(Kitco News) – Gold will fall to $1,250 an ounce by the end of the year on stronger U.S. dollar, but the move will be a temporary one, as the precious metal is due for a rally in 2019, said one analyst at ABN Amro. “I’ve been negative on gold for some time, so the […]
OSLO (Reuters) – Norway’s $1 trillion wealth fund voted against a motion at Shell’s annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to…
FRANKFURT (Reuters) – Deutsche Bank plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday.
(Kitco News) – Gold prices are near steady in afternoon U.S. trading Wednesday, in the wake of the just-released FOMC minutes that were deemed as tilting barely toward the dovish camp on monetary policy. June Comex gold futures were last down $0.30 an ounce at $1,291.70. July Comex silver was last down $0.14 at $16.435 […]
(Kitco News) – Gold prices trimmed daily losses after Federal Reserve’s May meeting minutes signaled a rate hike in June. The minutes showed that most Federal Reserve policymakers viewed another interest rate hike as being warranted “soon,” if the U.S. economic outlook holds up. “Most participants judged that if incoming information broadly confirmed their current […]