Metals News
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As Archegos Capital Management cratered in March 2021, it began trying to pull excess cash from trading accounts across Wall Street. At the time, it had about $470 million with Goldman Sachs Group Inc. But instead of withdrawing the money, an Archegos staffer accidentally wired that amount to Goldman, and the bank didn’t immediately give it back. That left ...
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One of the world’s biggest environmental groups is suing the Norwegian government for opening up its seabed for deep-sea mining, claiming that Norway has failed to properly investigate the consequences of this move. WWF-Norway says the government’s decision has breached Norwegian law, goes against the counsel of its own advisers, and sets a “dangerous ...
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Analysts have used technical indicators for years. They analyze historical data, looking at past price movements to speculate on the future price direction of financial instruments. These indicators rely on patterns and gather data from price, volume, or open interest. It's crucial to understand that technical indicators work reactively; they don't predict ...
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The Federal Reserve has overseen seven cycles of interest rate cuts, averaging 26 months and 6.35 percentage points (ppts) each. We’ve partnered with New York Life Investments to examine the impact of interest rate cut cycles on the economy and on the performance of financial assets in the U.S. to help keep investors informed. A Brief History of Interest ...
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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Florian Grummes, Managing Director of Midas Touch Consulting, who breaks down what’s next for Bitcoin, gold, and silver. He forecasts the next price drivers for each asset and shares his technical analysis based on what the charts are saying. Grummes also weighs in on spot Bitcoin ...
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video Gold sold off again on Thursday as it fell below several points of potential support to reach a low of 2,332. Trading continues near the lows of the day and gold may continue lower. Several trendline support areas failed to halt the decline and the 20-Day MA was broken to the downside. Further, it looks like the daily close may come in below the ...
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NVDA smashed earnings and guidance out of the park and shares exploded over 10% higher... chart ... to make the AI-darling above $2.5 trillion market cap for the first time... ...
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As we gather, America’s strong economic performance continues to serve as a key engine for resilient global economic performance. The Biden Administration has driven a ...
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Equities: U.S. stock markets kicked off the trading session with the S&P 500 and the Nasdaq hitting new intraday highs, primarily propelled by Nvidia's impressive earnings report, ...
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Retail sales volumes (quantity bought) fell by 2.3% in April 2024, following a fall of 0.2% in March 2024 (revised from 0.0%). Sales volumes fell across most sectors, with ...
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The gross domestic product (GDP) rose by 0.2% in the 1st quarter of 2024 compared with the 4th quarter of 2023 after adjustment for price, seasonal and calendar variations. The ...
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In a Q1 Barchart recap of the precious metals sector, I highlighted platinum’s 8.77% Q1 decline and palladium’s 7.91% drop. Nearby NYMEX platinum futures closed Q1 at $907.70, with the palladium futures at the $1,021.50 per ounce level. In late May 2024, the metals were over the $1,000 level, with platinum higher and palladium lightly lower than the Q1 ...
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Silver falls 2.18%, trading at $30.10, as strong US business activity data impacts the market. Key support levels: $30.00 psychological level, April 12 high at $29.79, and $29.00. Additional support at May 18, 2021, high of $28.74 and June 10, 2021, high of $28.28. Silver price tumbled more than 2% on Thursday as economic data from the United States showed ...
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RoboMarkets: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK)22.05.2024 / 08:00Dear Clients and Partners, Please note the upcoming adjustments to the trading schedule. Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday in the UK Dates: 27/05/2024 - 28/05/2024 This ...