Metals News
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Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86. He died today in New York City, according to his charitable foundation, which didn’t cite a cause. In turning from academia to investing as he entered his 40s, Simons ...
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An Ontario man is facing charges in connection with the largest gold heist in Canadian history at Toronto Pearson airport last year, Peel Regional Police say. Archit Grover, a 36-year-old man from Brampton, was arrested at the airport on Monday after arriving on a flight from India, the force said in a news release Thursday. His arrest comes after Peel ...
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When the yield curve flattens and eventually inverts, you worry. But it’s when a recession hits, the Fed cuts rates and the curve steepens that you become s**t scared. Yield curve dynamics represent a crucial macro variable, as they inform us on today’s borrowing conditions and on the market future expectations for growth and inflation. An inverted yield ...
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Ms Schnabel noted that since the Governing Council’s previous monetary policy meeting on 6-7 March 2024 financial markets had started to price in some divergence between the monetary policy paths expected in the euro area and in the United States. This was reflected in a widening interest rate differential. In the United States, a series of solid economic data releases had signalled the US economy’s resilience to the current levels of interest rates. This had led financial markets to expect the timing of a first interest rate cut to be later and the overall extent of monetary policy easing to be less than previously anticipated. post: ECB ACCOUNTS: THE WIDELY AGREED PRICE DATA IS IN LINE WITH THE MID-TERM PATH. post: ECB ACCOUNTS: UNDERLYING INFLATION PROGRESS WAS GENERALLY SEEN. post: ECB ACCOUNTS: IT WAS SEEN AS PLAUSIBLE THAT THE GOVERNING COUNCIL WOULD BE IN A POSITION TO START EASING MONETARY POLICY RESTRICTIONS AT THE JUNE MEETING.
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post: PBOC QUARTERLY REPORT: WE KEEP THE YUAN BASICALLY STABLE. post: PBOC QUARTERLY REPORT: REITERATERS FLEXIBLE, APPROPRIATE, TARGETED MONETARY POLICY. post: PBOC QUARTERLY REPORT: MILD PRICE REBOUND IS AN IMPORTANT POLICY CONSIDERATION. post: PBOC QUARTERLY REPORT: WE WILL KEEP THE PRICE AT A REASONABLE LEVEL.
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Aluminium prices dipped on Friday after the London Metal Exchange (LME) data came in to show an 88% jump in inventory. The most traded three-month contract for aluminium dipped to as low as $2,537 a metric ton, after inventory data was published in the morning. Loss narrowed since then and it was last trading 0.6% down at $2,544 as at 1044 GMT. Aluminium ...
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The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade expanded at the start of the second quarter of 2024, ...
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China urged the U.S. to create an enabling environment for bilateral relations and cooperation across various fields, noting that the generalization of the concept of national ...
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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations ...
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Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. ...
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Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly ...
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post: FED'S LOGAN: IT IS TOO EARLY TO THINK ABOUT CUTTING RATES. post: FED'S LOGAN: THERE ARE UNCERTAINTIES IF POLICY IS SUFFICIENTLY RESTRICTIVE. post: FED'S LOGAN: IT IS NOT A SOFT LANDING YET. post: FED'S LOGAN: I STILL SEE GOOD REASONS WHY INFLATION WILL HIT 2%. post: FED'S LOGAN: THE NEUTRAL INTEREST RATE LEVEL MAY HAVE RISEN.
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Copper prices were seen breaking out to their highest levels in two years today. A combination of a weaker US Dollar and developments within the Chinese macro backdrop have helped fuel a fresh wave of buying. Copper futures are now up around 30% off the YTD lows and look poised for further gains with price now trading at fresh YTD highs. A jump in US ...
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I believe the silver probably continues to be bullish for a while. However, I want to see a pullback. Closer to the $27 level I will start to scale into a position, but the stop loss just below the $26 level. The target of course is going to be $28.50, but I will do so with a small position.Silver rallied significantly during the course of the trading ...
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CME Group, the world's leading derivatives marketplace, today reported its April 2024 market statistics set a new average daily volume (ADV) record of 26.5 million contracts for the month, up 33% from April 2023, with double-digit growth across all asset classes. Additionally, interest rate, equity index, foreign exchange and options products set new April ...