Metals News
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Senator Bob Menendez’s bribery trial began Wednesday with a US prosecutor telling jurors that the New Jersey Democrat took cash, gold bars and a luxury car from two businessmen to perform favors for them and corruptly help the Egyptian government. Menendez, the former chairman of the Senate Foreign Relations Committee, is also accused of illegally helping ...
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Sylvester Stallone is about to score a massive payday after putting his watch collection up for auction, because one of the timepieces could fetch a literal king's ransom. As you might have heard, the 'Rocky' star is selling 11 watches from his personal collection through Sotheby's next month ... and one crown jewel, in particular, has a watch expert going ...
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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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Markets expressed mild relief toward a pair of US inflation and consumer spending prints that change nothing yet for the FOMC. The result had markets gently piling into the US front-end, driving a weaker dollar, and putting a bid to US equities. That’s a sensible market reaction in a positioning sense that has been programmed to be surprised by higher core ...
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Precious metals were looking strong even before the release of US CPI data, with gold holding in a bullish consolidation pattern following last week’s 2.5% gains and silver was already on the ascendency over the past couple of days. Both metals rallied once the CPI report was released, and after some profit-taking, recovered again to rise to fresh session ...
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Senator Bob Menendez’s bribery trial began Wednesday with a US prosecutor telling jurors that the New Jersey Democrat took cash, gold bars and a luxury car from two businessmen to perform favors for them and corruptly help the Egyptian government. Menendez, the former chairman of the Senate Foreign Relations Committee, is also accused of illegally helping ...
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Forecasters expect a monthly report on US consumer prices to show inflationary pressures moderated in April after three straight worse-than-anticipated readings to start the year. ...
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The pace of price increases in the US showed signs of slowing last month, after a streak of higher-than-expected inflation data had stoked concerns about the world's largest ...
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US consumers could be reaching their breaking point. After dealing with elevated inflation and the highest interest rates in decades, they’re starting to rein in their spending. ...
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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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Retail sales were weaker than expected in April, furthering concerns about the state of the consumer amid sticky inflation and higher interest rates. Retail sales were flat in ...
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post: Fed’s Kashkari: Fed is Focused on Underlying Demand in the Economy to Get Inflation Down Kashkari: Americans Have Been Spending More Than I Would Have Expected post: <=USD>:*FED'S KASHKARI: NEED TO PAY MORE ATTENTION TO ACTUAL INFLATION post: KASHKARI: HOUSING MKT HAS BEEN MUCH MORE RESILIENT THAN I WOULD HAVE EXPECTED KASHKARI: VERY FOCUSED ON HOUSING AREA RIGHT NOW post: FED'S KASHKARI: THE BIG QUESTION MARK NOW IS, HOW RESTRICTIVE IS POLICY RIGHT NOW? post: KASHKARI: WE PROBABLY NEED TO SIT HERE FOR A WHILE LONGER TO FIGURE OUT WHERE INFLATION IS HEADED
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video Buyers stepped up on Wednesday to help push the price of gold to a new trend high of 2,390. A bullish breakout triggered on the weekly chart on a move above last week’s high of 2,378. At the time of this writing the high of the day is 2,390. Today’s advance took gold back above a top channel line, which has been tested as resistance several times in ...
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Precious metals were looking strong even before the release of US CPI data, with gold holding in a bullish consolidation pattern following last week’s 2.5% gains and silver was already on the ascendency over the past couple of days. Both metals rallied once the CPI report was released, and after some profit-taking, recovered again to rise to fresh session ...
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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 ...