The Fed is now discussing raising interest rates as early as 2023, revising their previous stance to keep rates around 0 until 2024. From the meeting yesterday, it appears that there might be two possible hikes in 2023. Consequently, the gold price, spot price of silver, and other precious metals […]
On Tuesday this week, the gold price tested $1,900 and broke past it for the first time since January. At this time last year, the gold price was around $1,737 per oz and it pushed to an all-time high of $2,048 in August. Amid all the talk of Bitcoin and […]
Back in February, Switzerland exported gold to mainland China for the first time since September. Shipments also flowed into India and Thailand, which hit multi-year highs. This resurgence in demand seems to suggest that Asian gold demand is on the rise. Perhaps these markets are on the mend from the […]
We have long grown accustomed to seeing gold at levels above $1,700 for the past year. As soon as COVID hit, the gold spot price fell to just under $1,500 per oz. However, it hit an all-time high in August, and then steadily declined until February and March of this […]
Gold Spot Price vs Bitcoin Price Last week, the gold spot price paled in comparison to the price of Bitcoin. The main factor that contributed to Bitcoin’s historic rise was that investors no longer trust political leaders with their monetary and fiscal policies. Owing to the US government’s continuous printing […]
