Metals News
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Thieves are increasingly raiding solar power stations across Japan for copper transmission wiring as prices for the metal have surged globally. Local governments are planning ordinances to regulate trade in the metal, but they are seeking nationwide legal measures to discourage the thefts. One solar power farm in Ichikawa, Chiba Prefecture, was hit by ...
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Workers in Central Asia made a “mammoth” discovery earlier this month. Laborers came across the bones of an ancient mammoth while quarrying on June 2. In a press release, Kyrgyzstan’s Ministry of Culture explained that the remains were found in “the sandy areas of the ancient floodplain of the Jyrgalang River.” Kyrgyzstan is a landlocked country surrounded ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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China’s monthly streak of gold buying for central bank stockpiling has come to an end. Natural gas traders are skittish over any potential disruptions that could throw markets into disarray. And the US Department of Agriculture releases its latest supply-and-demand estimates Wednesday, with insights on how strong crop conditions are being incorporated into ...
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Gold confirmed its new bull market. That’s the conclusion from the 10-year gold price chart. The gold chart over 10 years requires chart annotations though. This article provides gold’s 10-year chart with our chart annotations to help readers understand the message of the chart – it’s a bullish message. We start with a gold price chart over 10 years without ...
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Oil prices held up relatively well on Friday considering the stronger-than-expected US jobs report and the resulting strength in the USD and US treasury yields. The data will also likely push back expectations on when the Fed may start cutting rates. However, broader sentiment in the oil market remains bearish. Oil has settled lower for three consecutive ...
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The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely ...
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USD, CAD, Gold, Copper, VIX, Wall Street analysis: CFutures traders reduced net-long exposure to the USD by -$4.4 billion according to the IMM (International Money Market). • ...
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Two years ago, we started raising interest rates because inflation was far too high. Today, the situation is improved. Although some prices are still going up markedly, especially ...
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French President Emanuel Macron said Sunday he was dissolving the National Assembly and calling a snap legislative election after his party suffered a heavy defeat in elections ...
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The index measures the monthly evolution of the volume of industrial production (excluding construction). From January 2022 the indices are calculated as annual chain-linked ...
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post: GERMAN GOVERNMENT SPOKESPERSON: GERMANY ISN'T CONTEMPLATING A SNAP ELECTION AS A RESULT OF EU ELECTION OUTCOME.
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Silver prices returned to the upside on Monday, gaining 1.6 percent to trade at $29.85 per ounce at the time of writing. The commodity is making an attempt to return to the psychological support level of $30 per ounce, which it broke on Friday following the release of US Nonfarm Payrolls data. XAGUSD drew a long bearish candlestick, losing 6.14 percent ...
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Gold has stabilized near May’s floor of 2,285 after losing more than 3.0% on Friday to mark its biggest daily loss in two years. The price’s current lackluster performance indicates a probable bearish continuation, given its drop below the 20- and 50-day SMAs and beneath the significant trendline zone at 2,325. The technical indicators align with this ...
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The Perth Mint sold 23,238 troy ounces (oz) of gold and 796,934 oz of silver in minted product form during May 2024. Opening the month around USD 2,300, the gold price in US dollar terms generally tracked flat before jumping higher by 1.5% off the back of weaker US jobs data which reinforced the potential for a Fed rate cut. On May 20 bullion hit a record ...