|Day's Range||N/A - N/A|
Investing.com - Gold prices were little changed on Monday, hovering close to two-week lows as traders began to focus on this week's Federal Reserve monetary policy meeting.
TORONTO (Reuters) - Canada's main stock index fell on Monday to a 10-day low, pressured by a nearly 2 percent drop in energy shares, while technology also lost ground as a plunge in Facebook shares weighed on investor sentiment. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 121.94 points, or 0.78 percent, at 15,589.39. Eight of the index's 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Peter Cooney)
Futures pointed to a lower opening for Canada's main stock index on Monday as markets remained nervous ahead of a U.S. central bank meeting later this week. While it is near certain that the Federal Reserve ...
Switzerland's highest court has upheld the seizure of $1.85 million (£1.32 million) in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto (RIO.L) mining project, a ruling showed. The Swiss Office of the Attorney General (OAG) also confirmed it has an ongoing criminal investigation in which prosecutors contend one of the seized accounts was used to transfer $10 million to the ex-minister, Bayartsogt Sangajav. Anti-graft authorities in Mongolia are investigating the country's 2009 investment pact with Rio Tinto, signed by Bayartsogt, that kickstarted the British-Australian company's Oyu Tolgoi copper-gold project in the Gobi desert.
Switzerland's highest court has upheld the seizure of $1.85 million in Swiss bank accounts, part of a corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto mining project, a ruling showed. The Swiss Office of the Attorney General (OAG) also confirmed it has an ongoing criminal investigation in which prosecutors contend one of the seized accounts was used to transfer $10 million to the ex-minister, Bayartsogt Sangajav.
Investing.com - Gold prices were hovering at 2-week lows on Monday, as the U.S. dollar regained some strength ahead of this week's Federal Reserve policy meeting, although ongoing U.S. political woes were expected to limit the greenback's gains.
The G20 meetings will get underway in Buenos Aires, Argentina. Trade and politics will be highlighted and prove important for global investors sentiment.
The U.S Dollar remains strong versus the Euro and Pound. However, the Yen has been gaining as the political crisis surrounding Prime Minister Abe grows in scope.
Investing.com – Gold prices edged lower on Monday as the dollar stayed firm ahead of the Fed meeting later this week.
Investors will also continue to monitor the turmoil in the White House and a possible announcement of tariffs against China. These events have the potential to create volatility which could drive up demand for the safe haven Japanese Yen.
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 ...