Metals News
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Senator Bob Menendez’s bribery trial began Wednesday with a US prosecutor telling jurors that the New Jersey Democrat took cash, gold bars and a luxury car from two businessmen to perform favors for them and corruptly help the Egyptian government. Menendez, the former chairman of the Senate Foreign Relations Committee, is also accused of illegally helping ...
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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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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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Gold prices hit an all-time high of $2,448.80/oz. on April 12, 2024, on the back of hotter-than-expected NFP, sticky inflation and rising geopolitical risk. These factors attracted inflow of funds as shown by increasing managed money long positions to around two-year high. Despite the pullback towards the end of the month as profit-taking and U.S. dollar ...
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post: PBoC Fixes USDCNY Reference Rate At 7.1020 (prev fix 7.1049 prev close 7.2176)PBOC sets USD/ CNY reference rate for today at 7.1020 (vs. estimate at 7.2017) PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%. • 2bn mature today. • Thus neutral in OMOs today.
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video Buyers stepped up on Wednesday to help push the price of gold to a new trend high of 2,390. A bullish breakout triggered on the weekly chart on a move above last week’s high of 2,378. At the time of this writing the high of the day is 2,390. Today’s advance took gold back above a top channel line, which has been tested as resistance several times in ...
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The CPI for April came in pretty close to expectations. CPI came in at 0.31% m/m, and 0.29% on core, versus a priori expectations for 0.37% and 0.30%. This relative accuracy does ...
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US consumers could be reaching their breaking point. After dealing with elevated inflation and the highest interest rates in decades, they’re starting to rein in their spending. ...
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Markets expressed mild relief toward a pair of US inflation and consumer spending prints that change nothing yet for the FOMC. The result had markets gently piling into the US ...
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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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In trend terms, in April 2024: • unemployment rate remained at 4.0%. • participation rate remained at 66.7%. • employment increased to 14,289,600. • employment to population ratio ...
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video Buyers stepped up on Wednesday to help push the price of gold to a new trend high of 2,390. A bullish breakout triggered on the weekly chart on a move above last week’s high of 2,378. At the time of this writing the high of the day is 2,390. Today’s advance took gold back above a top channel line, which has been tested as resistance several times in ...
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Precious metals were looking strong even before the release of US CPI data, with gold holding in a bullish consolidation pattern following last week’s 2.5% gains and silver was already on the ascendency over the past couple of days. Both metals rallied once the CPI report was released, and after some profit-taking, recovered again to rise to fresh session ...
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Gold prices hit an all-time high of $2,448.80/oz. on April 12, 2024, on the back of hotter-than-expected NFP, sticky inflation and rising geopolitical risk. These factors attracted inflow of funds as shown by increasing managed money long positions to around two-year high. Despite the pullback towards the end of the month as profit-taking and U.S. dollar ...