Gold edged lower in the early Asian session amid lingering worries over China ending a tax incentive on sales of the precious metal, effective Nov. 1.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Beijing has quietly altered the tax treatment of gold, a move that could ripple through the world's biggest consumer market for the metal. From now on, companies that buy gold from the Shanghai Gold Exchange to turn into jewellery or industrial products will be hit with a 7% value-added tax, after being able to reclaim the full 13% VAT.
Treasury yields weaken and oil prices inch higher
Gold fell in the early Asian session on reports that China is ending a tax incentive for sales of the precious metal, effective Nov. 1.
Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:NRGOF) CEO Robert Archer talked with Proactive about the encouraging metallurgical test results from the company's El Potrero project in Mexico. Archer explained that metallurgical testing is vital to any mining project as it directly influences the project's economics.
A $10 million solid gold toilet is going up for sale, just in time for the building of President Trump's new ballroom.