Category: Economy

In a dramatic turn of events breaking away from the anticipated trading patterns, Gold Price (XAU/USD) has raced to a near $2,650 mark. This spike in the precious metal’s price is largely attributed to investors weighing up former President Trump’s impact on the global economy. The overwhelming response from market participants highlights growing concerns over…

On this festive December morning of December 24, 2024, the world of commodities is glistening with a hue unseen before. The silver price steadily lingers around the resistance, forecasting a vital time in the global economy. As we navigate through these uncertain financial periods, the silver seems to symbolize resilience, avoiding any major fluctuations. The…

In a noteworthy economic turn, XAG/USD had seen a dip, pushing the silver value below the $31.00 mark. This phenomenon primarily owes to the US dollar’s robust strength which is influencing precious metal prices around the globe. This has turned the market sentiment bearish for silver. The greenback’s enduring force comes as a reaction to…

In a surprising market maneuver, gold prices have seen a downward trend since the re-election of President Trump. This divergence from the historical pattern of gold soaring high during times of political uncertainty can be chalked up to several factors. One primary reason could be Trump’s policies favoring industrial growth and business expansion, leading to…

The glitter of gold might shine even brighter in the near future, with a potential hike in its price. Industry expert Brien Lundin predicts a strong bull cycle that might propel the gold prices up to $8,000. This comes as the Federal Reserve grapples with the imminent crisis. Gold has always been a safe haven…

Despite the U.S. Federal Reserve’s recent rate cut, gold continues to hold steady. The easing of the dollar, coupled with this development in U.S. monetary policy, has not deterred the bright metal’s market performance. Investors often turn to gold as a safe haven during times of financial and economic uncertainty. As the Fed lowers rates…

Gold prices showed a significant slip post the jubilant festive rally. Despite a strong initial performance during the festive season, gold prices experienced a dip but global prices steadied themselves in this fluctuating market. Several factors contribute to this price dynamic, including global economic trends, market volatility, and consumer behavior. With the festive season concluded,…