Metals News
-
Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals on Wall Street, has died at the age of 87. His daughter Marianne Boesky told The New York Times on Monday that he died in his sleep, and his wife confirmed Boesky’s death to The Washington Post. No cause of death was ...
-
A California city removed the traffic lights from a four-way intersection as the city grapples with thefts attributed to a massive homeless encampment nearby. Oakland has been experiencing high crime and theft, including people stealing copper wires and the city’s infrastructure, according to locals who spoke to CBS News. The city attempted to thwart ...
-
Technical analysts use the Relative Strength Index (RSI) as a momentum indicator. In order to determine whether a security’s price is overvalued or undervalued, it analyses the rate and magnitude of recent price fluctuations. Developed by J. Welles Wilder Jr., the RSI is represented as an oscillator on a scale from zero to 100. It was first published in his ...
-
Markets greeted the new week on Monday with a shrug after cruising to record highs last week. Worries over the future path of inflation and interest rates may take a back seat to geopolitical developments following the news that Iranian President Ebrahim Raisi died along with other leaders in a helicopter crash Sunday. Raisi was a hard-liner whose country ...
-
Gold prices eased on Tuesday as the US dollar firmed, the metal backing away from a record peak hit in the previous session as a fusion of bullish factors including growing US rate cut bets and geopolitical risks drove safe-haven demand. Spot gold was down 0.6% at $2,410.73 per ounce, as of 0335 GMT after hitting a record high of $2440.49 on Monday. US gold ...
-
Headlines once again struggle to keep track of gold's performance. Publications from Saturday mention how gold hit a new ATH of $2,417, but the metal has since moved to $2,440. Besides a display of resilience above $2,400, it appears to also be signaling a desire to move to $2,500. Analyst consensus is that gold will attempt to make the move this week. How ...
-
The ICC prosecutor’s application for arrest warrants against Israeli leaders is outrageous. And let me be clear: whatever this prosecutor might imply, there is no equivalence — ...
-
Federal Reserve Bank of Cleveland President Loretta Mester says monetary policy is well-positioned and expects inflation to come down. Speaking with Mike McKee on Bloomberg ...
-
podcast Brian McCarthy is the founder of MacroLens, an institutional newsletter focused on macroeconomics. Brian previously ran a single-strategy China-focused hedge fund at ...
-
Members began their discussion of international economic conditions by noting that the risks to global growth had become more balanced over prior weeks. While national accounts ...
-
The National Development and Reform Commission of the People's Republic of China (NDRC) is China's 'State Planner'. • 50 fixed-asset investment projects worth 320bn yuan approved ...
-
The first estimates of euro area balance showed a €24.1 bn surplus in trade in goods with the rest of the world in March 2024, compared with +€19.1 bn in March 2023. The euro area ...
-
The US dollar index crept higher alongside US yields on Monday ahead of Wednesday’s FOMC minutes, which saw AUD/USD form a bearish outside day after another false break of 67c NZD/USD also formed a bearish outside day, USD/JPY and USD/CHF rose for a third day – although the moves appear to be more on the general flow of markets as opposed to being driven by ...
-
video Silver begins the week with a new trend high of 32.52 and it is on track to close strong, in the upper third of Monday’s trading range. At the high silver was up by 6.50 points or 25.0% from the most recent swing low of 26.02 from May 2. Nonetheless, today’s high has put silver in a potential resistance zone that could lead to a pullback if not a ...
-
Gold prices hit an all-time high of $2,448.80/oz. on April 12, 2024, on the back of hotter-than-expected NFP, sticky inflation and rising geopolitical risk. These factors attracted inflow of funds as shown by increasing managed money long positions to around two-year high. Despite the pullback towards the end of the month as profit-taking and U.S. dollar ...