Metals News
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Sylvester Stallone is about to score a massive payday after putting his watch collection up for auction, because one of the timepieces could fetch a literal king's ransom. As you might have heard, the 'Rocky' star is selling 11 watches from his personal collection through Sotheby's next month ... and one crown jewel, in particular, has a watch expert going ...
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Libyan authorities have arrested several customs officials for attempting to traffic abroad about 26 tons of gold worth almost 1.8 billion euros ($1.9 billion), prosecutors said. The Libyan prosecutor’s office did not detail the suspected origin of the massive amount of precious metal, greater than the national gold reserves of many countries. Authorities ...
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There are certain names that echo down from the history of finance and economics. Adam Smith is one. Milton Friedman is another. So does the British economist John Maynard Keynes. Keynes’ was, and famously remains, an advocate of government deficit spending in a recession. It’s hard to imagine now how radical this position was in the decade before the ...
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The pace of price increases in the US showed signs of slowing last month, after a streak of higher-than-expected inflation data had stoked concerns about the world's largest economy. Consumer prices rose 3.4% in the 12 months to April, down from 3.5% for the month before, the Labor Department said. Higher rents and petrol costs accounted for the majority of ...
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With the CPI report came in on top of expectations on 3 of the 4 closely watched metrics, with just headline CPI coming in at 0.3%, just shy of the 0.4% expected (with the retail sales print coming in far uglier and missing across the board), there has been some debate among the usual commenting suspects whether this inflation report was enough to tip the ...
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The U.S. Census Bureau announced the following new manufacturing and trade statistics for March 2024. The combined value of distributive trade sales and manufacturers’ shipments for March, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,858.0 billion, down 0.1 percent (±0.2 percent)* from February 2024 and ...
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Forecasters expect a monthly report on US consumer prices to show inflationary pressures moderated in April after three straight worse-than-anticipated readings to start the year. ...
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Inflation likely stayed higher than Fed officials would like in April if early forecasts are correct. The cost of living as measured by the Consumer Price Index likely rose 3.4% ...
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The pace of price increases in the US showed signs of slowing last month, after a streak of higher-than-expected inflation data had stoked concerns about the world's largest ...
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor ...
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Retail sales were weaker than expected in April, furthering concerns about the state of the consumer amid sticky inflation and higher interest rates. Retail sales were flat in ...
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The plan is still in early stages of development. China's central government (State Council) is encouraging feedback from regional authorities on what is said to be a large scale ...
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Silver is outperforming Gold, so traders should be more confident of being long of Silver than of Gold. The best new trade opportunities which might set up today will be a long trade in Silver above the $28.80 area or in Gold from support at either $2355 or $2336. Stock markets are mostly bullish, which is probably good news for further rises in Gold and ...
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Gold’s price appears to have moved higher since our last report, following the developments in the Middle East. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of ...
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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 ...