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Japan’s finance minister says ‘speculative’ moves in currency market impacting yen

The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines.   “We will [...] READ MORE

Gold hits fresh record as rate cut hopes build after data shows inflation ease

Gold prices shot to a fresh record on Monday, as investors continued to bank on U.S. interest rate cuts after data showed a key inflation gauge cooling.   Gold futures (GC00) (GCM24) rose just over $40, or 1.7%, to $2,278.30 an ounce. Gold settled at $2,238.40 an ounce on Comex Thursday, the highest finish on [...] READ MORE

Silver Could Be Heading to $50 – Watch These Levels for Clues

Gold surged to a fresh high this week, while silver also closed positively despite the US dollar strength. Factors like inflation concerns and anticipated Fed rate cuts are bolstering precious metals, with silver potentially poised for a breakout. Silver's consolidation near key support levels suggests it could initiate a significant upward move if it maintains [...] READ MORE

A Complete Guide To Buying Gold Bullion In Canada: Everything You Need To Know

Gold bullion is the timeless asset that stands firm against this uncertain economy, you can consider it as a steadfast guardian of your wealth. In Canada, gold bullion is highly sought after for investment and collectables. Therefore, more and more investors, whether seasoned or newbies, become intrigued by the value of this precious metal. If [...] READ MORE

Wholesale Silver Bullion: From Ancient Trade to Modern Investments

Did you know civilizations like the Greeks, Romans, and ancient Chinese used silver in bulk for trade and wealth preservation? They knew its value then, just like investors do today.  Buying wholesale silver bullion is not just about having a collection of shiny metal to diversify the portfolio, but investing in it has been a [...] READ MORE

Why are gold prices rising?

Credit: Shutterstock Gold prices continue on the rise, after hitting an all-time high in mid-March. This growth is a result of the US Federal Reserve’s indication that interest rates will be cut by three-quarters of a percentage point by the end of 2024.   Investors typically turn to gold during periods of market volatility or [...] READ MORE

Larry Fink joins Jamie Dimon and Jerome Powell is sounding the alarm on ‘snowballing’ national debt: ‘The situation is more urgent than I can ever remember’

Victor J. Blue—Bloomberg via Getty Images America’s "snowballing debt"—at $34 trillion and counting—is putting the country on course to end up in a crisis reminiscent of Japan's lost decade, and Washington cannot take for granted the notion that investors will continue to fund its fiscal deficit forever, warns BlackRock CEO Larry Fink. The CEO of [...] READ MORE

Beware of Synthetic Gold!

  Discover the truth behind HSBC’s claim of tokenizing gold with Mike Maloney and Alan Hibbard. In this eye-opening discussion, they dissect the fine print of HSBC’s gold investment scheme. Learn why this supposed innovation might not be what it seems, the limitations investors face, and the significant risks involved. If you’re considering investing in [...] READ MORE

Gold hits record highs on safe-haven demand, US rate cut bets

Production of gold at Krastsvetmet precious metals plant in Krasnoyarsk (Reuters) - Gold prices hit a record high on Thursday, and logged their best month in over three years, propelled by U.S. interest rate cut expectations and strong safe-haven demand.   Spot gold gained 1.2% to $2,220.85 per ounce as of 1:50 p.m. EDT (1750 [...] READ MORE