Metals News
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China landed an uncrewed spacecraft on the far side of the moon on Sunday (Jun 2), overcoming a key hurdle in its landmark mission to retrieve the world's first rock and soil samples from the dark lunar hemisphere. The landing elevates China's space power status in a global rush to the moon, where countries including the United States are hoping to exploit ...
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A Tesla shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit ...
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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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Gold prices are currently capped by the 20- and the 50-day simple moving averages (SMAs), remaining within the short-term consolidation area of 2,277 and 2,431. In the near-term, the market could maintain a sideways move if the RSI keeps moving beneath 50 and the blue Kijun-sen line, hold flat. Regarding the trend, this is likely to remain on the downside ...
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Australian gold mine production fell to 70 t in the March quarter, from 77 t in the December quarter, as a series of cyclones moved inland, with heavy rain wreaking havoc on the country's main gold producing regions in Western Australia, Queensland and the Northern Territory. “Gold production is dislocated almost every March quarter,” said Melbourne-based ...
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Economic activity in the manufacturing sector contracted in May for the second consecutive month and the 18th time in the last 19 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing ...
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The pandemic housing boom means Americans have more home equity than ever. Households have added roughly $12 trillion in home equity since the end of 2019: chart To put this ...
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video The pay packets of more than 2.6 million Australian workers will get a boost of at least $33.10 a week from July 1, the workplace umpire has ruled in its annual wage ...
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China has surpassed the United States to become Korea's largest export destination, thanks to increased exports of IT products such as semiconductors and displays, the Ministry of ...
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A technical issue at the New York Stock Exchange on Monday caused the A-class shares of Warren Buffett’s Berkshire Hathaway to appear to be down nearly 100%. Trading was halted in ...
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Economic activity in the manufacturing sector contracted in May for the second consecutive month and the 18th time in the last 19 months, say the nation's supply executives in the ...
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The UK manufacturing sector returned to growth in May, as output expanded at the quickest pace in over two years on the back of improved intakes of new work. The outlook also ...
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Silver price is near the $30 level again; PMI data in focus. The silver futures contract lost 3.47% on Friday, May 31, as it extended its Thursday’s sell-off of 2.6%, retracing almost all of its Monday’s-Tuesday’s rally. On previous week, silver sold off to around the $30 level. It reacted negatively to the stock market’s pullback, along with declining gold ...
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Asian share markets were buoyant on Monday on refreshed hopes that central banks will be better placed to cut rates this year. While a key US inflation report on Friday saw the headline figures come in as expected, real spending was -0.1% lower and a print of core PCE of 0.2% m/m was its slowest rate of inflation since November. I wouldn't go as far as to ...
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Dear Client, Please find our updated Trading schedule and general information related to the Juneteenth National Independence Day on Wednesday, 19 June, 2024. Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing. ...