Metals News
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An air hostess was arrested for allegedly smuggling nearly one kilogram of gold from Muscat to Kannur by concealing it in her rectum, a DRI source said today. Based on specific intelligence by DRI Cochin, officers of the Directorate of Revenue Intelligence (DRI - Kannur) intercepted the cabin crew member named Surabhi Khatun, a native of Kolkata, who ...
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Archaeologists have unearthed gold jewelry, arrowheads, and a large, bronze mirror from roughly 2,000-year-old burial mounds in the Turkistan region of southern Kazakhstan. The artifacts are thought to have been made at the time of the Kangju state, a little-known entity that ruled the region between the fifth century B.C. and the fourth century A.D. ...
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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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Inflation in Tokyo accelerated in May, keeping the Bank of Japan largely on track to consider a rate hike in coming months even as the economy continues to show signs of weakness. Consumer prices excluding fresh food rose 1.9% in May in the capital, ministry of internal affairs data showed Friday. The result, which matched economists’ consensus estimate, ...
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China's manufacturing PMI fell to a three-month low of 49.5 China's May manufacturing PMI fell to 49.5, down from 50.4 in April. May's manufacturing PMI marked a 3-month low and was disappointing after the recent strength of industrial activity data. The PMI came in notably weaker than both the market and our forecasts, which expected an uptick. The main ...
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video Gold fell to a new pullback low of 2,322 where it found support and bounced. That low completed a successful test of support at the 50-Day MA (2,324), as price was rejected to the upside. Also, notice that today’s high of 2,352 provided another test of resistance just below the purple 20-Day MA on the chart. The 50-Day line is a key intermediate ...
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US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, ...
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Federal Reserve Bank of New York President John Williams said he expects inflation to continue falling in the second half of this year, adding that elevated borrowing costs are ...
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The impact of former President Donald Trump’s historic guilty verdict has yet to set in on Wall Street. From round-the-clock currencies to after-hours equity trading, most ...
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Euro area annual inflation is expected to be 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union. ...
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post: DONALD TRUMP FOUND GUILTY ON ALL 34 COUNTS HE FACED AT HUSH MONEY CRIMINAL TRIAL -JURY VERDICTJury reaches verdict in Donald Trump's hush money case The jury has reached a verdict in the historic criminal case against former President Donald Trump. The verdict in the first criminal case against a former president will be read shortly in the New York City courtroom where Trump has been on trial since April 15. “We the jury have a verdict. We would like an extra 30 minutes to fill out the forms if that’d be possible,” the jury's 4:20 p.m. note said, which was read aloud in court by Judge Juan Merchan. The jury deliberated for about 9.5 hours. Trump was in the courtroom awaiting the verdict, sitting with his arms crossed. Trump was charged with 34 counts of falsifying business records related to a hush money payment to adult film star Stormy Daniels in the final weeks of the 2016 presidential election. He pleaded not guilty. post: BREAKING: Donald Trump to be sentenced on July 11
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Poor data from China. Manufacturing PMI 49.5 and back into contraction expected 50.5, prior 50.4 Services 51.1, missing estimates and falling below April's result. Still in ...
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Gold markets initially plunged during the trading session on Thursday but have turned right back around to show signs of life as it looks like we are ready to go higher given enough time. I also recognize that there is a massive amount of support underneath anyway, so this all ties together quite nicely. Ultimately, I do believe that this market goes higher ...
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The quotes of XAG/USD continue to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, prices for Silver are 31.35. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of ...
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