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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Analysts have used technical indicators for years. They analyze historical data, looking at past price movements to speculate on the future price direction of financial instruments. These indicators rely on patterns and gather data from price, volume, or open interest. It's crucial to understand that technical indicators work reactively; they don't predict ...
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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 some Canadian agriculture groups. The two countries are at an impasse in their bilateral free trade talks, which may also be delaying Canadian action to help the U.K. join the ...
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The Fed-rate obsession continues to drive market sentiment. Traders were quick to price in Fed cuts again upon the arrival of slightly softer CPI figures and NFP report, forcing Fed members to push back on rate cuts this week. Yet, with dove-tinted glasses on, traders had become fixated on any scraps of softer data to justify their hopes of Fed cuts. That ...
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Russian metals giant Nornickel plans a joint project for construction of a platinum group metals (PGMs) refinery in Bahrain, a source familiar with the matter told Reuters on Thursday. Nornickel is the world’s largest producer of palladium and a major producer of platinum, accounting for 41% and 12% of global mine output, respectively. Both metals are ...
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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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As we gather, America’s strong economic performance continues to serve as a key engine for resilient global economic performance. The Biden Administration has driven a ...
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Equities: U.S. stock markets kicked off the trading session with the S&P 500 and the Nasdaq hitting new intraday highs, primarily propelled by Nvidia's impressive earnings report, ...
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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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post: ECB’s Schnabel: Some Elements Of Inflation Proving Persistent - Would Caution Against Moving Too Fast On Rates
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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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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 ...