Author: FX
Gold, US Dollar, Treasury Yields, Fedspeak – Asia Pacific Market Open:Gold prices fell on Thursday as US Dollar and bond yields roseHawkish Fedspeak and US jobless claims data cooled pivot betsAsia-Pacific risk aversion may spell more trouble for XAU/USD Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Asia-Pacific Market Briefing – Gold Prices Sink as Treasury Yields ClimbGold prices sank 0.77% on Thursday which was the worst single-day performance in almost one week. The yellow metal sank as the US Dollar and front-end Treasury yields climbed during the Wall Street trading session. XAU/USD tends to function as the anti-fiat…
TomasSereda/iStock via Getty Images SSR Mining (NASDAQ:SSRM) said Thursday it produced of 623,819 gold equivalent oz in FY 2022, including more than 182K gold equivalent oz in Q4, to meet revised guidance targets. Full-year all-in sustaining costs of $1,339 per gold equivalent oz also was in line with guidance. For FY 2023, SSR Mining (SSRM) issued guidance for total production of 700K-780K gold equivalent oz and AISC of $1,365-$1,425 per GEO. In its updated three-year outlook, the miner expects to maintain an average production base of ~700K geo/year through 2025, which it expects to deliver without significant capital investment requirements…
Ayr Wellness sells Blue Camo business for $20M to AZ Goat Source link
© Reuters. FILE PHOTO: Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Hannah Lang (Reuters) -Crypto exchange Kraken agreed to shut down its cryptocurrency staking service and pay $30 million in penalties to settle U.S. Securities and Exchange Commission charges that it failed to register the program, the agency said on Thursday, in a move that could cause headaches for platforms with similar offerings. The settlement marks the SEC’s first crackdown on staking, a common service offered at both centralized and decentralized crypto exchanges, including most of the major exchanges in…
This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. Goldman Sachs Goldman Sachs Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City. It was founded in 1869 and is one of the largest and most well-known investment banks in the world.Goldman Sachs has a mixed reputation. On one hand, it is known for its expertise in investment banking and its role in many…
Share: Oil installations around Turkey and Syria had reported no or minor damages, which capped WTI’s drop. Fed hawkish commentary capped WTI’s rally toward $80.00. WTI Price Analysis: To remain downward biased, eyeing $73.00. WTI creeps lower after testing weekly highs around $78.80 and drops toward the $77.70 area on Thursday amid further hawkish Fed speaking pushing back against Fed Chair Powell’s comments on Tuesday. In addition, speculation of damages to oil infrastructure following an earthquake in Turkey and Syria faded, which remained intact. At the time of writing, WTI exchanges hands at $77.63 per barrel. Worries about…
First Financial Bankshares declares $0.17 dividend Source link
© Reuters. FILE PHOTO: People walk past the building of Mexico’s Central Bank (Banco de Mexico) in downtown Mexico City, Mexico February 28, 2019. Picture taken February 28, 2019. REUTERS/Daniel Becerril/File Photo By Brendan O’Boyle and Anthony Esposito MEXICO CITY (Reuters) – The Bank of Mexico’s five-member governing board unanimously voted to increase the benchmark interest rate by 50 basis points to 11.00% on Thursday, above market forecasts, citing a complex inflation scenario and suggesting future hikes would be smaller. The decision by Banxico, as the central bank is known, comes hours after data showed consumer prices in Latin America’s…
The RBA is floundering around on monetary policy at the worst-possible time for Governor Philip Lowe. This week’s hike and shift to a more-hawkish stance caught the market off-guard.It also underscored that the RBA was slower to act than it could have been and that will prolong the pain of higher rates. Talk of an impending recession is also high in Australia, putting pressure on politicians to find a scapegoat.Lowe’s term is set to end on Sept 17 but the government would need to act considerably earlier to find a replacement. Today, the Sydney Morning Herald reports:Within the government, there…
AFRM, VNRX and NAOV among mid-day movers Source link