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Jan Nieuwenhuijs, an expert in gold markets, believes he has found evidence that Europe is preparing to adopt a new standard. He states that the recent movements of several Eastern European countries—purchasing or selling gold to reach a determined ratio—are part of the actions leading up to this de…
The shift from gold to Bitcoin ETFs highlights changing investor preferences, signaling a potential redefinition of safe-haven assets. The post BlackRock’s Bitcoin ETF overtakes its Gold ETF in size appeared first on Crypto Briefing.
Economist and gold advocate Peter Schiff declares gold’s explosive rise is only the beginning, forecasting a historic rally fueled by looming inflation and economic turmoil. Peter Schiff: Gold Bull Market Hits Record High — But This Is Just the Beginning Economist and gold advocate Peter Schiff unde…
Bitcoin ETFs have attracted $21 billion since January, affecting gold's performance. Other cryptocurrencies are pursuing ETFs to engage investor interest. Continue Reading:Bitcoin ETFs Attract Significant Investment, Impacting Gold’s Market Share The post Bitcoin ETFs Attract Significant Investment,…
Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing its ro…
Jan Nieuwenhuijs, a seasoned gold market analyst, has observed a change in gold purchasing flows, stating that while the East previously drove prices up, Western investors are now in charge of pushing the gold market to new heights. However, a ‘perfect storm’ for gold prices might ensue if the East …
Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the closely contested U.S. election. This sentiment al…
On October 18, the US Securities and Exchange Commission (SEC) approved a rule change that allows the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to offer options trading for multiple spot Bitcoin exchange-traded funds (ETFs). This decision comes during a period of s…
Central banks from several nations have signaled a shift towards increasing gold reserves, citing geopolitical tensions and economic uncertainty. Officials from Mexico, Mongolia, and the Czech Republic expressed support for gold’s growing role, reflecting broader trends as central banks seek safe ha…
The stablecoin Tether (USDT) is considering lending to international commodities traders, especially in developing markets. Tether’s high profits and existing connections may create lucrative opportunities. Tether could profit handsomely from credit-starved business ventures, especially as it faces …
Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold sold out in early October. The trend reflects growing demand for gold as a hedge against inflation and economic uncertainty. Co…
Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign policy o…