Metals News
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Curators are "devastated" after gold objects dating back 3,000 years to the Bronze Age were stolen from a museum. A gold torc and a gold bracelet were stolen during a break-in at Ely Museum on Tuesday. The museum acquired the torc, valued at £220,000, in 2017 using grants and donations and it said the loss was a "huge blow". Cambridgeshire Police said itwas ...
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The ring Kevin Hart gifted to Tom Brady for being such a good sport during Sunday night's roast wasn't merely a prop ... TMZ Sports has learned it's the real deal -- coming in with a staggering worth of $40,000!!! We're told celeb jeweler Jason Arashaben, CEO of Jason of Beverly Hills -- who actually created TB12's final Tampa Bay Buccaneers Super Bowl ring ...
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When it comes to Contracts for Difference (CFDs), one of the most common questions among traders is how long do you hold a CFD? Unlike some financial instruments, CFDs do not have a fixed expiry date and therefore traders can use different trading strategies at their will. Nevertheless, the period that you keep a derivative will affect both your trading ...
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The market’s continued focus on information suggesting a shift toward a more accommodative monetary policy, paired with its tendency to overreact to any hint of such easing, spawns a self-perpetuating cycle that poses a complex challenge for policymakers. This cycle unfolds as follows: anticipated lower rates drive up asset markets, increased wealth and ...
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Gold is facing a downward trend following a bull phase, triggered by the comments from the Federal Reserve last week and unfavorable US nonfarm payrolls data. The latter could influence the direction of US interest rates, which could in turn affect the gold market. The Fed chose to keep rates unchanged on May 1, 2024, although it confirmed its intentions to ...
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The People's Bank of China (PBoC) added to their bullion reserves for the 18th month in a row, but April also marked the second month in a row of dramatically lower quantities, suggesting that record-high prices may finally be souring the central bank on gold. The PBOC bought 60,000 troy ounces of gold last month, far lower than the 160,000 ounces it ...
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Differences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund ...
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The Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before the next federal election, due next May. That’s a big change ...
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post: BREAKING: Arab sources are reporting an ASSASSINATION attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/mKUjmwLnur post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman & several other High-Ranking Officials was attacked. It is claimed that several Members of the Saudi Royal Guard were killed, but Prince was Unharmed. pic.twitter.com/5Yl0CZTZyb
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Thank you, David. And thank you to the Brookings Institution for hosting me today. I am especially grateful to return to the place where, in my first job as an aspiring economist, I was a research assistant for Alice Rivlin over three decades ago. Today, I would like to talk about the Board's work in pursuit of financial stability, which is critical to the well-being of households, firms, and the broader economy.1 Following the financial crisis of 2007–09, a broad set of reforms were put in place to bolster financial stability. To ensure an ongoing focus on that area, the Board established its Committee on Financial Stability as a venue for Governors to discuss related developments and policy issues. I recently became the chair of this committee and will share with you my current views on financial stability and touch on a couple of emerging issues. Enhancing the public's understanding of our work on financial stability is important for the transparency and accountability of our efforts. That is why we communicate our financial stability work prominently in our Financial Stability Report, which was most recently published last month and provides more detail on some of the developments I will review today.2 Financial Stability at the Federal Reserve As the U.S. and global financial system continues to grow and evolve in complexity, the Fed's work on financial stability only becomes more important. A stable and resilient financial system is essential for the Federal Reserve to achieve its dual mandate of maximum-employment and price-stability. Our financial stability work also informs our approach and priorities to the supervision and regulation of banking organizations, our coordination with domestic regulatory agencies, and our engagements with international bodies such as the Financial Stability Board. Financial Stability Framework post: FED'S COOK: FIRMS HAVE AMPLE EARNINGS TO COVER DEBT PAYMENTS. post: FED’S COOK, IN REVIEW OF FINANCIAL STABILITY, SAYS HOUSEHOLDS REMAIN RESILIENT BUT SHE IS WATCHING RISING DELINQUENCY RATES #News #Markets #live post: FED'S COOK: OVERALL RISK FROM CRE IS CONSIDERED “SIZABLE BUT MANAGEABLE”.
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Silver price registers modest gains despite rising US Treasury bond yields and a strong US Dollar. The grey metal dipped to $27.00 but climbed as buyers stepped in. The XAG/USD trades at $27.33, up by 0.38%. Silver remains upward biased, and it remains trading within the 50% and 38.2% Fibonacci retracements, drawn from the latest cycle low and high, each at ...
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Gold recovered from its earlier lows to turn flat on the session and silver drifted into the positive territory. Following their gains on Monday, and impressive gains for silver in particular, both metals fell on Tuesday amid profit taking and as the strength in US dollar discouraged traders. The greenback was higher again at the time of writing, which ...
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CME Group, the world's leading derivatives marketplace, today reported its April 2024 market statistics set a new average daily volume (ADV) record of 26.5 million contracts for the month, up 33% from April 2023, with double-digit growth across all asset classes. Additionally, interest rate, equity index, foreign exchange and options products set new April ...