Latest news with #Wycoff
Time of India
16-05-2025
- Business
- Time of India
Cooling trade tensions set gold on track for worst week since November
Gold prices dropped more than 2% on Friday and were set for their worst week since November, as increased risk appetite from the U.S.-China trade agreement weighed on the market. Spot gold fell 1.7% to $3,185.87 an ounce as of 1007 ET (14:07 GMT) and was down 4.2% so far this week. Last month, prices had reached a record high of $3,500.05 amid escalated tariff tensions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Iraq: Jewelry On Sale For Half Price! (See Price List) Luxury Jewelry | search ads Undo U.S. gold futures was down 1.2% to $3,188.70. "The thawing of the U.S.-China trade war has revived risk appetite across the broader marketplace. This shift is prompting profit-taking among futures traders, particularly in the gold market, and has triggered a week-long wave of liquidation," said Jim Wycoff, senior analyst at Kitco Metals. Washington and Beijing earlier this week announced a 90-day pause, while they work out the details to end their tit-for-tat trade war. Later, the U.S. said that it was slashing "de minimis" fees on smaller shipments from China. Live Events As a result, the Wall Street's three main indexes opened higher on Friday, building on this week's gains, after a long period of uncertainty. Bullion is considered a hedge against economic and geopolitical turmoil. It also tends to do well in a low-interest rate environment. Meanwhile, recent slowing inflation data, combined with a weaker-than-expected economic data, in the United States cemented bets of more Federal Reserve rate cuts this year. Markets expect the U.S. central bank to implement two rate cuts, beginning in September. Spot silver lost 1.3% to $32.27 an ounce and fell over 1% for the week. "It seems to me that if gold resumed its bull market run, then silver has a more upside price potential too," said Wycoff. Meanwhile, platinum dipped 0.6% to $983.56 and palladium eased 0.3% to $965.46. Both the sister metals also headed for weekly declines.
Yahoo
30-04-2025
- Yahoo
Court documents: Fire outside Orpheum was intentionally set, caused $25k in damage
WICHITA, Kan. (KSNW) – Earlier this month, a fire outside the Orpheum Theatre had Wichitans concerned for the historic building, but fortunately, it sustained only minor damage. Court documents are now shedding more light on what happened. At 7:34 p.m., the Wichita Fire Department responded to a report of a building fire at the Orpheum Theatre. Upon arrival, firefighters observed heavy flames coming from staged roofing materials outside the theatre, producing a large amount of smoke. The materials were intended for roof repairs on the nearby AT&T building and had been delivered earlier that day. They were stored next to the Orpheum within a chain-link fence for security. A nearby crane truck also sustained minor damage from the heat. The south side of the Orpheum suffered minor damage due to the spreading fire, including two windows with broken panes and significant heat damage to a mural. Court documents state that the Orpheum had CCTV footage of the incident. The footage shows a man walking back and forth several times near the roofing materials on the sidewalk. He is then seen standing next to the materials and reaching toward them. Moments later, a fire ignites, and the man quickly walks away into an alley behind the theater. Another camera captured clearer images of the man, including his clothing—a red hooded sweatshirt with a 'Wichita Bail Bonds' logo on the chest. The Orpheum's executive director was inside the theatre at the time of the fire. On April 12 at 7:19 p.m., a man matching the suspect's description was observed and later identified as Jeremy Wycoff. He was detained and interviewed by police. According to court documents, Wycoff 'agreed' that the individual in the video and photographs was him. He stated that he had been in the area, had flicked a cigarette, and was looking for it, claiming he did not intend to start a fire. Wycoff denied any further involvement. Wichita police seek 18-year-old in March homicide case Fire investigators conducted a thorough examination to determine the fire's origin: 'No accidental sources of ignition were located within the area of origin. The cause of this fire was an intentionally set fire by way of human hand by an open flame. Fire patterns and CCTV footage support this conclusion. The fire loss is estimated at $200,000 to the insulation panels and $5,000 to the Orpheum Theatre Building located at 200 N. Broadway. Furthermore, this fire put (the theatre's executive director) in great bodily harm while occupying the building at 200 N. Broadway during the time of the fire,' court documents state. Wycoff has been charged with both aggravated arson and arson. His bail was set at $150,000. A motion to modify the bond has been filed on his behalf and is scheduled to be heard by a judge on May 2. His preliminary hearing is set for May 19. For more Kansas news, click here. Keep up with the latest breaking news by downloading our mobile app and signing up for our news email alerts. Sign up for our Storm Track 3 Weather app by clicking here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
