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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You can’t help but notice just how sensitive commodities are to US dollar movements right now. Take the price action on Thursday as a prime example with an unusually large increase in US jobless claims sparking big gains across the complex, seeing names like gold, silver and copper push back towards their YTD highs. The asymmetric reaction provides a sense ...
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Gold's rally has fizzled for the time being, and investors are grabbing the opportunity to sell their exchange-traded funds that invest in the precious metal. Gold is down about half-of-a-percent this past month, after a year-long rally that had pushed the price up 18%. The $61 billion SPDR Gold Trust (GLD), which is up 13% this year, lost more than $193 in ...
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Copper prices have topped US$10,000 per tonne for the second time in a fortnight but analysts including Goldman Sachs are predicting that there’s still a long way to go. Goldman’s latest forecast is for the red metal to reach US$12,000/t by the end of 2024 and then US$15,000/t in 2025. The last time copper went into five figures was in March 2022, when the ...
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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations ...
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Royce Mendes, managing director and head of macro strategy at Desjardins, joins to discuss the health of the Canadian consumer as retailers post cautious outlooks. Mendes says ...
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The U.S. remained as China's third largest trade partner in the first four months this year, with the total trade volume between the two countries rising by 1.1 percent ...
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UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 ...
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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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Monthly real gross domestic product (GDP) is estimated to have grown by 0.4% in March 2024, following growth of 0.2% in February 2024 (revised up from 0.1% growth in our previous ...
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I believe the silver probably continues to be bullish for a while. However, I want to see a pullback. Closer to the $27 level I will start to scale into a position, but the stop loss just below the $26 level. The target of course is going to be $28.50, but I will do so with a small position.Silver rallied significantly during the course of the trading ...
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You can’t help but notice just how sensitive commodities are to US dollar movements right now. Take the price action on Thursday as a prime example with an unusually large increase in US jobless claims sparking big gains across the complex, seeing names like gold, silver and copper push back towards their YTD highs. The asymmetric reaction provides a sense ...
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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 ...