Metals News
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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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"My god it's him, he's really back. To give a hedgefund bitch a heart attack. To make a million apes insomniac. It's the guy... who's not a cat ;-)," wrote one user on Reddit's GameStop message board on Sunday evening following an X post from 'Roaring Kitty.' Roaring Kitty, also known as Keith Gill, led an army of 'meme-traders' against hedge funds shorting ...
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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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Amid cooling geopolitical tensions and a slow week for economic data releases, the gold market ultimately returned its focus to the Federal Reserve’s interest rate path. Spot gold opened the week trading just above the $2,300 level, and spent most of the week trading in a $30 range. In the absence of other significant data, gold prices took their direction ...
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Sibanye-Stillwater has reported a significant improvement in safety performance, with a decline in Serious Injury Frequency Rate (SIFR) by 15% year-on-year for the first quarter, which ended on March 31. Gold production from the South African gold operations saw a decline of 18% compared to the previous year, due to the cessation of production from Kloof ...
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April was a rough month for global markets, but commodities and stocks are still the performance leaders for the major asset classes this year, based on a set of ETFs through Friday’s close (May 10). The rebound so far this month following April’s correction has helped keep the winners winning. The top performer this year: commodities (GCC) via a 12.7% ...
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US PPI is the first key test for bullish sentiment since the dovish Fed and weaker jobs data US yields have been more range-bound over the past few sessions as the bullish run ...
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Fitch Ratings estimates national home prices were 11.1% overvalued for 4Q23 on a population-weighted average basis, showing negligible difference from the previous quarter. The ...
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Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation in home prices along with fuel and energy, according ...
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post: PBoC Fixes USDCNY Reference Rate At 7.1053 (prev fix 7.1030 prev close 7.2332)
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video Silver peaked at a high of 28.77 last Friday before ending the day in the red with a bearish candlestick pattern. Sellers again dominated today, Monday, as the price of silver fell below Friday’s low of 28.04. However, support was seen at the day’s low of 27.97, leading to a minor intraday bounce. Support was seen around the crossing of two rising ...
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Today’s 1% drop in gold prices appears to be driven by profit-taking, as it comes amid a quiet day for data and follows a decent 2.5% rally last week. However, our gold forecast remains bullish, with the precious metal potentially heading towards its third consecutive month of gains. Get our exclusive guide to gold trading in Q2 2024 Last week, gold shined ...
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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 ...