Global stocks shake off stimulus doubts, gold goes wild

Global stocks shake off stimulus doubts, gold goes wild

Stock markets held their own on Wednesday after doubts emerged about fresh U.S. stimulus, while it was another wild day for gold and silver and a tough one for Turkey's troubled lira.
August 12, 2020 at 02:13 pm
Gold accelerates higher on fragile economic recovery hopes

Gold accelerates higher on fragile economic recovery hopes

Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging virus cases continue to pummel the U.S. economy.
August 06, 2020 at 08:13 pm
Gold strides further above $2,000/oz, dollar weakens

Gold strides further above $2,000/oz, dollar weakens

Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on...
August 05, 2020 at 07:28 pm
Gold surge, Hastings buyout lift London stocks ahead of BoE meeting

Gold surge, Hastings buyout lift London stocks ahead of BoE meeting

Surging prices for gold and other metals and a $2.2 billion buyout offer for Hastings Group saw London's mid-cap index post its best session in seven weeks on Wednesday, with some upbeat earnings and...
August 05, 2020 at 05:26 pm
Cheaper cocoa may not be a recipe for lower chocolate prices

Cheaper cocoa may not be a recipe for lower chocolate prices

Chocolate fans will not necessarily benefit from predictions of a fall in cocoa prices this year. A Reuters poll of London cocoa futures published on Monday forecast cocoa would cost 10% less at the...
August 03, 2020 at 04:46 pm
Investor gold rush in the west offsets collapse of Asian market - WGC

Investor gold rush in the west offsets collapse of Asian market - WGC

A record-breaking flood of gold investment that has driven prices to all-time highs was not enough to stop a collapse in jewellery sales from cutting global demand for the metal by 6% in the first...
July 30, 2020 at 03:23 am
Equities dip, safe havens rise as U.S. stimulus talks stall

Equities dip, safe havens rise as U.S. stimulus talks stall

An impasse in U.S. economic stimulus negotiations and mixed corporate earnings reports in Europe pushed global equities lower and sent investors into safe-haven assets like government bonds and gold,...
July 28, 2020 at 07:07 pm
Gold eyes $2,000 mark in speedy record-breaking run

Gold eyes $2,000 mark in speedy record-breaking run

Gold's record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19's global economic toll, as reflected in dollar weakness,...
July 27, 2020 at 05:58 pm
Workers, Antofagasta reach labor deal at Chile´s Zaldivar copper mine, strike averted

Workers, Antofagasta reach labor deal at Chile´s Zaldivar copper mine, strike averted

The union of workers at Antofagasta´s Zaldivar copper mine in northern Chile told Reuters it had reached a contract deal with the Chilean-based miner, averting the risk of a walk-off. ...
July 25, 2020 at 05:47 pm
Shares retreat globally on U.S.-China tensions, gold soars

Shares retreat globally on U.S.-China tensions, gold soars

Shares worldwide skidded further on Friday as a pickup in U.S. and European business activity did little to ease jitters about rising U.S.-China tensions, while gold broke above $1,900 an ounce on its...
July 24, 2020 at 09:24 pm
Shares retreat globally on U.S.-China tensions, gold soars

Shares retreat globally on U.S.-China tensions, gold soars

Shares worldwide skidded further on Friday as a pickup in U.S. and European business activity did little to ease jitters about rising U.S.-China tensions, while gold broke above $1,900 an ounce on its...
July 24, 2020 at 09:21 pm
Shares retreat globally on U.S.-China tensions, gold soars

Shares retreat globally on U.S.-China tensions, gold soars

Shares worldwide skidded further on Friday as a pick-up in U.S. and European business activity did little to ease investors' jitters surrounding Sino-U.S. tensions, while gold kept marching toward a...
July 24, 2020 at 02:13 pm
Thai coconut milk maker says monkey labour accusation slashed sales

Thai coconut milk maker says monkey labour accusation slashed sales

Thai coconut milk producer, Theppadungporn Coconut, suffered a sharp drop in sales after an animal rights groups accused the industry of using monkey labour, an executive said, adding it was auditing...
July 23, 2020 at 01:38 pm
Fear factor:  Investors rush into gold and other havens as stocks near highs

Fear factor: Investors rush into gold and other havens as stocks near highs

Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent...
July 22, 2020 at 04:16 pm
Silver refuses to be left behind by gold's bull run

Silver refuses to be left behind by gold's bull run

Silver prices have risen around 15% this week to seven-year highs that some analysts see as the start of a bull run powered by low interest rates, resurgent investment demand, disrupted production and...
July 22, 2020 at 01:11 pm
Alibaba Health Information Technology :  Want to make profits from coffee in China? It's actually a grind

Alibaba Health Information Technology : Want to make profits from coffee in China? It's actually a grind

Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still be in business.
July 22, 2020 at 01:24 am
Platinum and palladium will creep higher as auto sector returns to life - Reuters poll

Platinum and palladium will creep higher as auto sector returns to life - Reuters poll

Analysts and traders have cut their forecasts for autocatalyst metals platinum and palladium as the coronavirus outbreak curtails vehicle sales, but they still expect prices for both to rise gradually...
July 21, 2020 at 11:11 am
Torrent of gold from Switzerland to the U.S. starts to ebb

Torrent of gold from Switzerland to the U.S. starts to ebb

The volume of gold moving from Switzerland to the United States to satisfy demand from investors seeking a store of value fell from record levels in June, with shipments dropping by almost half to...
July 21, 2020 at 09:43 am
HP Enterprise to buy Silver Peak for about $925 million

HP Enterprise to buy Silver Peak for about $925 million

Hewlett Packard Enterprise Co said on Monday it would buy Silver Peak, a California-based developer of tools to enhance the performance of wide area networks, for about $925 million in cash....
July 13, 2020 at 11:21 am
Gold :  storms past $1,800 towards new record high

Gold : storms past $1,800 towards new record high

By Peter Hobson Gold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold...
July 08, 2020 at 04:38 pm