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The Alaska LNG project faced an uphill battle, with many supermajors even abandoning the venture, but now it has finally been cleared for takeoff
Investing.com - Oil prices rose sharply on Friday, with Brent futures settling at their highest level in two weeks as traders focused on rising geopolitical risks in the Middle East, while gains in U.S. equity markets also boosted crude prices.
The recent rally has been supported by strong demand in the spot market. This demand has started to drop and will continue to fall as the weather improves. This should keep a lid on rallies.
The major market driving events this week will be the Federal Open Market Committee’s (FOMC) Economic Projections, FOMC Statement, Federal Funds Rate decision and FOMC Press Conference.
A relatively hawkish Federal Reserve stance is likely to undermine gold with a test of the $1,300 support area and potential sell stops on any break lower.
Gold finished lower on Friday while posting its biggest weekly decline in three weeks on pressure from a stronger U.S. Dollar and expectations that the U.S.
Auriant Mining AB (publ)’s (OM:AUR): Auriant Mining AB (publ), a junior mining company, explores for and produces gold in Russia. The KR147.07M market-cap company announced a latest loss of -KR19.11MRead More...
Alt coins suffered during the week as both Bitcoin and Ethereum softened up yet again. Because of this, we cannot pick up the necessary momentum to go higher, and these minor markets will of course continue to be influenced by what goes on in the major ones.
Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said on Friday. Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years, but Boubou Cisse told reporters during a joint news conference with an International Monetary Fund mission that the government aimed to reduce those protections to the lifespan of the mine.
Gold prices moved lower sliding through support levels, as a stronger dollar eroded the value of the yellow metal. This comes despite a softer than expected housing starts report, which weighed on U.S. yields. Softer than forecast inflation data reported in the Eurozone on Friday, paved the way for lower gold prices. Gold prices edged through an upward sloping trend line which is now seen as short-term resistance near 1,316.
Gold settled at its lowest level in just over two weeks on Friday, losing roughly 0.9% for the week. Dollar-denominated prices for the metal traded inversely with the dollar ahead of Wednesday's Federal ...
George Peabody’s incredible 19th-century wealth and business empire gave rise to the likes of JP Morgan and other massive banking institutions. Yet even his outsized influence on the modern financial world was eclipsed by his reputation as one of history’s pioneering philanthropists. He is said to have gifted $9 million of his over $16 million…
During just 16 days in 1936, Adolf Hitler reinvigorated the Nazi party in one of his most successful propaganda coups—hosting the Olympic games in Berlin. Using the sporting event as a platform to shape the party’s image in a more favorable light, Hitler had “every reason to be satisfied” after he and Nazi officials charmed…
Considering its recent bounce off the $1313.50-$1312.50 horizontal-region, the Gold prices are likely heading towards a month-old descending trend-line resistance of $1326. Should the yellow metal clears the TL barrier of $1326, it can quickly rise to $1330 and then to the $1332, which if broken may help buyers to aim for $1340-41 resistance-zone. On the contrary, break of $1312.50 can reignite the importance of $1307 & $1302 ahead of highlighting the $1300 round-figure on the chart. ...
Mining stocks’ correlations with gold are crucial because gold is the big brother of precious metals. The movements in the remaining three precious metals—silver, platinum, and palladium—mostly depend on gold’s movements. For our correlation analysis, we’ll look at First Majestic Silver (AG), B2Gold (BTG), Royal Gold (RGLD), and Goldcorp (GG). Mining-based funds also have high correlations with precious metals.
Of late, the most crucial factors affecting gold prices are the US dollar and the potential change in the US interest rate. Precious metals are highly sensitive to movements in Treasury rates, as gold and Treasuries are competitors as haven assets. As investors await the Federal Reserve’s meeting in a few days, there’s a high chance that the interest rate will rise.
All four precious metals witnessed a slump in their prices on March 15, 2018. The US dollar has been instrumental in pulling these precious metals lower. A country with a high interest rate should expect its currency to appreciate.
MUMBAI/BENGALURU (Reuters) - Weaker demand in India prompted gold dealers to offer discounts for a second week straight, as a drop in local prices to 2-week lows and a festival failed to lure buyers. Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week. The domestic price includes a 10 percent import tax.
Investing.com - Crude oil prices held steady on Friday, as ongoing concerns over global output overshadowed upbeat demand predictions.
The major theme this week has been the potential for rising supply to overwhelm the expected gains in crude demand for 2018.
Alt coins continue to be noisy, but during the trading session on Thursday we had a bullish run after initially dropping. I think that we ended up forming a nice fractal that the market may pay attention to but paying attention to the major currencies is going to be the way to go.
The Vancouver, British Columbia-based company said it had a loss of 3 cents per share. The gold mining company posted revenue of $59.6 million in the period. For the year, the company reported net income ...
Gold held by Venezuela's central bank fell 14 percent in value in 2017 compared with the previous year, according to the bank's financial statement. Gold represents just under 70 percent of the bank's international reserves, which at the end of 2017 totaled $9.665 billion. The fall comes amid a major economic crisis in Venezuela, with millions suffering food shortages and the government struggling to import basic products.