Kitco News wraps up the week with Gary Wagner’s in-depth analysis of the gold market. Wagner says he’ll be looking at silver this week as well because of the metal’s ‘stellar’ performance in the precious metals space. “This rally has a unique characteristic,” he says...
European stocks were seen rising on Monday. Investors hope the reports from U.S. and Europe due in the week will soothe recent worries over the pace of economic growth. Shares in French bank BNP Paribas will be in focus after the U.S. Justice Department's report...
Most Asian markets rose on Monday, taking their lead from U.S. stocks' gains on Friday. Although Wall Street was higher on Friday, they were lower for the week as stocks have stalled near record highs ahead of the coming earnings season...
New home sales in Australia declined for the first time in five months in May, results of a survey by the Housing Industry Association showed Monday. Sales fell 4.3 percent on month in May, marking the first decline since the beginning of the year. Detached house sales decreased 2...
Business confidence in New Zealand declined sharply in June, the latest survey from ANZ revealed on Monday - falling from 53.5 in May to 42.8 in June. Analysts suggest that the Reserve Bank of New Zealand's actions to raise interest rates are primarily responsible for the decline...
Industrial production for May in Japan rose 0.5%. USD/JPY traded at 101.39, down 0.03%. The dollar weakened across the board after the Commerce Department said Wednesday that U.S. gross domestic product contracted at an annual rate of 2.9% in the first three months of the year. U.S...
The USD/CAD pair fell during the course of the week, and in fact close that the very bottom of the range. This of course is a very negative sign, and with that it appears this market is really struggling to find buyers...
The Japanese economy released another set of data this week and confirmed what Bank of Japan Governor Haruhiko Kuroda was talking about when he mentioned that the sales tax increase from 5% to 8% earlier this year is causing economic fluctuations...
Before 330ET, the Nasdaq was the lone survivor in the green this week despite every effort to spark short squeezes and ramps day after day - but that all changed as the ubiquitous late-Friday buying panic occurred of course - lifting stock green for the day (and desperately searching for green on...
The acquisition is motivated by company's plans to expand further into downstream manufacturing while closing unprofitable smelters amid a global oversupply of raw aluminum...
The seed producer announced a $10 billion, accelerated, two-year repurchase plan and intend to buy $6 billion of shares to boost investor returns after ending preliminary talks about a takeover of Syngenta AG that would have cut its taxes...
The average of household spending in Japan was down 8.0 percent on year in May, the Ministry of Internal Affairs and Communications said on Friday - standing at 271,411 yen. That was well shy of forecasts for a decline of 2.1 percent on year following the 4.6 percent contraction in April...
The London Stock Exchange said on Thursday that it had agreed to pay $2.7 billion in cash for Russell Investments, the owner of the Russell 2000 stock market index. The acquisition, according to the exchange, will build upon the L.S.E...
The latest U.S. consumer spending data released on Thursday fell short of expectations. The revision prompted some analysts to cut their forecasts for U.S. growth, and reinforced a view that the U.S. Federal Reserve should be in no hurry to tighten policy...
Gold rose toward a two-month high since 2011, investors assessed the outlook for U.S. borrowing costs. Silver climbed to the highest level since March. Bullion for immediate delivery added as much as 0.4 percent to $1,321.51 an ounce, and traded at $1,319.55 by 2:19 p.m...
Figures from China's National Bureau of Statistics showed on Friday industrial profits rose in May, although at a slower rate than in the previous month. The growth in industrial profits slowed to 8.9 percent on year in May after profits surged 9.6 percent in April...
Portugal wants to sell dollar-denominated bonds for the first time in four years, as said the head of the country's debt agency...
The Dubai Financial Market has been taking a beating for weeks, and news of firings at Arabtec (ARTC:UH), the United Arab Emirates’ largest listed builder, caused a new round of panic yesterday. Shares in the stock exchange fell 6.7 percent, to 4,009...
GOLD TECHNICAL ANALYSIS Gold may be primed for a push higher given signs of an uptrend have emerged on the daily chart. A break above several resistance levels and spike in volatility also suggests the potential for further gains...
