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    Trump metals tariffs propel gold, China steel under pressure

    ByVictoria
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    China, the biggest steel maker, is not a top direct exporter of steel to the U.S. but Trump said that China’s exports had forced others to ship more to the U.S., while rising imports “support a conclusion” of transshipment or processing of steel products via third party countries into the U.S.

    “Today is a great day for the U.S. aluminum industry,” said Mark Duffy, president of the APAA.

    “Unfair trade practices have devastated the domestic aluminum industry and President Trump’s actions today will protect thousands of American workers and their families.”

    Source – Reuters

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    CEO says Barrick will continue in Mali once they can ship gold

    ByVictoria
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    Barrick Gold will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments, CEO Mark Bristow said on Wednesday.

    “We will start the operations as soon as we get approval to ship the gold and we need to ship the gold to pay anything to the government,” Bristow said, adding that Barrick paid $460 million to the Mali government last year.

    “So if you calculate that to per week… and every week we don’t do this it hurts everyone,” he added.

    Source – Reuters

  • Arkansas Gold & Silver Dealer Page!

    ByVictoria
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    I’m very happy to post a new state page for Victorias Coin – National Gold & Silver Dealer Directory today! Welcome Arkansas!!

    This has been fun to explore and see that there seem to be more gold and silver dealers and coin dealers in the area that are sprouting up. I hope investors in this area find their spot to buy and sell their precious metals.

    Arkansas gold and silver dealers offer comprehensive precious metals services, from bullion trading to rare coin collecting. These experienced businesses can help whether you’re investing in gold, collecting rare coins, or selling inherited silver.

    Find your dealer, make the call, and take the next step in your precious metals investment or collection

    Happy Investing everyone! -V.

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    Gold gains, Dollar slipped

    ByVictoria
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    Gold futures posted their second consecutive strong gain on Tuesday, rising 3% in the two days since Moody’s downgraded its U.S. credit rating and amplified concerns over the debt and deficit spending.

    The dollar slipped again, weighed down in part by cautious remarks about the economy by Federal Reserve officials and by President Trump’s failure so far to convince Republican holdouts in the U.S. House to support his sweeping tax and spending bill.

    “Investors are reassessing the long-term outlook for U.S. sovereign risk. As such, safe-haven assets like gold could experience heightened demand,” Quasar Elizunda of Pepperstone said in a note.

    Source – Seeking Alpha

    Moody’s Corporation – (MCO) a New York-based company that owns Moody’s Investors Service that rates creditworthiness of companies, governments, and fixed income debt securities, and Moody’s Analytics.