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Stocks And Precious Metals Charts - From Enemy Occupied Territory
Article By:
Jesse's Cafe Americain
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Wednesday, May 1, 2024 4:51 PM EDT
Stocks lost their moonshot in the last hour and dumped back all the way to unchanged with a vengeance. Gold and silver managed to hold on to some of their gains, but were well off their highs.
Central Bank Gold Buying Sets New 1st Quarter Record
Video By:
Chris Marcus
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Wednesday, May 1, 2024 2:06 PM EDT
The central banks have been on a gold buying spree ever since Russia was sanctioned by the US in early 2022. And they just set a new first-quarter record for the amount of gold purchased.
Gold Price Remains On Tenterhooks With Eyes On Fed Policy Decision
Article By:
FXStreet
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Wednesday, May 1, 2024 7:41 AM EDT
Gold trades close to a more than three-week low around $2,285 in Wednesday’s European session. The precious metal weakens as the USD and bond yields strengthen amid speculation that the Fed will maintain a restrictive interest rate environment.
Coffee Commodity Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Wednesday, May 1, 2024 7:25 AM EDT
Wave B is still in progress. It looks to be in the last leg for a zigzag structure. The decline could continue to 207-to-199 before returning upside for wave C.
Visualizing Global Gold Production In 2023
Article By:
Jeff Desjardins
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Wednesday, May 1, 2024 6:17 AM EDT
Over 3,000 tons of gold were produced globally in 2023. China was the top producer in 2023, responsible for over 12% of total global production, followed by Australia and Russia.
In this article: GLD
Gold’s Persistent Bullish Phases Mark A Century Of Growth
Article By:
Muhammad Umair, PhD
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Wednesday, May 1, 2024 6:02 AM EDT
Gold has long been revered for its aesthetic allure and as a hedge against economic uncertainties. Recently, the gold market started to correct lower. This is due to seasonal adjustments and an overbought condition noted in weekly and daily charts.
In this article: GLD
Copper Prices Retreat From Two-Year High Of $10,208 A Ton Amid Cautious Chinese Demand
Article By:
Invezz
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Wednesday, May 1, 2024 5:53 AM EDT
Despite a brief surge that saw copper reach a two-year high of $10,208. Despite a brief surge that saw copper reach a two-year high of $10,208, prices dropped to $10,100.50. Investors remain bullish on copper's long-term demand prospects.
In this article: COPX
FX Daily: DXY Closing In On Year’s High Ahead Of Fed
Article By:
ING Economics
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Wednesday, May 1, 2024 3:48 AM EDT
The relentless stream of above-expected US inflation data continues. Yesterday it was the turn of the Employment Cost Index to surprise on the upside. Higher US rates have sent one measure of the trade-weighted dollar - the DXY - to the year’s high.
Elliott Wave Analysis For Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas
Video By:
Peter Mathers
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Wednesday, May 1, 2024 2:50 AM EDT
Dollar and Yields are higher and gold, silver, bitcoin, ETH/USD, copper, oil, and gas are lower. We can expect this weakness to continue over the next trading sessions.
WTI Remains Under Selling Pressure Below $81.00 Amid Unexpected Oil Stockpile Build
Article By:
Lallalit Srijandorn
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Wednesday, May 1, 2024 1:40 AM EDT
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.80 on Wednesday. The black gold edges lower on rising crude inventories in the United States and easing geopolitical tensions in the Middle East.