DIRS.INFO The most relevant business & tech news

☆ Gold flat as investors seek direction from U.S. inflation data
▼ + stars: | 2022-11-08 | by ( ) www.cnbc.com time to read: +1 min

Gold prices were listless on Tuesday as investors held to the sidelines ahead of key U.S. inflation figures, which are likely to influence the Federal Reserve's rate-hike narrative. Spot gold was flat at $1,675.29 per ounce, as of 0034 GMT. Bullion prices hit a three-week peak in the previous session, buoyed by a weaker U.S. dollar. Gold is considered a hedge against inflation, but rising interest rates increase the opportunity cost of holding non-yielding bullion. The European Central Bank must not stop raising interest rates until underlying inflation has clearly peaked, but it may slow the pace of hikes once rates hit a level that starts to restrict growth, France's central bank chief told the Irish Times.

☆ Gold retreats from three-week high as firmer dollar dulls appeal
▼ + stars: | 2022-11-07 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

Spot gold was down 0.6% at $1,670.29 per ounce, as of 0230 GMT. It's not unusual to see prices retrace against a large move from the prior session, gold is pulling back as the dollar gently rises, said City Index analyst Matt Simpson. Investors will now focus on the U.S. inflation data due later this week. "U.S. inflation data has the ability to make or break gold. Whilst markets currently favour a 50 basis-point rate hike, a hot inflation print would likely see odds for a 75 bps increase and send the dollar higher and gold lower," Simpson added.

☆ Gold heads for weekly loss on hawkish Fed stance
▼ + stars: | 2022-11-04 | by ( ) www.cnbc.com time to read: +1 min

A selection of gold jewellery displayed in the window of a store in the Dubai Gold Souk in Deira, in the United Arab Emirates. Gold prices were little changed on Friday, but the metal was headed for a second straight weekly drop as a stronger dollar and U.S. Federal Reserve 's hawkish policy stance clouded outlook for the non-yielding bullion. Spot gold rose 0.1% at $1,631.33 per ounce, as of 0043 GMT, but it was down 0.6% for the week so far. On Wednesday, the Fed raised interest rates by 75 basis points and Chair Jerome Powell vowed to "keep at" their battle to beat down inflation. Gold is considered an inflation hedge, but rising interest rates dent the non-yielding asset's appeal.

☆ Federal Authorities Break Up Multimillion-Dollar Catalytic Converter Theft Ring
▼ + stars: | 2022-11-03 | by ( Joe Barrett | ) www.wsj.com time to read: 1 min

Federal authorities took a big crack at catalytic converter thefts, announcing raids and arrests from California to New Jersey on Wednesday to break up a network of thieves, dealers and processors that netted hundreds of millions of dollars from the fast-growing crime. Catalytic converters are cylindrical hunks of metal in the exhaust system of most cars that use pricey metals such as platinum, palladium and rhodium to break down harmful gasses into less harmful ones. Thefts have been skyrocketing in recent years as thieves using battery-powered saws and high-speed jacks make off with the devices in less than a minute.

☆ Gold ticks higher on dollar pullback; hawkish Powell caps upside
▼ + stars: | 2022-11-03 | by ( ) www.cnbc.com time to read: +1 min

Gold prices edged higher on Thursday, helped by a slight dip in the dollar, although U.S. Federal Reserve Chair Jerome Powell's hawkish remarks limited further gains in zero-yielding bullion. Spot gold rose 0.2% to $1,638.32 per ounce, as of 0118 GMT, after falling 0.8% on Wednesday. Although gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of holding the non-yielding asset. The European Central Bank "will need additional interest rate increases" to fight off inflation, policymaker Pablo Hernandez de Cos said on Wednesday. Spot silver rose 0.3% to $19.33, platinum rose 0.6% to $935.98 and palladium edged 0.3% higher to $1,860.08.

☆ Nationwide catalytic converter theft ring made hundreds of millions of dollars, feds say
▼ + stars: | 2022-11-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan_Dienst_Byline.Jpg | Jonathan Dienst | ) www.nbcnews.com time to read: +3 min

“Amidst a rise in catalytic converter thefts across the country, the Justice Department has today carried out an operation arresting 21 defendants and executing 32 search warrants in a nation-wide takedown of a multimillion-dollar catalytic converter theft network,” Attorney General Merrick Garland said in a statement. Thieves made off with 12 times as many catalytic converters in 2021 as they did in 2019, according to the National Insurance Crime Bureau. On his Instagram account, he posted a photo of a necklace with a pendant made to look like a catalytic converter. Prosecutors say that was among the businesses allegedly purchasing stolen catalytic converters and reselling them. Technician Adelmo Rodriguez etches a catalytic converter with a license plate number in Huntington Beach, Calif, in 2021.

☆ Gold edges higher ahead of key Fed rate verdict
▼ + stars: | 2022-11-02 | by ( ) www.cnbc.com time to read: +1 min

A selection of gold jewellery displayed in the window of a store in the Dubai Gold Souk in Deira, in the United Arab Emirates. Gold prices ticked higher on Wednesday, supported by a pullback in the dollar, although investors were focused on the U.S. Federal Reserve outlook on future pace of interest rate hikes as the central bank's policy meeting concludes later in the day. Spot gold was up 0.2% at $1,650.13 per ounce, as of 0100 GMT, while U.S. gold futures also gained 0.2% to $1,652.10. U.S. job openings unexpectedly rose in September, suggesting demand for labor remained strong, providing evidence that rapid interest rate hikes have yet to bite hard in the real economy. Investors widely expect the Fed will raise its benchmark overnight interest rate by 75 basis points, the fourth such increase in a row.

☆ Gold hovers near 1-week low as dollar steadies ahead of Fed decision
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: +1 min

Spot gold was listless at $1,633.69 per ounce, as of 0059 GMT, having earlier touched its lowest level since Oct. 21. The dollar index was steady after rising 0.8% overnight, hurting gold's appeal for overseas buyers. Gold is highly sensitive to rising U.S. interest rates, as that increase the opportunity cost of holding the non-yielding metal. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.22% to 920.57 tons on Monday from 922.59 tons on Friday. Spot silver rose 0.2% to $19.18 per ounce, platinum dipped 0.1% to $924.51 and palladium gained 0.9% to $1,856.91.

☆ Gold steady as investors brace for Fed policy meeting
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: +1 min

A selection of gold jewellery displayed in the window of a store in the Dubai Gold Souk in Deira, in the United Arab Emirates. Gold prices were flat on Monday, after declining about 1.3% in the previous session, as investors cautiously awaited the U.S. Federal Reserve' s policy meeting for cues on its rate-hike path. Spot gold was little changed at $1,642.59 per ounce by 0046 GMT, while U.S. gold futures were up 0.1% at $1,645.90. The European Central Bank (ECB) could hike its interest rates by 75 basis points again at its next policy meeting in December, ECB governing council member Klaas Knot said on Sunday. Spot silver fell 0.3% to $19.17 per ounce, platinum eased 0.2% to $942.60 and palladium rose 0.7% to $1,914.06.

☆ How Russia Pays for War
▼ + stars: | 2022-10-30 | by ( Lazaro Gamio | Ana Swanson | ) www.nytimes.com time to read: +17 min

Invasion –84% Imports from Russia –20% Germany Current total trade $4.8 billion Since invasion –3% Exports to Russia Avg. Invasion –51% Imports from Russia +38% The Netherlands Current total trade $2 billion Since invasion +32% Exports to Russia Avg. Invasion –52% Imports from Russia +74% China Current total trade $15 billion Since invasion +64% Exports to Russia Avg. Invasion +24% Imports from Russia +98% India Current total trade $3.3 billion Since invasion +310% Exports to Russia Avg. Invasion –19% Imports from Russia +430% Turkey Current total trade $6.2 billion Since invasion +198% Exports to Russia Avg.

☆ Catalytic Converter Theft Surges as Precious Metals Attract Criminal Groups
▼ + stars: | 2022-10-29 | by ( Joe Barrett | ) www.wsj.com time to read: 1 min

Police around the country are using gumshoe detective work to break up sophisticated rings that steal catalytic converters, though many fear that they aren’t making a dent in a crime wave triggered by pricey precious metals. Catalytic converters, cylindrical hunks of metal within the exhaust system of most cars and trucks, transform harmful gases into less-harmful ones using precious metals including rhodium, palladium and platinum. Some vehicles, such as Toyota Prius models, large pickups and delivery trucks, are often targeted by thieves because their catalytic converters contain a lot of the metals.

☆ Gold flat; set for weekly gain on hopes of less hawkish Fed stance
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: +1 min

Spot gold was flat at $1,663.22 per ounce, as of 0130 GMT but it was up 0.4% for the week so far. The Fed is widely expected to announce another 75 basis-point rate increase at its meeting next week, although the central bank is seen slowing its aggressive pace in December. U.S. rate hikes increase the opportunity cost of holding zero-yielding bullion, while boosting the dollar, in which it is priced. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.34% to 925.20 tons on Thursday. Spot silver eased 0.2% to $19.54 per ounce, platinum rose 0.2% to $962.03 and palladium gained 0.5% to $1,951.07.

☆ Gold firms as U.S. dollar, bond yields fall
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: +1 min

Gold prices rose on Thursday, as the U.S. dollar and Treasury yields fell on mounting expectations of slower monetary policy tightening by the Federal Reserve later in the year. Spot gold rose 0.3% to $1,669.16 per ounce by 0116 GMT, after hitting a two-week high on Wednesday. A weaker dollar makes greenback-priced gold less expensive for overseas buyers. Benchmark U.S. 10-year Treasury yields slid further away from multi-year peak touched last week. Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.

☆ Gold subdued as dollar ticks higher; investors eye Fed outlook
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: +1 min

Gold prices were flat on Wednesday on a firmer dollar, although the bullion was anchored in a narrow range with investors awaiting further guidance on U.S. Federal Reserve 's policy tightening. Spot gold was flat at $1,653.06 per ounce, as of 0118 GMT, while U.S. gold futures were down 0.2% at $1,654.20. The Fed is widely expected to deliver a fourth straight supersized interest-rate hike when they meet in November. Top gold consumer, China's net gold imports via Hong Kong halved from the previous month in September, data showed on Tuesday. Spot silver fell 0.1% to $19.32 per ounce, platinum dipped 0.1% to $914.04 and palladium rose 0.9% to $1,940.55.

☆ Gold firms on softer dollar, investors await Fed cues
▼ + stars: | 2022-10-25 | by ( ) www.cnbc.com time to read: +1 min

Gold prices edged higher on Tuesday, propped up by a pullback in the dollar, while investors awaited further cues on the U.S. Federal Reserve 's interest rate-hike path. Spot gold rose 0.3% to $1,653.28 per ounce, as of 0059 GMT, while U.S. gold futures were up 0.2% at $1,657.70. Although gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of holding the zero-yield bullion, while boosting the dollar and bond yields. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose by 0.29 tons to 928.39 tons on Monday. Spot silver rose 0.4% to $19.33 per ounce, platinum was flat at $925.00 and palladium rose 0.7% to $1,982.33.

☆ Gold steady as hopes of Fed slowdown counter firmer dollar
▼ + stars: | 2022-10-24 | by ( ) www.cnbc.com time to read: +1 min

Gold prices were steady on Monday, having risen 1.8% in the previous session, as hopes that the U.S. Federal Reserve will adopt a less aggressive policy stance later in the year countered pressure from a firmer dollar. The Fed is widely expected to raise its benchmark overnight interest rate by 75 basis points next month, as it battles high inflation. Although gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of holding the asset, which yields nothing. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.3% to 928.10 tons on Friday. Spot silver fell 0.5% to $19.30 per ounce, platinum rose 0.4% to $935.38 and palladium inched 0.1% higher to $2,021.31.

☆ Gold set for second weekly fall as Fed hawks lift Treasury yields
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: +1 min

Customers look at the display window of a store at the gold market in Dubai, one of the busiest jewellery markets in the Middle East. Gold prices on Friday were set for a second weekly decline as U.S. Treasury yields held near multi-year highs following strong labor market data and hawkish comments from Federal Reserve officials, dampening the appeal for zero-yield bullion. The benchmark 10-year Treasury yields held near a fresh 14-year peak hit on Thursday while the dollar index ticked 0.1% higher. A separate data showed U.S. existing home sales dropped for an eighth straight month in September. Spot silver eased 0.2% to $18.63 per ounce, platinum fell 0.4% to $910.30 and palladium dropped 1.4% to $2,028.43.

☆ Gold dips as steady U.S. dollar, looming rate hikes dim appeal
▼ + stars: | 2022-10-19 | by ( ) www.cnbc.com time to read: +1 min

Gold inched lower on Wednesday as the dollar gained some ground, while the U.S. Federal Reserve's commitment to tightening its monetary policy also weighed on zero-yield bullion's appeal. Spot gold was down 0.1% at $1,650.02 per ounce, as of 0317 GMT, while U.S. gold futures were flat at $1,654.80. "Market participants may want to see a clearer end to Fed's rate hikes before restoring some confidence in gold prices," IG market strategist Yeap Jun Rong said, adding given upside risks to inflation, monetary tightening seems far from over. "That will keep gold prices locked in an overall downward trend for now, with any rallies running the risks of being eventually sold into." The Fed is widely expected to deliver a fourth straight 75-basis point rate hike when it meets in November, and traders of futures contracts tied to the policy rate are betting on another oversized hike in December as well.

☆ LBMA delegates predict gold price will rise to $1,830.50 in a year
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

Oct 18 (Reuters) - Delegates from around the world meeting at the London Bullion Market Association's annual precious metals conference in Lisbon predicted that gold prices would rise to 1,830.50 an ounce in a year's time, up from around $1,650 on Tuesday. They forecast that silver prices would rise to $28.30 in a year from around $18.70 on Tuesday, platinum would rise to $1,238.70 from around $915 and palladium would edge up to $2,058.80 from around $2,020. Register now for FREE unlimited access to Reuters.com RegisterReporting by Peter Hobson. Editing by Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

☆ Gold steady as tepid U.S. dollar counters rate-hike woes
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: +1 min

Gold prices were steady on Tuesday as the dollar faltered, although risks from looming aggressive interest hikes by the U.S. Federal Reserve limited gains in zero-yielding bullion. The dollar index was flat in Asian hours, having fallen 1% overnight, while benchmark U.S. 10-year Treasury yields also eased. Gold is highly sensitive to rising U.S. rates, which increase the opportunity cost of holding the non-yielding asset. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.22% to 939.10 tons on Monday. Spot silver rose 0.1% to $18.71 per ounce, platinum was 0.3% higher at $918.00 and palladium gained 0.4% to $2,008.97.

☆ Gold firms as dollar rally pauses; rate-hike woes cap gains
▼ + stars: | 2022-10-17 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose on Monday after declining more than 1% in the previous session, as a pause in the dollar rally alleviated some pressure from the greenback-priced bullion, though looming U.S. rate hike restricted further gains. Spot gold rose 0.4% to $1,648.91 per ounce, as of 0405 GMT. The dollar index was flat, while the benchmark U.S. 10-year Treasury yields eased, moving away from the 14-year peak touched last week. A survey from the University of Michigan on Friday showed consumer sentiment improved further in October, but inflation expectations deteriorated a bit, keeping expectations of another 75-basis-point rate hike intact. Gold is highly sensitive to rising U.S. rates, which increases the opportunity cost of holding non-yielding gold.

At 27, Pierson has defied the odds that many entrepreneurs, especially Latinas, face. Latina founders run nearly 2 million businesses across the country, but receive less than 2% of venture capital funds. Pierson was one of several Latina entrepreneurs speaking in New York City on Friday at a breakfast for investors and members of the media (disclosure: This reporter was one of the moderators). Focused on funding opportunities for women of color, Pierson and others discussed their trajectories on raising capital, scaling up their businesses and achieving significant revenues. One of the other Latina entrepreneurs who discussed her experience starting a business was Karla Gallardo, the founder of Cuyana, a highly successful lifestyle brand known for its sustainably sourced and premium leather accessories and apparel.

☆ Gold slides as U.S. inflation data boosts rate-hike bets
▼ + stars: | 2022-10-14 | by ( ) www.cnbc.com time to read: +1 min

Gold prices fell on Friday, adding to the weekly decline, as a hotter-than-expected U.S. inflation reading cemented bets of another hefty Federal Reserve interest rate hike next month. Spot gold fell 0.3% to $1,660.10 per ounce, as of 0123 GMT. Although traditionally considered an inflation hedge, interest rate hikes to combat soaring prices have reduced bullion's appeal since it yields no interest. Barrick Gold Corp, the world's second-largest gold miner, said on Thursday it expected full-year gold production to be at the lower end of its earlier forecast range. Spot silver dipped 0.3% to $18.81 per ounce, platinum fell 0.5% to $891.67 and palladium was 0.3% lower at $2,101.77.

☆ What to do with your old phones, gadgets and other e-waste
▼ + stars: | 2022-10-14 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +4 min

But in the process, these and other companies may also be adding to a growing problem: electronic waste. Friday marks International E-Waste Day, an annual opportunity to reflect on the impacts of electronic waste and do more to repair or recycle them. The e-Stewards group and Sustainable Electronics Recycling International each offer online tools to find recycling centers that they have certified. The collective impact of recycling e-waste can be staggering. But not all municipalities in the US offer infrastructure for e-waste recycling.

☆ Gold prices steady ahead of U.S. inflation data
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: +1 min

Customers look at the display window of a store at the gold market in Dubai, one of the busiest jewellery markets in the Middle East. Gold prices were steady on Thursday as market participants refrained from making big moves ahead of key U.S. inflation reading that could influence the size of the Federal Reserve 's next interest rate hike. Gold is considered as an inflation hedge, but rising interest rates reduce the appeal of bullion, which yields no interest. ECB President Christine Lagarde singled out interest rate hikes as the best tool to fight runaway inflation in the euro zone. The world's most important certifier of gold refineries said on Wednesday it wants to recognize firms that gather and refine gold dug up by small-scale miners in developing countries.

Search resuls for: "Palladium"

25 mentions found