The move shows that China has not abandoned its strategy to diversify reserves amid rising tensions with the U.S. Trump’s victory in presidential elections may have played a significant role in China’s decision making. The active U.S. sanctions policy has served as the key catalyst for gold markets as central banks have started to diversify … Read more
The discovery of the body of a 26-year-old former Open AI researcher-turned-whistleblower in a San Francisco apartment has sent shockwaves with many including the likes of Elon Musk reacting to the news. Suchir Balaji, an Indian-American former Open AI researcher, was found dead at his San Francisco based apartment on November 26. His identity was … Read more
Chair Jerome Powell’s post-meeting remarks and the updated economic projections will be critical. If the Fed signals only a modest number of rate cuts in 2025, gold’s appeal could face headwinds due to the higher opportunity cost of holding the non-yielding asset. Conversely, indications of a dovish stance, with multiple cuts forecasted, could reignite bullish … Read more
The NFT market has experienced a significant boost in sales over the past 7 days with the total trading volume surpassing $224 million. The spike in NFT sales has come as leading crypto assets display mixed trends with BTC reclaiming the $100,000 mark but ETH facing pullback from its $4,000 peak. CrtyptoSlam data shows that … Read more
US Dollar Index climbs 1.1% this week as Fed signals slower rate cuts. Gold dips 0.4%, while euro and yen struggle against rising dollar strength.
MicroStrategy (MSTR), the world’s largest corporate Bitcoin holder, is set to join the Nasdaq-100 Index, marking a historic milestone. This inclusion, effective December 23, positions MicroStrategy as the first Bitcoin-centric company to join one of the most prestigious stock indexes, which features giants like Apple, Microsoft, Tesla, and Amazon. According to the Nasdaq press release, … Read more
The gold market rallied significantly during the course of the week, and then only fell apart at this point in time. The market ended up forming a bit of a shotting star, and this suggests that we are in the midst of a noisy area that suggests we need to
A dormant PEPE whale holding 2.1 trillion tokens has made headlines after transferring their entire stash, valued at an astonishing $52 million, to a new address on December 10. As Lookonchain reported, this incredible fortune began with a mere investment of 0.0135 ETH (around $27) nearly 600 days ago, resulting in an extraordinary 1,900,000x return … Read more
Gold markets continue to pull back after the recent rally.
