Copper Prices Dip Amidst Dollar Strength and China's Real Estate SlumpCopper prices fell again on Wednesday, influenced by a combination of a strengthening dollar and ongoing challenges within China’s real estate market, which is a significant consumer of industrial metals. The price of three-month copper on the London Metal Exchange decreased by 0.4% to $8,439 per metric ton by mid-morning, reversing a brief recovery from […] READ MORE 3,000-Year-Old Phoenician Gold Artifact Discovered in JerusalemA rare 3,000-year-old gold pendant, believed to be the earliest gold artifact found in Jerusalem, was recently showcased to the public. Unearthed a decade ago during excavations at the Ophel, near Temple Mount, this tiny piece of jewelry from the First Temple period had been largely overlooked until last year. Described by Brent Nagtegaal from […] READ MORE Injecting New Life into the World’s Deepest MineHarmony Gold Mining Co. plans to invest 7.9 billion rand ($410 million) to significantly extend the life of the Mponeng mine, the world’s deepest mine, from seven to 20 years. This decision contrasts with the broader trend of decline in South Africa’s gold industry, which has seen production drop to less than a fifth of […] READ MORE How Gen Z's Interest in Gold is Shaping the MarketGold is experiencing a notable resurgence in popularity, particularly among the Gen Z demographic, as it regains its status as a coveted asset. This revival in interest comes despite the previous shift towards diamonds and other gemstones among Chinese consumers. The Spring Festival holiday saw strong gold consumption, with prices remaining high, yet not deterring […] READ MORE Oil Prices Climb as Market Optimism Grows Amid Tightening Supply SignalsOil prices have seen an uptick, supported by signs of robustness in the physical crude markets, contributing to the rally observed throughout the month. West Texas Intermediate (WTI) climbed above $78, nearing its peak for 2024, driven by strong refining margins and increased interest from foreign buyers looking to bypass Red Sea shipping complications. READ MORE G-20 Says World Economy Has Growing Chance of Soft LandingAt the recent G-20 meeting in Brazil, finance chiefs have expressed optimism about the global economy’s prospects, highlighting an increasing chance of achieving a soft landing despite recent challenges. According to a draft of the G-20’s closing statement, this positive shift is attributed to a faster-than-expected disinflation, suggesting a more balanced outlook for the global […] READ MORE February Sees First Drop in Consumer Confidence Since November, Signaling Economic UneaseIn February, consumer confidence in the U.S. experienced its first decline since November, marking a notable shift in public sentiment regarding the economy. The Conference Board reported a decrease in the Consumer Confidence Index to 106.7, down from January’s revised figure of 110.9. This decline came as a surprise to many, particularly following January’s preliminary […] READ MORE Analysts Predict Brighter Prospects For Gold Ahead in 2024Gold prices are currently experiencing a slight decline, sitting at $2,041.7 per troy ounce, with a modest outlook for imminent price increases according to Macquarie analysts. Despite gold’s strong recent performance, driven largely by significant physical demand from China, the prospect for near-term price growth remains limited. This is attributed to the inverse relationship between […] READ MORE Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job GrowthThe possibility of the U.S. Federal Reserve reducing interest rates in 2024 could be impacted by recent economic indicators, including robust job growth and less promising inflation data, potentially postponing rate cuts until summer. Despite inflation receding from its peak, there’s a concern that it may have plateaued around 4%, rather than continuing its descent […] READ MORE « Previous 1 … 27 28 29 30 31 … 62 Next »
