Tag: Business & Finance
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Gold’s Stalled Rally and Silver’s Vulnerable Position: The Future of Precious Metals
The bullish momentum in the gold market has come to a halt as silver prices hit an unforeseen obstacle. This sudden trend reversal has many investors wondering about the future of these cherished metals. Recent monetary and geopolitical factors have combined to create an optimistic outlook for gold prices, which have been rallying in a…
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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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Bitcoin Retreats To $93K Amid ETF Outflows – Investor’s Business Daily
In a surprising turn of events, the world’s most popular cryptocurrency, Bitcoin, has experienced a dip in its prices, falling down to $93,000. The drop is linked to the outflow experienced by Exchange-Traded Funds (ETFs) that majorly invest in cryptocurrencies. ETFs have been recently pulling their investments from Bitcoin, causing a ripple effect in its…
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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…