The reasons behind the escalation of precious metal prices
Today, gold and silver coins stand as enduring symbols of value amidst the decline of fiat currencies.
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Latest Precious Metal News
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The price of silver surges due to optimistic long-term fundamentals.
Silver prices (XAG/USD) are on the rise, climbing by over one and a half percentage points into the $25.20s on Friday, primarily driven by technical buying and optimistic long-term fundamentals.Read now -
The lack of movement in silver prices indicates that the surge in gold is primarily propelled by sovereign interests, yet analysts anticipate a significant shift on the horizon.
Despite gold's sustained strength, silver has yet to emerge from its slump, a fact that has surprised many.Read now -
Midas Touch's Florian Grummes predicts an unequivocal breakout in gold, projecting its price to reach $2,535 by summer.
The gold market is currently in a consolidation phase following its record highs, but according to one market strategist, the precious metal is poised for further gains.Read now -
Gold's Price Outlook – Bullish Sentiment Remains for Gold
Gold has slightly retreated from its recent highs, but it seems inevitable that we'll witness a more substantial upward movement soon.Read now -
The economy has recently been struck by a combination of two pieces of unfavorable data.
The resilient American consumer has defied numerous predictions of recession from prominent economists and Wall Street CEOs, even in the face of the highest inflation rates in four decadesRead now -
BRICS: 10 Domestic Currencies Surpass the U.S. Dollar's Performance This Week
This week, the U.S. dollar continues to face downward pressure from macroeconomic factors.Read now -
The probability of a recession is "extremely elevated," according to the chief economist, as the economy appears set to experience a surge in unemployment and a significant downturn in consumer spending.
The likelihood of the economy sliding into a recession is "very significant," as the US braces for an uptick in unemployment and a notable decline in consumer spending.Read now -
NYCB continues its decline following the most recent series of credit downgrades.
New York Community Bancorp experienced a second consecutive day of decline following rating downgrades, posing a threat to the bank's borrowing costs. The company's shares dropped by 23%, reaching the lowest level since 1996, after a 26% plunge on the previous Friday.Read now
