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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Curators are "devastated" after gold objects dating back 3,000 years to the Bronze Age were stolen from a museum. A gold torc and a gold bracelet were stolen during a break-in at Ely Museum on Tuesday. The museum acquired the torc, valued at £220,000, in 2017 using grants and donations and it said the loss was a "huge blow". Cambridgeshire Police said itwas ...
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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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Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. Additionally, consumers are bracing for even higher price increases in the year ahead compared to readings from prior months, the survey found. The gauge, which is closely tracked ...
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Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines. In April, employment rose among core-aged men (25 to 54 years old) (+41,000; +0.6%) and women (+27,000; +0.4%) as well as for male youth aged 15 to 24 (+39,000; +2.8%). There ...
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post: FED'S LOGAN: IT IS TOO EARLY TO THINK ABOUT CUTTING RATES. post: FED'S LOGAN: THERE ARE UNCERTAINTIES IF POLICY IS SUFFICIENTLY RESTRICTIVE. post: FED'S LOGAN: IT IS NOT A SOFT LANDING YET. post: FED'S LOGAN: I STILL SEE GOOD REASONS WHY INFLATION WILL HIT 2%. post: FED'S LOGAN: THE NEUTRAL INTEREST RATE LEVEL MAY HAVE RISEN.
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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 worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade expanded at the start of the second quarter of 2024, ...
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China urged the U.S. to create an enabling environment for bilateral relations and cooperation across various fields, noting that the generalization of the concept of national ...
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Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. ...
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Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly ...
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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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Copper prices were seen breaking out to their highest levels in two years today. A combination of a weaker US Dollar and developments within the Chinese macro backdrop have helped fuel a fresh wave of buying. Copper futures are now up around 30% off the YTD lows and look poised for further gains with price now trading at fresh YTD highs. A jump in US ...
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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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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 ...