Metals News
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Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations. The Advisory highlights the means by ...
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Curators are "devastated" after gold objects dating back 3,000 years to the Bronze Age were stolen from a museum. A gold torc and a gold bracelet were stolen during a break-in at Ely Museum on Tuesday. The museum acquired the torc, valued at £220,000, in 2017 using grants and donations and it said the loss was a "huge blow". Cambridgeshire Police said itwas ...
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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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Even though the US 10yr is off highs hit prior to the FOMC meeting, there is a certain resilience being shown at the hold in the 4.5% area. Whatever the tone of last week's FOMC meeting, the most important information for Treasuries will come from next week's CPI report, and we are still looking at 0.3% and 0.4% month-on-month combos, which remains too hot. ...
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US GDP growth moderated in Q1, but it was still a solid result. While a bit lower than we expected we have left our 2024 GDP forecast unchanged. • Overall, the various indicators continue to point to a gradual softening in labour market pressures, although the Employment Cost Index grew more strongly than expected in Q1. • Q1 core PCE inflation was well ...
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Gold futures remain firmly above their 50-day and 200-day moving averages. Phillip Streible has more.
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The market’s continued focus on information suggesting a shift toward a more accommodative monetary policy, paired with its tendency to overreact to any hint of such easing, ...
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At the Monetary Policy Meeting (MPM) held on March 18 and 19, 2024, the Bank of Japan changed its monetary policy framework, judging that it was now within sight that the price ...
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Even though the US 10yr is off highs hit prior to the FOMC meeting, there is a certain resilience being shown at the hold in the 4.5% area. Whatever the tone of last week's FOMC ...
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post: BREAKING: Arab sources are reporting an ASSASSINATION attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/mKUjmwLnur post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman & several other High-Ranking Officials was attacked. It is claimed that several Members of the Saudi Royal Guard were killed, but Prince was Unharmed. pic.twitter.com/5Yl0CZTZyb
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post: RUSSIA'S PUTIN: RUSSIA WILL DO EVERYTHING TO AVOID GLOBAL CONFRONTATION post: RUSSIA'S PUTIN: RUSSIA HAS NEVER DENIGRADED THE CONTIBUTION OF ALLIIES IN WORLD WAR TWO post: PUTIN: OUR STRATEGIC FORCES ARE ALWAYS COMBAT READY PUTIN: WE WILL NOT ALLOW ANYONE TO THREATEN US
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Gold's price movements suggest a bearish bias, with key support levels and potential targets indicating a possible continuation of the current downtrend. video 50-Day Moving Average is Key Lower Target: A key lower potential support level is around the 50-Day MA, currently at 2,251. It is close to converging with a Fibonacci confluence zone from 2,261 to ...
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Silver price registers modest gains despite rising US Treasury bond yields and a strong US Dollar. The grey metal dipped to $27.00 but climbed as buyers stepped in. The XAG/USD trades at $27.33, up by 0.38%. Silver remains upward biased, and it remains trading within the 50% and 38.2% Fibonacci retracements, drawn from the latest cycle low and high, each at ...
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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 ...