Metals News
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An armed robber disguised as a pensioner made off with Ł2.5million worth of jewellery after he pulled a gun on the cashier at a luxury watch store in Monaco. The crook appeared to be wearing a latex mask, and donned a suit and flat cap to make him look like an old man and conceal his identity - fooling unsuspecting passersby as he held up the shop. The ...
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One of the largest surviving gold nuggets found in the western hemisphere is a breathtaking nugget named The Boot of Cortez. It is an amazing piece of gold, weighing in at a massive 389.4 troy ounces. In 1989, an amateur treasure hunter in Mexico purchased an entry-level metal detector at a local Radio Shack and ventured out into the forbidding Sonoran ...
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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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The US Dollar is grasping on to support as we near some significant headline risk that could be pertinent to the Greenback. Tomorrow brings a Bank of Canada rate decision with a high probability of a rate cut; and a rate cut has long been expected for the ECB meeting the day after. Non-farm Payrolls is of interest, as it was last month’s headline miss, the ...
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China's service economy expansion accelerated in May as greater new business inflows spurred faster services activity growth. New export business also increased at the fastest pace in a year. In turn, service providers expanded their staffing levels, which supported the clearance of backlogged orders. Price pressures intensified, however, with firms raising ...
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After a weak March, central bank gold buying rebounded in April with global net purchases of 33 tons, according to the latest data compiled by the World Gold Council. Net central bank gold buying in March was downwardly revised to 3 tons with the late reporting of a 12-ton sale by the Phillippines. Uzbekistan, Thailand, and Jordan also reported large ...
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US job openings fell in April to the lowest level in over three years, consistent with a gradual slowdown in the labor market. Available positions decreased to 8.06 million from a ...
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The world economy is headed for a soft landing, inflation is going down, and rate cuts are coming, according to Kristalina Georgieva, International Monetary Fund managing ...
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When markets are calm (read: boring), it’s easier to take a step back from the daily noise and ask ourselves the big picture questions like… …yes, but what’s the Macro EndGame? It ...
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The number of job openings changed little at 8.1 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of ...
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Key statistics: The Australian economy rose 0.1% in seasonally adjusted chain volume measures In nominal terms, GDP rose 1.4% The terms of trade rose 0.2% Household saving to ...
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post: RBA Gov Bullock: If Inflation Proves Sticky, Won't Hesitate To Hike - If Economy Is Much Weaker, Will Be Ready To Ease
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video Gold holds support around the 50-Day MA for the fourth day in a row on Tuesday. It remains sandwiched between resistance around the purple 20-Day MA and the 50-Day line for support. Although gold has dipped below the 50-Day line intraday in the last two days, it has ended the sessions at or above the 50-Day line. Watch where it ends today to see if ...
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Gold prices plummeted 5.48% off the record highs registered last month with XAU/USD now testing longer-term trend support. The focus is on a breakout of the weekly / monthly opening-ranges as we head into major event risk early in the month. These are the updated targets and invalidation levels that matter on the XAU/USD short-term technical charts. chart ...
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CME Group, the world's leading derivatives marketplace, today reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, up 4% from May 2023. The company's interest rate and metals products also reached May ADV records, as its deeply liquid U.S. Treasury complex hit a new single-day record of ...