Gold

Precious-gold Extends Losses To Two-week Low As Dollar Rises

... low (Updates prices; adds comment, second byline, NEW YORK dateline) By Marcy Nicholson and Pratima Desai NEW YORK/LONDON, Jan 26 Gold fell to a two-week low on Thursday as the dollar firmed and equity markets rallied, but expectations that the greenback's climb may be coming to an end helped limit losses. Spot gold prices were down 1 percent at $1,187.93 an ounce by 3:02 p.m. EST (2002 GMT), after tapping $1,184.03, its lowest since Jan. 11. U. S. gold futures settled down 0.7 percent at $1,189.80. A stronger U. S. currency makes dollar-denominated commodities more expensive for holders of other currencies, potentially curbing demand. "The dollar is a little bit stronger this morning, yields are up a bit and that's why gold is below $1,200," said Julius Baer analyst Carsten Menke. U. S. Treasury yields later weakened, but the general strength in equities and yields have been fueled by U. S. President ...

Gold Retreats After Notching Nearly 10-week High

... two trading sessions lifted prices to their highest settlement in nearly 10 weeks on uncertainty for trade and economic policy under the Trump administration. The U. S. dollar strengthened a bit, putting pressure on dollar-denominated prices for the yellow metal and an analyst warned that gold demand from China soon ease as the nation gears up to celebrate the Lunar New Year holiday this weekend. Gold for February delivery GCG 7, -0.54%  fell $4.80, or 0.4%, to settle at $1,210.80 an ounce after climbing roughly 0.9% Monday to settle at $1,215.60—its highest finish since Nov. 17, according to Fact Set data. March SIH 7, -0.74%  ended nearly flat at $17.185 an ounce. Read: Biggest gold mining scandal in history gets Hollywood treatment. Gold prices have posted gains in each of the past four weeks. They are “starting to positively react to the statements and handlings” of the new U. S. President Donald Trump, as he exits the Trans-Pacific Partnership and looks to renegotiate the [North American Free Trade Agreement, Nico ...

Gold, Amber And Bronze Treasures Found In Iron Age Grave

... NYU. When not writing, you'll find Laura playing Ultimate Frisbee. Follow Laura on Google+. Laura Geggel, Senior Writer on. previous | next. Ancient treasures. Credit: Copyright Landesamt für Denkmalpflege Baden-Württemberg/Antiquity Publications Ltd. Nearly 2,600 years ago, the Celts buried a woman in a grave that was brimming with treasures. It held jewelry made of gold, amber and bronze; bracelets carved from black stone; horse armor fashioned out of bronze and boar tusks; and furs and textiles piled high, indicating that the woman held an elite social status, archaeologists said. In addition, the presence of a petrified sea urchin and an ammonite in the grave suggest that the woman may have worked as a priestess, the archaeologists said. The Iron Age burial dates to 583 B. C. [ Read the full story about the treasure-filled grave ]. Treasure map. Credit: Google Earth. Archaeologists uncovered the grave in Heuneburg, Germany. People have known about the Iron Age site ...

Government Mulls Reviving Colonial-era Gold Mines With $2 Billion Reserves

... federal government has already sent a request to Karnataka to renew Bharat Gold's mining lease. The document seen by Reuters says Bharat Gold owes "huge liabilities" to the central and state governments, as well as banks and the electricity authorities in Karnataka. SBI Capital is looking to give an assessment for a one-time settlement of its dues, according to the document and the officials. The investment bank is expected to give its report by the end of this month, while Mineral Exploration Corp would complete its assessment by July, according to the officials. If the reports show that mining is viable, the government would seek to restructure Bharat Gold to restart mining there more efficiently, the officials said. Kumar, the top mining official, said the next step would be to seek the federal cabinet's approval to get the project going. Stay ...

Matthew Mcconaughey Takes On Bre-x, But The Real Story Behind Gold Is Crazier Than Fiction

... Felderhof, photographed in Bali in 2007, is now 77 years old and lives a “hardscrabble existence” in the Philippines, says his lawyer. Ted Rhodes / Postmedia Network. “John’s been unable to get a job in the industry,” says Groia, his lawyer. “I’ve tried a few times to connect him with people who might have had a need for someone with his skills. The reality is, John is never going to be employed again in the business.”. Today, the 77-year-old lives quietly and modestly in the Philippines, Groia adds. “He is by no means a wealthy man. I think it’s fair to say he leads a hardscrabble existence.”. Groia — who maintains that de Guzman was the mastermind behind the salting scam — says Felderhof was scapegoated by securities officials, who needed to prosecute someone to satisfy the public’s desire for retribution in the case. “It was very clear to me that they went after ...

A Dog's Purpose,' 'resident Evil' And 'gold

... A delightfully sweet concept, this is some overly sentimental fun for the kids. However, try as I might to separate reality from fiction, the buzz around the terrible on-set treatment of a German shepherd during filming is a real bummer and enough for me to say no. The verdict: Skip it. Re-watch "Marley & Me.". "Resident Evil: The Final Chapter" — Milla Jovovich, Shawn Roberts, Ali Larter, directed by Paul W. S. Anderson. The "Resident Evil" sequel machine rambles ever onward with this weekend's final entry of the saga. Adapted from the massively popular video game series, "The Final Chapter" follows heroine Alice as she returns to Raccoon City to band together with old and new friends in order to defeat the Umbrella Corporation and its army of mutants once and for all. If you're laughing after reading this, stay away. The verdict: Skip it. The newest "Resident Evil" game arrived this week — coincidence? I think not. "Gold" — Matthew Mc Conaughey, Bryce Dallas Howard, Craig T. Nelson, ...

Gold Prices Back Below 1200

... the 2013 & 2015 lows. The immediate long-bias is at risk while below this threshold.” It’s only Thursday, but if prices were to close the week at or below current levels, gold will have marked an outside weekly-reversal off resistance- bearish near-term. Gold Daily. Daily momentum divergence into this week’s highs further highlighted the risk of a correction in price with a break below near-term support yesterday 1200 keeping the immediate focus lower while below. Initial support is eyed at 1182 backed closely by the median-line extending off the March 2016 high (red) currently ~1177- both areas of interest for near-term exhaustion / long-entries. Gold 120 min. Notes: Bottom line: The risk remains lower while within this formation within initial resistance eyed at 1196 & 1207- (bearish invalidation). A breach above this key region would be needed to shift the focus back towards topside targets at 1219, 1240/41 & the 50% retracement at 1249. Keep in mind we have U. S. 4 Q GDP on tap tomorrow with the release likely to fuel added volatility in dollar denominated assets. From a trading standpoint, I would be ...

Matthew Mcconaughey Shines In Twisted-up Tale Of American Greed

... the Indonesian jungles, the movie changes names and dates and messes with the facts at will. Why? Director Steve Gaghan (Syriana) and screenwriters Patrick Massett and John Zinman (Lara Croft: Tomb Raider) apparently wanted to mate The Treasure of the Sierra Madre with The Wolf of Wall Street and birth a box-office bonanza out of an orgy of greed and hedonism. It's a scary hybrid tribute to capitalism run amok. PHOTOS: 50 Most Anticipated Movies of 2017: 'Blade Runner,' 'Star Wars' and More. From superhero blockbusters and high-profile sequels to docs, director passion-projects and some downright weird stuff. Mc Conaughey plays Kenny as a sweaty, balding, pot-bellied fantasist. Too much? Nah. Watching a dynamite actor take risks is exhilarating. The man has inherited a Nevada mining company from his daddy. But he doesn’t know what to do with it until a level-headed geologist, Michael Acosta (a sly, stellar Édgar Ramírez), tells him there really is gold in them thar hills. Kenny is always in a fever, so ...

Gold Ends At Lowest Level In Over 2 Weeks As Dollar Strengthens

... as one of the several moving parts in the ‘Trump-Trade’ since the election,” Tyler Richey, co-editor of The 7:00’s Report, told Market Watch. “The broader trends have been a decline in bonds, rally in the dollar, and new highs in stocks; all of which are bearish influences for gold.”. Gold for February delivery GCG 7, -0.61% fell $8, or 0.7%, to settle at $1,189.80 an ounce. The settlement level was the worst since Jan. 10, according to Fact Set data. Gold has posted declines since ending Monday at $1,215.60—its highest settlement since Nov. 17. March silver SIH 7, -0.80% also fell 13 cents, or 0.8%, at $16.85 an ounce. “The outlook for gold is bearish based on a likely continuation of the ‘Trump-trade’,” said Richey. “However, inflation remains the fundamental catalyst to watch in looking for a reason for gold to bottom,” he said. “If inflation begins to show signs of accelerating faster than ...

Precious-gold Down On Firm Dollar; Heads For 1st Weekly Drop In 5

... per ounce. * The dollar index, which measures the greenback against a basket of currencies, rose 0.1 percent to 100.500, after touching a seven-week low of 99.793 in the prior session. * New U. S. single-family home sales fell to a 10-month low in December after three straight months of solid gains, but the housing market recovery remains intact as a tightening labor market boosts wage growth. * Fears of a resurgence of euro zone inflation are exaggerated, so winding down from stimulus has not been discussed, a top European Central Bank policymaker said on Thursday, even as the bank's top hawks suggested that the exit may be close. * Physical gold demand fell 20 percent last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report on Thursday, as a rebound in prices blunted appetite for the metal. * China's net gold imports via main conduit Hong Kong rose 2.7 percent in December over the ...

As An '80s Huckster, Mcconaughey Outshines The Film Around Him

... and then they do, and don't, and so on, while Kenny cycles manically from rags to ill-gotten riches and back again, gloating and grieving as needed and carrying a posse of big-city investors along on his harebrained endeavors, which include an attempt to get the son of a well-known foreign dictator on board for a Plan B scheme. Inevitably Gold is framed as a caper, which means the only question that matters is who is leading whom down which garden path. Mc Conaughey brings such goofy, untamed brio to Kenny that it's hard not to root for him as he rushes from heaven to hell and back, beguiling all the way. And given that Gold is in part about the fact that greed never learns from history or experience, it makes sense that contrition plays the smallest of supporting roles in Kenny's post hoc narration of his road to ...