Market News

Amid expectations of increased interest rate hikes by the U.S. Federal Reserve and its global counterparts, gold is poised for its first quarterly decline in three quarters. With inflation concerns persisting and gold's appeal waning due to the rising opportunity cost of holding it, the market sentiment is currently bearish.

Central banks buy gold at record rates amid rising US debt and dollar weaponization, signaling potential currency crisis. When will it hit and what's the impact?

Brazil and China Forge New Pact to Abandon US Dollar in Trade Mar. 31, 2023 In a significant move, Brazil and China, two prominent BRICS nations, have signed an agreement to trade using their c...

The Federal Reserve has raised its benchmark interest rate by a quarter percentage point, taking it to a target range of 4.5% to 4.75%.

It is uncertain if the petrodollar is on its way out, but it is sure coming under threat. The petrodollar system refers to the practice of pricing and trading oil in US dollars. This system has b...

Nigeria's Bitcoin Market Surges as Central Bank Drives Cashless Transition Jan. 31, 2023 The price of Bitcoin in Nigeria has skyrocketed above global market prices, driven by the Central Bank o...

Americans paid more money in September than expected, according to the Bureau of Labor Statistics. The consumer price index (CPI) rose 0.4% month-to-month (MoM), which was slightly higher than t...

The question many investors are asking is, why haven't gold and silver rallied this year while inflation runs excessively hot? There are several possible reasons, a few of which are explored below....