Metals News
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A juror in a Minneapolis trial related to $250 million in stolen pandemic aid reported that she had a sack with $120,000 in cash delivered to her door — and a note promising more if she voted to acquit. The bribe was delivered to the juror’s home in on Sunday evening — just hours before the jury was due back in court to hear the final closing arguments in ...
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China landed an uncrewed spacecraft on the far side of the moon on Sunday (Jun 2), overcoming a key hurdle in its landmark mission to retrieve the world's first rock and soil samples from the dark lunar hemisphere. The landing elevates China's space power status in a global rush to the moon, where countries including the United States are hoping to exploit ...
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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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Major central banks are gearing up to cut interest rates. But like their hiking cycles, this cutting cycle will be far from typical, we think. Why? The ECB is set to start easing before the Fed, but a wider policy gap between them will be temporary, in our view, even if a Fed hike is not impossible. Central banks are eyeing rate cuts with inflation still ...
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Key statistics: • The current account balance, seasonally adjusted, declined $7,563m to a deficit of $4,896m. • The capital and financial account surplus was $8,307m, an increase of $16,912m on the December quarter 2023 deficit. • The net international investment liability position was $730,268m at 31 March 2024. table The current account balance ...
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Stocks ended mixed, with the Nasdaq up and the Dow and Russell 2000 down, retracting after a positive opening that followed Friday's rally. The S&P 500 notably rebounded from its prior lift-off level. Despite initial steep drops—the Dow over 300 points and the Nasdaq by 250 points—both significantly recovered from their daily lows in a session marked by ...
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Robert Kaplan, Goldman Sachs vice chairman, joins 'Closing Bell' to discuss the Fed, inflation and the economy.
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“A lack of further progress” on the inflation front since the start of the year led the Federal Open Market Committee to hold the fed funds target range at 5.25%-5.50% for a sixth ...
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When a guard patrolling Poland’s eastern border was attacked by a migrant trying to illegally cross from Belarus last month, Prime Minister Donald Tusk rushed to the scene. ...
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Key statistics: • The current account balance, seasonally adjusted, declined $7,563m to a deficit of $4,896m. • The capital and financial account surplus was $8,307m, an increase ...
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Silver price is near the $30 level again; PMI data in focus. The silver futures contract lost 3.47% on Friday, May 31, as it extended its Thursday’s sell-off of 2.6%, retracing almost all of its Monday’s-Tuesday’s rally. On previous week, silver sold off to around the $30 level. It reacted negatively to the stock market’s pullback, along with declining gold ...
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Asian share markets were buoyant on Monday on refreshed hopes that central banks will be better placed to cut rates this year. While a key US inflation report on Friday saw the headline figures come in as expected, real spending was -0.1% lower and a print of core PCE of 0.2% m/m was its slowest rate of inflation since November. I wouldn't go as far as to ...
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Dear Client, Please find our updated Trading schedule and general information related to the Juneteenth National Independence Day on Wednesday, 19 June, 2024. Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing. ...