Metals News
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A jeweller was charged in court on Tuesday (May 7) for failing to perform customer due diligence as part of anti-money laundering measures. Kim Heng Jewellers and Goldsmiths, located at People's Park Complex in Chinatown, allegedly committed the offence on three occasions between September and October last year, when it handled gold transactions worth more ...
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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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When it comes to Contracts for Difference (CFDs), one of the most common questions among traders is how long do you hold a CFD? Unlike some financial instruments, CFDs do not have a fixed expiry date and therefore traders can use different trading strategies at their will. Nevertheless, the period that you keep a derivative will affect both your trading ...
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Gold's record move above US$2,400 per ounce has sparked much discussion about price drivers. Speaking to the Investing News Network, Ross Norman of MetalsDaily.com explained China's key role in the metal's increase. To start, he noted that the buying that took gold to the US$2,050 or US$2,100 level was largely high-quality purchases from central banks, ...
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Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was not strong enough to drive the precious metal successfully above the constraining zone of 2,325. This is where the 23.6% Fibonacci retracement of the February-April uptrend and a former restrictive line are placed. The price ...
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In the 1st quarter of 2024, France's FOB/FAB trade balance improved by 2.7 billion euros compared to the 4th quarter of 2023 and reached -17.6 billion. However, despite a sixth consecutive quarterly increase, the trade balance remains more deteriorated than in 2019, being more than 20% lower. The improvement in the 1st quarter of 2024 is mainly due to ...
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Household borrowers are set to be spared from further pain at the Reserve Bank’s May meeting, yet all eyes will be on governor Michele Bullock’s post-meeting press conference for ...
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So strategically vital to Russia, Iran, and China is the Akkas gas field in Iraq that enormous pressure was brought to bear on politicians in Baghdad to ensure that all contracts ...
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Chancellor Olaf Scholz pledged to defend Germany’s three Baltic NATO allies in case of a Russian attack, and to complete the establishment of a permanent brigade in Lithuania by ...
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post: Arab sources are reporting an assassination attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/XjlJIVS5Di post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman and several other High-Ranking Officials was Attacked earlier tonight within the Capital of Riyadh, in what appears to have been an Assassination… pic.twitter.com/uLjsjI4gPb
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At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per ...
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post: RBA'S GOV. BULLOCK: WE BELIEVE RATES ARE AT THE RIGHT LEVEL TO GET INFLATION BACK TO TARGET. post: RBA'S GOV. BULLOCK: DATA ARE PROVING BUMPY, WE ARE TAKING A LONGER VIEW.
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Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was not strong enough to drive the precious metal successfully above the constraining zone of 2,325. This is where the 23.6% Fibonacci retracement of the February-April uptrend and a former restrictive line are placed. The price ...
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Dovish Fed Commentary Fuels Demand for Gold: Today’s trade fundamental highlights the bullish momentum in the gold market, driven by geopolitical tensions and dovish signals from the Federal Reserve. The breakdown of the ceasefire deal in the Middle East, coupled with comments from Fed officials like Thomas Barkin and John Williams, has intensified interest ...
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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 ...