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There were increases in silver and gold of 6.5% and 10.2%, respectively. Demand for gold and silver as a safe-haven has increased since the current economic downturn that has impacted US and European banks. The price of the precious metal will increase significantly over the next few days, according to experts who are bullish…
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Is Gold Still Reliable as a Safe Haven Asset Amidst Market Turbulence?
Analysing whether gold retains its worth as a safe-haven asset is crucial given how unstable and unpredictable the financial markets remain. Investors are seeking a safe-haven assets to safeguard their wealth because of the present market turmoil. But is this really the case? Gold has historically been considered a trustworthy asset in difficult times….
A Week to Remember in Global Finance: Dollar Being Ditched
Throughout the past year, we have been covering the progressive de-dollarization that has been taking place around the world. Initially sparked by the weaponization of the dollar by the United States via sanctions after Russia invaded Ukraine, countries have quickly realized that to be at the mercy of the USD, is equivalent to financial slavery. …
Exploring Bullish Gold Bets and How to Profit from Market Turmoil
Even in times of crisis, such as market upheaval or a slowdown in the economy, gold prices climb. When markets are unstable, investors seek out gold as a safe-haven, which raises the price of gold. How are Bullish Gold Bets Surging Amid Market Turmoil? The wild gold rally shows that as the banking and…
Review of Gold Price Movements in the First Quarter of 2023
Overview of Gold Price Trends in Q1 of 2023 Gold prices have been on the rise in Q1 of 2023, with investors turning to the precious metal as a safe-haven asset. This trend has been driven by geopolitical tensions, economic uncertainty, and the ongoing pandemic. As 2023 begins, the price of gold has stabilized above…