Metals News
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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 ...
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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 ...
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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 ...
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Major Japanese trading houses are expecting lower profits from their metals businesses during the April 2024-March 2025 fiscal year, mostly because of lower prices of commoditiessuch as iron ore and coking coal. Japanese trading house Mitsui forecast profits for its metal and natural resource business falling by 14pc on the year to ¥290bn ($1.87bn) during ...
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In March, Canada's merchandise exports declined 5.3%, while imports were down 1.2%. As a result, Canada's merchandise trade balance with the world went from a surplus of $476 million in February to a deficit of $2.3 billion in March. This represents the largest trade deficit since June 2023. Consult the "International trade monthly interactive dashboard" to ...
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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 ...
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Although the Federal Reserve attempted to deliver a balanced message by announcing the slowdown of Quantitative Tightening (QT) starting in June and rejecting the likelihood of ...
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Federal Reserve Chair Jerome Powell’s comments after two days of policy meetings were not as hawkish as many had feared given that U.S. inflation and economic activity ...
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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 ...
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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 ...
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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 ...
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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 ...