Browsing: Gold (XAU) News

Rare Pokémon cards continue to outperform traditional assets. The CardTrack 100 index has returned 150.7% since September 2021, beating Bitcoin, gold, and the S&P 500 by wide margins. The numbers reveal why collectors now treat rare graded cards like serious alternative investments rather than toys. Pokémon Card Values Keep Breaking Records The CardTrack 100 is…

Veteran trader Peter Brandt has warned that gold price could face a sharp decline after spotting a bearish pattern on its weekly chart. The pattern, known as head-and-shoulders, often appears when an asset’s strong rally begins to lose momentum. It forms three peaks, with the middle one being the highest. Gold Price Chart Points to…

Gold and silver shed $400 billion in paper value as Treasury yields hit 2002 highs. See how the number is calculated. The post Gold and Silver Shed $400 Billion in Minutes. Here’s What Really Happened appeared first on BeInCrypto.

China’s central bank added 740,000 ounces of gold to its reserves in September, its largest monthly purchase since October 2023. The buying came as gold fell over 6%. The People’s Bank of China (PBOC) lifted its holdings to 77.47 million fine troy ounces from 76.73 million in August. September also marked its 23rd straight month…

Gold’s price swings are now affecting corporate dealmaking, with Perseus Mining’s chief executive saying companies struggle to agree on valuations.  Craig Jones said mergers and acquisitions (M&A) activity remains high, but not many deals are reaching completion. Gold’s Takeover Wave Hits a Valuation Wall Reuters noted that elevated bullion prices have driven a string of…

Oil prices slipped on Monday after the Group of Seven (G7) agreed to release 100 million barrels from emergency reserves. Rising crude exports from the Middle East added to the supply relief. Brent crude traded at $101.69, down 0.55%, while West Texas Intermediate (WTI) fell 1.04% to $90.16, Trading Economics data showed. Follow us on…

Rich Dad Poor Dad author Robert Kiyosaki said that he calls himself a “financial prepper”, comparing scarce assets to the insurance drivers buy before an accident. His argument holds even as gold, silver, and Bitcoin trade well below the targets he has repeatedly promoted. What Being a “Financial Prepper” Means A financial prepper holds assets…

The ARK Invest CEO says the US dollar is much stronger than investors think and could appreciate significantly over the next few years. Why is it important for investors? A stronger dollar could pressure gold, reshape bond positioning, and test Bitcoin’s recent ability to rise rapidly. Wood Says Investors Are Watching the Wrong Dollar Chart…

The US jobs report showed only 29,000 new jobs in September, sending Bitcoin and gold higher and burning short sellers. The post US Adds Just 29,000 Jobs in September: Why Are Bitcoin and Gold Jumping? appeared first on BeInCrypto.

Morgan Stanley still favors gold on a 12-month view, even after the metal slid toward a seven-week low this week. Amy Gower, its head of metals and mining strategy, named 3 factors that could support prices. Spot gold held near $4,176 on Thursday after a sharp sell-off on Monday. The metal is now down about…