Category Archives: Business
February 6, 2025
Gold Prices Surge to Historic Highs: Could They Hit $3,000 Soon?
Gold has reached a record high of $2,877 per ounce, with projections indicating a potential surge beyond $3,000 in early 2025. However, financial experts caution that after this peak, the market may face downside risks, according to Arnold van Graan, head of market research at Nedbank CIB. Geopolitical Instability Fuels Gold’s Rise Several key factors […]
February 5, 2025
US SEC Scales Back Crypto Enforcement as Trump Pushes for Regulatory Rollback
The U.S. Securities and Exchange Commission (SEC) is scaling back its crypto enforcement unit, a move that signals a shift in regulatory oversight under President Donald Trump’s pro-crypto administration. According to insiders, the SEC is reassigning over 50 lawyers and staff from its crypto enforcement division, reducing its focus on digital asset regulations. Trump Administration […]
February 5, 2025
Gold Prices Surge Amid US Dollar Volatility: Impact of US-China Trade War
Trump’s Tariff Reversal Boosts Markets While Trade War Escalates The gold market (XAU/USD) is witnessing a significant surge as the U.S. dollar experiences high volatility due to ongoing trade tensions. President Donald Trump’s reversal of tariffs on Canadian and Mexican imports provided a boost to the S&P 500, signaling a temporary de-escalation in North American […]
February 4, 2025
Strong Buying in Ethereum: Is Now the Right Time to Invest in ETH?
The cryptocurrency market has witnessed substantial price volatility, leading to billions of dollars in liquidations. Amidst this turbulence, Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is attracting significant interest from crypto whales. Ethereum (ETH) Accumulation Soars Amid Market Fluctuations Over the past 24 hours, ETH has seen a surge in accumulation, signaling strong […]
February 4, 2025
Can Gold Sustain Its Bullish Run Despite a Strong U.S. Dollar?
Gold Prices Rally as Trump’s Tariffs Drive Safe-Haven Demand Gold prices rebounded strongly on Monday after an early decline, with investors flocking to the safe-haven asset following U.S. President Donald Trump’s aggressive tariffs on Mexico, Canada, and China. The unexpected tariff announcement initially led to a dip in gold, but renewed demand quickly pushed prices […]
February 3, 2025
Ripple Locks 700 Million XRP in Escrow – How This Impacts XRP Prices
Amid prevailing bearish market conditions, Ripple Labs has drawn significant attention by securing 700 million XRP tokens in escrow, a move aimed at stabilizing market sentiment and potentially influencing XRP price trends. Ripple Moves 700 Million XRP Into Escrow On February 2, blockchain transaction tracker Whale Alert reported on X (formerly Twitter) that Ripple Labs […]
February 3, 2025
Gold Price Forecast: XAU/USD Declines Below $2,800 Amid Trump’s New Tariffs
Gold price (XAU/USD) slips to approximately $2,795 in early Asian trading on Monday, pressured by a stronger US Dollar (USD) following fresh tariff announcements from US President Donald Trump. Trump’s Tariffs Impacting Gold Prices On Saturday, the United States confirmed a 25% tariff on Canadian and Mexican imports, while China faces a 10% tariff. Additionally, […]
February 2, 2025
Grayscale Introduces Dogecoin Trust and Seeks ETF Approval
Grayscale, the world’s leading crypto asset management firm, has unveiled a new investment product designed to give investors exposure to Dogecoin (DOGE), the pioneering and most valuable meme cryptocurrency. With Dogecoin’s market capitalization soaring to $47.9 billion, the firm asserts that the digital asset has evolved far beyond its meme origins. Shortly after launching the […]