Metals News
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An armed robber disguised as a pensioner made off with £2.5million worth of jewellery after he pulled a gun on the cashier at a luxury watch store in Monaco. The crook appeared to be wearing a latex mask, and donned a suit and flat cap to make him look like an old man and conceal his identity - fooling unsuspecting passersby as he held up the shop. The ...
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One of the largest surviving gold nuggets found in the western hemisphere is a breathtaking nugget named The Boot of Cortez. It is an amazing piece of gold, weighing in at a massive 389.4 troy ounces. In 1989, an amateur treasure hunter in Mexico purchased an entry-level metal detector at a local Radio Shack and ventured out into the forbidding Sonoran ...
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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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We look at different scenarios ahead of this Thursday’s ECB announcement. With expectations firmly centred on a 25bp rate cut, most of the focus will be on comments on inflation and future easing. A “hawkish cut” may provide some support to the eurozone yields, but the next big move in EUR/USD should still be caused by US macro developments. In rates ...
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Copper prices dipped below the key mark of $10,000 a metric ton on Tuesday for the first time in three weeks as consolidation continued due to lacklustre demand in top consumer China. Three-month copper on the London Metal Exchange fell 1.6% to $9,979.5 a ton as at 1056 GMT. It earlier dipped to $9,964.5, the lowest since May 13. “The United States’ ...
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post: THE BOJ IS SAID TO MULL REDUCING BOND BUYS AS EARLY AS THE JUNE MEETING. post: THE BOJ SAID TO WATCH MARKETS TILL THE LAST MOMENT BEFORE DECIDING, WHILST HAVING NO INTENTION TO SURPRISE BOND TRADERS.
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The number of job openings in the US shrank for the second month in a row, setting a new three-year low amid further signals of cooling in the labor market. There were 8.06 ...
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President Joe Biden sat down for an interview with TIME at the White House on May 28. Over the course of the interview, Biden spoke at length about his foreign policy agenda, ...
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We look at different scenarios ahead of this Thursday’s ECB announcement. With expectations firmly centred on a 25bp rate cut, most of the focus will be on comments on inflation ...
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The number of job openings changed little at 8.1 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of ...
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post: THE BOJ IS SAID TO MULL REDUCING BOND BUYS AS EARLY AS THE JUNE MEETING. post: THE BOJ SAID TO WATCH MARKETS TILL THE LAST MOMENT BEFORE DECIDING, WHILST HAVING NO INTENTION TO SURPRISE BOND TRADERS.
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US factory orders for April 2024 • Prior month 0.7% • factory orders 0.7% versus 0.6% expected • durable goods orders 0.6% revised from 0.7% preliminary • Ex transportation 0.4% ...
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The US Dollar is grasping on to support as we near some significant headline risk that could be pertinent to the Greenback. Tomorrow brings a Bank of Canada rate decision with a high probability of a rate cut; and a rate cut has long been expected for the ECB meeting the day after. Non-farm Payrolls is of interest, as it was last month’s headline miss, the ...
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Bearish market anticipation is looming over oil markets with oversupply concerns. OPEC supply policies are not guaranteed to shift by October, yet the market priced in an oversupply amid a weaker demand outlook for the economies. JOLTS Job openings are in sight today for an early insight on the employment state and economic activity potential, ahead of the ...
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CME Group, the world's leading derivatives marketplace, today reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, up 4% from May 2023. The company's interest rate and metals products also reached May ADV records, as its deeply liquid U.S. Treasury complex hit a new single-day record of ...