Metals News
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Police are searching for father and son jewellers from the north-western Indian state of Rajasthan after they allegedly duped an American woman into paying 60 million rupees ($720,000) for items actually worth 300 rupees – less than $4. Cherish Nortez bought what she believed was 14 carat gold chain and a pendant with encrusted diamonds from a retailer at ...
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Thieves are increasingly raiding solar power stations across Japan for copper transmission wiring as prices for the metal have surged globally. Local governments are planning ordinances to regulate trade in the metal, but they are seeking nationwide legal measures to discourage the thefts. One solar power farm in Ichikawa, Chiba Prefecture, was hit by ...
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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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The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to hold steady at 2.6% in 2024 before edging up to an average of 2.7% in 2025-26. That is well below the 3.1% ...
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Analyzing the significance of central bank gold purchases amidst ongoing monetary policy uncertainties and economic signals.
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Canadian auto sales slowed marginally in May (-0.2% m/m, SA) to 1.71 mn units at a seasonally adjusted annualized rate (SAAR) according to Wards Automotive (chart 1). This marks the third consecutive month of declining sales in seasonally adjusted terms, as the growth rate in auto sales continues to ease relative to the second half of 2023 and first two ...
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The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of May 2024 is 3.4%. If 3.4% is the actual year-over-year increase ...
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Dollar dominance—the outsized role of the US dollar in the world economy—has been brought into focus recently as the robustness of the US economy, tighter monetary policy and ...
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Bonds rallied — erasing some of the losses caused by last week’s strong employment data — after an auction of 10-year notes drew unusually strong demand despite its proximity to ...
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Monthly real gross domestic product (GDP) is estimated to have shown no growth in April 2024, following growth of 0.4% in March 2024. Real gross domestic product is estimated to ...
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Chinese consumer price index inflation grew less than expected in May as consumption remained largely languid in the face of an uncertain economic recovery. But producer price ...
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Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. ...
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Gold prices have seen a slight rebound, continuing to trade within a consolidation range. This movement reflects a shift by investors towards safe-haven assets in anticipation of several crucial economic events. The market is characterized by uncertainty as traders await the upcoming US Consumer Price Index (CPI) data and the Federal Reserve meeting, which ...
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The quotes of XAG/USD continue to move as part of the development of a strong and bullish “Wolfe Wave” pattern. At the time of publication of the forecast, prices for Silver are 29.16. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of ...
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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 ...