$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 […]
Gold and Oil Rally Amid Escalating Ukraine Tensions
As the Russia-Ukraine conflict escalates, gold and oil prices surge while the euro weakens. Gold rose 5.4% this week to $2,688 an ounce, and Brent crude gained 4.5% to $74.29 a barrel. The U.S. dollar reached a two-year high as poor economic data and rising European gas prices pressured the euro. Tensions heightened after Russia […]
Pound Plunges to 6-Month Low as UK Economy Falters
The British pound tumbled to its lowest level against the dollar since May, following weak economic data. November’s business output shrank for the first time in over a year, while October’s retail sales fell more than expected. This economic weakness may force the Bank of England to consider more aggressive rate cuts than previously anticipated.
Escobar: The BRICS Spirit Is Alive And Well In South Africa
Escobar: The BRICS Spirit Is Alive And Well In South Africa Authored by Pepe Escobar, At the APEC annual summit in Lima, Comrade Xi Jinping was practically coronated as the King of Peru, as a lively moveable feast celebrated the brand new $1.3 billion Chancay-Shanghai Maritime Silk Road across the Pacific. There could hardly be […]
Visualizing 80 Years Of The Gold-to-Oil Ratio
Visualizing 80 Years Of The Gold-to-Oil Ratio Gold and oil – two of the most influential commodities on the planet – have a fascinating relationship that has evolved over decades, captured in the gold-to-oil ratio. The gold-to-oil ratio represents the number of barrels of crude oil equivalent in price to one troy ounce of gold. […]
China Strikes Gold: 300-Tonne Deposit Found in Central Province
China has unearthed a massive gold deposit worth $83 billion in Hunan province. Geologists discovered over 40 gold veins containing 300 tonnes of gold within 2,000 meters depth at the Wangu gold field. This find could significantly boost China’s gold production, which currently accounts for 10% of global output. The Hunan Academy of Geology predicts […]