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…
Tag: stagflation
The Royal Mint – The Royal Arms 2022 1oz Gold Bullion Coin
The Royal Mint – The Royal Arms 2022 1oz Gold Bullion Coin This will be the final year of Royal Arms bearing the effigy of Queen Elizabeth II struck by The Royal Mint. The effigy of Queen Elizabeth II appears on the obverse in a design by Jody Clark in 2015. The face value of…
Robert Kiyosaki said this is the “last chance” to buy gold and silver at “these low prices”.
The best-selling author of “Rich Dad Poor Dad” Robert Kiyosaki said that this may be the last chance to buy gold and silver at such low prices as the market wrap up a very volatile year. He forecasted that the low of the gold market will be around USD 1,800 per oz and silver will…
UK Prime Minister Liz Truss apologized for her mini-budget
Image source: https://media.cnn.com/api/v1/images/stellar/prod/221017124957-03-liz-truss-lead-image.jpg?c=16×9&q=h_720,w_1280,c_fill UK Prime Minister Liz Truss apologized for her controversial mini-budget that crashed the UK Sterling, rattled financial markets and led to her firing her closet political ally. Despite of the huge pressure from the investors and party member, Truss insisted that she would lead her Conservative Party into the next general election. Last…
Crypto experts shrug off the bitcoin plunge and here are the reasons
Cryptocurrency is having a terrible week. Still, long-term investors are really care about the steep drops in the value of digital currency and the temporarily halt of withdrawals in the exchanges. Bitcoin, the world most valuable cryptocurrency, dropped nearly to USD 21,000 in recent days. it is sitting nearly 70% below its historical high of…
Gold Price Down USD 50 on the Day Indicating Markets in Chaos.
The markets in chaos: precious metals prices down, Bitcoin price hits lowest level since December 2020 and stocks plunges. Analysts warn of panic selling as investors are pre-reacting to the Federal Reserve’s interest rate hike on this Wednesday following a high inflation rate of the U.S. The inflation is now expecting at annual pace of…