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 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 plan: • Local governments would buy "millions" of unsold homes says the report.
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The information and communication technology (ICT) sector grew by an average of 6.3% between 2013 and 2023, about three times faster than the total economy across the 27 OECD countries analysed. The first volume of the OECD Digital Economy Outlook 2024 released today also shows the ICT sector maintained this strong performance during 2023 with an average ...
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Overall, the banking system remains sound and resilient. Banks continue to report capital and liquidity ratios above minimum regulatory levels. Overall asset quality remains generally sound. Lending continues to grow but has slowed from the rapid pace of 2022, reflecting decreased demand and tighter lending standards. Capital ratios increased throughout ...
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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking ...
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The information and communication technology (ICT) sector grew by an average of 6.3% between 2013 and 2023, about three times faster than the total economy across the 27 OECD ...
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The European Central Bank is very likely to start cutting interest rates at its next policy meeting in June, Bank of France Governor Francois Villeroy de Galhau said. Barring ...
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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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Key statistics: • The seasonally adjusted WPI rose 0.8% this quarter and 4.1% over the year. • The private sector rose 0.8% and the public sector rose 0.5%, seasonally adjusted ...
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In the first quarter of 2024, seasonally adjusted GDP increased by 0.3% in both the euro area and the EU, compared with the previous quarter, according to a flash estimate ...
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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 ...