Gold fell below US$3,000 per ounce this week before rocketing to a new all-time high. Gary Wagner, executive producer at TheGoldForecast.com, explains why that happened and how he expects the yellow metal to perform in the long term as market turmoil continues. Securities Disclosure: I, Charlotte McLeod, hold no direct…
Here’s a quick recap of the crypto landscape for Friday (April 11) as of 9:00 p.m. UTC. Bitcoin and Ethereum price update At the time of this writing, Bitcoin (BTC) was priced at US$83,823.99 and up 5.2 percent in 24 hours. The day’s range has seen a low of US$81,675.28…
In a rapidly escalating economic conflict that now threatens to fracture global trade, the US and China are locking horns once again in a full-blown, protracted tariff war. On Wednesday (April 9), US President Donald Trump announced sweeping new tariffs targeting Chinese goods, raising levies to a staggering 125 percent.…
Will Rhind, CEO of GraniteShares, discusses gold’s ongoing price momentum and latest all-time high, saying he sees fear as a key driver right now. However, increasing M2 money supply is also an important underlying factor for the yellow metal. Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in…
While there was no new market data in Canada, south of the border the US Bureau of Labor Statistics released its March consumer price index (CPI) data on Friday (April 11). The all items CPI figures were down in March, posting a 2.4 percent year-over-year increase compared to the 2.8…
Major miner Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO)reported total spending of AU$10.3 billion with Western Australian suppliers in 2024, marking a new record for the company. The commodities giant boosted its spending with suppliers in the state by AU$1.5 billion for the year in a bid to support local businesses continuously and grow…
Global markets took a beating this week as investors and world leaders reacted to sweeping tariffs announced by the Trump administration on April 2, with tensions between the US and China escalating. After last week’s losses, this week started with a brief but sizable 8.5 percent surge on Monday (April…
New York state’s top financial regulator struck a $40 million settlement Thursday with Block Inc., the parent of Cash App, the popular money transmission service, after having found the company had “serious compliance deficiencies” related to its anti-money laundering program and transaction monitoring processes. The deficiencies at Block, some involving cryptocurrencies,…
Israel has released a Palestinian man who was controversially arrested at the age of 13, after he spent nearly a decade in jail. “Ahmad has completed his 10-year sentence and he is a free person now,” Zabarqa said. “The Israeli authorities have imposed restriction on the family as far as…
Sudan has accused the United Arab Emirates at the United Nations’ top court of violating the Genocide Convention by supporting paramilitary forces in its Darfur region. “A genocide is being committed against the ethnic group of the Masalit in the west of our country,” Sudan’s acting justice minister, Muawia Osman,…