Metals News
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Archaeologists have unearthed gold jewelry, arrowheads, and a large, bronze mirror from roughly 2,000-year-old burial mounds in the Turkistan region of southern Kazakhstan. The artifacts are thought to have been made at the time of the Kangju state, a little-known entity that ruled the region between the fifth century B.C. and the fourth century A.D. ...
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Billions of dollars of gold is smuggled out of Africa every year, with the vast majority exported to the United Arab Emirates for processing, according to a report by SwissAid. Using data on declared and undeclared gold imports over a 10-year period ending in 2022, the Bern-based non-governmental organization estimates that the illicit trade amounts to ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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Euro area annual inflation is expected to be 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in May (4.1%, compared with 3.7% in April), followed by food, alcohol & ...
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Poor data from China. Manufacturing PMI 49.5 and back into contraction expected 50.5, prior 50.4 Services 51.1, missing estimates and falling below April's result. Still in expansion though. expected 51.5, prior 51.2 China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National Bureau of Statistics (NBS) and the ...
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Net mortgage approvals for house purchases were 61,100 in April, little changed from 61,300 in March. Net approvals for remortgaging decreased to 29,900 from 33,500 over the same period. In April, UK non-financial businesses (PNFCs and public corporations) repaid, on net, Ł1.1 billion of loans to banks and building societies. The net flow of sterling money ...
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US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, ...
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Federal Reserve Bank of New York President John Williams said he expects inflation to continue falling in the second half of this year, adding that elevated borrowing costs are ...
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The impact of former President Donald Trump’s historic guilty verdict has yet to set in on Wall Street. From round-the-clock currencies to after-hours equity trading, most ...
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post: DONALD TRUMP FOUND GUILTY ON ALL 34 COUNTS HE FACED AT HUSH MONEY CRIMINAL TRIAL -JURY VERDICTJury reaches verdict in Donald Trump's hush money case The jury has reached a verdict in the historic criminal case against former President Donald Trump. The verdict in the first criminal case against a former president will be read shortly in the New York City courtroom where Trump has been on trial since April 15. “We the jury have a verdict. We would like an extra 30 minutes to fill out the forms if that’d be possible,” the jury's 4:20 p.m. note said, which was read aloud in court by Judge Juan Merchan. The jury deliberated for about 9.5 hours. Trump was in the courtroom awaiting the verdict, sitting with his arms crossed. Trump was charged with 34 counts of falsifying business records related to a hush money payment to adult film star Stormy Daniels in the final weeks of the 2016 presidential election. He pleaded not guilty. post: BREAKING: Donald Trump to be sentenced on July 11
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Euro area annual inflation is expected to be 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union. ...
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Poor data from China. Manufacturing PMI 49.5 and back into contraction expected 50.5, prior 50.4 Services 51.1, missing estimates and falling below April's result. Still in ...
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The quotes of XAG/USD continue to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, prices for Silver are 31.35. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of ...
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video Gold fell to a new pullback low of 2,322 where it found support and bounced. That low completed a successful test of support at the 50-Day MA (2,324), as price was rejected to the upside. Also, notice that today’s high of 2,352 provided another test of resistance just below the purple 20-Day MA on the chart. The 50-Day line is a key intermediate ...
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