Metals News
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Thousands of people in Bougainville, an autonomous region of Papua New Guinea, have filed a class action lawsuit against Rio Tinto Plc and its former unit Bougainville Copper Ltd. over what they say is historical mismanagement of the massive Panguna copper mine. Panguna, which was operated by Bougainville Copper, shut in 1989 after local protests over the ...
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As Archegos Capital Management cratered in March 2021, it began trying to pull excess cash from trading accounts across Wall Street. At the time, it had about $470 million with Goldman Sachs Group Inc. But instead of withdrawing the money, an Archegos staffer accidentally wired that amount to Goldman, and the bank didn’t immediately give it back. That left ...
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If you have silver coins to sell, read this guide first. There are important things to know about selling silver coins, but it doesn't need to be daunting! These basics will make the process easy for you. The most important things to do before selling your coins are: • finding out how much your silver coins are worth • identifying what kind of coin(s) you ...
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The University of Michigan consumer sentiment final for May is showing: • Consumer sentiment 69.1 vs 67.5 estimate and 67.4 preliminary. Last month 77.2. • Expectations 68.8 versus 66.5 preliminary. Last month 76.0 • Current conditions 69.5 versus 68.8 preliminary. Last month 79.0. • 1-year inflation expectations 3.3% versus 3.5% preliminary • 5 year ...
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video Gold sold off again on Thursday as it fell below several points of potential support to reach a low of 2,332. Trading continues near the lows of the day and gold may continue lower. Several trendline support areas failed to halt the decline and the 20-Day MA was broken to the downside. Further, it looks like the daily close may come in below the ...
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Thousands of people in Bougainville, an autonomous region of Papua New Guinea, have filed a class action lawsuit against Rio Tinto Plc and its former unit Bougainville Copper Ltd. over what they say is historical mismanagement of the massive Panguna copper mine. Panguna, which was operated by Bougainville Copper, shut in 1989 after local protests over the ...
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US Treasury Secretary Janet Yellen on Thursday urged G7 ministers meeting in Italy to work on “more ambitious options” to use frozen Russian assets to help Ukraine. The ministers ...
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Beijing on Friday said ongoing drills encircling Taiwan were testing the military's ability to seize power over the self-ruled island, days after a new president was sworn in. ...
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A British trade official called on Prime Minister Justin Trudeau’s government to ratify the U.K.’s entry into a Pacific trade deal by the end of the year, despite opposition from ...
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Thank you for the invitation to be here and speak to you today.1 I want to step away from shorter-term questions about the economic outlook and monetary policy to delve into a subject of longer-term significance—r*. While there are many concepts of r*, I interpret it to be the real policy interest rate that is neither stimulating nor restricting economic activity with inflation anchored at the central bank's inflation target. In the short term, policymakers must judge whether a given policy setting is restrictive or otherwise, and while this judgment is made with some idea of r*, a number of factors can influence the economy in the near term so that the current setting of policy usually differs from the value of r*. At the same time, policymakers continually update their view of the appropriate value of r*. Recently, for example, discussions have focused on whether or not r* has risen, which has important implications for the conduct of monetary policy. For the purposes of this discussion, I am going to be talking about the long-run, real value of r*, when inflation and employment have reached the Federal Open Market Committee's (FOMC) goals. Because of that, an estimate of r* points toward where monetary policy is headed over the longer run. This is important for policymakers deciding the best way to get there and also for investors and other members of the public who make decisions in the near term based on their expectations of future economic conditions. Much has been written on this topic, and different methods have been developed to estimate r*. My goal today is not to debate which statistical estimate of r* is best but rather describe what I believe are the economic factors behind the secul post: <=USD>:*WALLER: ONLY TIME WILL TELL HOW IMPORTANT FISCAL WILL BE FOR R* *WALLER: FINANCING PRESSURES MAY PUSH R* HIGHER IN COMING YEARS *WALLER: HELPFUL TO LOOK AT REAL 10Y YIELD FOR MARKET VIEW ON R* *WALLER: FACTORS THAT LOWERED NEUTRAL RATE MAY REVERSE IN FUTURE
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US durable goods orders for April • Prior month +0.9% • Durable goods orders for April 0.7% versus -0.8% expected. Prior month 0.8% • Ex-transport +0.4% versus 0.1% expected. Last ...
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Retail sales volumes (quantity bought) fell by 2.3% in April 2024, following a fall of 0.2% in March 2024 (revised from 0.0%). Sales volumes fell across most sectors, with ...
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In a Q1 Barchart recap of the precious metals sector, I highlighted platinum’s 8.77% Q1 decline and palladium’s 7.91% drop. Nearby NYMEX platinum futures closed Q1 at $907.70, with the palladium futures at the $1,021.50 per ounce level. In late May 2024, the metals were over the $1,000 level, with platinum higher and palladium lightly lower than the Q1 ...
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Silver falls 2.18%, trading at $30.10, as strong US business activity data impacts the market. Key support levels: $30.00 psychological level, April 12 high at $29.79, and $29.00. Additional support at May 18, 2021, high of $28.74 and June 10, 2021, high of $28.28. Silver price tumbled more than 2% on Thursday as economic data from the United States showed ...
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RoboMarkets: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK)22.05.2024 / 08:00Dear Clients and Partners, Please note the upcoming adjustments to the trading schedule. Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday in the UK Dates: 27/05/2024 - 28/05/2024 This ...