SEOUL (Reuters) - Hyundai Motor Co’s (005380.KS) third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to U.S. recalls and sending its shares tumbling to near nine-year-lows on Thursday.The unexpected costs relating to Hyundai’s engine recalls came on the heels of mounting U.S. pressure to respond to reports of vehicles catching fires.T...Read More
B?-RSE ONLINE: Der Goldpreis hat sich von seinem j? 1/4 ngsten Tief Mitte August wieder etwas erholt, hat seitdem rund f? 1/4 nf Prozent zugelegt. Am Dienstag ging es um rund ein Prozent nach oben, an den Aktienm??rkten st? 1/4 rzten die Kurse ab. Ist Gold wieder die Krisenw??hrung schlechthin? Ronald-Peter St??ferle: Das Gold macht seinem Ruf als Portfolio-Versicherung wieder alle Ehre. Das Edelm...Read More
"German IFO Business Climate (Oct):102.8(est 103, prev 103.7) German IFO Current Assessment (Oct):105.9(est 106, prev R 106.6) German IFO Expectations (Oct): 99.8 (est 100.3, prev R 100.9)"Read full newsRead More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
(Kitco News)- The European CentralBank left interest rates unchanged Thursday and continued to say it will endits monthly asset purchases at the end of the year.The central bank’s GoverningCouncil left the interest rate on the main refinancing operations and theinterest rates on the marginal lending facility and the deposit facility at 0.00%,0.25% and minus 0.40%, respectively.“The Gov...Read More
All markets go through the samephases from consolidation to blow off; the metals are no different. For months,gold languished in the consolidation pattern churning between $1,180-$1,220. Threeweeks ago today, it broke out right to blow off.Since its blow off, gold settledand resolved the blow-off pattern by consolidating once again but at muchhigher levels. The phase that gold missed was the trend...Read More
All markets go through the same phases from consolidation to blow off; the metals are no different. For months, gold languished in the consolidation pattern churning between $1,180-$1,220. Three weeks ago today, it broke out right to blow off. Since its blow off, gold settled and resolved the blow-off pattern by consolidating once again but at much higher levels. The phase that gold missed was the...Read More
The Responsible Artisanal Gold Solutions Forum (Forum), with USAID and local partners, is proud to announce several milestones, including the first conflict-free artisanal gold from the Democratic Republic of the Congo (DRC) exported to U.S. jewelers.Forum member Sasha Lezhnev, Deputy Director of Policy at the Enough Project, said, "This gold proves that it is possible to source conflict-free, res...Read More
Goldcorp Inc. plunged to the lowest since 2002, the steepest decline among gold miners, after the company reported a bigger third-quarter loss than analysts had expected.The Vancouver-based miner posted a net loss of 12 cents a share, compared with the average analysts' estimate of 10 cents compiled by Bloomberg. Operating results were hurt by lower output of all metals from the company's Pe??asqu...Read More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture the perfect stock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands...Read More
A month after announcing it had acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, Canada's First Cobalt (TSX-V: FCC) released a video today aimed at selling high the product of its flagship asset."As federal agencies seek ways to reduce U.S dependency on foreign sources of cobalt, projects such as Iron Creek in mining-friendly Idaho support a strategy to red...Read More
A month after announcing it had acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, Canada's First Cobalt (TSX-V: FCC) released a video today aimed at selling high the product of its flagship asset."As federal agencies seek ways to reduce U.S dependency on foreign sources of cobalt, projects such as Iron Creek in mining-friendly Idaho support a strategy to red...Read More
* LME copper on-warrant inventories tumble to lowest since2005 * Nickel touches lowest since December * Aluminium pulls off six-month low(Updates with closing prices)By Eric OnstadLONDON, Oct 25 (Reuters) - Copper prices bounced on Thursdayfrom two-week lows as a sharp drop in inventories to theirlowest in a dozen years outweighed worries about sliding stockmarkets and the potential for slower glo...Read More
(Adds detail)BEIJING, Oct 25 (Reuters) - China's finance ministry said onThursday it will adjust tax rebates on a wide range of exportproducts including soymeal, a widely used animal feedingredient, from Nov. 1.China is scrapping the soymeal export rebate even as itseeks to reduce consumption of soymeal by its huge livestockherd after slapping a 25 percent tariff on imports of soybeansfrom its No....Read More
* Falling stock markets spur interest in gold * Wall Street suffered worst one-day fall since 2011 * ECB keeps policy unchanged even as growth wanes * Palladium moves away from Tuesday's record high (Updates prices, adds details)By Swati VermaBENGALURU, Oct 25 (Reuters) - Gold edged lower on Thursday,with some investors taking advantage of a recent surge in pricesto lock in profits.Spot gold was d...Read More
BUENOS AIRES, Oct 25 (Reuters) - Argentina's lower house ofCongress approved President Mauricio Macri's austere 2019 budgetbill early on Thursday, a political victory for the first termleader as he tries to make steep spending cuts demanded by theInternational Monetary Fund.The spending plan now goes to the Senate, where it isexpected to be voted on next month. Up for re-election in 2019,Macri neg...Read More
Australia's Lucapa Diamond (ASX:LOM) said Thursday it had received ZAR100 million (about $7 million) from South Africa's IDC - of the largest development financiers in southern Africa - to boost development at its 70%-owned Mothae mine in Lesotho.The company, which commissioned a 1.1 million tonne a year treatment plant at the mine, said the loan will considerably strengthen Mothae's cash posi...Read More