Metals News
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A guest on the popular show Antiques Roadshow brought with her an amethyst necklace, a family heirloom, that supposedly belonged to a British socialite and the mistress of King Edward VII. If the guest was looking for a nice pay day, her hopes were quickly dashed when jewelry expert Sarah Churgin appraised the piece at just '$3,000 to $4,000' after ...
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A couple who found a hoard of ancient coins under their floor during a home renovation have sold the lot for $115,000 at auction. Brits Becky and Robert Fooks were doing up their farmhouse kitchen when they accidentally hit pay dirt – an urn filled with 400-year-old gold and silver coins, which fetched £60,000 (about $AU115,000) under the hammer. They ...
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The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
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Endeavour Mining has completed the first gold pour at its Sabodala-Massawa BIOX Expansion project in Senegal. This milestone was reached two years after the start of construction, marking a transformational step in establishing the Sabodala-Massawa Complex as a tier 1 mining operation. The company has processed around 50,000mt of ore since the wet ...
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Some of last week’s headlines will say that gold has had a “correction” to varying degrees. Technically, a “correction” means a 10% price drop, although most people don’t use the word in a technical sense. I wonder, though, whether it’s correct to say that it has been a tepid week of gold price fluctuations considering the historic price level of $2,330… ...
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These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net mortgage approvals for house purchases rose from 60,500 in February to 61,300 in March, the highest number of ...
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To Robin Brooks, the former chief currency strategist at Goldman Sachs Group Inc., Japan’s massive government debt — for now at least — is likely to doom any efforts to prop up ...
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Asia-Pacific markets were largely set to extend gains on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers’ index for April. ...
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As the Fed's policy-setting committee gathers for a two-day meeting Tuesday, it is being forced to wrestle with an uncomfortable question: Is its interest rate policy really doing ...
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China’s factory activity remained in expansion territory for the second consecutive month in April, in the latest sign that the economic recovery is picking up pace. The official ...
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The improvement in Chinese manufacturing sector conditions extended into the start of the second quarter, according to the latest PMI data. Greater new work inflows, including ...
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post: PBoC Fixes USDCNY Reference Rate At 7.1063 (prev fix 7.1066 prev close 7.2250) post: PBoC To Inject CNY440Bln Via 7 Day Reverse Repos At 1.8% In Open Market Ops
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Markets are connected, and what happens in stocks and currencies is likely to impact gold as well. Today’s analysis is going to be short as very little happened on the markets on Friday and in today’s pre-market trading, and whatever happened was pretty much in tune with what I wrote previously. Gold didn’t do much overall – it moved slightly higher on ...
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Gold prices have bounced back in the first half of Monday’s session after last week’s drop, when investors finally reacted to the recent strength of the US dollar and reduced expectations for Federal Reserve rate cuts on the back of more evidence of sticky inflation. In truth, traders were looking for any excuse to book some profit. But after the recent ...
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FNG has learned via regulatory filings that FCA licensed Retail FX, CFDs and spread betting broker Acetop Financial Limited (website: acetop.uk) saw a significant increase in activity in 2023, led by active Spot Gold trading among its clients. Revenues at Acetop increased by more than 300% in 2023, coming in at £757K versus just £181K in 2022. We’d note, ...