On December 2, 2022, the gold rate in India for both 22 and 24 carat have significantly increased. 10 grams of 24 carat gold priced at Rs 53,730 in India, while 10 grams of 22 carat gold cost Rs 49,2...
Tag: Gold
Gold & Silver Stocks Perk Up
closeup of silver eagle and golden american eagle one ounce coins on black background getty The precious metals sector is showing strength after Fed Chair Jerome Powell said interest rates increases m...
U.S. Stock Movers of Note: Buffett Holding StoneCo; Gold Stocks
Stocks rose Wednesday after dovish comments from Fed Chairman Jerome Powell. The Dow Jones Industrial Average rose 737.24, or 2.18% to 34,589.77. The S&P 500 rose 122.48, or 3.09% to 4,080.11. Win...
Mike McGlone: Gold price to break through $2000 and “never looks back”
In the last month, the yellow metal has galloped 7.2% higher, despite a closing low of $1,630.90 in early November, following the possibility of a slowdown in monetary tightening and a slide in the US...
Amid Civil Unrest in China, Gold and Silver Prices Hold Steady — Equity, Crypto Markets Flounder – Market Updates Bitcoin News
Reports on Monday detail that the zero-Covid policy protests in China have lowered market sentiment as U.S. equity markets show the top four Wall Street indexes are struggling. The global crypto marke...
Gold, Silver, Or Bitcoin? Best Asset To Buy Amid Recession Fears
The global market conditions feel on the edge as the US inflation crisis hints at an upcoming recession. Nonetheless, the Fed anticipates more interest rate hikes in 2023 which makes this fear more va...
E.B. Tucker is Optimistic for Gold Price & Pessimistic for Crypto
On 26 November, 2022, the Director of Metalla Royalty, E.B. Tucker discusses the recent FTX fallout, Housing, asset prices, and the Gold price prediction in an interview with David Lin, Anchor of Kitc...
Bitcoin could sink to $9k while gold shines in 2023; Here’s what the expert says
As most assets in the cryptocurrency market continue to struggle with the aftereffects of the FTX collapse, Bitcoin (BTC) is persistently staying below the critical resistance of $16,600, and one trad...
Gold Still Shines – Action Alerts PLUS
Gold is correcting a bit from an overbought condition, but the light volume in SPDR Gold Shares (GLD) tells us this is just a pause. The chart shows a strong pattern of higher highs, higher lows but i...
Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol – Coinotizia
The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC T...
Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol – Blockchain Bitcoin News
The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC T...
China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’ – Economics Bitcoin News
During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 202...
Dubai’s DMCC partners with ComTech for blockchain-based gold trading
Dubai Multi Commodities Centre (DMCC) has partnered with ComTech Gold to enable blockchain-based trading of physical gold bars. ComTech will deposit physical gold bars in DMCC-approved vaults, a...
China ‘likely’ stockpiling gold to lessen reliance on US dollar
This year, central banks have been on a buying frenzy for gold, but it is unclear which ones are responsible for most of that spending, which has fueled speculation that China is a major participant. ...
Gold surpassed Bitcoin, jumped 6% higher
In November 2022, gold has surpassed bitcoin at a time when the crypto market is totally shaken by the recent FTX collapse. Gold jumped 6.12% since November 1, 2022. Analysts are bullish that gold wi...
‘Everyone’s learning crypto bankruptcy right now.’ The FTX crash is set to be a ‘gold rush’ for lawyers
The spectacular collapse of cryptocurrency exchange FTX has been compared to the collapse of Lehman, Enron and the Bernie Madoff scandal. And just like in those cases, lawyers steeped in crypto know “...
Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data – Bitcoin News
This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market ...
The Long-Term Trouble With Gold
Why isn’t the price of gold going up? getty I have never been a fan of gold as an investment, ever since I was an investor in short pants. Even though my first stock at 8 years old was a gold mi...
Can PAX Gold continue to defy market trends? – crypto.news
Paxos Gold (PAXG), also known as PAX Gold, is a crypto asset on the Ethereum blockchain. Each PAXG token is backed by one fine troy ounce of gold stored in Brink’s vaults. So, if you own one PAXG toke...
‘Big Short’ Michael Burry projects gold to rise amid ‘contagion’ of crypto scandals
American investor and hedge fund manager, Michael Burry, commonly known as “The Big Short,” has shared his view on the prospects of gold in the wake of the crypto market downturn. Burry, credited with...
PAX Gold is leading weekly gains, becomes highest gainer of the week
After the unfortunate market fall due to the FTX drama, PAX Gold (PAXG), an asset-backed token is leading the weekly gains. The token has witnessed a whooping week-on-week gain of 5.26% and 1.12% wit...
U.S. Olympic Gold Medal–Winning Curling Team Inaugurates New Chicago Rooftop Curling Rink
Team Shuster (from left: Chris Plys, Colin Hufman, John Shuster and center: Matt Hamilton) was on … [+] hand to inaugurate the opening of Stone’s Throw, a new rooftop curling rink in Chica...
Gold value compare to the prices of Bitcoin and oil
The value of Gold, accomplice to the setbacks of the dollar and the prices of Bitcoin and oil, is experiencing a golden moment that analysts say is destined to last long, aiming as high as $1,900. The...
Gold Bug Peter Schiff Insists This Is ‘Not a Crypto Winter,’ Economist Says It’s More Like ‘Crypto Extinction’ – Bitcoin News
Since bitcoin started falling from its all-time high last year, the economist and gold bug, Peter Schiff, made sure everyone knows that he wholeheartedly believes the leading crypto asset will fall to...
PAX Gold (PAXG) Trades In Green While Other Coins Stuggling
The FTX controversy has pulled the entire crypto market down, with top tokens struggling to stay afloat. Despite the bearish sentiment, PAX Gold (PAXG) has continued to trade in the green zone, keepin...
PAX Gold (PAXG) Leads Weekly Gains Among Top Coins
As the market suffers from FTX’s liquidity crisis, PAX Gold (PAXG), a commodity-backed crypto, continues to lead weekly gains. The 65th largest crypto by market cap was seen keeping a week-on-week gai...
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins – Bitcoin News
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to fr...
Gold surges to a 3-month high after Powell’s dovish rate hike comments
The bulls in the gold market have stepped on the gas in response to comments made by the Federal Reserve Chairman Jerome Powell, who took a dovish stance towards U.S. monetary policy. As a result of P...