Bitcoin (BTC) Proves No Safe-haven Play $BTCUSD, $ETHUSD The global equity market sell off spilled over into the cryptocurrency space, with major digital assets including Bitcoin, Ethereum and Ripple shedding billions in market value in just mins. The unexpected collapse in the digital currency sector follows a period of price stability for the highly volatile market, and may suggest that investors are less […]
Gold Dips on News of Resumed US-China Trade Talks $GLD, $SLV, $USD Gold pared gains as China became a focus point again The possible progress in the trade dispute pressured the USD. Gold prices dipped Thursday as investors purchased riskier assets instead of seeking a safe-haven in gold, on news a new round of US-China […]
Gold Finished Flat, Rate Hike and Trade Tensions Concern $GLD, $SLV Gold prices held steady during Asian trade Tuesday as investors remained on the sidelines amid expectations of a Fed interest rate hike later this month and on fears of an escalation in the US-China trade dispute. Spot gold was mostly unchanged at 1,195.79 oz […]
Gold Finished the Quarter with a Gainer, Bulls Happy $GLD Gold Bulls are finding Y 2018 a Happy Time so far.=. Gold is wrapping up a 3rd quarterly gainer, something not seen since Y 2011, and ETF (exchange-traded fund) holdings are near the highest in 5 years. Safe-haven demand may also get a boost with […]
UAE Expects to be Taken off EU’s Tax ‘blacklist’ The UAE government said it was surprised and disappointed at being listed The United Arab Emirates (UAE) expects to be taken off the European Union’s tax-haven blacklist after it meets criteria for transparency set by the EU, the UAE government said Thursday. “We have committed to […]
Germany Brings Home Some of its Gold Reserves $GLD Germany’s central bank has brought much of its Gold reserve back to Frankfurt, the Bundesbank said earlier this month, restoring a Key element of economic stability the country had sent overseas for safekeeping at the height of the Cold War. Guarded well out of Moscow’s reach […]
Chinese Demand for Gold Bars Up by 51% $GLD Demand for Gold bars in China, the world’s biggest Bullion market, soared by 50%+ in 1-H of this year as investors sought a haven from financial and geopolitical risks. Sales climbed 51% to 158.40 tonnes from a year earlier, the China Gold Association said in a […]
Stanley Druckenmiller Changed His Mind About Gold $GLD, $DIA After the US Presidential election, billionaire hedge fund manager Stanley Druckenmiller made headlines by announcing that he had sold all of his Gold on 8 November. Yes, sold all of his Gold on Donald Trump’s election as President. He said that the way he saw the […]
Bitcoin Up on Uncertainty & Demand for Alternative Assets Bitcoin headed for its biggest weekly jump since June as rising geopolitical risks boosted demand for alternative assets. The cryptocurrency surged 15% on the week to $900.40 in Hong Kong driving its gainer this year to 107%, data show. The last time it was at such […]