Metals News
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Mining giant BHP offered to buy Anglo American, a longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry. Anglo American said Thursday it had received a proposal from BHP made up of an all-share offer for the company, contingent upon Anglo American’s demerger of shareholdings ...
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The Texas State Securities Board has moved to shut down a digital gold vault that it claims is actually an illegal international multilevel marketing (MLM) operation, according to a recent enforcement action published on its website. “Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop an international multilevel ...
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Most readers are probably familiar with the basic math behind interest rates and bond prices: When interest rates go up, bond prices go down. As the market recalibrates what a bond’s future cash flows are currently worth, a higher discount rate reduces the value of future coupon payments, resulting in lower bond prices. But there’s also a secondary impact ...
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Japan chief cabinet secretary Hayashi: • Won't comment on forex levels or forex intervention. • Important for currencies to move in stable manner reflecting fundamentals. • Rapid fx moves undesirable. • Closely watching fx moves. • Will be ready to take full response. • Expect BOJ to work closely with govt. • Expect BOJ to conduct appropriate monetary ...
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Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that reaffirmed accommodative monetary policy. With the yen already much weaker than it was then, and US interest rates unlikely to come down anytime soon, the mere lack of any hawkish ...
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Russia on Wednesday vetoed a U.N. resolution sponsored by the United States and Japan calling on all nations to prevent a dangerous nuclear arms race in outer space, calling it “a dirty spectacle” that cherry-picks weapons of mass destruction from all other weapons that should also be banned. The vote in the 15-member Security Council was 13 in favor, ...
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Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that ...
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The United Nations’ atomic watchdog expects to meet senior Iranian officials next month to discuss growing concern the Persian Gulf nation could build a nuclear weapon in response ...
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The direction of monetary policy moves is diverging among the major economies, after a period of unusually synchronised interest rate rises in 2022 and 2023, as highlighted in ...
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Japan chief cabinet secretary Hayashi: • Won't comment on forex levels or forex intervention. • Important for currencies to move in stable manner reflecting fundamentals. • Rapid ...
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post: PBOC SETS YUAN MID-POINT AT 71058 / DOLLAR: 7.2461 TO PREVIOUS CLOSE
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chart A decline occurred in the price of gold to the green box area and now the price seems to be staying near it. The trend is still bullish, but the ongoing bearish correction phase does not appear to be over. There is still a chance of further decline in price to the next support points. However, a bearish correction in gold prices is an opportunity ...
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What a powerful sign from gold and the USD Index! It was just yesterday when I wrote that the gold-USD link is likely to be back and that gold can decline even without USD’s rally or during its consolidation, and yesterday’s session already confirmed that this is indeed the case. Gold did erase its overnight declines – that’s true, but that’s not the key ...
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Gold price achieved 8.9% MoM growth to close March 2024 at $2,238.40/oz., the highest monthly price gain since July 2020. Despite hotter-than-expected NFP and sticky inflation rate that postponed Federal Reserve’s rate cut start date, the continuous building of managed money net positions alongside ongoing geopolitical risk events, these have supported gold ...