Metals News
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Thieves are increasingly raiding solar power stations across Japan for copper transmission wiring as prices for the metal have surged globally. Local governments are planning ordinances to regulate trade in the metal, but they are seeking nationwide legal measures to discourage the thefts. One solar power farm in Ichikawa, Chiba Prefecture, was hit by ...
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Workers in Central Asia made a “mammoth” discovery earlier this month. Laborers came across the bones of an ancient mammoth while quarrying on June 2. In a press release, Kyrgyzstan’s Ministry of Culture explained that the remains were found in “the sandy areas of the ancient floodplain of the Jyrgalang River.” Kyrgyzstan is a landlocked country surrounded ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2024 Survey of Consumer Expectations, which shows inflation expectations declined at the short-term horizon, remained unchanged at the medium-term horizon, and increased at the longer-term horizon. Labor market expectations were mixed. Households’ expectations for the stock market improved, reaching a three-year high. Households were also more optimistic about their financial situation a year from now. The main findings from the May 2024 Survey are: Inflation • Median inflation expectations at the one-year horizon declined to 3.2% in May from 3.3% in April, were unchanged at the three-year horizon at 2.8%, and increased at the five-year horizon to 3.0% from 2.8%. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at the one-year horizon, increased at the three-year horizon, and remained unchanged at the five-year horizon. post: US NY Fed 1-Year Inflation Expectations May: 3.17% (prev 3.26%) post: NY FED: MAY THREE-YEAR AHEAD EXPECTED INFLATION UNCHANGED AT 2.8%.
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Gold has stabilized near May’s floor of 2,285 after losing more than 3.0% on Friday to mark its biggest daily loss in two years. The price’s current lackluster performance indicates a probable bearish continuation, given its drop below the 20- and 50-day SMAs and beneath the significant trendline zone at 2,325. The technical indicators align with this ...
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Thieves are increasingly raiding solar power stations across Japan for copper transmission wiring as prices for the metal have surged globally. Local governments are planning ordinances to regulate trade in the metal, but they are seeking nationwide legal measures to discourage the thefts. One solar power farm in Ichikawa, Chiba Prefecture, was hit by ...
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The US Federal Reserve will keep interest rates unchanged at 5.25-5.5% on Wednesday and will indicate that September is the earliest opportunity to seriously consider an interest ...
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The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely ...
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Wednesday afternoon, the fate of global financial markets will hang on an array of dots that give clues into how much rate-cutting the Federal Reserve will deliver this year. But ...
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The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2024 Survey of Consumer Expectations, which shows inflation expectations declined at the short-term horizon, remained unchanged at the medium-term horizon, and increased at the longer-term horizon. Labor market expectations were mixed. Households’ expectations for the stock market improved, reaching a three-year high. Households were also more optimistic about their financial situation a year from now. The main findings from the May 2024 Survey are: Inflation • Median inflation expectations at the one-year horizon declined to 3.2% in May from 3.3% in April, were unchanged at the three-year horizon at 2.8%, and increased at the five-year horizon to 3.0% from 2.8%. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at the one-year horizon, increased at the three-year horizon, and remained unchanged at the five-year horizon. post: US NY Fed 1-Year Inflation Expectations May: 3.17% (prev 3.26%) post: NY FED: MAY THREE-YEAR AHEAD EXPECTED INFLATION UNCHANGED AT 2.8%.
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post: ECB'S PRESIDENT LAGARDE: IT IS POSSIBLE ECB WILL HOLD RATES FOR LONGER THAN A SINGLE MEETING. post: ECB'S PRESIDENT LAGARDE: INTEREST RATES ARE NOT NECESSARILY ON A LINEAR DECLINING PATH, THERE MIGHT BE PERIODS WHEN WE HOLD - NEWSPAPER INTERVIEW. post: ECB'S PRESIDENT LAGARDE: TIME-DEPENDENT GUIDANCE ON RATES NOT HELPFUL. post: ECB'S PRESIDENT LAGARDE: I AM KEEN TO SEE THE EVOLUTION OF LABOUR COSTS AND CORPORATE PROFITS.
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French President Emanuel Macron said Sunday he was dissolving the National Assembly and calling a snap legislative election after his party suffered a heavy defeat in elections ...
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Silver prices returned to the upside on Monday, gaining 1.6 percent to trade at $29.85 per ounce at the time of writing. The commodity is making an attempt to return to the psychological support level of $30 per ounce, which it broke on Friday following the release of US Nonfarm Payrolls data. XAGUSD drew a long bearish candlestick, losing 6.14 percent ...
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Gold has stabilized near May’s floor of 2,285 after losing more than 3.0% on Friday to mark its biggest daily loss in two years. The price’s current lackluster performance indicates a probable bearish continuation, given its drop below the 20- and 50-day SMAs and beneath the significant trendline zone at 2,325. The technical indicators align with this ...
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The Perth Mint sold 23,238 troy ounces (oz) of gold and 796,934 oz of silver in minted product form during May 2024. Opening the month around USD 2,300, the gold price in US dollar terms generally tracked flat before jumping higher by 1.5% off the back of weaker US jobs data which reinforced the potential for a Fed rate cut. On May 20 bullion hit a record ...