Metals News
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Sylvester Stallone is about to score a massive payday after putting his watch collection up for auction, because one of the timepieces could fetch a literal king's ransom. As you might have heard, the 'Rocky' star is selling 11 watches from his personal collection through Sotheby's next month ... and one crown jewel, in particular, has a watch expert going ...
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Libyan authorities have arrested several customs officials for attempting to traffic abroad about 26 tons of gold worth almost 1.8 billion euros ($1.9 billion), prosecutors said. The Libyan prosecutor’s office did not detail the suspected origin of the massive amount of precious metal, greater than the national gold reserves of many countries. Authorities ...
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There are certain names that echo down from the history of finance and economics. Adam Smith is one. Milton Friedman is another. So does the British economist John Maynard Keynes. Keynes’ was, and famously remains, an advocate of government deficit spending in a recession. It’s hard to imagine now how radical this position was in the decade before the ...
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The plan is still in early stages of development. China's central government (State Council) is encouraging feedback from regional authorities on what is said to be a large scale plan: • Local governments would buy "millions" of unsold homes says the report.
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A drilling program carried out by First Quantum Minerals at Boss Energy’s Honeymoon uranium project in South Australia has intersected copper and gold mineralisation. The mineralisation was uncovered below the Yarramba Palaeovalley along the Honeymoon tenements. Three holes at the Atlas target, 4km east of Honeymoon, were drilled as part of the campaign, ...
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Silver's price moved higher late in the North American session due to lower US Treasury yields and a softer US Dollar. Although the latest inflation figures in the US were higher than expected, the non-yielding metal climbed. The XAG/USD trades at $28.57, gains 1.32%. During the last three days, Silver has been seesawing within the $28.00-$28.80 range after ...
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CPI for April will be released on Wednesday. The consensus is for 0.3% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.6% YoY). Here are a couple of analyst's ...
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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking ...
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Last month (March 2024), the consumer price index increased by 3.5% (year-over-year, not seasonally adjusted), compared to the median estimate of 3.4%. Over the past 12 months, ...
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post: Powell: the Policy Rate is Restrictive Powell: Time Will Tell if We’re Sufficiently Restrictive on Policy Powell: Don’t Think Likely Next Move Would Be a Rate Hike post: Powell: Restrictive Policy May Take Longer Than Expected to Bring Inflation Down Powell: We Will Get Inflation Down to 2% post: Powell: Housing Inflation Has Been a Bit of a Puzzle Powell: Current Rent Increases Have Been Low for Some Time, Not Showing Up in Rollover Leases post: Powell: Lags Between Decline in Mkt Rates and It Showing Up Are Longer Than We Though Powell: It Should Show Up, Just a Question of When post: Powell on the April PPI: "I wouldn’t call it hot. I would call it sort of mixed." (The main readthroughs to PCE from the PPI likely offset as lower airfares and health care costs likely offset the hotter financial services subcomponent.)
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The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 ...
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post: FED'S MESTER: I AM NOT EAGER TO CONSIDER INTEREST-RATE HIKES - WSJ. post: FED'S MESTER: FED IS IN A REALLY GOOD PLACE TO STUDY THE ECONOMY BEFORE CHARTING RATE PATH. post: FED'S MESTER: IT’S TOO EARLY TO REALLY CONCLUDE THAT WE STALLED OUT OR THAT INFLATION IS GOING TO REVERSE. post: FED'S MESTER: THERE ARE DEFINITE SIGNS THAT REAL SIDE OF ECONOMY IS MODERATING, AND THAT IS HELPING TO BRING BALANCE BACK TO THE ECONOMY - WSJ.
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Silver's price moved higher late in the North American session due to lower US Treasury yields and a softer US Dollar. Although the latest inflation figures in the US were higher than expected, the non-yielding metal climbed. The XAG/USD trades at $28.57, gains 1.32%. During the last three days, Silver has been seesawing within the $28.00-$28.80 range after ...
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Sr. Strategist James Stanley shares charts and highlights the themes and scenarios he's watching across macro markets.
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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 ...