In recent years, inflation has soared to heights not seen since the early 1980s, but Brien Lundin, a precious metals investor who has been closely monitoring the situation, believes the current levels of inflation may be here to stay and that the Federal Reserve’s target of 2 percent inflation is unrealistic. He is concerned that…
Inflation Will Not Return to Fed’s Target, Precious Metals Investor Warns
Gold Slides as Dollar Steadies, Traders Eye US Data
January 25, 2023
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Business & Marketseconomic policieseconomyForexglobalgoldGold and CommoditiesinflationMarketsmetalspreciousrecessionstocks
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Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S. fourth-quarter economic growth figures. Spot gold was down 0.6 percent to $1,925.02 per ounce at 1152 GMT, after hitting its highest since late April on Tuesday. U.S. gold futures dropped…
Consumer Reports Urges Dark Chocolate Makers to Reduce Lead, Cadmium Levels
NEW YORK—Consumer Reports on Monday urged four chocolate producers to commit by Valentine’s Day to reduce the amounts of lead and cadmium in their dark chocolate products, after testing revealed harmful levels of the heavy metals. In letters to Hershey Co., Mondelez International Inc., Theo Chocolate and Trader Joe’s, Consumer Reports said long-term exposure to…
Hershey Sued Over Chocolate Containing Heavy Metals
NEW YORK—Hershey Co. has been sued by a consumer who accused the company of selling dark chocolate that contains harmful levels of lead and cadmium. In a proposed class action filed on Wednesday, Christopher Lazazzaro said he would not have bought or would have paid less for Hershey’s Special Dark Mildly Sweet Chocolate, Lily’s Extra…
Shine Brightly: How to Clean Metal With Little or No Elbow Grease
Lemons, limes, salt, vinegar, baking soda, isopropyl rubbing alcohol, boiling water, and laundry detergent are just a few of the common household items that will help you breeze through your metal cleaning chores. There’s no universal metal cleaner, as some materials are soft and others extremely durable, and they all require their own fix—but happily,…
Turkey Offers ‘A Warehouse and Bridge’ for Metals Trade to Russia
August 8, 2022
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Business & Marketscrisiseconomic policieseconomyEuropeGold and CommoditiesMarketsmetalsRussiaRussia-Ukraine WartradeTurkeyUkraineWorld
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ISTANBUL—Western sanctions have given the Turkish metals sector a chance to serve as “warehouse and bridge,” the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey. The West, including Britain and European Union countries, have imposed sanctions on Russian elites,…
China’s March Alumina Exports to Russia Soar as Sanctions Over Ukraine Bite
April 21, 2022
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aluminaBusiness & EconomyChinaChina Business & Economycommoditieseconomic policieseconomyEuropeMarketsmetalsRussiaRussia-Ukraine WarsanctionsUkraineWorld
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BEIJING—China’s alumina exports to Russia surged over 90 times in March from the same period a year earlier, customs data showed on Wednesday, as sanctions against Russia for its invasion of Ukraine cut off some of its traditional supplies. In March, China shipped 9,949 tonnes of alumina to Russia, up from 104.5 tonnes the same…
Gold Subdued as Robust Dollar Dims Appeal; Focus on Fed Minutes
Gold prices were subdued on Wednesday in choppy trade as a robust dollar and the prospect the Federal Reserve could raise interest rates aggressively kept non-yielding bullion near a one-week low. Spot gold XAU= was 0.1 percent lower to $1,921.60 per ounce by 8 a.m. EDT (1200 GMT). U.S. gold futures GCv1 were down 0.2…
Gold, Palladium Retreat From Highs
March 9, 2022
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Business & EconomycommoditiescrisisEuropegoldMarketsmetalspalladiumRussia-Ukraine WarstocksUkraineWorld
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Gold and palladium on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback, with analysts predicting another run higher for precious metals in case of a further escalation in the Ukraine crisis. Spot gold fell 1.9 percent to $2,013.79 per ounce, as of 1047 GMT, snapping a four-session rally that…
US Focused on Existing Metals Talks, Tai Tells South Korean Trade Chief
WASHINGTON—U.S. Trade Representative Katherine Tai told South Korea’s trade minister on Thursday the United States was focused on “existing conversations” on steel and aluminum access and that domestic industry’s concerns were influencing the Biden administration’s approach, her office said. South Korea is seeking relief from U.S. tariffs of 25 percent on steel and 10 percent…
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