Metals News
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British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. The fines were issued by the Prudential Regulation Authority and the Financial Conduct Authority, whose investigation focused on the period between April 1, 2018, and May 31, 2022. Citi ...
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Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at the age of 87. His daughter Marianne Boesky told The New York Times on Monday that he died in his sleep, and his wife confirmed Boesky’s death to The Washington Post. No cause of death was ...
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Have we mentioned, that we love history? Probably more than just once. What we like on the academic studies which use longterm data is that they offer a bird-like view on the financial markets. The daily noise and ebbs and flows retreat into the background and macroeconomic and geopolitical trends emerge. This top-down analysis helps to design the asset ...
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The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.0% in the 12 months to April 2024, down from 3.8% in the 12 months to March. On a monthly basis, CPIH rose by 0.5% in April 2024, compared with a rise of 1.2% in April 2023. The Consumer Prices Index (CPI) rose by 2.3% in the 12 months to April 2024, down from 3.2% in the 12 ...
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UK inflation data due on Wednesday is expected to fall close to the government’s 2% target. Almost three years on from the start of price spikes, how has the economy changed? After a long, gruelling wait, markets and policy makers are expecting the UK's Office for National Statistics to deliver good news this week. For the first time since July 2021, ...
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Annual consumer price inflation was 5.2% in April 2024, down from 5.3% in March 2024. The CPI increased by 0.3% month-on-month in April 2024. The main contributors to the 5.2% annual inflation rate were: housing and utilities (increased by 5.8% year-on-year and contributed 1.4 percentage points); miscellaneous goods and services (increased by 7.2% ...
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UK inflation data due on Wednesday is expected to fall close to the government’s 2% target. Almost three years on from the start of price spikes, how has the economy changed? ...
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U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England’s 2% ...
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It’s now two years since the RBA first started to raise interest rates, resulting in the biggest tightening cycle since the late 1980s. Rates have gone much higher and stayed high ...
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Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return ...
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The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.0% in the 12 months to April 2024, down from 3.8% in the 12 months to March. On a monthly ...
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Governor Orr speaking at the Reserve Bank of New Zealand Monetary Policy Statement media conference. He is sounding a little less hawkish than the Statement. Q&A: • Will take time ...
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Silver has been very noisy during the trading session here on Tuesday. Yet again we continue to see a lot of questions asked about the market in general. With that being said, I am a bit cautious at this point and I recognize that we might be getting a little overstretched and if that's going to be the case, I would anticipate some type of significant ...
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Silver's price advanced 0.47% on Tuesday but remains trading below a significant eight-year high reached on Monday at $32.51. At the time of writing, the XAG/USD is at $31.96 after hitting a daily low of $31.80. The grey metal remains upward biased even though it failed to crack the year-to-date (YTD) high of $32.51. Although the Relative Strength Index ...
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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 ...