14 / 16 Relevant items tagged with #GOLD
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Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk
[Apr 20, 2023 8:38 AM] Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be "rugged."
Gold Slides on Higher US Treasury Yields, Dollar
[Apr 19, 2023 11:30 AM] Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United…
Gold Bugs Still Don’t Get It: Bitcoin’s Ledger Makes It The Better Store Of Value
[Apr 16, 2023 6:00 AM] Many of gold bugs’ values overlap with Bitcoin, but they dismiss BTC without understanding the superiority of its digital ledger. This is an opinion editorial by Luke Groom, a civil engineer, JD-MBA student and part-time strategy associate with…
Healthy Bitcoin rally: What does a margin lending ratio drop mean for BTC price?
[Apr 15, 2023 6:37 AM] Will $30,000 BTC price hold? Bitcoin market structure remains bullish with another 10% gain on the table as sellers refrain from shorting.
Tokenization of Real-World Assets a Key Driver of Digital Asset Adoption: Bank of America
[Apr 14, 2023 3:10 AM] The tokenized gold market reached over $1 billion in value last month, the report said.
US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year
[Apr 12, 2023 8:31 AM] On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following…
Breaking Dollar Hegemony, BRICS Nations Are Leading The World To Hyperbitcoinization
[Apr 9, 2023 6:00 AM] How the emergence of BRICS as an alternative to the U.S. dollar’s global dominance will usher in worldwide bitcoin adoption.This is an opinion editorial by Milan Stanojevic, an elementary school teacher and filmmaker.Since the end of the second…
Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets
[Apr 8, 2023 4:30 AM] Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive…
Historical Bitcoin price fractal hints at rally toward $50K
[Apr 7, 2023 11:39 AM] Bitcoin price in 2023 mirrors a 2015 fractal that saw BTC price doubling from $350 to $700 in seven months.
Peter Schiff on the Upcoming Gold Bull Market and Wall Street: ‘It Will Be Spectacular, Capitulation Will Be Epic’
[Apr 6, 2023 11:30 PM] Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend in the future, surprising stock traders. Schiff stated that gold stocks were the new tech stocks and that Wall…
Market Analyst Heralds the Collapse of ‘Everything,’ Calls for Hedging in Gold and Silver Before There Isn’t Any Left
[Apr 5, 2023 12:30 AM] Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face of an…
Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High
[Apr 4, 2023 3:06 PM] Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.
Bitcoin Heads for Best Quarter in Two Years, Outperforms Ether, Gold, Nasdaq
[Mar 29, 2023 3:30 AM] One observer said poor order book depth is primarily responsible for bitcoin's rally, while others pointed to the cryptocurrency's sound money appeal and Fed pivot speculation as bigger catalysts.
Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency
[Mar 27, 2023 3:30 AM] Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign…
Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
[Mar 22, 2023 1:05 PM] Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed…
Why The Crypto Market Could Soon Go “Parabolic”
[Mar 20, 2023 2:44 PM] Bitcoin price has begun to take off like a rocket, but the rest of the crypto market has remained at a crawl. However, if the TOTAL crypto market cap chart from TradingView moves much higher, it could break a key level that in the past reversed the…
Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains
[Mar 18, 2023 12:30 PM] At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in…
‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change
[Mar 17, 2023 2:30 PM] At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many…
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
[Mar 15, 2023 1:30 PM] After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto…
US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
[Mar 14, 2023 11:30 AM] The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased…
Spain Prepares to Expand Offer of Gold Bullion Coins for Investors
[Mar 14, 2023 5:30 AM] The government of Spain has approved the resources for a new issuance of gold bullion coins, which will be directed to satisfy a higher estimated demand for these instruments. The Spanish National Coin Factory will purchase 40 million euros in…
Bitcoin market cap flips tech giant Meta, widens gap on Visa
[Mar 14, 2023 12:05 AM] BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla.
Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report
[Mar 5, 2023 4:30 PM] Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold…
Gold Bug Schiff Says ‘The Months of Declining Inflation Are in the Review Mirror,’ AI Crypto Assets Surge, and More — Week in Review
Bitcoin's Correlation To Risk Assets
[Feb 16, 2023 2:00 AM] While many bitcoin investors look for the asset to behave as a safe haven, bitcoin typically has ultimately acted as the riskiest of all risk allocations.The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's…
Binance CEO: crypto industry will probably move to non-dollar stablecoins
[Feb 14, 2023 3:45 PM] The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.”
US Inflation Remains Higher Than Expected, Raising Concerns Among Investors
[Feb 14, 2023 11:00 AM] U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate…
Digital Gold Traded for Digital Rubles by Russia’s Rosbank
[Feb 9, 2023 6:30 AM] Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets…