Metals News
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Kings of the NFL once more, the Kansas City Chiefs received more championship spoils. For the second time in as many years and third time over the past half-decade, the Chiefs received Super Bowl rings on Thursday night, this time in celebration of their Super Bowl LVIII triumph over the San Francisco 49ers. Super Bowl Most Valuable Player Patrick Mahomes, ...
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A giant state-owned Chinese commodities trader is nursing losses after a shipment of copper from Russia worth nearly $20 million went missing, reigniting fears over fraud in the often secretive market for buying and selling raw materials. Wuchan Zhongda Group Co., which had sales of 580 billion yuan ($80 billion) in 2023, bought 2,000 tons of refined copper ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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It is a pleasure to be here in Dubrovnik. To this day, the stunning beauty of this city evokes the words of one of its most famous poets, Ivan Gundulić: “O lijepa, o draga, o slatka slobodo”. These words may be centuries old, but they remain as fresh as ever for those who have the good fortune to experience Dubrovnik first-hand. The programme for the 30th ...
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Russian inflation accelerated in May to the highest in more than a year, adding to pressure on the central bank to hike the key rate to curb price growth. Annual inflation reached 8.3% last month, from 7.84% in April, the highest since February last year, Federal Statistics Service data showed late Friday. Price growth jumped to 0.74% in monthly terms from ...
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Gold demand in India remained tepid this week despite a recent correction in prices, as buyers postponed purchases in the absence of any major festivals, while premiums in top consumer China slid on weak consumer sentiment and elevated spot prices. “Retail buying is not picking up. Buyers are hoping prices will fall further and are delaying purchases,” a ...
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The established financial world order of the past 50 years is now transitioning to a new and unknown paradigm as the petrodollar agreement between the U.S. and Saudi Arabia was ...
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I am ready to call it. The Fed should cut rates. July would be the right time to start in my opinion. To be clear, I don’t think they will do this. I still think the baseline ...
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Chinese banks extended 950 billion yuan ($130.93 billion) in new yuan loans in May, rising from April but missing analysts’ expectations. Analysts polled by Reuters had predicted ...
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The June 2024 UMich June preliminary consumer sentiment reading • Prior was 67.4 • Current conditions 62.5 vs 68.8 prior • Expectations 67.6 vs 66.5 prior • 1-year inflation 3.3% ...
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post: BOJ'S GOVERNOR UEDA: IT'S POSSIBLE TO RAISE THE RATE IN JULY DEPENDING ON DATA.
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Prices for U.S. imports decreased 0.4 percent in May following a 0.9-percent advance the previous month, the U.S. Bureau of Labor Statistics reported today. Lower fuel and nonfuel ...
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Another day, another decline in junior mining stocks. The big decline appears to have re-started - congratulations on your patience. This is one of the virtues that pays particularly well on the markets, and I expect it be the case also this time – I’m expecting a huge payout. What’s happening in the miners at this time seems to confirm what I’ve been ...
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Main scenario: consider short positions from corrections below the level of 2388.89 with a target of 2218.46 – 2161.56. Alternative scenario: breakout and consolidation above the level of 2388.89 will allow the pair to continue rising to the levels of 2500.00 – 2560.00 Analysis: the fifth wave of larger degree (5) is forming on the daily chart, with wave 3 ...
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In response to increasing investor demand for more cost-effective trading solutions, FP Markets, a global multi-asset Forex and CFD broker, has further reduced its spreads across various trading instruments. Christodoulos Psomas, Head of Risk at FP Markets, expressed his enthusiasm for the move and commented: ‘Through the continuous optimisation of our ...