Metals News
-
Gold’s recent rally has sparked a bullion rush, but along with it came a surge in gold scams in China. Thousands of people in China have been duped into forking out money on “fake gold” — inferior or artificial gold — after trying to purchase so-called “999 gold” online, according to the government. The purest form of gold is commonly referred to as 999 ...
-
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 ...
-
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 ...
-
In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, production fell back in the “other manufacturing industries” (‑0.8% after +1.4%), in the manufacture of machinery and equipment goods (‑1.1% after +1.5%), in the manufacture of coke and ...
-
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 ...
-
Gold’s recent rally has sparked a bullion rush, but along with it came a surge in gold scams in China. Thousands of people in China have been duped into forking out money on “fake gold” — inferior or artificial gold — after trying to purchase so-called “999 gold” online, according to the government. The purest form of gold is commonly referred to as 999 ...
-
The Bank of England’s effort to stimulate the economy during the pandemic is responsible for all £115 billion ($144 billion) of the net losses on quantitative-easing that UK ...
-
Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls are expected to show a ...
-
Total assets on the Fed’s balance sheet fell by $77 billion in April, to $7.36 trillion, the lowest since December 2020, according to the Fed’s weekly balance sheet today. Since ...
-
In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, ...
-
UK service providers recorded a robust and accelerated upturn in business activity during April, supported by a renewed strengthening of order books. Survey respondents often ...
-
The pound-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signaling positivity. Bitcoin gained 0.9% against the dollar in the last session. However, the ROC is giving a negative signal, indicating potential downward movement. The oil-dollar price remained largely unchanged in the last session. Despite this, the ...
-
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 ...
-
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 ...