Goldman Sachs predicts gold may reach $5,000 amid increasing concerns about the Federal Reserve’s independence.
Goldman Sachs Predicts Potential Surge in Gold Prices Goldman Sachs has forecasted that gold prices might reach as high as $5,000, primarily due to concerns that President Trump is attempting to undermine the Federal Reserve’s autonomy. This year, precious metals have gained about 35%, hovering over $3,500 per troy ounce, making gold one of the […]
Gold stabilizes under record levels as investors take profits, with attention on ADP data.
Gold takes a breather after reaching an impressive $3,578.50, leading to profit-taking and a stable USD influencing market sentiment. This easing also contributes to lower US Treasury yields, bringing some calm to the global bond market. Traders are eyeing the upcoming ADP employment reports as a key indicator ahead of the Non-Farm Payrolls (NFP), which […]
Gold prices in India: Rates on September 4
Gold prices saw a decline on Thursday, as reported by FXStreet. The price of gold per gram dropped to INR 10,000.95, down from INR 10,082.24 on Wednesday. For TOLA, prices decreased from INR 117,597.30 to INR 116,649.10 just a day earlier. Unit Measure INR gold prices 1 gram 10,000.95 10 grams 100,011.80 TOLA 116,649.10 Troy […]
Harlem Hellfighters receive Congressional Gold Medal in Washington
Honoring the Harlem Hellfighters In a significant ceremony on Capitol Hill, the Secretary of Defense and various Congressional leaders took time to honor the renowned African American regiment from New York that fought during World War I. This event acknowledged the contributions of the 369th Infantry Regiment, famously known as the Harlem Hellfighters. The descendants […]
Roy Jones received his 1988 gold medal – years after the Olympic dispute
Roy Jones Jr. Finally Receives Olympic Gold Medal After 36 Years It’s quite a moment, really. About 36 years after being controversially denied his rightful Olympic gold, Roy Jones Jr. received the medal from Park Si-Hun, the man who won in that infamous match. The emotional reunion unfolded at Jones’ ranch in Pensacola, Florida, where […]
Large wildfire in California Gold Rush area destroys land
A significant wildfire has erupted within the historic Gold Rush area of California, prompting residents to evacuate their homes for safety. This fire has devastated both the landscape and the structures in its path. As reported by Calfire, Tuolumne County’s 6-5 wildfire has spread quickly and remains active, with no containment in sight. Authorities have […]
Olympic champion sells gold medals and permanently departs the USA, stating, ‘I required the funds.’
Team USA Legends Auction Gold Medals Some former Olympic legends from Team USA have taken a bold step, countering expert advice by deciding to auction their gold medals. This decision came as a former athlete shared on Facebook that the proceeds from the sale would help fund his move abroad. He also mentioned selling his […]
Gold has reached a new all-time high, and its record-breaking surge might still continue.
Gold prices hit a new peak this week, with spot values soaring above $3,500 mid-week. By Wednesday morning, bullion had risen from a high of $3,537 earlier in the week and was recorded at $3,534.42 at 1:17 AM ET. On the same day, US gold futures for December delivery jumped to $3,600. The recent market […]
Zeldin and Trump Can Block $16 Billion in ‘Gold Bars’ for Climate Organization
Federal Appeals Court Rules on EPA Funding A federal appeals court recently ruled 2-1, allowing EPA administrator Lee Zeldin the authority to withhold $16 billion in funds, referred to as “gold bars,” that were allocated by the Biden administration prior to his departure. This ruling from the U.S. Court of Appeals for the D.C. Circuit […]
Appeals Court Rejects Tanya Chutkan’s Efforts Against Trump Administration’s Move to Recover Biden’s ‘Gold Bars’
Federal Appeals Court Rules Against Biden-Era Grant Program A federal appeals court criticized a judge appointed by Obama on Tuesday, allowing the Trump administration to terminate $16 billion in grants associated with the Biden administration’s climate initiatives, which are under review. The court stated it didn’t have the authority to manage this case, asserting that […]