Metals News
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South Africa has won a legal claim over $43 million worth of treasure from a World War II shipwreck that was found off the country's coast by a British exploration company, the U.K. Supreme Court said on Wednesday. The sinking of the the SS Tilawa — which has been called the "Indian Titanic" — killed 280 people and sent over 2,000 bars of silver plunging to ...
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Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations. The Advisory highlights the means by ...
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Bond markets make the financial world go round, helping to grease the wheels of commerce, allowing economic activity to expand. But when too much debt is issued, it can overwhelm demand, causing borrowing costs to spike which can be detrimental to the economy. This balancing act is attracting plenty of interest right now, especially when it comes to trends ...
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Amid declining stock and real estate markets in China, investors, facing a depreciating currency, increasingly turned to precious metals, with significant purchases of jewelry, bars, and coins reported. Although the exact numbers are uncertain, all hard data pointed to a dramatic shift towards physical metals. Simultaneously, India saw remarkable activity ...
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As at end April 2024, the amount of gold held in London vaults was 8,552 tonnes (a 0.1% decrease on previous month), the lowest holdings since May 2020, valued at $634.3 billion, which equates to approximately 684,132 gold bars. There were also 25,470 tonnes of silver (a 0.6% decrease on previous month), valued at $21.8 billion, which equates to ...
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table The US treasury auctioned off $25 billion of 30 year bonds at high yield of 4.635% The WI (when-issued) level at the time of the auction was 4.642%. The US treasury auctioned off $25 billion of 30-year bonds. The results vs the 6-month averages shows. • High Yield: 4.635 Previous: 4.671% Six-auction average: 4.451% • WI level at the ...
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At the May FOMC meeting, Federal Reserve Chair Jerome Powell suggested the Bank's monetary policy stance was “in a good place”, but it is obvious that officials are concerned ...
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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations ...
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Equities: US stocks closed higher with the S&P 500 Index cresting past a one-month high, spurred by a deceleration in the labor market and dovish remarks from Fed President Mary ...
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table The US treasury auctioned off $25 billion of 30 year bonds at high yield of 4.635% The WI (when-issued) level at the time of the auction was 4.642%. The US ...
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post: SF FED'S DALY (VOTER) Q&A/MERCATUS: INFLATION IS 'GOING TO BE A BUMPY ROAD;' FAR TOO EARLY TO DECLARE VICTORY #Daly #FederalReserve post: FED'S DALY: THE LAST THREE MONTHS HAS LEFT CONSIDERABLE UNCERTAINTY ABOUT THE NEXT FEW MONTHS OF INFLATION. post: DALY: A RANGE OF SCENARIOS THE FED IS FACING RIGHT NOW post: Daly: Still See a “Really Healthy” Labor Mkt and Inflation That is Too High post: ?*DALY: POLICY RESTRICTIVE, MAY TAKE MORE TIME TO LOWER INFLATION
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In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's ...
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You can’t help but notice just how sensitive commodities are to US dollar movements right now. Take the price action on Thursday as a prime example with an unusually large increase in US jobless claims sparking big gains across the complex, seeing names like gold, silver and copper push back towards their YTD highs. The asymmetric reaction provides a sense ...
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Silver prices rallied sharply as US Treasury yields tumbled, and the Greenback weakened as major central banks opened the door to ease policy. At the time of writing, XAG-USD trades at $28.29, up by more than 3.50%. After consolidating below the latest cycle high of $27.733 witnessed on April 26, the grey metal exploded with close to $1.00 gains, clearing ...
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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 ...