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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Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. The GDP estimate released today is based on more complete source data than were available for the ...
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Copper prices dropped on Thursday as funds sold off bullish positions, triggered by concerns that high interest rates are dampening metals demand, particularly in top consumer China. Three-month copper on the London Metal Exchange slid 2.7% to $10,178 per metric ton by 1000 GMT, moving further away from a record peak of $11,104.50 touched last week. “The ...
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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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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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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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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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Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024 (table 1), according to the "second" estimate released by the Bureau of ...
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In the week ending May 25, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 3,000 from the previous week's revised level. The previous week's ...
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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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Gold prices were down by 0.3 percent in the intraday session on Thursday, as the market positioned itself for the release of key US economic data. XAUUSD traded at $2,336 per ounce at the spot market, and touched an intra-day low of $2,322.66, the lowest point in two weeks. The downward momentum is likely to persist, as yields on US treasury bonds return to ...
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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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