Metals News
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Afghanistan’s top diplomat in India resigned days after she was reportedly caught by airport authorities smuggling nearly $2 million worth of gold into the country. Zakia Wardak, the Afghan Consul-General in India’s financial capital Mumbai, posted a statement on social media platform X announcing her resignation. Afghanistan’s embassy in New Delhi shut ...
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The governor of Colombia’s central-northern department of Santander, Juvenal Díaz, denounced the presence of members of the Gulf Clan, also known as the Gaitanista Army of Colombia (EGC), in the Santurbán moor. The EGC is a neo-paramilitary group and likely the country’s largest drug cartel, which was created after the demobilization of the United ...
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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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China's average daily home sales during the major May Day public holiday sank 47 per cent from a year earlier, and were down around 30 per cent from pre-pandemic levels in 2019 for the same holiday period, according to a private survey on Monday (May 6). Home sales fell in 19 of 22 surveyed cities during the five-day May Day compared to the same period of ...
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Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Monday, May 6, 2024. Gold futures, maturing on June 5, 2024, stood at Rs 70,944 per 10 grams on the MCX, after recording a jump of Rs 247 or 0.35 per cent. The previous close was recorded at Rs 70,668. Meanwhile, silver futures, maturing on July 5, 2024, witnessed a hike of ...
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Gold was all over the place during the trading session on Friday as the jobs numbers came out lower than anticipated. Looking at the shorter term charts, the market had initially swung all the way up to the $2,323 level in the $2,275 level and then turned around to basically close in the middle of the day at the middle of the candlestick. So, a lot of noise ...
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There are multiple reasons to suggest that the US is in a state of decline as an empire. A widening wealth gap. Ongoing cultural issues including racism, violent crime, and drug ...
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Chinese President Xi Jinping kicked off a three-country trip to Europe on Sunday with the continent divided over how to deal with Beijing’s growing power and the U.S.-China ...
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China's average daily home sales during the major May Day public holiday sank 47 per cent from a year earlier, and were down around 30 per cent from pre-pandemic levels in 2019 ...
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Phillip Lane (Dublin, 1959) is one of the six members of the Executive Board of the European Central Bank , along with President Christine Lagarde and Vice President Luis de Guindos . Lane speaks softly and precisely. It is evident that he makes an effort to choose his words well, and not only because at the time of the interview given to El Confidencial, on April 30, there were only five weeks left until the next ECB monetary policy meeting, in which Everyone expects a drop in interest rates from the current 4.5% . It would be the first since December 2015. If it occurs, it will put an end to the stage of increases that began in July 2022, to contain inflation that worsened considerably after the Russian invasion of Ukraine in February of that year, but that had already been several months above the 2% target. Lane makes it clear that his level of confidence in a lowering of the price of money has increased in the last month and admits that it would be a surprise if this did not occur but he also sends other messages. Although he rejects any specific comm post: LANE FROM ECB: APRIL SLOWDOWN IN SERVICES INFLATION MARKS SIGNIFICANT PROGRESS post: ECB'S LANE: CONFIDENCE ON INFLATION IMPROVING post: ECB'S LANE: EXAGGERATING IMPACT OF ECB, FED DIVERGENCE NOT NECESSARY post: ECB'S LANE: FED DECISIONS HAVE LIMITED IMPACT ON EURO AREA
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China's service economy expanded moderately in the opening month of the second quarter of 2024. Faster new business growth, the quickest in nearly a year, supported the latest ...
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video The latest round of Gaza cease-fire talks ended in Cairo after “in-depth and serious discussions,” the Hamas militant group said Sunday, reiterating key demands that ...
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Gold was all over the place during the trading session on Friday as the jobs numbers came out lower than anticipated. Looking at the shorter term charts, the market had initially swung all the way up to the $2,323 level in the $2,275 level and then turned around to basically close in the middle of the day at the middle of the candlestick. So, a lot of noise ...
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Silver has seen a significant rise in its value in 2024, with prices soaring from $22.55 USD/oz in February to a peak of $29.90 USD/oz on April 12th, reflecting a dynamic shift in market conditions and investor sentiment. The big problem that the silver market is facing currently is the (too) high number of speculators positioned on the long side. ...
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CME Group, the world's leading derivatives marketplace, today reported its April 2024 market statistics set a new average daily volume (ADV) record of 26.5 million contracts for the month, up 33% from April 2023, with double-digit growth across all asset classes. Additionally, interest rate, equity index, foreign exchange and options products set new April ...