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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Macro Mondays is back with all new charts and analysis... Andreas Steno Larsen is back to break down all the latest news, narratives, and market developments in this week’s edition of Macro Mondays. The founder and CEO of @stenoresearch is joined by his co-host, Mikkel Rosenvold, partner and head of geopolitics at Steno Research, and special guest Mads ...
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Gold prices are trading very tentatively on the back of Friday’s sell-off. Gold futures fell more than 4% in response to the upside surprise in Friday’s US jobs data which saw traders pairing back their September easing expectations. Market pricing for a September cut had been sitting around the 60% mark ahead of the data and has now fallen back to around ...
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On Monday, SHFE was closed due to the Dragon Boat Festival holiday. LME copper opened at $9,831/mt, initially rose slightly, then fell back, hitting a low of $9,808/mt during the session. At the end of the trading session, it surged to a high of $9,913/mt and closed at $9,881/mt, with a gain of 0.11%. Trading volume was 56 lots, and open interest was ...
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Wednesday afternoon, the fate of global financial markets will hang on an array of dots that give clues into how much rate-cutting the Federal Reserve will deliver this year. But ...
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US stocks shrugged off early weakness driven by the right-regime-shift in European elections, treading water on Monday, at least on the surface, following Friday's strong Payrolls ...
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The Federal Open Market Committee blackout period has mercifully spared the public from the cacophony of Fed-speak for nearly two blissful weeks. US Federal Reserve communications ...
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China's Major State-Owned Banks Seen Selling Dollars For Yuan In Onshore FX Market To Stabilize Chinese Currency, Sources Say.
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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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Gold prices are trading very tentatively on the back of Friday’s sell-off. Gold futures fell more than 4% in response to the upside surprise in Friday’s US jobs data which saw traders pairing back their September easing expectations. Market pricing for a September cut had been sitting around the 60% mark ahead of the data and has now fallen back to around ...
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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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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 ...