Metals News
-
The top lot at Bonhams’s upcoming London Jewels sale proves that two diamonds are better than one. A Mouawad “Toi et Moi” ring will be the star of the show on June 13, when it’s expected to hammer down for an impressive £1 million to £1.5 million ($1.3 million to $1.9 million). The accessory features a five-carat radiant-cut fancy intense blue diamond ...
-
An air hostess was arrested for allegedly smuggling nearly one kilogram of gold from Muscat to Kannur by concealing it in her rectum, a DRI source said today. Based on specific intelligence by DRI Cochin, officers of the Directorate of Revenue Intelligence (DRI - Kannur) intercepted the cabin crew member named Surabhi Khatun, a native of Kolkata, who ...
-
Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
-
Palladium prices won’t recover unless the mining industry cuts supply further, according to the boss of a South African producer. Palladium – mostly used to curb emissions from gasoline vehicles – has fallen 72% since peaking in March 2022 following Russia’s invasion of Ukraine. Just over two-fifths of the metal is produced by Russia’s Norilsk Nickel PJSC ...
-
Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion (0.2 percent) and personal consumption expenditures (PCE) increased $39.1 billion (0.2 percent). The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.2 percent (table 5). Real DPI decreased 0.1 percent in April and real PCE decreased 0.1 percent; goods decreased 0.4 percent and services increased 0.1 percent (tables 3 and 4). table | post: The core PCE price index rose 0.25% in April (it rounded down to 0.2% because it was 0.249%) Jan-March figures were revised down ever so slightly. The 12-month change was 2.75%, a three-year low The 6-month annualized rate was 3.18%, the highest since July pic.twitter.com/boKVU2IxLA post: The 3-month annualized rate was 3.46%, down from the previous two months but still higher than any point in 2H 2023 This report was largely anticipated two weeks ago and won't change much of anything for the near-term Fed outlook of "wait and see."The Fed’s favorite inflation gauge showed little progress last month Inflation remained sticky in April, as a closely watched measure of price changes was unchanged from the month before, providing yet another reminder of stubborn price pressures. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — rose 0.3% from the month before, resulting in an annual rate of 2.7% that matched March’s gain, according to Commerce Department data. Although Friday’s report served as yet another reminder that slowing down inflation is a bumpy process, the results weren’t a surprise. Economists, by and large, weren’t expecting much of a meaningful shift in the inflation gauges. Both the monthly and annual increases in the overall and core index were projected to be unchanged from March, according to FactSet consensus estimates.
-
Main scenario: consider long positions from corrections above the level of 2277.15 with a target of 2500.00 – 2560.00. Alternative scenario: breakout and consolidation below the level of 2277.15 will allow the pair to continue declining to the levels of 2154.83 – 2019.86. Analysis: a descending correction appears to have formed as the fourth wave (4) of ...
-
So the Federal Reserve's preferred measure of inflation, the core personal consumer expenditure deflator, has come in at 0.2% month-on-month - the consensus had been swinging ...
-
Federal Reserve officials received reassurance this week that inflation remains on a downward — albeit bumpy — path, but policymakers are unlikely to waver from their message that ...
-
Survey after survey after survey has been indicating that Americans feel worse off today compared to the recent past, so much so that many of them indicate that the economy is ...
-
The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 35.4 in May from 37.9 in April. This is the sixth straight monthly decline and the lowest level ...
-
Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion (0.2 percent) and personal consumption expenditures (PCE) increased $39.1 billion (0.2 percent). The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.2 percent (table 5). Real DPI decreased 0.1 percent in April and real PCE decreased 0.1 percent; goods decreased 0.4 percent and services increased 0.1 percent (tables 3 and 4). table | post: The core PCE price index rose 0.25% in April (it rounded down to 0.2% because it was 0.249%) Jan-March figures were revised down ever so slightly. The 12-month change was 2.75%, a three-year low The 6-month annualized rate was 3.18%, the highest since July pic.twitter.com/boKVU2IxLA post: The 3-month annualized rate was 3.46%, down from the previous two months but still higher than any point in 2H 2023 This report was largely anticipated two weeks ago and won't change much of anything for the near-term Fed outlook of "wait and see."The Fed’s favorite inflation gauge showed little progress last month Inflation remained sticky in April, as a closely watched measure of price changes was unchanged from the month before, providing yet another reminder of stubborn price pressures. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — rose 0.3% from the month before, resulting in an annual rate of 2.7% that matched March’s gain, according to Commerce Department data. Although Friday’s report served as yet another reminder that slowing down inflation is a bumpy process, the results weren’t a surprise. Economists, by and large, weren’t expecting much of a meaningful shift in the inflation gauges. Both the monthly and annual increases in the overall and core index were projected to be unchanged from March, according to FactSet consensus estimates.
-
post: DONALD TRUMP FOUND GUILTY ON ALL 34 COUNTS HE FACED AT HUSH MONEY CRIMINAL TRIAL -JURY VERDICTJury reaches verdict in Donald Trump's hush money case The jury has reached a verdict in the historic criminal case against former President Donald Trump. The verdict in the first criminal case against a former president will be read shortly in the New York City courtroom where Trump has been on trial since April 15. “We the jury have a verdict. We would like an extra 30 minutes to fill out the forms if that’d be possible,” the jury's 4:20 p.m. note said, which was read aloud in court by Judge Juan Merchan. The jury deliberated for about 9.5 hours. Trump was in the courtroom awaiting the verdict, sitting with his arms crossed. Trump was charged with 34 counts of falsifying business records related to a hush money payment to adult film star Stormy Daniels in the final weeks of the 2016 presidential election. He pleaded not guilty. post: BREAKING: Donald Trump to be sentenced on July 11
-
It’s been one of those weeks that’s all about the details. The weekly bar of the US Dollar is currently showing as a spinning top but that doesn’t really tell the story of the currency’s price action. Last week showed a strong response to resistance at the 105-105.13 zone, which led to a fast snap back that held through this week’s open. On Tuesday, a key ...
-
Main scenario: consider long positions from corrections above the level of 2277.15 with a target of 2500.00 – 2560.00. Alternative scenario: breakout and consolidation below the level of 2277.15 will allow the pair to continue declining to the levels of 2154.83 – 2019.86. Analysis: a descending correction appears to have formed as the fourth wave (4) of ...
-
Dear Client, Please find our updated Trading schedule and general information related to the Juneteenth National Independence Day on Wednesday, 19 June, 2024. Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing. ...