Investment, News around the World

Gold nearly reached USD 2,050 per oz

Gold spiked to nearly USD 2,050 per troy ounce this morning amid the US inflation report, then dropped nearly USD 20 per oz on profit taking.

Lask week, US Federal Reserve announed a rate hike of 0.25 percenrage point. In general, higher interest rates are typically bearish for yellow metals – Gold and make precious metals less attractive as an alternate investment. However, a pause or an end to the rate hikes may send the bullion markets bullish again.

Global investers currently are watching closely in the standoff in Biden and congressional leaders over the US debt ceiling and also a potential banking crisis. Both factors will weight heavily with the US and global econimic growth. And the uncertainty in the US markets will push investors turn to the haven asset – gold market.

Image source: https://www.pexels.com/photo/gold-coins-and-bars-on-black-background-8442322/

Collections, Investment

How to invest in Art

Investing in art is perceived as an advanced investment for some of the people it is because art is not a liquid asset. However, investing in art is still one of the valuable investments to date. Here are some reasons behind.

More and more people are beginning to see Art investment as a valuable and consider it as a reliable long-term asset. One of the reasons is arts holds its value over time and has a tendency to grow steadily even the other markets fluctuated significantly.

Furthermore, diversifying your investment portfolio is very important for professional investors. It is important to know that having a variety of assets can help to minimize risk.

Coins made of precious metals is one of the options of art investment for beginners. It also one of the popular and affordable investments options for young investors.