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COULD GOLD BE A WIN-WIN?
I’ve spent the weekend doing a lot of thinking about the economy, markets and the effects of the virus on our society. Although I’ve tried to stress that all three are not as correlated as many market participants believe (especially over the short run), neither are they completely independent (especially over the longer run). There… Read More
Stronger Chinese steel output seen supporting iron ore prices in Q2: Platts survey
Iron ore prices should be well supported in the second quarter, despite the slow recovery in downstream steel demand, as Chinese mills are expected to lift steel output, according to the latest S&P Global Platts outlook survey. Some 38% of survey respondents expected iron ore prices to remain in the $80-$90/mt CFR range, while 28%… Read More
Saudis Claim US Patriot Missiles Activated In Major Yemeni Houthi Attack On Riyadh
Houthi rebels in Yemen over the weekend launched what’s being described as among the largest assaults on Saudi Arabia since the start of the war five years ago. Starting on Saturday the Saudi military said it intercepted at least two ballistic missiles over the capital of Riyadh, as well as over the southern city of… Read More