Category Archives: Finance
February 12, 2025
Gold Prices Stall After Record High Ahead of Key US Inflation Data
Gold’s historic rally took a brief pause on Wednesday as prices slightly retreated following an all-time high in the previous session. Investors are now closely watching upcoming U.S. inflation data and Federal Reserve policies that could influence market trends. Gold Prices Slip Amid Fed’s Cautious Approach Spot gold dipped by 0.1% to $2,895.38 per ounce […]
February 11, 2025
Ethereum Short Positions Hit Record High – Is a Short Squeeze Imminent?
Ethereum Price Stagnation Sparks Surge in Short Positions Ethereum (ETH) has been trading in a tight range between $2,600 and $2,700, with no clear breakout in sight. However, despite this price consolidation, the Ethereum derivatives market has seen a dramatic rise in short positions, signaling increased bearish sentiment. According to Kobeissi’s Letter, short positions on […]
February 11, 2025
Investment Demand Absorbing 95% of Newly Mined Gold
Surging Investment Demand in the Gold Market The global gold market is experiencing a significant shift as investment demand now accounts for 95% of newly mined gold. With increasing economic uncertainties, inflation concerns, and geopolitical tensions, investors are turning to gold as a safe-haven asset, driving demand to unprecedented levels. This trend is reshaping the […]
February 10, 2025
Expert Predicts Minimum XRP Price Based on Bitcoin’s Current Value
XRP Price Projection: Should XRP Be Worth $21.75 Today? Amonyx (@amonbuy), a well-known figure in the XRP community, recently ignited discussions by claiming that “the minimum price XRP should be right now is $21.75.” This assertion is based on XRP’s peak BTC-based valuation from May 17, 2017, when it reached 0.00022465 BTC per XRP. Given […]
February 10, 2025
Thousands of Gold Bars Seized from Bank of England Amid Market Disruptions
Gold Market Turmoil as Bank of England Faces Withdrawal Surge The Bank of England has faced an overwhelming surge in gold withdrawal requests after futures prices in New York soared beyond the cash price in London, according to reports from The Telegraph. Dave Ramsden, deputy governor of the Bank, revealed that the wait time for […]
February 9, 2025
3 Reasons Why Ethereum Price May Skyrocket Soon
Ethereum has faced two consecutive weeks of decline as concerns over weak demand and a shrinking market share persist. However, several bullish catalysts could drive its price parabolic in the near future. Ethereum’s Recent Performance Ethereum (ETH) recently dipped to $2,140 before rebounding to $2,620 as the broader cryptocurrency market stabilized. Despite this recovery, ETH […]
February 9, 2025
Surging U.S. Inflation Expectations Drive Gold Prices Higher
Gold Surges Amid Rising U.S. Inflation Concerns Since President Trump introduced his economic policies, financial markets have experienced heightened volatility, creating uncertainty for investors. However, for precious metals enthusiasts, this instability has fueled strong gains. Over the past month, gold prices have surged by nearly $200, while silver has risen 10%, or $3 per ounce. […]
February 8, 2025
Apple Ordered by UK Government to Provide Access to Encrypted Data – Reports
The UK government has reportedly issued a directive to Apple, requiring the company to allow access to encrypted data stored by users worldwide through its cloud service. The government has neither confirmed nor denied the existence of this order, raising concerns over data privacy and cybersecurity. UK Government’s Encryption Demand Currently, only Apple account holders […]