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 ‘perfe

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

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 fund

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, refle

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-

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 he

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 r

In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even highe

Gold might still be more favorable for avoiding risks

German-based real-world assets (RWA) tokenization platform Finest has launched tokenized gold on the Cardano network. In an X update, the… The post Cardano Onboards Gold as It Welcomes First Ever $150,000 in Tokenized Gold first appeared on The Crypt

Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s curr

The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from 13.98 to 24.3 against the U.S. dollar. This drastic move addresses rising exchange rate volatility and inflationary pressures that ha

The post Is Bitcoin the Next Gold? Howard Lutnick Drops a Bombshell appeared first on Coinpedia Fintech News In a recent interview with Fox Business, Howard Lutnick, the CEO of Cantor Fitzgerald, strongly criticized Bitcoin skeptics and made a bold s

Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including Ch

The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rat

Gold’s lower volatility than Bitcoin gives it an edge when the markets wander in uncertainty, Maruf Yusupov, co-founder of the gold-backed stablecoin Deenar, told crypto.news. “The reasons for this Bitcoin trend are not far-fetched and are hinged on

Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. “We expect the U.S. dollar to stay under pressure as yield differentials narrow,” UBS explained, adding: “Gold’s rally has further to run.” UB

Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been acquired

Peter Schiff, Chief Economist and Global Strategist at Europac, has criticized the lack of coverage that major economic media outlets have given to the recent surge in gold prices to record highs. However, Schiff characterized this lackluster coverag