Trump's tariff concerns have caused the US market's silver and copper to become disconnected from the international market
2025-01-09 19:23:14
Copper and silver futures in New York surged above international benchmarks as traders ramped up bets that Trump would impose steep import tariffs on the two metals. COMEX front-month silver futures on the New York Mercantile Exchange traded at a premium of more than $0.80 an ounce to spot silver prices in London on Thursday, near their December peak. COMEX front-month copper also traded at a premium of $623 a tonne to LME copper for the same period, close to the record during the historic short squeeze that rocked the global copper market last year. Traders have been scrambling to ship copper to U.S. warehouses since last year to take advantage of the price surge. A similar situation has been underway since silver prices in New York began to surge. Ole Hansen, head of commodity strategy at Saxo Bank, said: "Investors around the world are starting the year looking for protection against tricky and potentially rising inflation, fiscal debt concerns and the unpredictability of Trump." The COMEX price blowout "is certainly part of the Trump unpredictability story".
7x24 Newsflash
23:00 2025-03-28
Fed Daly: Friday's PCE inflation data confirms my belief that confidence in my own benchmark forecasts has declinedMr. Daly said he was 100 per cent focused on inflation and that progress had been stagnant. Friday's PCE inflation data confirmed my view that confidence in my own benchmark forecasts has waned. Stagflation is a tail risk that cannot be ruled out but has not been heard from the sources contacted.
22:51 2025-03-28
Taproot Wizards NFT has been distributedBitcoin NFT project Taproot Wizards posted on social media that Taproot Wizards NFTs have been distributed, some have been confirmed, and the rest should be confirmed in the next bitcoin block.
22:42 2025-03-28
Slow Mist: ReachMe platform security bugs were found yesterday, and the project party has been informed to complete the repairThe SlowMist security team disclosed security bugs in the ReachMe platform. Researchers @im23pds and @T41nk_ found that they could successfully bypass the payment threshold of 1BNB (about $600), and only pay 0.01BNB (about $6) to send a private message to CZ. The vulnerability involves a payment verification logic flaw that allows attackers to construct special transactions to bypass fee detection.
SlowMist has informed the project party of the vulnerability details according to industry norms, ...
22:42 2025-03-28
Uniswap v4 volume breaks through $2.50 billionUniswap Labs posted that the cumulative trading volume of Uniswap v4 has exceeded 2.50 billion dollars, with Ethereum, Arbitrum, Base and BNB chains contributing the main trading volume.
22:14 2025-03-28
Galaxy Digital plans to scale back bitcoin mining, Texas data center turns to AI-related businessAccording to Galaxy Digital's financial report, the company plans to reduce bitcoin mining production in the coming quarters and transform its data center in Texas into an AI and high-performance computing (HPC) facility. This transformation is based on a 15-year escrow agreement with CoreWeave.
21:50 2025-03-28
Musk: xAI acquired X in an all-stock deal, valuing the two at $80 billion and $33 billion, respectivelyMusk posted on X that xAI acquired X in an all-stock deal. The deal values xAI at $80 billion and X at $33 billion, or $45 billion minus $12 billion in debt.
21:41 2025-03-28
International gold continues to hit a record highSpot gold rose 0.88% to $3,084.25 an ounce; COMEX gold futures rose 0.59% to $3,116.6 in June, up 2.26% this week; both continued to hit record highs. COMEX silver futures fell 0.82% to $34.795 an ounce, up 3.71% this week.
21:35 2025-03-28
Federal Reserve Governor Barr: artificial intelligence could have major impact on productivity and economyFederal Reserve Governor Barr said artificial intelligence could have a significant impact on productivity and the economy.
20:43 2025-03-28
Coinbase Adds Keyboard Cat (KEYCAT) to Listing RoadmapAccording to an official announcement, Coinbase has announced the addition of Keyboard Cat (KEYCAT) to its listing roadmap.
20:22 2025-03-28
Fed Daly: Still sees two rate cuts this year as a reasonable forecastThe Federal Reserve's Daly said it still believes that two rate cuts this year are a reasonable forecast.
20:07 2025-03-28
U.S. stocks opened lower, with all three major indexes closing sharply lowerU.S. stocks opened lower and went lower. All three major indexes closed sharply lower. The Nasdaq fell 2.7% and fell 2.59% this week; the S & P 500 fell 1.97% and fell 1.53% this week; the Dow fell 1.69% and fell 0.96% this week. Large technology stocks fell generally. Netflix, Google, Amazon, and Meta fell more than 4%. Tesla, Microsoft, and Intel fell more than 3%. Apple fell more than 2%. Nvidia fell more than 1%.
20:01 2025-03-28
U.S. stocks closed: three major stock indexes fell sharply, technology stocks fell for three consecutive daysOn March 29, the three major U.S. stock indexes collectively closed down sharply on Friday. The Dow fell 1.69%, the S & P 500 fell 1.97%, and the Nasdaq fell 2.7%. Star technology stocks fell for the third consecutive day, with Google (GOOG. O) down 4.8%, Meta Platforms (META. O) down 4.2%, Tesla (TSLA. O) down 3.5%, Apple (AAPL. O) down 2.6%; Nasdaq China Golden Dragon Index fell 3.11%, Baidu (BIDU. O) down 5.1%, and Bilibili (BILI. O) down 4.6%.
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