Metals News
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One of Britain’s top hedge fund managers lost a legal fight over the salvage of $40 million of silver from the wreck of a ship sunk by a Japanese submarine in World War II. The UK’s Supreme Court on Wednesday declared that the South African government could assert state immunity in a suit brought by a company controlled by hedge fund chief Paul Marshall. At ...
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A vehicle of a private logistics company that was carrying 810 kg gold bars, worth approximately `562 crore from Coimbatore to Salem overturned on the roadside near Chithode early on Tuesday. Police said the gold belonged to a private dealer and there was no illegality in it. An officer in Erode district police said, “The van left Coimbatore for Salem on ...
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When it comes to Contracts for Difference (CFDs), one of the most common questions among traders is how long do you hold a CFD? Unlike some financial instruments, CFDs do not have a fixed expiry date and therefore traders can use different trading strategies at their will. Nevertheless, the period that you keep a derivative will affect both your trading ...
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Bitcoin experienced a slight decline of 0.2% against the dollar in the last session, following a notable rise of 1.8% earlier in the session. The Rate of Change (ROC) indicator is signaling positivity. Amazon shares experienced a minor correction, dropping by 0.1% in the last session. However, the Moving Average Convergence Divergence (MACD) indicator is ...
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Gold remains intact after briefly falling below the psychological 2300 level. On the chart, the price seeks to consolidate after a $30 whipsaw swing, which saw a recent high at 2325. Zooming into the hourly chart, a drop below the first support 2280 will dent the impetus, causing some short-term buyers to take profit. 2160 at the base of the recent rally is ...
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post: PBOC SETS YUAN MID-POINT AT 7.1016 / DLR VS LAST CLOSE 7.2181PBOC sets USD/ CNY mid-point today at 7.1016 (vs. estimate at 7.2202) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2181. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%.
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The Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before the next federal election, due next May. That’s a big change ...
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Differences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund ...
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One hears little today of the US “twin deficits,” a phrase familiar during the 1980s when the US had consistently run both federal budget deficits and international trade ...
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Bank of Japan Governor Ueda: • Don't see yen moves as having a big impact on trend inflation so far but there is risk impact could become more significant in the future. • Don't ...
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According to preliminary information from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector fell by 0.4% in March 2024 ...
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Boston Fed President and CEO Susan M. Collins' remarks, and a fireside chat with Kristin Forbes, Jerome and Dorothy Lemelson Professor of Management and Global Economics at Sloan, are being livestreamed. 1. Collins remains optimistic that inflation can be brought back to 2 percent in a reasonable amount of time and with a labor market that remains healthy. But she is realistic about the risks and uncertainties around that outlook. Uncertainty remains high in terms of the timing and full impact of monetary policy. 2. Stronger-than-anticipated inflation and economic activity suggest that achieving the Fed’s dual mandate goals may take longer than previously thought, and progress may be uneven. Monetary policymaking in the current context requires patience and methodical assessment of the available constellation of information. 3. There was noticeable progress last year towards price stability, driven largely by favorable supply developments (including labor productivity). But such rapid supply improvements may not continue, making demand moderation important. Collins expects that slower growth will be needed to achieve a better balance with supply and ensure the economy remains on a path towards price stability. 4. The current policy stance, which Collins views as be post: FED’S COLLINS: EXPECTS DEMAND WILL NEED TO SLOW TO GET INFLATION TO 2% || FED POLICY WELL POSITIONED FOR CURRENT OUTLOOK || MONETARY POLICY IS ‘MODERATELY’ RESTRICTIVE
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Gold remains intact after briefly falling below the psychological 2300 level. On the chart, the price seeks to consolidate after a $30 whipsaw swing, which saw a recent high at 2325. Zooming into the hourly chart, a drop below the first support 2280 will dent the impetus, causing some short-term buyers to take profit. 2160 at the base of the recent rally is ...
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Gold prices are holding near the 50-period simple moving average (SMA) and the mid-level of the Bollinger band, trading within a sideways channel of 2,277-2,332 in the 4-hour chart. According to technical oscillators, the MACD is losing momentum beneath its trigger line in the positive territory, while the RSI is ticking down, meeting the neutral threshold ...
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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 ...