Category Archives: Business
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 […]
February 2, 2025
Trading the Gold-Silver Ratio: A Strategic Approach for Investors
Investing in precious metals presents lucrative opportunities when approached strategically. Gold has long been regarded as a “natural hedge” against inflation and economic instability, while silver serves as both an industrial and precious metal. Since both metals often move in tandem, understanding the gold-silver ratio can help traders maximize their investment potential. What Is the […]
February 1, 2025
Bitcoin (BTC) Price Holds Above $100,000 as Bulls Target Next Breakout
Bitcoin (BTC) price continues to trade above the critical $100,000 level, demonstrating strong bullish momentum despite recent market fluctuations. As a golden cross forms on BTC’s Exponential Moving Averages (EMA), traders anticipate a potential breakout—provided BTC can surpass key resistance levels. Bitcoin Faces Resistance at $106,000 Although Bitcoin has held firm above $100,000 for three […]
February 1, 2025
What Was the Highest Price for Gold?
Gold has long been regarded as a reliable store of wealth, with its value often reaching record highs during times of economic uncertainty. Investors seeking safe-haven assets frequently turn to gold, driving up its price. Gold’s All-Time High Price and Market Trends The price of gold has experienced remarkable peaks, particularly in the 21st century, […]
January 31, 2025
Czech National Bank Eyes Bitcoin: A Game-Changer for Global Finance
The financial landscape is undergoing a transformative shift as central banks worldwide explore cryptocurrencies, with Bitcoin at the forefront. The Czech National Bank (CNB) is reportedly considering a strategic investment in Bitcoin, potentially allocating up to 5% of its $146 billion reserves. This move could signal a turning point for Bitcoin’s legitimacy in global monetary […]