International spot gold and silver were "parabolized at high altitude" on Tuesday, falling to the highest level in nearly a decade. Analysts said that the position squaring has been completed, because this trend is very similar to the top characteristics of 2011?
On May 2, the market went viral that Trump would force the exchange rate of the New Taiwan dollar to appreciate to 13.3 (currently 31.21) against the US dollar. Taiwan's financial regulator urgently clarified on May 1, emphasizing that the US Treasury did not ask the New Taiwan dollar to appreciate. On May 2, the New Taiwan dollar surged more than 8 cents to a high of more than 16 months, reaching a maximum of 31.145, an increase of more than 2.72% in the day, the largest increase in more than a...
According to market data, the US 10-year Treasury yield rose to 4.207%, an increase of 1.25% during the day.
The gold decade K line is soaring into the sky, and the global "gold bull market" is accurately bet on the "short" by India, owing 13 billion US dollars of "gold debt"! Click to view...
Israeli tanks moved into the West Bank on Sunday for the first time in decades. The Palestinian Authority called the move a "dangerous escalation". Click to view...
On January 15, China International Gold Research reported that in a neutral scenario, due to the huge amount of gold reserves that Asian central banks need to replenish, and the more complicated global situation after Trump takes office, the credibility of the US dollar system will decline. We expect the central bank's gold purchase rate to remain at least as it is, that is, at around 1,000 tons/year. For US debt, we use the forecast of the US Federal Budget Committee (CRFB) benchmark scenario, ...
The dollar headed for its best annual performance in nearly a decade as a stronger US economy damped expectations of a Federal Reserve rate-cutting cycle and President-elect Donald Trump's threat of tough tariffs supported bullish bets on the greenback. The Bloomberg dollar index is up more than 7 per cent so far this year, its best performance since 2015. All developed world currencies weakened against the dollar as other central banks had to step in to support their economies.
Bernstein expects bitcoin to replace gold within the next decade, and earlier Powell also called bitcoin a competitor to gold.
Brokerage firm Bernstein has predicted that within the next decade, bitcoin will replace gold as the main "store of value" and become an integral part of institutional and corporate finance. The prediction was made in a report by analyst Gautam Chhugani after the price of bitcoin climbed to $100,000 and achieved a 141% annual gain. This...
U.K. Finance Minister Rachel Reeves on Wednesday announced her party's first U.K. budget in more than a decade. According to Suzanne Morsfield, policy advisor at trade association CryptoUK, she said the prospect of Reeves raising capital gains tax above 28 percent would hit around 5 million U.K. cryptocurrency holders particularly hard. Capital gains tax refers to gains made from investments in assets such as stocks or real estate, and it affects very few people in the UK. However, Morsfie...