Oil and gold prices rise as stocks decline following attacks on Iran by Israel.
Francross, a senior market strategist at Angel Oak Capital Advisor, talked about how the recent geopolitical tensions—specifically, the Israeli attacks on Iranian nuclear facilities—are affecting market dynamics. Following the assaults, there was a noticeable shift among investors, many of whom sought refuge in safer investments like gold and US stocks. Overall, the three major US […]
Gold Price Outlook: XAU/USD continues its upward trend with $3,440 in sight
Increased risk aversion has driven gold to reach new monthly highs. Israel’s safety measures following their attack on Iran have heightened the drive for security. The focus for XAU/USD bulls is now on the record highs of $3,440 and $3,495. XAU/USD has been on an upward trend for three consecutive days as of Friday, with […]
Gold reduces some of its intraday increases, reaching close to a two-month high as the US dollar strengthens; optimistic outlook continues.
Gold Prices Attract Buyers Amid Global Uncertainty Gold prices rise for the third consecutive day as investors seek safe havens. Growing geopolitical tensions and trade uncertainties support demand for traditional safe assets. Speculations around a Federal Reserve rate cut are influencing the XAU/USD pair, although a USD rebound poses a limit. Gold (XAU/USD) shows a […]
Bitcoin Will Supplant Gold and Reach $1,000,000, According to Galaxy Digital CEO Mike Novogratz
Bitcoin’s Potential as a Mainstream Asset Mike Novogratz, the CEO of Galaxy Digital, stated today that Bitcoin is on its way to becoming a widely accepted form of currency, with a potential to reach $1,000,000. “Bitcoin has transformed into a macro asset,” Novogratz mentioned. “Now, many people compare it with gold, silver, and the S&P. […]
Bitcoin and Gold: Tether’s New Investment Strengthens ‘Dual Pillar Strategy’
Simply put Stablecoin giant Tether emphasizes the importance of diversifying your portfolio. The company, based in El Salvador, has acquired a substantial stake in the Canadian Gold Royalty Company. Tether also owns a significant amount of Bitcoin, valued at around $10.7 billion. Stablecoin issuer Tether has invested in a gold company as it continues to […]
Christian Pulisic addresses the USMNT Gold Cup situation
Christian Pulisic has expressed that questioning someone’s commitment to the U.S. men’s national team feels unfair. The midfielder is facing criticism from USMNT legends Landon Donovan and Tim Howard after he opted out of the upcoming Gold Cup. On CBS Sports Golazo’s “Call It What You Want” show, he defended his choice, emphasizing that he […]
Christian Pulisic explains his absence from the Gold Cup, stating that his body began to signal its needs.
Christian Pulisic’s Decision to Skip Gold Cup Sparks Debate The US soccer team’s debate over Christian Pulisic’s choice to miss the Gold Cup this summer has not lessened his resolve. In an interview with CBS Sports Golazo Network, he expressed no regrets about his decision, saying, “Please call it what you want.” Pulisic also criticized […]
Silver and platinum prices rise as investors look for alternatives to gold.
Investors are increasingly turning to silver and platinum as alternatives to the US dollar, driving prices for both metals higher. Gold, long seen as a safe haven, has experienced a remarkable surge, climbing 25% since the year began, as investors seek refuge amid ongoing global uncertainties. Interestingly, other precious metals like silver and platinum are […]
Gold Price Outlook: XAU/USD resistance at $3,345 is keeping buyers at bay for now
Gold is seeing moderate gains as the US dollar declines. Investors are preparing for a significant long position in the US dollar ahead of the upcoming US Consumer Price Index (CPI) release. XAU/USD has undergone a bearish correction from last week’s high of $3,400. On Wednesday, gold (XAU/USD) is trading higher, reflecting some hesitation in […]
Gold prices in India: Rates on June 11
Gold prices experienced an uptick on Wednesday, as noted by FXStreet. Currently, the price of gold stands at INR 9,179.94 per gram, which is up from INR 9,132.11 the previous day. Additionally, the value rose from 106,515.10 to 107,073.10 per TOLA since yesterday. Unit Measure INR gold prices 1 gram 9,179.94 10 grams 91,798.06 TOLA […]