Metals News
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Afghanistan’s top diplomat in India resigned days after she was reportedly caught by airport authorities smuggling nearly $2 million worth of gold into the country. Zakia Wardak, the Afghan Consul-General in India’s financial capital Mumbai, posted a statement on social media platform X announcing her resignation. Afghanistan’s embassy in New Delhi shut ...
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The governor of Colombia’s central-northern department of Santander, Juvenal Díaz, denounced the presence of members of the Gulf Clan, also known as the Gaitanista Army of Colombia (EGC), in the Santurbán moor. The EGC is a neo-paramilitary group and likely the country’s largest drug cartel, which was created after the demobilization of the United ...
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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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post: Arab sources are reporting an assassination attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/XjlJIVS5Di post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman and several other High-Ranking Officials was Attacked earlier tonight within the Capital of Riyadh, in what appears to have been an Assassination… pic.twitter.com/uLjsjI4gPb
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post: Fed’s Williams: is Seeing Job Growth Moderate Fed’s Williams: Fed is Looking at Totality of Economic Data Fed’s Williams: Eventually There Will Be Rate Cuts post: FED'S WILLIAMS: THE FED BALANCE SHEET WIND DOWN HAS GONE SMOOTHLY. post: <=USD>:*WILLIAMS: EXPECT GOOD THOUGH SOMEWHAT SLOWER GDP GROWTH IN '24 *WILLIAMS: SEE SIGNS HOUSEHOLDS BEING MORE CAREFUL WITH SPENDING *WILLIAMS: HIGHER GOVT DEBT MEANS SOMEWHAT HIGHER GLOBAL RATES *WILLIAMS: TOO SOON TO SAY HOW AI WILL AFFECT LONG-TERM ECONOMY post: WILLIAMS: NEXT FED MOVE LIKELY TO BE LOWER RATES
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post: Reports now that the assassination attempt on Saudi Crown Prince is fake news https://t.co/14zyZf8A8X
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Recent comments from a number of MPC members have hinted that a cut in Bank Rate might not be too far away and possibly rather sooner than financial markets currently expect. ...
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Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target. ...
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post: Arab sources are reporting an assassination attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/XjlJIVS5Di post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman and several other High-Ranking Officials was Attacked earlier tonight within the Capital of Riyadh, in what appears to have been an Assassination… pic.twitter.com/uLjsjI4gPb
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post: Fed’s Barkin: Inflation Data This Year “Disapppointing...Job is Not Yet Done” Barkin: Confident That Current Restrictive Level of Rates Can Curb Demand Enough to Bring Inflation to Target Barkin: Data “Whiplash” Confirms Value of Fed Being Deliberate post: FED'S BARKIN: I DON'T SEE THE ECONOMY OVERHEATING, BUT THE FED KNOWS HOW TO RESPOND IF IT DOES.Barkin: Navigating Data Whiplash Thank you for that kind introduction and for having me here today. I thought I would speak about the economy and where it may be headed, and then I look forward to your questions and input. I caution you these are my thoughts alone and not necessarily those of anyone else on the Federal Open Market Committee or in the Federal Reserve System. Contrary to most forecasts, including my own, the economy finished 2023 in a good place. Headline inflation, as measured by the personal consumption expenditures (PCE) price index, dropped all the way to 2.6 percent by year-end. For the final seven months of the year, annualized core PCE came in just under our 2 percent target. At the same time, despite higher interest rates, global conflicts, and banking turmoil, economic growth was healthy at 3.4 percent, and unemployment remained near historic lows. But early 2024 inflation data has been disappointing to those who thought that the inflation fight was behind us. In the last three months, quarter-over-quarter core PCE inflation rose to 3.7 percent annualized. Headline rose to 3.4 percent. That number, fortunately, is nowhere near the 7.1 percent headline inflation we saw in June 2022 but does remind us that the job is not yet done. Demand remains robust. While the headline first quarter GDP number came in lower at 1.6 percent, it was held down by the volatile cate
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post: Reports now that the assassination attempt on Saudi Crown Prince is fake news https://t.co/14zyZf8A8X
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WTI crude oil prices were a touch higher on Tuesday as the ceasefire in Gaza remains uncertain. Oil prices fell over 7% from the Friday April 26 high to last Friday low, and are now trapped beneath the 200-day average and above the December bullish trendline. Fed Williams said that the net interest rate move is likely to be lower. The US dollar was little ...
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Gold was all over the place during the trading session on Friday as the jobs numbers came out lower than anticipated. Looking at the shorter term charts, the market had initially swung all the way up to the $2,323 level in the $2,275 level and then turned around to basically close in the middle of the day at the middle of the candlestick. So, a lot of noise ...
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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 ...