Metals News
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Rosie Huntington-Whiteley set pulses racing as she posed completely nude in a daring snap she shared on Wednesday. The model, 37, is currently enjoying the Cannes Film Festival in France and has given her social media followers a glimpse into her trip. In one photo, the Transformers star posed naked on her hotel bed while showcasing her pert bottom. Rosie ...
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A 10.20-carat pink diamond, thought to be the most important of its cut and color to be offered in 12 years, is expected to realize up to $12 million at an upcoming jewelry sale at Christie’s in New York. The round brilliant-cut, fancy-intense-pink, internally flawless diamond will headline the June 11 Magnificent Jewels auction, Christie’s said Tuesday. ...
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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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UK private sector activity registered a solid expansion in May as a resurgence in manufacturing production supplemented a further, albeit slower, upturn in services output. Business activity growth was again accompanied by a rise in new order volumes and an uptick in export sales, but ongoing hiring challenges meant that the rate of job creation remained ...
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Global mining heavyweights including Lundin Mining Corp., Glencore Plc and First Quantum Minerals Ltd. are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes. It’s part of a colossal wave of spending needed worldwide to prevent a supply ...
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We have seen a sizeable drop in precious metals prices today, with gold off by 1.2% and silver about 2% worse off compared to Tuesday’s close. The drop has coincided with a recovery in the US dollar. We have heard some hawkish-leaning remarks from various Fed officials this week, while the RBNZ talked up the prospects of another rate rise overnight. In the ...
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LME copper opened at $10,605/mt overnight, initially reaching a high of $10,605/mt before trending downward. By the end of the trading session, it touched a low of $10,363/mt and ...
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An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the ...
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Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest ...
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post: FOMC Minutes: Fed Officials Note 'Disappointing' Inflation Readings in First Quarter FOMC Minutes: Officials Discuss Holding Rates Steady For Longer if Inflation Doesn't Fall FOMC Minutes: Officials Still Think Monetary Policy Is Restrictive, But Uncertain About DegreeMinutes of the Federal Open Market Committee April 30–May 1, 2024 Developments in Financial Markets and Open Market Operations The manager turned first to a review of developments in financial markets. Domestic data releases over the intermeeting period pointed to inflation being more persistent than previously expected and to a generally resilient economy. Policy expectations shifted materially in response. The policy rate path derived from futures prices implied fewer than two 25 basis point rate cuts by yearend. The modal path based on options prices was quite flat, suggesting at most one such rate cut in 2024. The median of the modal paths of the federal funds rate obtained from the Open Market Desk’s Survey of Primary Dealers and Survey of Market Participants also indicated fewer cuts this year than previously thought. Respondents’ baseline expectations for the timing of the first rate cut—which had been concentrated around June in the March surveys—shifted out significantly and became more diffuse. Treasury yields rose materially over the intermeeting period. At shorter maturities, the increase appeared to largely reflect higher inflation compensation, while at longer maturities, it was attributable mostly to a higher expected path for the real policy rate and higher real risk premiums. Model estimates suggested that inflation expectations rose some, but mostly at post: FED MINUTES: PARTICIPANTS AT THE MEETING ASSESSED IT WOULD TAKE LONGER THAN PREVIOUSLY ANTICIPATED TO GAIN GREATER CONFIDENCE IN INFLATION MOVING SUSTAINABLY TO 2%. post: FED MINUTES: VARIOUS PARTICIPANTS MENTIONED WILLINGNESS TO TIGHTEN POLICY FURTHER SHOULD RISKS TO OUTLOOK MATERIALIZE AND MAKE SUCH ACTION APPROPRIATE. post: Fed Staff’s Economic Projection Was Similar to March Outlook, but Noted That Deteriorating Household Financial Positions, Especially for Lower-Income Households, Might Prove to Be Bigger Drag on Activity Than Anticipated
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Business activity rose in Germany for the second month running and at a faster rate in May, the latest HCOB ‘flash’ PMI survey compiled by S&P Global showed. Alongside stronger ...
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The economic recovery in the eurozone gained momentum in May, according to provisional PMI survey data. Faster increases in business activity, new orders and employment were all ...
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Gold and silver futures continued their record gains this week, supported by expectations of Federal Reserve policy and strong investor and retail demand. While precious metals prices gave up some of their overnight gains, gold and silver prices remained elevated. According to gold trading platforms, gold futures rose to $2450.80 an ounce, a new all-time ...
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video Gold lost its upward momentum and fell below the lows of the past two days before finding support at a three-day low of 2,375. However, trading remains near the lows of the day at the time of this writing. Sellers took control today following Monday’s new record high of 2,450. That day closed weak, with the price of gold ending in the lower half 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 ...