Metals News
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Kings of the NFL once more, the Kansas City Chiefs received more championship spoils. For the second time in as many years and third time over the past half-decade, the Chiefs received Super Bowl rings on Thursday night, this time in celebration of their Super Bowl LVIII triumph over the San Francisco 49ers. Super Bowl Most Valuable Player Patrick Mahomes, ...
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A giant state-owned Chinese commodities trader is nursing losses after a shipment of copper from Russia worth nearly $20 million went missing, reigniting fears over fraud in the often secretive market for buying and selling raw materials. Wuchan Zhongda Group Co., which had sales of 580 billion yuan ($80 billion) in 2023, bought 2,000 tons of refined copper ...
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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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As we move into the second half of 2024, economic and market expectations have increasingly diverged. Inflation appears to be moderating, but mixed signals on the strength of the labor market and other economic areas have made it hard for investors to gauge when the Federal Reserve might begin to cut short-term interest rates. Other major central banks are ...
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Minneapolis Federal Reserve President Neel Kashkari on Sunday said it's a "reasonable prediction" that the U.S. central bank will cut interest rates once this year, waiting until December to do it. "We need to see more evidence to convince us that inflation is well on our way back down to 2%," Kashkari said in an interview with CBS' "Face the Nation" ...
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In the face of calls around the world to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investment that flowed across borders since Covid struck. An International Monetary Fund analysis sent by request to Bloomberg News shows that the share of global flows has climbed — not fallen — since a shortage of dollars in ...
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In the face of calls around the world to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investment that flowed across borders since ...
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As we approach the halfway mark of 2024, I figured it’d be constructive to check in on the results of this year’s record-breaking elections. The numbers are particularly striking: ...
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Chinese Premier Li Qiang mixed a dash of "panda diplomacy" with a visit to a historic vineyard on Sunday (June 16) to celebrate a thaw in once-icy trade ties with Australia. The ...
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Minneapolis Federal Reserve President Neel Kashkari on Sunday said it's a "reasonable prediction" that the U.S. central bank will cut interest rates once this year, waiting until ...
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Another day, another decline in junior mining stocks. The big decline appears to have re-started - congratulations on your patience. This is one of the virtues that pays particularly well on the markets, and I expect it be the case also this time – I’m expecting a huge payout. What’s happening in the miners at this time seems to confirm what I’ve been ...
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Main scenario: consider short positions from corrections below the level of 2388.89 with a target of 2218.46 – 2161.56. Alternative scenario: breakout and consolidation above the level of 2388.89 will allow the pair to continue rising to the levels of 2500.00 – 2560.00 Analysis: the fifth wave of larger degree (5) is forming on the daily chart, with wave 3 ...
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In response to increasing investor demand for more cost-effective trading solutions, FP Markets, a global multi-asset Forex and CFD broker, has further reduced its spreads across various trading instruments. Christodoulos Psomas, Head of Risk at FP Markets, expressed his enthusiasm for the move and commented: ‘Through the continuous optimisation of our ...