SINGAPORE: A former sales agent of gold trading company Genneva has been sentenced to nine months’ jail on Thursday (Mar 13) after she cheated a pawnshop to redeem gold that came about from a multi-million dollar investment scam. Zhang Jinxia, 58, was convicted on Mar 6 after a trial, of one count of cheating and another under
Gold prices reached record highs on Tuesday as investors continue to flock to the precious metal ahead of the Federal Reserve’s expected rate cut in September. Spot gold surged above $2,525 per ounce on Tuesday while gold futures (GC=F) for December delivery climbed above $2,560 per ounce. Gold purchases by central banks, which hit a
NEW YORK, Aug 15 (Reuters) – The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level in over a year this week, as signs of cooling inflation have held down the Treasury bond yields used in setting home loan costs. The 30-year fixed-rate mortgage averaged 6.49% during the
Three famed “Big Short” investors say gold remains a top long-term bet. Danny Moses, Porter Collins, and Vincent Daniel went on CNBC to explain why they’re bullish. They cite rising debt levels, which they say could result in a “huge debasement” of the dollar. Thanks for signing up! Access your favorite topics in a personalized
* Technical posture for gold remains bullish – analyst Get Quick Cash in Minutes! Best Personal Loan at Lowest Interest Rates Instant Apply * India slashes import tax on gold, silver * Focus on US PCE data on Friday By Rahul Paswan July 23 – Gold prices edged up on Tuesday and were set to
If former President Donald Trump wins reelection, he will have power to set policies that affect the values of crypto, oil, and venture capital. His vice presidential pick, J.D. Vance, has financial interests in all three. In 39-year-old Vance, Trump picked a young populist with connections to Silicon Valley rather than a traditional big-business conservative.
A closely followed crypto analyst says that Bitcoin (BTC) is going to have a great second half of the year. In a new strategy session, crypto trader Michaël van de Poppe tells his 722,400 followers on the social media platform X that the crypto king should finish 2024 with strength as inflows from exchange-traded funds
Investment trends in Israel have evolved significantly in recent years. Traditionally, Israelis have focused on real estate, both domestically and internationally, and stock markets. However, the expansion of available investment funds in Israel has led individuals to explore a broader range of investment opportunities. The rise in interest rates has simplified the process of
(Kitco News) – The U.S. labor market has defied all expectations in 2024, but sentiment has started to shift as five months of consecutive outperformance come to an end. Heading into the weekend, markets continue to digest the disappointing nonfarm payrolls numbers. The U.S. economy created 175,000 jobs last month, according to the Bureau of
The precious metals company Orla Mining Ltd. (TSX: OLA) significantly expanded its Nevada territory this week by closing its acquisition of Contact Gold and its 4,500-hectare Pony Creek property. The site is right next to Orla’s South Railroad project in the state’s Carlin gold trend. The acquisition also came with the Green Springs property, located