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The Ups and Downs of the Greenback Pendulum The Greenback pendulum swings again. Against all the other majors and commodity pairs, the US Dollar index surged at a meteoric pace, and in August 2022, it looked like there was no end in sight to the rise of the USD. But then things turned around, and after a rough three months, from late 2022 until mid-January this year, the Greenback looked to be reversing much of the historically high levels achieved during 2022. What happened? What’s Changed? In late 2022, inflation showed signs of easing due to the most aggressive interest…
Amazon signage during the 2024 CES event in Las Vegas, Nevada, on Jan. 10, 2024.Bridget Bennett | Bloomberg | Getty ImagesCheck out the companies making headlines in extended trading:Amazon — The e-commerce giant fell 2% after issuing weaker-than-expected guidance for the current quarter. Amazon said it forecasts sales in the first quarter between $151 billion and $155.5 billion. Analysts surveyed by LSEG were looking for $158.5 billion. Meanwhile, the company’s fourth-quarter earnings and revenue were above consensus expectations. Take-Two Interactive Software — The video game company jumped nearly 7% despite posting fiscal third-quarter revenue of $1.37 billion. Analysts polled by LSEG…
Precious metals come in varying forms for diverse investment goals and risk profiles, each carrying unique features. The three main forms that have captured the attention of traders globally are bullion bars, coins, and fractionals. We’re going to explore the benefits and disadvantages of each of these three bullions forms. Bullion Bars versus Bullion Coins versus Bullion Fractionals Bullion bars, coins, and fractionals are all forms of investable precious metals. Bullion bars are standardized blocks of metal, typically of high purity, such as gold or silver. These are available in various weights, often as large as 1 kg or even…
Real Gold or Fake Gold? Here’s Why It Matters With gold prices hitting record highs, more people are buying, selling, and gifting gold than ever before. But one question keeps coming up: How can you tell if something is real gold? It’s a valid concern. The market is flooded with gold-plated jewelry, under-karat items, and counterfeit coins—many of them convincing enough to fool casual buyers. Online forums like Reddit are filled with stories of people who thought they had purchased pure gold, only to discover they’d been scammed. source: Reddit Fake gold isn’t always obvious. Some pieces come sealed in…
Gold prices fell in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 28,523.62 Pakistani Rupees (PKR) per gram, down compared with the PKR 28,805.12 it cost on Wednesday. The price for Gold decreased to PKR 332,693.90 per tola from PKR 335,977.20 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 28,523.62 10 Grams 285,236.20 Tola 332,693.90 Troy Ounce 887,184.50 Daily Digest Market Movers: Gold price continues to be weighed down by trade optimism and reduced bets for aggressive Fed rate cuts The US and China agreed to slash…
“I don’t mind paying for all or part of the bill. We can afford that and, honestly, it’s nice to get double or triple credit-card points for eating out.”
Key takeaways: Industry figures show ongoing silver supply deficit Analysts see scope for higher prices in 2025 Silver has bright long-term future as energy transition picks up Silver prices put in a stellar performance in 2024, reaching 12-year highs of over $34.50 an ounce in October, compared with just below $24.00 an ounce at the end of 2023 – a 44% gain at their peak. Even a significant pull-back to $29.00 an ounce in late December 2024 has left the precious metal up 21% from its price a year ago. Looking ahead, 2025 is positioned as a pivotal year for…
With this reference in hand, ABC can now scientifically validate the declared origin of every incoming gold batch. If a discrepancy arises – for instance, if gold is misrepresented or mixed from an unapproved source – the forensic analysis will flag it. This level of assurance goes well beyond a paper trail, effectively safeguarding against supply chain fraud or accidental mislabeling. Notably, Source Certain’s origin verification technology is proven across industries. For nearly 20 years, it has been applied in sectors like agriculture, seafood, and mining to authenticate product provenance. Bringing this forensic science into gold refining is a natural…
Stagflation Returns to the Spotlight as Trump’s Tariffs Raise Economic Alarm Stagflation Fears Resurface Amid Trump Tariffs and Fed Uncertainty Stagflation was once considered a relic of 1970s economic history, an unusual combination of rising inflation and stagnant growth that followed an oil shock. But fast forward to today, and the term has found renewed relevance. As Trump’s tariffs raise the specter of higher prices and slower growth, investors and economists are once again using the word stagflation to describe potential economic conditions in the United States. While not yet the consensus view, the rising risk of stagflation has…
U.S. President Donald Trump meets with Japan’s Prime Minister Shigeru Ishiba (not pictured) at the White House in Washington, U.S., Feb. 7, 2025. Kent Nishimura | ReutersPresident Donald Trump ordered a halt to the production of new pennies, which he said will help reduce “wasteful” government spending.”For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump said in a Truth Social post. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if…