Bitcoin Is Money, But CBDCs Are Not. – Bitcoin Magazine

Bitcoin Is Money, But CBDCs Are Not.  – Bitcoin Magazine

This is an opinion editorial by Wes Craik, an independent Canadian writer and host of the FINterpreter YouTube channel. Central Bank Digital Currencies (CBDCs) will soon be operational in various countries and it’s important to note that they’re a form of money with intrinsic programmability. Rules can and will be set as to how these … Read more

Gold, silver boosted by falling USDX, US bond yields, rising oil

Gold, silver boosted by falling USDX, US bond yields, rising oil

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold and silver prices are higher, with silver sharply up and hitting a five-week high in midday US trading Monday. … Read more

Bitcoin Is Money, But CBDCs Are Not. – Bitcoin Magazine

Bitcoin Is Money, But CBDCs Are Not.  – Bitcoin Magazine

This is an opinion editorial by Wes Craik, an independent Canadian writer and host of the FINterpreter YouTube channel. Central Bank Digital Currencies (CBDCs) will soon be operational in various countries and it’s important to note that they’re a form of money with intrinsic programmability. Rules can and will be set as to how these … Read more

Risk of significant reversal in gold price rally as inflation report looms, says TD Securities

Risk of significant reversal in gold price rally as inflation report looms, says TD Securities

(Kitco News) The strong employment report proved that the US economy is still expanding despite two consecutive negative quarterly GDP releases. And for gold, this means that the price rally could be at risk, according to TD Securities. In reaction to the US economy adding 528,000 jobs in July, gold lost 1% on Friday. The … Read more

Gold price in rally mode on latest geopolitical tensions but Friday’s jobs report could disrupt momentum – analysts

Gold price in rally mode on latest geopolitical tensions but Friday’s jobs report could disrupt momentum – analysts

(Kitco News) Gold breached the coveted $1,800 an ounce level Thursday on increased geopolitical tensions between the US and China. But the upcoming Friday’s employment report could disrupt momentum, according to analysts. December gold futures rose $33 on Thursday, touching a daily high of $1,812. At the time of writing, prices were at $1,808.20 an … Read more

Gold price takes a step back after Fed speech

Gold price takes a step back after Fed speech

(Kitco News) The gold market’s price action is taking a breather following hawkish commentary from the Federal Reserve speakers, with prices pulling further away from the $1,800 an ounce target. The gold price jumped to a daily high of $1,805 an ounce Tuesday morning, led by increased geopolitical tensions as House Speaker Nancy Pelosi landed … Read more

Why did the gold price outlook just change? All eyes on next week’s employment report

Why did the gold price outlook just change?  All eyes on next week’s employment report

(Kitco News) Gold rallied in response to the repricing of Federal Reserve rate hike expectations after the July FOMC meeting, but gold is not out of the woods just yet, with analysts not ruling out a drop back to $1,700. After raising rates by 75 basis points on Wednesday, Fed Chair Jerome Powell said another … Read more

Fed’s upcoming rate decision is the moment gold price is waiting for – analysts

Fed’s upcoming rate decision is the moment gold price is waiting for – analysts

(Kitco News) After a major selloff, gold has been consolidating at the $1,700 an ounce level. And the upcoming Federal Reserve’s interest rate decision could be what gives the precious metal its new direction, according to analysts. Gold kicked off the second half of the year on a disappointing note, dropping nearly 6% in July … Read more