Metals News
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South Africa has won a legal claim over $43 million worth of treasure from a World War II shipwreck that was found off the country's coast by a British exploration company, the U.K. Supreme Court said on Wednesday. The sinking of the the SS Tilawa — which has been called the "Indian Titanic" — killed 280 people and sent over 2,000 bars of silver plunging to ...
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Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations. The Advisory highlights the means by ...
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Bond markets make the financial world go round, helping to grease the wheels of commerce, allowing economic activity to expand. But when too much debt is issued, it can overwhelm demand, causing borrowing costs to spike which can be detrimental to the economy. This balancing act is attracting plenty of interest right now, especially when it comes to trends ...
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table The US treasury auctioned off $25 billion of 30 year bonds at high yield of 4.635% The WI (when-issued) level at the time of the auction was 4.642%. The US treasury auctioned off $25 billion of 30-year bonds. The results vs the 6-month averages shows. • High Yield: 4.635 Previous: 4.671% Six-auction average: 4.451% • WI level at the ...
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The recent sharp rise in the M2 money supply means the Federal Reserve won’t be able to deliver on expected interest rate cuts this year, according to Bert Dohmen of Dohmen Capital Research. “We have been referring to the growth of M2 (money supply) as one of the factors that shows that the Fed has NOT been fighting inflation,” Dohmen wrote in a recent ...
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Silver prices rallied sharply as US Treasury yields tumbled, and the Greenback weakened as major central banks opened the door to ease policy. At the time of writing, XAG-USD trades at $28.29, up by more than 3.50%. After consolidating below the latest cycle high of $27.733 witnessed on April 26, the grey metal exploded with close to $1.00 gains, clearing ...
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Release of the Financial Stability Report — Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.).
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Our Monetary Policy Committee (MPC) decides what monetary policy action to take. The MPC sets and announces policy eight times a year (roughly once every six weeks). In this ...
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At the May FOMC meeting, Federal Reserve Chair Jerome Powell suggested the Bank's monetary policy stance was “in a good place”, but it is obvious that officials are concerned ...
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In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's ...
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post: BOE'S BAILEY - LIKELY WE WILL NEED TO CUT BANK RATE OVER THE COMING QUARTERS BOE'S BAILEY - POSSIBLE WE WILL NEED TO CUT RATES MORE THAN CURRENTLY PRICED INTO MARKET RATES post: BOE GOV. BAILEY: WE HAVE NO PRECONCEPTIONS ABOUT HOW FAR AND FAST WE WILL CUT RATES. post: BOE GOV. BAILEY: MARKET MOVES IN INTEREST RATE EXPECTATIONS HAVE BEEN DOMINATED BY US MOVES. post: BOE GOV. BAILEY: THERE HAS BEEN SOME DECOUPLING RECENTLY BETWEEN UK AND US MARKET RATE EXPECTATIONS. post: BOE GOV. BAILEY: ONE SMALL CUT IN THE BANK RATE WOULD STILL LEAVE US WITH RESTRICTIVE MONETARY POLICY.
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table The US treasury auctioned off $25 billion of 30 year bonds at high yield of 4.635% The WI (when-issued) level at the time of the auction was 4.642%. The US ...
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Silver prices rallied sharply as US Treasury yields tumbled, and the Greenback weakened as major central banks opened the door to ease policy. At the time of writing, XAG-USD trades at $28.29, up by more than 3.50%. After consolidating below the latest cycle high of $27.733 witnessed on April 26, the grey metal exploded with close to $1.00 gains, clearing ...
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The situation on the forex market continues to develop with my previous comments. But – as you also read previously – the big impact on gold (and mining stock) prices can be delayed until the markets are more certain that the rallies are not accidental. That’s what we saw in 2022, but since I wrote about it in greater detail yesterday, I don’t want 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 ...