Metals News
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A guest on the popular show Antiques Roadshow brought with her an amethyst necklace, a family heirloom, that supposedly belonged to a British socialite and the mistress of King Edward VII. If the guest was looking for a nice pay day, her hopes were quickly dashed when jewelry expert Sarah Churgin appraised the piece at just '$3,000 to $4,000' after ...
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A couple who found a hoard of ancient coins under their floor during a home renovation have sold the lot for $115,000 at auction. Brits Becky and Robert Fooks were doing up their farmhouse kitchen when they accidentally hit pay dirt – an urn filled with 400-year-old gold and silver coins, which fetched £60,000 (about $AU115,000) under the hammer. They ...
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The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
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Healthy consumer buying offered further support. Q1 gold demand (excluding OTC demand) slipped 5% y/y to 1,102t, due to continued ETF outflows. Inclusive of sizable OTC buying by investors, total gold demand increased 3% y/y to 1,238t – the strongest first quarter since 2016. Q1 saw no let-up in the pace of central bank gold buying: 290t (net) was added to ...
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Preliminary estimates for April indicate that the index decreased by 1.5 per cent (on a monthly average basis) in SDR terms, after decreasing by 4.7 per cent in March (revised). The non-rural subindex decreased in the month, while the rural and base metals subindices increased. In Australian dollar terms, the index decreased by 1.6 per cent in April. Over ...
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Silver's price dropped sharply late in the North American session, as the Greenback staged a comeback bolstered by the rise in US Treasury yields. The rise in the US Employment Cost Index (ECI) reignited talks that the Federal Reserve might delay its rate cuts due to inflation pressures. The XAG/USD trades at $26.29, down more than 3%. The daily chart ...
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Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely will be reflected when ...
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Federal Reserve officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected ...
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After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big ...
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Preliminary estimates for April indicate that the index decreased by 1.5 per cent (on a monthly average basis) in SDR terms, after decreasing by 4.7 per cent in March (revised). ...
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The UK manufacturing sector showed renewed signs of weakness at the start of the second quarter. April saw output and new orders slip back into contraction territory following ...
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Both key precious metals moved decisively lower today, which is in perfect tune with their recent price patterns. Consolidations, pauses, and breathers are the same thing (their length differs) and they serve one purpose – to cool down people’s emotions and prepare them for the next moves. When prices move far and fast, it “seems” and “feels” excessive and ...
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The two-day FOMC monetary policy meeting concludes on Wednesday, May 1 at 2:00 ET. FOMC Chairman Powell’s press conference starts at 2:30 ET. FOMC Meeting Expectations Economists overwhelmingly expect the Federal Reserve to leave interest rates unchanged in the 5.25-5.50% range, with every single one of the 100 economists surveyed by Reuters expecting the ...
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FNG has learned via regulatory filings that FCA licensed Retail FX, CFDs and spread betting broker Acetop Financial Limited (website: acetop.uk) saw a significant increase in activity in 2023, led by active Spot Gold trading among its clients. Revenues at Acetop increased by more than 300% in 2023, coming in at £757K versus just £181K in 2022. We’d note, ...