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(Kitco News) – Gold prices remain relatively unchanged on the day following a weaker-than-expected reading in preliminary U.S. manufacturing and service data.
Read moreComex gold still has a “constructive” technical posture, especially as long as the June futures remain above their 10-day moving average around $1,279.60 an ounce, says Charlie Nedoss
Read moreGold prices are slightly higher in early U.S. trading Friday, as traders are edgy ahead of a weekend French presidential vote and still-heightened geopolitical tensions.
Read moreHoneywell International Inc. HON, +0.84% said Friday it had net income of $1.332 billion, or $1.71 a share, in the first quarter, up from $1.216 billion, or $1.56 a share, in the year-earlier quarter. Excluding divestitures, per-share earnings came to $1.66, ahead of the FactSet consensus of $1.62. Sales edged down to $9.492 billion from $9.522 billion, but were also ahead of the FactSet consensus of $9.328 billion. Chief Executive Darius Adamczyk said all businesses contributed to higher earnings. “The commercial aftermarket within aerospace and the global distribution business within home and building technologies remained strong,” he said. Performance materials and technologies were boosted by demand for Solstice low-global warming products, he said. The company is now raising the low end of its full-year outlook by 5 cents and expects EPS of $6.90 to $7.10. Shares rose 1.6% premarket, and are up 7% in 2017, while the S&P 500 SPX, +0.76% gained 5%.
Read moreAs North Korean state media threatens to launch a “super-mighty preemptive strike,” that would reduce South Korea and the United States “to ashes,” Gordon Chang, author of the 2006 bestseller ‘Nuclear Showdown: North Korea Takes on the World,’ says there are “bad signs” going forward.
Read morePalladium prices jumped more than 3% on Thursday and were likely driven by increased interest in auto stocks as well as technical buying, according to analysts.
Read more(Kitco News) – Interest in the mining sector is growing and according to organizers of the Europe’s largest mining and resource conference, now is the time to jump into the market.
Read moreGold prices were ending a quieter U.S. day session slightly lower Thursday, as trader and investor attitudes have improved a bit this week, as evidenced by gains in most world stock markets.
Read moreGold prices have erased modest early losses and are trading near the session highs as traders once again bought the overnight dip in prices.
Read moreNewmont Mining Corp. (NYSE: NEM) Thursday announced plans to build a new underground mine and expand plant capacity by more than 50% at its Ahafo operations in Ghana.
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