Your Daily Digest of Global Stories
Gold prices hit a new all-time high (ATH) this week, breaking through the $2,660 per ounce barrier. Given that the precious metal is considered a safe haven asset, the price increase could signal that the market is anticipating an economic crisis. The ATH occurred after the The US Federal Reserve (Fed) will announce a reduction…
A perfect storm of events is driving gold higher. Read more Source link
Bitcoin (BTC) price correlation with gold has reached its highest level in six months. This shows that both assets are behaving similarly, which is different from the performance of Ethereum’s cryptocurrency, ether (ETH). Precisely, The correlation between gold and bitcoin reached a score of 0.75, something not seen since Marchaccording to market intelligence platform IntoTheBlock….
As the price of gold continues to reach new all-time highs, positive expectations for its future are strengthening. “Longer term, investors should expect gold to continue to act as a hedge against broader market volatility and uncertainty,” comment VanEck. Founded over 70 years ago, this American firm manages investment funds in multiple assets, including precious…
The fact that the price of gold has reached a new all-time high this week, trading above $2,600, seems to be heralding the occurrence of a black swan event, both for the cryptocurrency market and the global economy. This is stated by the analyst Cryptoinsightsuk, who in a message published on X draws attention to…
Gold just set a new record price today, September 20, above $2,600 (USD) per ounce. This movement shows differences in the behavior of stocks and bitcoin (BTC). With this movement, The price of gold continues its trend of reaching new historical highs this yearThis can be seen in the following graph. Gold price in recent…
Key facts: For the firm, investors are leaning towards traditional safe haven assets. Bitcoin is 20% below its all-time high. The price of an ounce of gold reached a new all-time high (ATH). It surpassed the $2,582 barrier in an adverse context for financial markets, including bitcoin (BTC) and cryptocurrencies. For CryptoQuanta data provider firm…
American economist Peter Schiff and Jack Mallers, CEO of Strike, discussed the advantages and disadvantages that bitcoin (BTC) or gold can offer to protect people’s wealth. This in the face of an eventual collapse of the dollar, the currency that for years has maintained dominance as the world’s reserve currency. Mallers and Schiff have different…
Commodity, Gold Silver Price Commodity Market | This rain became a disaster, gold and silver prices fell due to weak demand, will crude oil reach $70? Source link
