The spot gold price plunged into free fall on Wednesday’s session. This is after it was hit by lower risk aversion amid widespread gains from the world’s leading stock indexes. In this context, the price of XAU / USD plummeted by more than 1.6%. Gold settled close to $1,700 an ounce, its lowest level since …
Gold’s price falls as S&P 500 strengthens above 3,100 points Read More »
Venezuela was struggling to cope with numerous issues even before the coronavirus pandemic. Interestingly, this South American country has the largest proven oil reserves in the world. However, the state of the local economy is far from being ideal. The country unveiled its cryptocurrency called petro several years ago. Nevertheless, it is hard to describe …
Venezuela’s Cryptocurrency Petro and the U.S. Sanctions Read More »
Several years ago, Venezuelan President Nicholas Maduro announced the petro, and let’s have a look at this cryptocurrency. On January 5, 2018, Venezuela’s president announced that Venezuela would issue 100 million tokens of petro. Moreover, in 2017 Maduro stated that petro would be backed by Venezuela’s reserves of oil as well as gasoline, gold, and …
ICE is Ready to Pay $5 Million for Venezuela’s Crypto Chief Read More »
Gold saw some gains on Monday since buyers stepped in to acquire during the early drop in prices. Two significant crises the US is experiencing are positively affecting gold prices. Across the major US cities, massive civil unrest has exploded over racial inequality. Besides, the country’s economy has wavered due to the coronavirus pandemic. Gold …
Gold erases early losses as the US is facing several crises Read More »
A NEW BROKER ON THE HORIZON – 101INVESTING.COM It is not unusual to see new brokers rise up in this industry. Most of the newer brokers you come across are daughter-companies of large and established financial brokerages. The newer branches are created for inclusiveness. 101Investing is one of them. FXBFI created their daughter company to …
After the decrease in the coronavirus cases, several countries eased lockdown. Positive economic indicators set up gold for a weekly drop. Besides, the escalated tensions between the US and China underpinned gold’s haven appeal. Spot gold prices were up 0.2 percent at $1,727.75 per ounce. US gold futures climbed 0.4 percent to $1,729.40. Since October …
The Covid-19 pandemic has harmed the platinum market, including price, demand, and supply. Still, the results of the report of the World Platinum Investment Council (WPIC) is quite promising. According to it, the first quarter of 2020 is showing that the net effect is less than feared. The outlook for the platinum this year is …
Covid-19’s impact on platinum is less than feared Read More »
Central banks choose the assets as the part of their reserves, based on security, liquidity, and returns. The crisis caused by Covid-19 has created an unprecedented deterioration in financial markets. Furthermore, it has confirmed the vital role of gold in central bank reserves. The report by the World Gold Council highlights the importance of the …
Covid-19 confirms gold is vital for central bank reserves Read More »
Concerns about tense relations between America and China and weak data from America’s economy boosted appetite for investing in the gold market. The price of the yellow metal yesterday settled at its highest level since October 2012. Gold rose 1.04 percent to $ 1,761.87 an ounce. Gold for delivery in June increased by 0.89 percent …
Gold surged to $ 1,761, the highest level since 2012 Read More »
As exciting as the Crypto market is, it is rife with volatility and uncertainty. In some ways, this is inevitable. The first cryptocurrency, Bitcoin, only appeared in 2008. Its relative novelty means much of its function and its features have not been decided upon as of now. Much of the public is still wary when …
The crypto industry is evolving and women are willing to take part in this process. Moreover, women are not only trading cryptocurrencies but are working as analysts, developers, etc. Also, blockchain companies founded by women have the ability to compete with companies run by men. This industry helps to dismantle gender stereotypes. Additionally, factors such …
The cryptocurrency and blockchain sectors continue to develop as more and more people are willing to embrace cryptocurrencies. However, some people may think that the cryptocurrency industry is dominated by males. However, according to the report prepared by CoinMarketCap, the number of women in this industry rose in the first quarter of 2020. Moreover, in …
The Number of Women in the Cryptocurrency Industry Read More »
The Reserve Bank of India increased its gold reserves by 7% during the last fiscal year. This is in comparison to the figures recorded in the previous period. Between April 2019 and March 2020, the entity added 40.45 tons of gold to its reserves. This was a total raise of 653.01 tons. The number places …
India increased its gold reserves by 7% in 2019-2020 Read More »
The king of high-end sim racing equipment just announced a special-edition ring. The Fanatec ClubSport Steering Wheel F1 2020 has forged carbon fiber, which is a distinctive element of a typical Lamborghini. Fans can find the material in the 5mm-thick front plate in the core of the wheel. It’s also found on the magnetic paddles, …
The Fanatec ClubSport Steering Wheel F1 2020 is Almost Here Read More »
The spot gold price operated on a positive note this Tuesday and advanced more than 0.4% to $ 1706. The price was driven by the uncertainty generated by the first attempts to ease confinement measures in various economies, as well as inflation figures in the United States. The indecision in the price of the XAU/USD …
Gold rises amid concerns of a second wave from Coronavirus Read More »
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