI/BENGALURU, Nov 2 - Physical gold demand in India was lacklustre this week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away.Prices in India, the second biggest gold consumer after China, held near 33,000 Indian rupees per 10 grams, the highest since September 2013, ahead o...Read More
All three indexes started the session in positive territoryThe Dow Jones Industrial Average (DJI) jumped nearly 200 points at the open on trade optimism and a strong October jobs report. However, the White House's denial that a U.S.-China trade deal is in the works and a sharp post-earnings sell-off for Apple (AAPL) stock has pulled the Dow into negative territory, with the S&P 500 Index (SPX) an...Read More
The proposed Barrick/Randgold merger, assuming it is implemented, will likely lead to a positive re-rating of the whole sector.Randgold's management has been brought in by Barrick in an attempt to change the latter's management philosophy for the better.Barrick shareholders may not be happy with a greater involvement in Africa, but Randgold has seen over a decade of virtually uninterrupted...Read More
TOKYO, Nov 2 - Japan's top steelmaker Nippon Steel & Sumitomo Metal reported a 4 percent fall in recurring profit for April-September due to rising costs and slower-than-expected output, but it stuck to its full-year forecast."Domestic steel demand is expected to remain healthy, but we see growing uncertainty over an impact on (the) global economy from US-China trade frictions," Nippon Steel Execu...Read More
ST. LOUIS, Mo. (Reuters) - Bayer AG’s chief executive said this week the company might consider settling lawsuits over Monsanto’s glyphosate-containing weed-killers depending on how high court costs rise, but stressed it remained focused on defending the combined company against claims they cause cancer.Bayer acquired Monsanto this year for $63 billion.“If we can settle nuisances...Read More
(Kitco News)- Wall Street looks for gold prices to rise next week, although many in the weekly Kitco News gold surveyalso described themselves as neutral at the moment due to uncertaintysurrounding U.S. midterm elections on Tuesday.Main Street remainedbullish.The Republicans are seenmaintaining control of the U.S. Senate, but news reports suggest Democrats havea chance to take control of the House...Read More
(Kitco News) - Wall Street looks for gold prices to rise next week, although many in the weekly Kitco News gold survey also described themselves as neutral at the moment due to uncertainty surrounding U.S. midterm elections on Tuesday.Main Street remained bullish.The Republicans are seen maintaining control of the U.S. Senate, but news reports suggest Democrats have a chance to take control of the...Read More
MOSCOW, Nov 2 - Russian steelmaker MMK reported its strongest quarter in a decade on Friday but it postponed the relaunch of steel production in Turkey and warned that falling prices could hit profits in its final quarter.The relaunch of hot-rolled steel production at its Turkish site was delayed earlier this year due to rising trade tensions and a surge in protectionist measures.MMK's third-quart...Read More
...the French megabanks are on the hook!Read full newsRead More
WASHINGTON (Reuters) - President Donald Trump’s bet that tax cuts and a gush of government spending would smooth the path to a second term may falter as cracks begin to appear in a decade-old recovery.After a nine-year bull run, stocks have wobbled. Capital investment has recently weakened despite a corporate tax cut meant to boost it. Home sales have softened for several months running, and...Read More
WASHINGTON (Reuters) - The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday.The total was a slight uptick in activity for the SEC, which reported just 754 actions in fiscal 2017 totaling $3.7 billion in disgorgement and penalties.“...Read More
Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today's article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market.Elections are approaching the US again. Two years after Donald Trump was elected as POTUS, American voters go to th...Read More
"#FF Must-Follow for great entertainment:@StockCats @RampCapitalLLC @Stalingrad_Poor @QTRResearch @FedPorn @RudyHavenstein @russian_market @Hipster_Trader @jfahmy"Read full newsRead More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More
A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More