Metals News
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Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and JV partner Zijin Mining Group announced today that they would jointly contribute US$1 million (Kina 3.8 million) to help communities in Papua New Guinea’s Enga province in the wake of a landslide in Mulitaka that has claimed an estimated 600 lives. A team of senior Barrick executives has spent the week in ...
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The meme stock influencer Kieth Gill, better known online as Roaring Kitty or DeepFucking Value, opined on YouTube—carefully—on Friday about GameStop’s future as a company. It was his first livestream since 2021. “Do I have to be careful about what I saw here?” the influencer asked, while displaying a background of GameStop’s stock price on Yahoo Finance. ...
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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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Gold trending higher through the week, largely driven by weaker US Treasury yields. As it approached a two-week high, it was short of the May 10 record. But the positive performance has opened the question of whether the yellow metal can hit new record highs in the near future. US yields were lower in the lead-up to NFP, as the broad consensus was that the ...
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Two years ago, we started to raise key interest rates because inflation was too fast. Now the situation is better. Although prices continue to rise, especially in the service sector, overall inflation has slowed considerably. Next year, we will reach the goal of a two percent inflation rate. So we can now lower our policy rates. The most important of them ...
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History rhymes - this time the rhyme in silver is very clear. Let’s start with the ratio. [Quoting my last Friday’s comments] And speaking of those “other markets”, let’s take a look at silver. Let’s start with the ratio between silver and gold as that’s where we recently saw something important and with clear implications for the price of white metal. ...
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US CPI data and Fed to determine the dollar’s fate - Will the BoJ signal that another rate hike is looming? - Pound traders await UK employment and GDP numbers - RBA hike bets ...
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The US government moved closer to imposing new tariffs on solar cells and panels from Southeast Asia after an agency’s initial determination that American manufacturers are being ...
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Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. ...
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History rhymes - this time the rhyme in silver is very clear. Let’s start with the ratio. [Quoting my last Friday’s comments] And speaking of those “other markets”, let’s take a look at silver. Let’s start with the ratio between silver and gold as that’s where we recently saw something important and with clear implications for the price of white metal. ...
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The quotes of XAG/USD continue to move as part of the development of a strong bearish correction and a bullish channel. At the time of publication of the forecast, prices for Silver are 30.26. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential ...
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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 ...