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 »
Gold prices rebounded on Thursday despite a rise in the dollar as US yields rose. Moreover, gold has been unable to obtain refugee status, but its volatility remains high and will continue to generate volatile price action. After a larger-than-expected rise in US jobless claims, the riskiest assets unleashed. They doubled after the record levels …
Gold Up More than 1% on Unemployment Benefits in the US Read More »
Gold prices jumped more than 4% on Monday, reversing previous losses. Investor confidence was boosted by the Fed’s aggressive new measures to combat the economic impact of the coronavirus outbreak. The Federal Reserve announced that the US central bank would very aggressively buy more securities. The metal prices climbed from modestly higher levels to sharp …
Gold Climbs More Than 4% – Fed took new measures Read More »
Gold prices fell on Monday after reaching $ 1,700, as investors sold bullion amid the collapse of the stock and energy markets, eclipsing demand for the metal as a haven. At the same time, Palladium sank up to 8% on the day. In a volatile session, spot gold rose 1.7% to $ 1,702.56 an ounce, …
Gold Prices Recede After Exceeding $1,700 for Profit-Taking Read More »
Gold prices were up 0.5% at $1,678.25 per ounce on Friday. Earlier, it touched its highest since January 2013, $1,689.65, or 1.2%. U.S. gold futures increased 0.5% to $1,679.50. Metal prices were on track for their biggest weekly boost since January 2009. The global spread of the coronavirus made growth prospects unclear and sent investors …
Gold’s Road to the Most Significant Increase in 11 Years Read More »
The world is going crazy and emerging into chaos. But maybe it was like that all the time, and we’ve just noticed? Nevertheless, Gold is holding proud and has managed to slip for two days in a row despite a total meltdown in global stocks. Gold Futures for April delivery slipped 0.1% to USD1,650.70 by …
Nothing can stop Gold from rising, even Coronavirus Read More »
Russia’s wealthiest person plans to expand his blockchain platform by launching his crypto token. Clients will be able to buy metals, as well as air tickets, and transfer ski passes from his companies. It is not the first time when Vladimir Potanin decided to develop this industry. He voiced his intentions to develop crypto tokens …
Vladimir Potanin Wants to Launch His Own Crypto Token Read More »
At first glance, it is hard to connect mining companies with the crypto industry. However, that’s exactly what happened in the Russian Federation. Moreover, the Central Bank of Russia (CBR) is also involved in this project. Nornickel is one of the largest mining companies in the world. Last year, the company developed the platform to …
Russia’s Central Bank, Mining Company and Crypto Industry Read More »
Nornickel is one of the largest mining companies in the world. It operates not only in Russia but in southern Africa and western Australia among other countries. Russia’s some of the wealthiest people, such as Vladimir Potanin and Roman Abramovich, as well as Oleg Deripaska, are the main owners of this company. On February 17, …
Russian Company Nornickel and Tokenization Trial Read More »
Gold traders are working their way to the top and looking to end the year with gains, defying all odds. Spot gold prices are now at their two-month highs thanks to the unwavering confidence of bulls. However, many experts still doubt whether prices could continue their bullish momentum once Washington and Beijing’s trade agreement comes …
Spot Gold Prices Still Bullish Despite Trade War Optimism Read More »
Commodities on the market are on the move again thanks to recent news about the US-China trade war. Spot gold prices climb to monthly highs after China criticized the new US interface. The highly volatile metal’s safe-haven appeal is gleaming thanks to the two biggest economies. Aside from that, the holiday sessions – Christmas and …
Spot Gold Prices Rally Ahead of the Holidays | Wibest Read More »
Spot gold prices steady this Tuesday following the latest sentiment from the United States Federal Reserves. Experts say that 2020 will be a good year for the volatile commodity, adding that 2019 has been rough on traders. Last Friday, the XAU USD pair fell sharply against the positive results from the US Nonfarm Payroll report. …
Spot Gold Prices Flatline As Fed Suggests Rate Pause Read More »
Spot gold price inches up in today’s trading after the news from the trade war revive gold bulls. In the past sessions, the lack of sureness about the direction of the controversial dispute was confusing traders in sessions. Just in, Chinese state-owned media published that Chinese and US diplomats held another phone call. According to …
Spot Gold Price Hikes After Trade War News | Wibest Read More »
Spot gold prices contracted in Thursday’s trading as traders shift their focus towards the US non-farm payroll. Wall Street is preparing as analysts forecasts a sharp drop in the NFP report on Friday. Several factors affect spot gold prices in today’s trading, causing it to swing from green to red territories in sessions. Among those …
Spot gold prices unexpectedly went down in today’s trading concerning traders on the outlook of the precious metal. Despite heightening tensions in geopolitical and trade disputes, spot gold prices had difficulty gaining in sessions. The XAU USD trading pair went down by 0.16% or 2.50 points in sessions. Spot gold prices are currently at $1,529.74, …
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