The Indonesian unit of U.S. miner Freeport McMoRan Inc can continue to export copper concentrate even if negotiations over the company’s permit to operate the giant Grasberg mine are not resolved this month, a mining ministry official said. In April, the government awarded Freeport a permit to export 1.1 million tonnes of copper concentrate until […]
Silver markets rallied a bit after initially falling on Friday as we continue to see a lot of volatility. It looks as if the $16.65 level is going to continue to hold for the short-term, but the longer term charts are looking a bit soft. Because of this, I think it’s only a matter of […]
Steven McKinney, a former chair of the American Bar Association's section on environmental energy and resources, has been charged with fellow Balch & Bingham partner Joel Gilbert and a coal mining company executive in an alleged bribery scheme involving former Alabama state Rep. Oliver Robinson Jr.
From Jordan Roy-Byrne: In recent weeks both metals and miners have declined somewhat sharply after reaching resistance. Gold peaked just below major resistance near $1375/oz and GDX, the biggest ETF for gold miners peaked at its October 2016 and February… Read more ›
By Chuck Mikolajczak NEW YORK (Reuters) – Wall Street dipped on Monday, as a selloff in technology shares weighed heavily on the Nasdaq, while the most recent statement from North Korea’s to Washington added to a cautious tone. North Korea’s foreign minister said President Donald Trump had declared war on the country and it reserved […]
An official reveal is right around the corner.
After a war of words between Stephen Curry and President Donald Trump, it looks like the…
U.S. Treasury and gold prices rose while the Japanese yen strengthened on Friday as a fresh exchange of barbs between North Korea and the United States fueled geopolitical concerns. North Korea said it …
From Mike Burnick: Our Edelson Institute cycles forecasts are right on — again. Earlier this year, they signaled the recent gold surge. More recently, they nailed the gold price correction underway. And I have every reason to believe that our… Read more ›
US Federal Reserve keeps interest rates unchanged and sets October date for balance sheet reduction Dollar lifts against pound on Fed announcement, with sterling down 0.7pc against the greenback and the euro down 1.04pc against the dollar European stock indices finish stuck in flat territory ahead of crucial Fed meeting; Spanish stocks sold off on Catalonia chaos 8:35PM Next […]
December Comex Gold futures are trending lower on Monday shortly before the regular session opening. Prices fell to their lowest level in over two weeks as the dollar and equities rallied. Gold prices have been under pressure lately with investors dismissing geopolitical risks and instead focusing on the possibility of rate hikes from the European […]
Elon Musk's Angry Customer Twitter Thread Is a Gold Mine of Customer Service Advice
FTSE 100 rebounds as the pound's momentum slows on the currency markets BAE Systems jumps 2.9pc on Qatar Typhoon jet order; gold producers Fresnillo and Randgold Resources fall as precious metal prices continue to retreat Pound slips from highs recorded last week after the Bank of England gave its strongest hint yet that interest rates will rise before the […]
Sep.05 — Bloomberg's Mark Cranfield reports on the performance of safe haven assets. He speaks on "Bloomberg Markets."
Stocks and the dollar fell on Monday while the Japanese yen, gold and sovereign bonds rose after North Korea’s most powerful nuclear test to date dampened investor appetite for risk. Sunday’s test, and reports from Seoul that Pyongyang was preparing for another missile launch, sparked warnings from Washington and drove South Korea’s stock market (.KS11) […]
U.S. crude oil prices edged higher on Monday while gasoline prices slumped to pre-Hurricane Harvey levels, as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply concerns. crude futures were 8 cents higher at $47.37 per barrel at 1351 EDT (1751 GMT) as U.S. demand recovered after being hit by […]
JOHANNESBURG/BENGALURU, Sept 4 (Reuters) – Acacia Mining said on Monday it would stop underground work at its flagship Tanzanian gold mine and cut its production guidance in the face of a confrontation between the industry and the government. Acacia, majority-owned by Barrick Gold, said it would have to scale back operations at Bulyanhulu mine and […]
Brent crude oil futures were flat at $52.75 by 1340 GMT, paring earlier losses after a powerful North Korean nuclear test triggered a shift away from crude markets to assets perceived to be safer, such as gold. U.S. West Texas Intermediate (WTI) crude futures, however, were up 34 cents at $47.63 barrel as U.S. demand, […]
From Jordan Roy-Byrne: Gold cleared $1300 early in the week and padded its gains on Friday even amid a bullish weekly reversal in the US Dollar. Gold’s breakout was validated by a strong monthly close on Thursday and then a… Read more ›
The Japanese yen, gold and sovereign bonds all rose early on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens, while futures pointed to a difficult day for global equities. The dollar was marked down as deep as 109.22 (JPY=) yen at the opening, off a whole yen from […]
Gold prices had a very strong month in August and it managed to close the month at its highs as global risks and uncertainties gripped the markets and this led to the migration of funds from the stock markets and other risky assets into the safe havens like gold and silver. Also, the dollar continued […]