(Kitco News) –
The U.S. labor market continues to build momentum, pushing gold prices
to session lows, as the Labor Department reported
stronger-than-expected jobless claims.
Initial weekly U.S. jobless claims fell by 10,000 to a seasonally
adjusted 202,000 in the week to Saturday, the Labor Department reported
“This is the lowest level for initial claims since December 6, 1969 when it was 202,000,” the report said.
Consensus expectations compiled by various news organizations had
called for initial claims to be around 216,000. The government revised
the previous week’s report up by 1,000 to 212,000 claims.
Meanwhile, the four-week moving average for new claims – often
viewed as a more reliable measure of the labor market since it
smoothens out week-to-week volatility – fell by 4,000 claims to
Continuing jobless claims, the number of people already receiving benefits and reported with a one-week delay, dropped by 38,000 to a seasonally adjusted 1.717 million during the week ending March 23, the government said.
The global oral care market will post a CAGR of over 3% during the period 2019-2023 (Graphic: Business Wire)
Poor oral health and hygiene give rise to several issues such as plaque formation, periodontal disease, tooth decay, and even throat cancer. Consumption of tobacco, poor oral hygiene, unhealthy diet and high consumption of alcohol are some of the factors that can result in oral disorders. To avoid the occurrence of such disorders market players and the governments of different countries are raising awareness on the importance of maintaining dental and oral health. For instance, Colgate-Palmolive has its oral care center that offers information on teeth whitening, cavities, gum disease, and others. The growing awareness of dental and oral health will propel the volume sales of oral hygiene products leading to market growth during the forecast period.
(Boston)– African American women with poor oral health may be more likely to get pancreatic cancer (PC).
In the U.S., studies show that African Americans are more likely to
get pancreatic cancer than Caucasians. Poor oral health, specifically
adult tooth loss and periodontal disease prevalence, has a similar
pattern. Using data from the Black Women’s Health Study, researchers
from the Slone Epidemiology Center at Boston University found that
compared to African American women who showed no signs of poor oral
health, those who reported adult tooth loss had a substantially
increased risk of PC. This association become even stronger for those
who had lost at least five teeth.
According to the researchers, these observations may be related to
oral bacteria and the inflammation caused by certain bacteria. In
previous studies among different populations the presence of circulating
antibodies to selected oral periodontal pathogens was associated with
increased risk of PC.
“Oral health is a modifiable factor. Apart from avoiding cigarette
smoking, there is little an individual can do to reduce risk of PC.
Improving access to low cost, high quality dental care for all Americans
may decrease racial disparities in this cancer,” said Julie Palmer,
ScD, associate director of BU’s Slone Epidemiology Center and a
professor of epidemiology at BUSPH.
These findings appear online in the journal Cancer Epidemiology, Biomarkers & Prevention.
This work was supported in part by the National Institutes of Health grants NCI U01CA187508 (J.R. Palmer, H. Gerlovin, D.S. Michaud), NCI R01CA098663 (J.R. Palmer, Y.C. Cozier) and NCI U01CA164974 (J.R. Palmer, H. Gerlovin, Y.C. Cozier).
(Kitco News) – Gold
and silver prices are posting moderate corrective gains in
early-morning dealings Friday, following the sharp losses suffered
Thursday. Overnight, gold did drop to a three-week low, while silver
hit a three-month low. Some mild U.S. inflation data just released is
also helping out the precious metals market bulls. April gold futures
were last up $6.10 an ounce at $1,295.90. May Comex silver was last up
$0.122 at $15.09 an ounce.
The just-released U.S. personal income and spending report for
February came in at up 0.2%, which was in line with market
expectations. The January personal consumption expenditures price index
came in at down 0.1% from December and up 1.8%, year-on-year. Personal
spending in January came in below expectations, at up 0.1% from
December. These numbers fall into the camp of the U.S. monetary policy
doves, who do not want to see U.S. interest rates rise anytime soon.
Metals prices did up-tick after hit report hit the news wires.
Asian and European stock indexes were mostly firmer overnight. U.S.
stock indexes are pointed toward slightly higher openings when the New
York day session begins. Today is the last trading day of the week, of
the month, and of the quarter, which makes it an extra important
trading day from a charts and technical perspective. Traders and
investors are exhibiting a bit more risk appetite late this week, which
has buoyed world stock markets but has helped to sink the safe-haven
gold and silver markets.
The U.S. and China held high-level trade talks in Beijing late
Thursday and Friday. U.S. Treasury Secretary Steven Mnuchin said those
talks were productive. However, Larry Kudlow, President Trump’s
economic advisor, said on Thursday any final U.S.-China trade accord is
likely to come months down the road. There is no clear consensus in
the marketplace on the eventual outcome of the U.S.-China trade talks,
which means that when any final result is announced it is likely to
cause at least some volatility in some markets.
The U.K. Parliament is likely to vote Friday on another option
offered by Prime Minister Theresa May to break the Brexit deadlock.
There are not high expectations for her latest plan to be approved by
the MPs. Today is the day the U.K. was set to leave the European Union.
May’s options moving forward on the matter are increasingly limited,
with speculation of a general election being held in the near future.
The key outside markets today see the U.S. dollar index higher and
hitting another 2.5-week high today. The USDX is back near its recent
multi-month high. Meantime, Nymex crude oil prices are higher and
trading around $60.00 a barrel. Oil prices are still trending higher on
the daily bar chart even though price action has been sideways this
The big rally in palladium prices still has room to run.
Double-digit returns are likely in store over the next few months.
interest in the metal from investors, as well as a relatively tight
supply-demand balance, should propel prices even higher over the next
half-year. Like gold, palladium is considered a precious metal, but it
is overwhelmingly used for industrial purposes. Two-thirds of the
production gets used in catalytic converters for automobiles, and
another 13% is consumed by the electronics industry.
“We expect palladium prices to rise further over the next quarter or two, possibly reaching $1,800 or so before plateauing,” says Jeff Christian, managing director of New York-based commodities consulting firm CPM Group.
CHARLOTTE, N.C. (AP) — A Charlotte
couple’s investigation of a possible abandoned gold mine under their
home began with a shocking discovery in their basement last year as they
prepared to decorate their home for Christmas.
Weidner remembers it was the week after Thanksgiving when she walked
down the muddy hill beside her home and unlocked the back door that
leads to their basement. She was hoping to get a jump on seasonal
decorations but instead, she found a mysterious hole — almost perfectly
round and nearly five feet wide — in the ground, directly under her
“I couldn’t figure out
what it was at first … I was just kind of speechless,” Weidner said.
“I’m looking at this debris inside of this very large, very deep hole in
the ground and it dawned on me: That was a structural pier at one point
that has now crumbled at the bottom of this hole.”
spent the next week talking with her home insurance company, various
structural engineers, soil experts, land surveyors and local
construction companies. The hole had swallowed a cement and brick
support pillar holding up the floor of their kitchen, dining room and a
hallway leading to their bedroom.
the floor under their feet would at any moment collapse, Weidner, 32,
and her fiance Darrius Marable, 37, even contemplated immediately
evacuating their home for safety.
they stayed but faced an uncertain future. Their home was built in 1933
and no one seemed to know what caused such a sudden, deep opening in
“Could be a well? Could be a sink hole from a broken sewer line that wasn’t closed off the right way? . It was all these different things that it ‘could be,'” Weidner remembers.
Palladium prices have seen an 80 percent increase in the last seven months. As a main component in catalytic converters to help decrease the amount of harmful emissions released from gas engines, supply has not kept up with demand.
The quick rise of palladium prices has caught the attention of criminals. Around the UK and in the US gangs have set up sophisticated catalytic converter thefts, hitting multiple cars within minutes to sell on the black market.
Analysts see a bubble forming similar to the one that burst spectacularly in 2000. If their predictions are eminent, now would be the time to sell before prices adjust to a lower level….Just sell it legally.
A deal would create a company valued at around $42 billion
By Alistair MacDonald and Jacquie McNish
Updated Feb. 25, 2019 7:03 p.m. ET
Barrick Gold Corp. offered $17.85 billion for Newmont Mining Corp., proposing an unsolicited, all-share deal that would combine the world’s biggest gold miners and create an industry giant that Barrick said will be better able to squeeze out costs.
Feb 15 – Gold jumped to a two-week high on
Friday after weak U.S. economic data boosted expectations the U.S.
Federal Reserve would hold pat on monetary tightening, while palladium
matched an all-time high on a prolonged deficit.
Spot gold was up
0.4 percent at $1,317.36 an ounce at 12:47 p.m. EST (1747 GMT), having
touched its highest since Feb. 1 at $1,319.81.
U.S. gold futures rose 0.5 percent to $1,320.60.
While gold is on track for a small weekly gain, it was rangebound for most of the week, with gains on Friday stemmed by a firmer dollar and a rebound in stocks.
Soaring palladium prices are inspiring an unusual band of criminals: catalytic converter thieves.
The exhaust-control devices common in most cars contain the silvery white precious metal, whose prices have climbed more than 50% since mid-August. Palladium is now more expensive than gold.
A supply squeeze, stricter environmental
standards and the increased demand for cleaner-burning gasoline
engines—which require converters with more palladium—means demand for
the metal both among auto makers and thieves is likely to remain high.
Police in Chicago say perpetrators, who harvest the devices and sell the scrap metal, have converter theft down to a fine art.
“What tends to happen is that in the middle of the night, a
group of guys come by with a truck and a reciprocating saw. They cut out
the converter, throw it in the truck and drive away,” said Howard
Ludwig, public information officer at the Chicago Police Department.
“They’ll tend to hit several blocks in the same evening with at least one guy driving the [getaway] vehicle and one underneath the car.”