Metals News
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An armed robber disguised as a pensioner made off with Ł2.5million worth of jewellery after he pulled a gun on the cashier at a luxury watch store in Monaco. The crook appeared to be wearing a latex mask, and donned a suit and flat cap to make him look like an old man and conceal his identity - fooling unsuspecting passersby as he held up the shop. The ...
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One of the largest surviving gold nuggets found in the western hemisphere is a breathtaking nugget named The Boot of Cortez. It is an amazing piece of gold, weighing in at a massive 389.4 troy ounces. In 1989, an amateur treasure hunter in Mexico purchased an entry-level metal detector at a local Radio Shack and ventured out into the forbidding Sonoran ...
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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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China's service economy expansion accelerated in May as greater new business inflows spurred faster services activity growth. New export business also increased at the fastest pace in a year. In turn, service providers expanded their staffing levels, which supported the clearance of backlogged orders. Price pressures intensified, however, with firms raising ...
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Copper fell below $10,000/t as a sharp rise in global inventories prompts traders to zero in on weak condi,tions in the spot market. Stockpiles on the Shanghai Futures Exchange have climbed to the highest since 2020, and there have also been a steady stream of smaller inflows into Asian depots tracked by the London Metal Exchange over the past few weeks. ...
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Mining at Sibanye-Stillwater’s Kroondal and K6 platinum group metal (PGM) mines has been disrupted after hundreds of employees staged illegal protest action, the group said on Tuesday. The protest started on June 3 at Kroondal West’s Kwezi shaft involving 211 employees who remained underground after the morning shift. A further 250 night shift employees are ...
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US job openings fell in April to the lowest level in over three years, consistent with a gradual slowdown in the labor market. Available positions decreased to 8.06 million from a ...
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The world economy is headed for a soft landing, inflation is going down, and rate cuts are coming, according to Kristalina Georgieva, International Monetary Fund managing ...
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video A rebound in inflation or stickier than anticipated price pressures would force the RBA to hike interest rates again, Reserve Bank governor Michele Bullock has told a ...
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The number of job openings changed little at 8.1 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of ...
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Key statistics: The Australian economy rose 0.1% in seasonally adjusted chain volume measures In nominal terms, GDP rose 1.4% The terms of trade rose 0.2% Household saving to ...
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China's service economy expansion accelerated in May as greater new business inflows spurred faster services activity growth. New export business also increased at the fastest ...
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video Gold holds support around the 50-Day MA for the fourth day in a row on Tuesday. It remains sandwiched between resistance around the purple 20-Day MA and the 50-Day line for support. Although gold has dipped below the 50-Day line intraday in the last two days, it has ended the sessions at or above the 50-Day line. Watch where it ends today to see if ...
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Gold prices plummeted 5.48% off the record highs registered last month with XAU/USD now testing longer-term trend support. The focus is on a breakout of the weekly / monthly opening-ranges as we head into major event risk early in the month. These are the updated targets and invalidation levels that matter on the XAU/USD short-term technical charts. chart ...
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CME Group, the world's leading derivatives marketplace, today reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, up 4% from May 2023. The company's interest rate and metals products also reached May ADV records, as its deeply liquid U.S. Treasury complex hit a new single-day record of ...