Zimbabwe will soon introduce a gold-backed digital currency! All in favor of stabilizing the local unit from its continued depreciation against the dollar, Bloomberg reports, citing central bank governor John Mangudya. Tweet onRead More
Gold edged slightly higher, hovering above $2,000 an ounce! Senior traders are assessing the Federal Reserve’s interest-rate path following weaker-than-expected economic data from the US. Tweet on Gold Gold hovering above $2,000!! GoldRead More
Bitcoin is staging a staggering rally in recent days amid turmoil within the global banking system! its crypto enthusiast advocates are now turning to the coin’s next important milestone: $30,000. The largest digitalRead More
The banking crisis has created a chain crisis reaction in the market! Worries about a contagion risk from the collapse of Silicon Valley Bank and Signature Bank have sent investors piling into goldRead More
Treasury yields are up initially after Federal Reserve Chair Jerome Powell said in prepared remarks that the central bank! That literally means the interest rates will be higher than previously expected, and thatRead More
It’s looking more likely that we’ll see a recession sometime in the next year! That is according to a model created by the Federal Reserve Bank of New York. Tweet on Fed’s probabilityRead More
Consumer-price index rose 6.5% last month from a year earlier! Despite some recent easing of price pressures, inflation continues to run well above the Federal Reserve’s 2% target. Tweet on easing of inflationRead More
Gold prices climbed more than 1% to their highest levels in a week on Tuesday! In addition, other precious metals also rallied on the back of a sliding dollar, as markets remained focusedRead More
Turkey’s central bank cut its key interest rate for a fourth consecutive month on Thursday to single digits! The contrarian monetary policy demanded by President Erdogan despite the country’s high inflation rate. TweetRead More
The Federal Reserve approved last week its fourth consecutive rate increase of 0.75 percentage point! The October inflation report could keep Federal Reserve officials on track to approve a half-percentage-point interest-rate increase nextRead More
