Late in 2016, OPEC members agreed to a six-month production cut. Now Saudi Arabia is proposing an extension to the deal.
By Jocelyn Aspa
On Wednesday, JPMorgan Chase (NYSE:JPM) won three dismissals of private antitrust lawsuits accusing them in 2010 and 2011 of placing artificial bids onto the trading floor, harangued employees at metals market COMEX to obtain prices it wanted, and made misrepresentations to a committee that set settlement prices.
As quoted in the Reuters
NEW YORK and HOUSTON, April 28, 2016 (GLOBE NEWSWIRE) — Cardtronics bought 2,586 cash-dispensing ATMs from Chase, located primarily in high-traffic retailers, the companies announced today. The off-premise ATMs are primarily in Walgreens, ampm and Duane Reade, as well as several airports and other retail locations situated
Palladium prices have gained roughly 12 percent, or $61 over the past month, and the metal is up 21 percent since hitting a low of $467 per ounce on January 12. The metal is still sitting near historic lows, but analysts are calling for prices to come up by the
JPMorgan Chase (NYSE:JPM) and Digital Asset Holdings haver partnered on a trial blockchain initiative meant to make the trading process more efficient and cost effective.
It’s been a topsy-turvy week for precious metals; meanwhile, copper and oil prices both took substantial hits this week.
Reuters reported that a US judge has dismissed an antitrust lawsuit in which zinc buyers had accused Goldman Sachs Group Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM) and Glencore plc (LSE:GLEN) of working together to drive the metal’s price up.
The US dollar is expected to continue pressuring the gold price in 2016, and many firms are now calling for the metal to fall below $1,000.
Though the firm has revised down its medium-term nickel price forecast, longer term it anticipates “a strong price recovery if/when the market moves back to ‘risk on’ mode.”