Category: Business & Finance
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Gold Rate Outlook for April 28, 2025 week: Buy or Sell?
Gold, the symbol of wealth and stability, has been a subject of interest for investors around the world. Approaching the week of April 28, 2025, the big question doing the rounds among them is if they should buy or sell the precious metal. Market trends, economic indicators and geopolitical factors will all play a crucial…
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Understanding Cryptocurrency: An Insight into Pros, Cons & Working of Digital Currency
With the advent of digital age, a new form of currency has evolved in the form of cryptocurrency. This form of currency is purely digital, decentralized in nature, and relies on cryptography for security.## Pros of Cryptocurrency Autonomy: Cryptocurrencies provide the users with autonomy over their own money more than traditional currencies. Transparency: The details…
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Silver Price Upholds 20-Day Support Despite Possible Pullback – FXEmpire
Despite facing threats of a downturn, the silver market has managed to hold steady in a 20-day support trend, according to FXEmpire. The precious metal market has remained buoyant, suggesting the potential for an upcoming pullback. However, investors should not be quick to bet against silver; resistance levels indicate a resilient market that is far…
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Gold Prices Soar to New Heights, Chinese Insurers, and London Silver Market Impact
In an unexpected turn of events, the price of gold has hit an all-time high. The significant gain in prices is speculated to be linked to Chinese insurers increasing their gold holdings, leading to a surge in demand. Alongside this, the London Silver market has tightened, reflecting the increased need from Investors seeking to diversify…
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Market Pressure Leads to Profit-Taking in Precious Metals
As we entered into the second week of February 2025, financial markets across the globe experienced a significant shift. Precious metals, once on a steady uphill climb, came under heavy pressure due to profit-taking activities. This trend was highlighted by Kitco NEWS, which analyzed the sudden price pressures on gold, silver, platinum, and other dear…
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Ex-President Trump’s Tariff Threat Sends Crypto Market into a Downward Spiral, Including His Own Meme Coin.
The Unforeseen Impact of Tariff Threats on Cryptocurrency In an unexpected turn of events, a tariff threat from ex-president Donald Trump sent crypto prices plummeting early this week. Notably, the fall in crypto prices was not discriminatory, even affecting his meme coin. The sharp downturn, fuelled by the tariff threat, has been one of the…
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Silver Price Today Sees Notable Increase – Insights from FXStreet
On Wednesday 29th January 2025, the silver market saw an appreciable rise as investors turned their focus towards the precious metal. This surge in Silver price is attributed to various macroeconomic factors and global market trends. More detailed analysis, discussion, and forecasts can be found below. Continue reading for more insights. The silver market is…
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Gold Price’s Struggle with Rising ISM Manufacturing PMI – A Market Update
The ongoing struggle of gold prices becomes more prominent as the ISM Manufacturing PMI edges upwards to 49.3. Traditionally, gold shares an inverse relationship with strong economic indicators such as the PMI. A higher PMI often suggests manufacturing strength, which improves investor confidence in the economy and reduces apprehension – often leading to diminished demand…
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Pan American Silver Advances as Scotiabank Raises Price Target to $28
In a strong new endorsement for the precious metals market, Pan American Silver’s share target has been substantially increased by ScotiaBank. In a highly anticipated move announced on 21st November, Scotiabank upgraded its price target for Pan American Silver from $25 to $28, signaling positive expectations for future performance. nnThis upward revision offers an optimistic…
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Gold’s Decline Not Trump-Specific, Solar’s Silver Demand Boosts Projections – Heraeus
Goldâs dramatic decline is not Trump-specific The recent fall in the price of gold should not be attributed to the political climate surrounding former President Trump. Rather, it seems that other market forces are playing a more significant role in driving gold’s value down. Silver’s Bright Future In contrast, silver seems to become more and…