Metals News
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Patrick Gruhn, the former head of FTX Europe, has paid nearly $1.5 million, “the largest sum ever spent at auction on a piece of Titanic memorabilia,” for a gold pocket watch recovered from the body of the Titanic’s richest passenger, The Wall Street Journal reported. The watch belonged to American property magnate John Jacob Astor IV, who was returning ...
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If I was to tell you that a 1968 Grand Seiko just sold for around $90,321.00 (or exactly Ą13,501,000) via an online Yahoo auction this week, I would not be offended if you didn’t believe me. Who would pay such a sum for a dirty, old Japanese watch from an unknown seller offering poor quality photos and not a single shot of the movement? A collector who ...
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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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Although the Federal Reserve attempted to deliver a balanced message by announcing the slowdown of Quantitative Tightening (QT) starting in June and rejecting the likelihood of imminent rate cuts, the overall tone was perceived as dovish by markets. This perception stems from the decision to lower the monthly QT cap to $25 billion, rather than by $30 ...
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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 ...
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video The head of Barrick Gold Corp. says the mining giant is poised to take advantage of near-record-high gold and copper prices following the company’s release of its latest quarterly results on Wednesday. “The market is now waking up, and the industry itself, to just how important it is to invest in not only gold but copper as well,” Barrick’s ...
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Although the Federal Reserve attempted to deliver a balanced message by announcing the slowdown of Quantitative Tightening (QT) starting in June and rejecting the likelihood of ...
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Federal Reserve Chair Jerome Powell’s comments after two days of policy meetings were not as hawkish as many had feared given that U.S. inflation and economic activity ...
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US labor costs increased in the first quarter by the most in a year as productivity gains slowed, potentially adding to risks inflation will remain elevated. Unit labor costs, or ...
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Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monetary Policy Report. In April, we maintained our policy interest rate at 5% and published a revised outlook for the Canadian economy. We had three key messages. First, monetary policy is working. Total consumer price index (CPI) and core inflation have eased further in recent months, and we expect inflation to continue to move closer to the 2% target this year. Second, growth in the economy looks to be picking up. We expect GDP growth to be solid this year and to strengthen further in 2025. Third, as we consider how much longer to hold the policy rate at the current level, we’re looking for evidence that the recent further easing in underlying inflation will be sustained. Before taking your questions, let me take a moment to discuss recent economic data and the outlook for growth and inflation. In Canada, growth stalled in the second half of last year and the economy moved into excess supply. The labour market also cooled from very overheated levels. With employment growing more slowly than the working-age population, the unemployment rate has risen gradually over the last year to 6.1% in March. There are also some signs that wage pressures are beginning post: BOC'S GOV. MACKLEM: IF WE CUT INTEREST RATES AND THAT WEAKENS THE C$, THAT IS SOMETHING YOU TAKE INTO ACCOUNT WITH HOW MUCH YOU NEED TO REDUCE INTEREST RATES.
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US factory orders and durable goods orders for March 2024 • Prior month 1.4% revised to 1.2% • Factory orders for March 1.6% versus 1.6% expected • Durable goods orders for March ...
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Gold and silver have continued to ease from their recent highs, with the yellow metal trading below $2300 post-FOMC and the grey metal nearing the $26 level. Precious metals have finally responded to the recent strength of the US dollar and reduced Fed rate cut bets amid hot inflation data. Both metals rebounded after the latest US monetary policy decision ...
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Gold markets rallied significantly during the early hours on Wednesday, as we have recaptured the $2300 level. This is a level that I think is going to continue to be crucial for the market, and the fact that we have bounced back a bit is a good sign. However, Wednesday of course features the FOMC announcement, and therefore we will have a lot of noise to ...
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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 ...