Gold or Platinum? Gold is an ancient metal and has been involved in human life for more than 5000 years. The first discovery of gold is in the form of albeit present in small quantities. Unlike most precious metal gold is present in its pure form in nature and do not need refinement. On the…
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Category: Gold
Gold is on a recovery path as prices see double-digit gains
The gold market is seeing a consistent hike in its stock prices with a sharp increase of USD 24.60 on 2nd June. This trend is partly due to the constant decrease in the US dollar index as fears of recession loom over the stock market. At the start of this week, the gold price…
BlackRock CEO Larry Fink Issues Grave Warning
There is a clip circulating of Larry Fink (CEO of BlackRock) giving his opinions on current Federal Reserve (FED) monetary policy and how he feels this is going to impact the economy moving forward. Some readers may already know who Larry Fink is and what BlackRock does, but for those that don’t: BlackRock is…
GDP disappoints, but Bank of Canada unlikely to alter rate path
About GDP disappoints, but Bank of Canada unlikely to alter rate path The Bank of Canada has been increasing the interest rates, which became worrisome at the start of the current year when the economic growth rate decreased. However, since the demand has started increasing once again, the increase in interest rates is likely to…
Hedge funds turn bullish on gold but remain heavily bearish on silver
Hedge funds turn bullish on gold but remain heavily bearish on silver Hedge fund investors in the gold market have started earning profits from their short positions as gold prices start to recover after a decline. This happened because the US dollar prices have started to decline after staying strong for 20 years. Another…