New Gold Rush Hits California After Damaging Winter Floods
A tough California winter has triggered a surprising summer gold rush for residents living near the Oroville Spillway crisis, as weeks of heavy rains during the winter months stirred up gold flakes and nuggets along the rivers that the spillway impacte…
Read moreGold To Gain From Weaker USD As Chaos Rules Washington Next Week – Analysts
(Kitco News) – Gold investors will want to pay more attention to political turmoil in Washington D.C. as this could have more impact on the U.S. dollar and the yellow metal than the Federal Reserve’s interest rate decision.
Wall Street, Main Street Agree: Gold Rally To Continue
Wall Street and Main Street alike look for gold’s resurgence to continue next week, based on voting in the weekly Kitco News gold survey.
Premier Gets TSX Go-Ahead For Share Purchases
Premier Gold Mines Ltd. (TSX: PG) has received approval from the Toronto Stock Exchange to purchase up to 19,599,646 of its outstanding common shares under a “normal course issuer bid.”
Alacer Gold Completes Hedging Program For Turkish Lira
Alacer Gold Corp. (TSX, ASR, ASX: AQG) has completed currency hedging to limit exposure to volatility in the Turkish lira, thereby providing a degree of financial stability, the company says.
Read moreGold At 3-Week High Amid Assault On Greenback
Gold prices are moderately up and scored a three-week high in early U.S. trading Friday.
Read moreLaSalle’s Nedoss: Gold ‘Looks Like It’s Turned Around’ On Technical Charts
Charlie Nedoss, senior market strategist with LaSalle Futures Group, points out that a number of technical-chart factors suggest strength in Comex gold.
Read moreHoneywell tops sales and profit estimates, raises full-year sales outlook
Aerospace and defence giant Honeywell International Inc. HON, -0.88% said Friday it had net income of $1.39 billion, or $1.80 a share, in the second quarter, up from $1.319 billion, or $1.70 a share, in the year-earlier period. Sales rose to $10.08 billion from $9.99 billion. The FactSet consensus was for EPS of $1.78 and sales of $9.88 billion. “Earnings came in at the high end of our guidance range, up 10% year-over-year,” Chief Executive Darius Adamczyk said in a statement. “We continued our investments to enhance future profitable growth through new product introductions, additions to the sales organization, and more than $115 million of restructuring funding in the quarter, made possible by a lower-than-planned tax rate.” The company raised its full-year sales guidance to a range of $39.3 billion to $40.0 billion, compared with a current FactSet consensus of $39.4 billion. It raised its full-year EPS outlook to a arnge of $7.00 to $7.10, compared with a current FactSet consensus of $7.08. Shares were slightly lower premarket, but have gained 16.5% in 2017, while the S&P 500 has gained 10.5%.
Hackers Steal Staggering $32 Million In Ethereum
In a massive security breach on Wednesday, hackers got their hands on 153,000 units of cryptocurrency ethereum, worth around $32.6 million.
Read moreGold Hits 3-Wk High, Lifted By Dovish Draghi, Depreciating Dollar
Gold prices were ending the U.S. day session moderately higher and scored a three-week high Thursday.
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