Metals News
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Billions of dollars of gold is smuggled out of Africa every year, with the vast majority exported to the United Arab Emirates for processing, according to a report by SwissAid. Using data on declared and undeclared gold imports over a 10-year period ending in 2022, the Bern-based non-governmental organization estimates that the illicit trade amounts to ...
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He thinks Staten Island is treasure island. At 6 a.m. this past Saturday, David Hager, 58, and wife Michelle, 51, and two sons, Tyler and Ryan, 21 and 17, started digging in a small park in the forgotten borough. Hager, who lives in Colorado, believes he has correctly deciphered clues pinpointing buried booty on Staten Island from Byron Preiss’s 1982 book ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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North Korea fired around 10 short-range ballistic missiles into the East Sea on Thursday, the South Korean military said, a day after sending hundreds of large balloons carrying trash and manure into the South. The Joint Chiefs of Staff (JCS) said it detected the flight vehicles presumed to be short-range ballistic missiles fired from the Sunan area in ...
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The estimated annual inflation of the CPI in May 2024 is 3.6%, according to the flash indicator prepared by the NSI. This indicator provides a preview of the CPI which, if confirmed, would mean an increase of three tenths in its annual rate, since in April this variation was 3.3%. This evolution is mainly due to the rise in electricity prices, compared with ...
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Financial security has become an indispensable part of China’s national security discourse since the 1997 Asian financial crisis. Rising geopolitical tensions with the US since 2018 and the West’s financial sanctions against Russia have further incentivised Chinese policy-makers to fortify the economy by diluting the dollar’s centrality and developing an ...
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North Korea fired around 10 short-range ballistic missiles into the East Sea on Thursday, the South Korean military said, a day after sending hundreds of large balloons carrying ...
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Financial security has become an indispensable part of China’s national security discourse since the 1997 Asian financial crisis. Rising geopolitical tensions with the US since ...
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Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing ...
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The estimated annual inflation of the CPI in May 2024 is 3.6%, according to the flash indicator prepared by the NSI. This indicator provides a preview of the CPI which, if ...
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In the first quarter of 2024, Switzerland's GDP adjusted for sporting events grew by 0.3%.1,2 This continues the moderate economic growth of the previous quarter (+0.3%). The ...
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Key statistics: Total new capital expenditure rose by 1.0% Buildings and structures fell by 0.9% Equipment, plant and machinery rose by 3.3% Estimate 2 for 2024-25 is $155.4b. ...
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Gold has been under selling pressure for the past two days, falling near $2323 an ounce today, Thursday, continuing its decline amid rising US Treasury yields and demand for the US dollar driven by hawkish comments from Fed officials. On Wednesday, Atlanta Fed President Bostic said the path to 2% inflation is not guaranteed and the range of price gains ...
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Gold prices fell on Wednesday as rising US Treasury yields increased demand for the Greenback. The yield on the US 10-year Treasury note rose by six basis points to 4.616%, strengthening the dollar and weighing on the commodity. With a sparse economic calendar, traders continue to digest hawkish comments made by Minnesota Fed President Neel Kashkari on ...
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