Gold Prices Fall on Treasury Appointment and Interest Rate Concerns
Gold prices fell as traders reacted to Donald Trump’s nomination of Scott Bessent as Treasury Secretary and anticipated the Federal Reserve’s upcoming interest rate decision. Despite a weaker US dollar, which typically supports gold, bullion dropped nearly 2% after a significant rally last week driven by geopolitical tensions. The market views Bessent’s nomination as a […]
Ether Futs Open Interest Hits Record High Signaling Rising Bullish Momentum Amid Record Short Pile up
Ether Futs Open Interest Hits Record High Signaling Rising Bullish Momentum Amid Record Short Pile up Having been left for dead by almost everyone, and missing out on much of 2024’s surge in bitcoin, the second largest crypto currency Ethereum has finally staged a powerful rebound in recent weeks, with the derivatives market signaling further […]
IMF Calls For Economy-Crushing Carbon Restrictions That Dwarf COVID Lockdowns
IMF Calls For Economy-Crushing Carbon Restrictions That Dwarf COVID Lockdowns At the height of the covid lockdowns and mandates a massive portion of the global economy was shut down, leading to supply chain instability, huge job losses and a stagflationary crisis. However, climate change propagandists argued that the event was actually a positive for the […]
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Money-Market Fund Assets Tumble Most In 5 Months After Trump Win; Loan Volumes Surge
Money-Market Fund Assets Tumble Most In 5 Months After Trump Win; Loan Volumes Surge Money market funds saw the largest net outflow since June last week (-$22.2BN) as stocks soared after Trump’s election win… Source: Bloomberg On the bank deposit side of the cash conundrum, total deposits fell for the second week in a row […]
$83 billion Gold Deposit Found
A massive discovery of 330 tons of gold in China’s Hunan province could now reshape the metals market…
Texas’ Gold-Backed Coin Aims To Help Bitcoin Adoption, Lawmaker Says
Texas’ Gold-Backed Coin Aims To Help Bitcoin Adoption, Lawmaker Says Authored by Helen Partz via CoinTelegraph.com, A Texas lawmaker believes the state’s proposed gold-backed digital currency could play a key role in boosting cryptocurrency adoption. Cody Harris, a Republican Party member of the Texas State House of Representatives, addressed the development of a gold-backed token […]
Goldman Sachs Predicts Gold to Hit $3,000 by 2025
Goldman Sachs expert Samantha Dart attributes the surge in gold prices to central bank purchases, forecasting a rise to $3,000 per ounce by late 2025. Dart points to central bank acquisitions as the primary driver behind gold’s price increase highlighting the significant impact of institutional buying on the precious metals market.
NY ‘Hush Money’ Judge Grants Trump Request To File For Dismissal, Postpones Sentencing Indefinitely
NY ‘Hush Money’ Judge Grants Trump Request To File For Dismissal, Postpones Sentencing Indefinitely Liberals will be tearing what’s left of their hair out even more this morning as Judge Juan Merchan just granted President-elect Trump’s request to file a motion to dismiss the charges in the Stormy Daniels’ ‘hush money’ case and removed the […]
Economy's Strength Prompts Fed to Rethink Rate Cut Plans
Recent economic data and proposed policies from the incoming Trump administration have prompted the Federal Reserve to adopt a more conservative stance on interest rate cuts. This change in outlook could lead to fewer reductions in 2025 than previously anticipated, potentially affecting mortgage rates, auto loans, and small business financing. The Fed now emphasizes a […]