(Kitco News) – After posting dramatic declines late last week and through the weekend, the cryptocurrency market continued its downward trajectory on Monday. Bitcoin (BTC) did manage to hold key support around $62k over the weekend, but after bulls managed to push King Crypto close to $67k by 6 am EDT, they ran out of
April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on new life as a vehicle for investment. Standing out as one of the few bets
(Kitco News) – The gold market is not paying attention to U.S. inflation or U.S. interest rates as investors aren’t worried about opportunity costs in a world with unprecedented geopolitical and economic uncertainty, according to one market strategist. Thursday, in an interview with Kitco News, Kristina Hooper, chief investment strategist at Invesco, said that despite
Gold has a rich history as a prized asset for investors, particularly during periods of economic instability. Currently, the price of 22-karat gold in India is ₹6,565 per gram, while 24-karat gold, also known as 999 gold, is priced at ₹7,162 per gram. Here’s why gold is considered a prudent investment: Protection against inflation: As
On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and the Fed minutes for clues about
(Kitco News) – Monday saw the return of bull market momentum for cryptos as Bitcoin (BTC) climbed back above $70,000 while several dozen altcoins recorded double-digit gains, exciting crypto traders and reigniting FOMO for underexposed investors. It was the opposite story for stocks, which fell under pressure at the market open to start the
Steppe Gold (TSE:STGO) has had a great run on the share market with its stock up by a significant 12% over the last month. Given the company’s impressive performance, we decided to study its financial indicators more closely as a company’s financial health over the long-term usually dictates market outcomes. Particularly, we will be paying
Stock market investors on Wall Street in the week ahead will keenly watch for inflation data among the other economic reports. The upcoming economic reports can provide investors clues on the US Federal Reserve’s rate cut plans later in the year. Last week, investors’ hopes were bolstered about interest rates cut after Federal Reserve chair
The cryptocurrency bull market was firing on all cylinders in trading on Tuesday as Bitcoin (BTC) surged above $57,000 for the first time in more than two years, a disheartening move for traders who had been hoping for a significant pullback as an opportunity to allocate fund into the top crypto. While the rally
Digital assets entered a new era of legitimacy with the launch of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., and as the flow data for the ETFs show, there is a healthy level of demand for access to BTC once the technical know-how to deal with crypto is eliminated as a