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Tag "CME Group’s"

Canada’s CIBC lost $64 million in a day on paper in gold market turmoil

Canada’s CIBC lost $64 million in a day on paper in gold market turmoil 0

🕔10:36, 30.May 2020

LONDON (Reuters) – Canadian Imperial Bank of Commerce (CIBC) took a mark-to-market trading loss of C$88.2 million ($64 million) in one day in March due mainly to volatility in the gold market, the bank said in its second-quarter earnings report

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COVID-19: US imports record amount of gold from Switzerland as virus upends trade

COVID-19: US imports record amount of gold from Switzerland as virus upends trade 0

🕔15:11, 28.May 2020

Swiss exports of gold to the United States leapt to 111.7 tonnes in April — by far the biggest monthly total on record — while shipments to other destinations dwindled, customs data showed on Tuesday. The global gold market has

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