Metals News
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A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank’s Additional Tier 1 (AT1) debt. As part of Credit Suisse’s emergency sale to UBS last year, which was orchestrated by the Swiss government, Swiss regulator Finma wiped out roughly $17 ...
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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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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. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services. This news release ...
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US May non-farm payrolls came in at 272k versus the 180k consensus and higher than any of the 77 forecasts submitted to Bloomberg – the range was 120-258k. Private payrolls rose 229k versus the 165k consensus expectation. There were 15k of downward revisions to the past 2 months for headline payrolls, but this is still an undeniably strong set of numbers ...
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Discover why the gold market has stabilized and China’s gold ETFs are leveling off. Learn how Western investors are rebalancing portfolios and why ‘smart investors’ are strategically buying silver and gold. The gold market seems to have calmed down somewhat after the run. In China, too, the number of outstanding ETFs with gold backing has stopped ...
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Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow ...
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U.S. job growth likely maintained its moderate pace in May and wage gains were expected to hold steady, which would keep the Federal Reserve in wait-and-see mode on interest rates ...
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According to preliminary data from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector fell by 0.1% in April 2024 compared to ...
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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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In the first quarter of 2024, seasonally adjusted GDP increased by 0.3% in both the euro area and the EU, compared with the previous quarter, according to an estimate published by ...
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Employment was little changed in May (+27,000; +0.1%) and the employment rate fell 0.1 percentage points to 61.3%. The unemployment rate was 6.2% in May, up 0.1 percentage points ...
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History rhymes - this time the rhyme in silver is very clear. Let’s start with the ratio. [Quoting my last Friday’s comments] And speaking of those “other markets”, let’s take a look at silver. Let’s start with the ratio between silver and gold as that’s where we recently saw something important and with clear implications for the price of white metal. ...
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The quotes of XAG/USD continue to move as part of the development of a strong bearish correction and a bullish channel. At the time of publication of the forecast, prices for Silver are 30.26. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential ...
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The Perth Mint sold 23,238 troy ounces (oz) of gold and 796,934 oz of silver in minted product form during May 2024. Opening the month around USD 2,300, the gold price in US dollar terms generally tracked flat before jumping higher by 1.5% off the back of weaker US jobs data which reinforced the potential for a Fed rate cut. On May 20 bullion hit a record ...