Metals News
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The watch-collecting community was out in force this week as Only Watch, Christie’s, Sotheby’s, Phillips, and Antiquorum made up the collective of Geneva’s Spring Watch Auctions. Highlights included 47 one-of-a-kind pieces at Only Watch, rare watches from Michael Schumacher’s personal collection at Christie’s, and some extraordinary timepieces from Italian ...
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In advance of today's CPI and Real Earnings releases, BLS inadvertently loaded a subset of files to the website approximately 30 minutes prior to the release. BLS has alerted the Office of Management and Budget and DOL's Office of the Inspector General of the incident. BLS takes its data security seriously and is conducting a full investigation into its ...
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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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After sitting proudly at number one in 2021 and number two for 2022, Western Australia has slid to 4th in the 2023 survey of mining investment destinations produced by the Fraser Institute. The Canadian policy think-tank has named Utah as the most attractive jurisdiction in the world for mining investment, with Nevada and Saskatchewan also moving above WA ...
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The watch-collecting community was out in force this week as Only Watch, Christie’s, Sotheby’s, Phillips, and Antiquorum made up the collective of Geneva’s Spring Watch Auctions. Highlights included 47 one-of-a-kind pieces at Only Watch, rare watches from Michael Schumacher’s personal collection at Christie’s, and some extraordinary timepieces from Italian ...
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Industrial production in the United States in April remained unchanged in April compared to the month prior, the Federal Reserve shared in its report posted on Thursday. The industrial output fell 0.4% year over year. Manufacturing production edged down 0.3% month on month and 0.5% compared to April 2023. Mining lost 0.6% compared to March and saw an annual ...
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Here are some things I think I am thinking about this week: 1) CPI comes in soft: Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key ...
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The new tariffs on Chinese electric vehicles, semiconductors and medical supplies announced by the Biden administration on Tuesday raised questions for U.S. consumers and prompted ...
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The global economic expansion unfolded at the fastest pace in ten months at the start of the second quarter of 2024, supported by broad-based growth across both manufacturing and ...
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In the week ending May 11, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 10,000 from the previous week's revised level. The previous week's ...
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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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Euro area financial stability conditions have improved as recession risks decline, but markets remain exposed to possible adverse macro-financial and geopolitical surprises Tight ...
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It’s rare when a target is reached so perfectly as it’s the case in the USDX right now. In yesterday’s analysis, I provided a lot of contexts for the current prices moves. Today, I’ll focus on the short-term price moves and I’ll start with the market where we saw the clearest, immediate-term indication: the USD Index. The Fibonacci retracement levels ...
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Silver initially shot higher during the trading session on Wednesday but has given back quite a bit of the gains as we tried to break out. Ultimately, silver is a market that is highly manipulated, and you need to be aware of this. J.P. Morgan has spent millions paying off fines for doing exactly this, but when you make billions, that’s just the “cost of ...
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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 ...