GOLD: FCA reports that scammers pocketed £27m in cryptocurrency & forex deals; they might have added precious metals.. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle

 

Reserve Bank of Australia hints at a cut Governor Lowe’s speech in Brisbane

At an address to the Economic Society of Australia today Philip Lowe noted: ‘’a lower cash rate would support employment growth and bring forward the time when inflation is consistent with the target’’. Their key cash rate has been stuck at a record low 1.5 per cent since August 2016 and their next rate- setting meeting is June 4th. This for a country where house prices had been booming and has not seen a recession in 30 years.

Social media channels are reporting the possibility of China weaponizing its rare-earth materials. State news agency Xinhua said yesterday that President Xi, accompanied by vice premier and chief trade negotiator Liu He, visited a JL MAG Rare-Earth plant in Jiangxi – sending the share price limit-up today. Heavily used in new technologies industries, the US depends on China for 80 per cent of imports of these metals.

Financial Markets and Political Commentary
 

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