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Spot gold prices dropped to their lowest level this year and were last down 0.9% as risk appetite dented demand for the precious metal’s safe-haven credentials. In currency markets, the euro dipped after Reuters reported that some European Central Bank policymakers doubt whether growth will rebound in the euro zone as projected. The currency was last down 0.2% at $1.1282 burgundy cufflinks. Sterling slipped 0.4% to $1.3049 after the Guardian newspaper reported that talks between Prime Minister Theresa May and the opposition Labor Party regarding Britain’s exit from the European Union had stalled. The Labor Party denied the report..
(Reuters) – Former U.S burgundy cufflinks. Interior Secretary Ryan Zinke, who stepped down in December amid ethics investigations, has joined the board of junior mining exploration company U.S. Gold Corp, the company said on Tuesday. Zinke, who ran the Interior Department, which oversees America’s vast public lands, aggressively pursued President Donald Trump’s agenda to promote oil drilling and coal mining by expanding federal leasing, cutting royalty rates, and easing land protections despite environmental protests..
“Zinke has a lot of credibility in the mining industry. We think his credibility and gravitas will give us visibility, which we need to advance the company and benefit our shareholders,” U.S. Gold Corp CEO Edward Karr told Reuters. The company has a gold exploration project on Wyoming state land at the Copper King deposit and is going through state environmental reviews and regulations burgundy cufflinks. It also has the Keystone project, which has 650 mining claims on a major gold trend on federal land managed by Interior’s Bureau of Land Management (BLM) in Nevada..
Karr said the company wants to prove that there is a world class deposit there to attract interest from mining company Barrick Gold, which owns property to the north of the Keystone project. “Where Zinke could provide value is being on the ground and interacting with BLM’s Nevada office,” he said. In a statement, Zinke said his work at Interior “can add tremendous value to the company.”. “I am excited to work closely with management and the Board to help make mining great again in America,” he said burgundy cufflinks.
(Reuters) – Bank of America Corp forecast that net interest income would rise half as fast this year after reporting first-quarter revenue on Tuesday that fell short of expectations. The bank’s shares initially fell as much as 2.8 percent but recovered to trade up 0.4 percent by mid-afternoon as analysts focused on its success in reducing expenses. Bank of America, the second-biggest U.S. bank by assets, followed rival domestic lenders by struggling to generate top-line growth in the latest quarter and suffering from a decline in trading revenue burgundy cufflinks.