News

24.11.07 News

CME CEO, 'Gold Trades have Tripled Today'

According to CME CEO, Terry Duffy, trading activity for gold has increased significantly following the recent election. This surge in trading volume suggests heightened investor interest and market volatility surrounding gold in response to the election outcome. The dramatic increase in gold trades likely reflects investors adjusting their portfolios and hedging strategies in light of […]

24.11.07 News

Fed Cuts Rates Amid Uncertain Economic Landscape Following Trump's Win

The Federal Reserve is expected to cut interest rates by a quarter percentage point on Thursday, following Donald Trump’s election victory. This decision comes amid a changing economic landscape, as Trump’s proposed policies on tariffs, taxes, and immigration could significantly impact growth and inflation. The Fed now faces the challenge of navigating these potential changes […]

24.11.07 News

Bank of England Cuts Rates, Warns of Inflation Pressures Ahead

The Bank of England has cut interest rates to 4.75%, with expectations of gradual further reductions. However, the recent UK budget and Donald Trump’s election victory are likely to increase inflationary pressures, potentially slowing the pace of future rate cuts. This marks a shift from the post-2008 era of deflation concerns to a higher interest […]

24.11.07 News

Central Banks Brace for Turbulence as Trump Reclaims White House

Donald Trump’s victory in the US presidential election presents significant challenges for central banks worldwide. The unexpected outcome has left monetary officials unprepared, as they couldn’t position themselves for a Republican triumph beforehand. Central banks will need to adapt quickly to the new political landscape, potentially facing pressure from Trump’s policies on tariffs, immigration, and […]

24.11.06 News

Election Aftermath: Trump Victory Pressures Gold, but Bullish Outlook Remains

Gold prices fell following Donald Trump’s decisive election victory, primarily due to a strengthening US dollar making bullion more expensive for many buyers. While the immediate impact was negative for gold, analysts predict a potentially bullish long-term outlook under Trump’s presidency, citing factors such as inflationary pressures and potential trade tensions with China.

24.11.05 News

Rare Uptick for Zimbabwe's Struggling Currency: ZiG Gains 4%

Zimbabwe’s gold-backed currency, the ZiG, has shown a rare positive performance against the US dollar, strengthening by 4% to 26.90 per dollar according to central bank data. This marks the second consecutive day of gains for the ZiG, which has struggled since its introduction in April. The currency’s appreciation is attributed to tighter monetary policies […]

24.11.05 News

Gold Steadies as US Election and Fed Rate Decision Approaches

As the US election gets underway and the Federal Reserve is expected to lower interest rates, gold prices hold steady just below their all-time high. Bullion has seen a significant surge of more than 30% in 2024, driven by factors such as anticipated rate cuts, central bank purchases, and geopolitical uncertainties. The close presidential race […]

24.11.04 News

Gold Retreats from Record Highs as Investors Lock in Profits

Gold prices have experienced a minor pullback from recent all-time highs, primarily due to profit-taking by traders. The precious metal briefly touched $2,800 per ounce before retreating, with volatility driven by factors such as the upcoming U.S. election, economic uncertainty, and geopolitical tensions. Despite the short-term fluctuations, long-term investments continue to flow into gold, with […]

24.11.04 News

How a Potential Silver Squeeze Could Rewrite Market History

The silver market is poised for a potential historic short squeeze due to a combination of factors, including decades of price suppression by major banks, a significant disparity between paper and physical silver, declining mine production, and increasing industrial demand. As banks face potential losses on their short positions and physical supplies dwindle, the true […]

24.11.04 News

Currency Markets Roiled as US Election Race Tightens

The US dollar weakened and Treasury yields fell as recent polls showed Kamala Harris gaining ground against Donald Trump in the presidential race. Investors had previously bet on a Trump victory, but are now adjusting their positions as the election appears too close to call. The Mexican peso and other currencies strengthened against the dollar […]