Marc Faber, Author, The Gloom, Boom & Doom Report, says, everything is in a bubble. On Monday, they sold a t-shirt of the famous US baseball player Babe Ruth, for $24.1 million. It is grossly inflated. The most inflated are the FAANG stocks in the US, the so-called Magnificent Seven. The Magnificent Seven stocks have
Value of gold bar reaches $1M for 1st time A bar of gold is now worth $1 million. Fox – LA The price of gold hit an all-time high this week, driving the price of a standard gold bar up to $1 million for the first time ever. A typical gold bar as we think
Gold prices hovered near a record high on Thursday, fueled by anticipation of a potential interest rate cut by the Federal Reserve in September. This follows recent developments that have bolstered expectations of monetary easing. During the Federal Reserve’s July 30-31 meeting, several officials considered the possibility of cutting interest rates, though the central bank
Gold prices rose in United Arab Emirates on Friday, according to data compiled by FXStreet. The price for Gold stood at 293.90 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 293.42 it cost on Thursday. The price for Gold increased to AED 3,428.03 per tola from AED 3,422.43 per tola a
Bonds might have done well in the recent stock market sell-off but it’s another safe haven asset really gathering momentum this year. The gold price hit an all-time high this month, with specialists pointing to contributing factors such as falling interest rates, a weakening dollar and escalating geopolitical tensions. With many of these factors looking
Gold prices fell in Pakistan on Thursday, according to data compiled by FXStreet. The price for Gold stood at 22,446.97 Pakistani Rupees (PKR) per gram, down compared with the PKR 22,526.60 it cost on Wednesday. The price for Gold decreased to PKR 261,825.50 per tola from PKR 262,745.80 per tola a day earlier. Unit measure
Ex-Vitol Group oil trader Javier Aguilar faces as much as 40 years in prison and will forfeit more than $7.1 million in two U.S. bribery cases after entering a guilty plea in federal court. Aguilar, 50, had already been convicted in Brooklyn, New York, in February of orchestrating an elaborate scheme to bribe Mexican and
In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dived into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility for inflation to a guilty child refusing
Gold Gold we have a potential new leg higher in the longer term 20 year bull trend just starting. Yesterday we hit the first new target of 2525/28, but then collapsed to 2501. Despite this small short term correction we remain in a bull trend of course & holding above 2509/05 today allows a recovery
Gold price holds steady near $2,515 in Wednesday’s early Asian session. The softer USD and bets of Fed easing monetary policy support the Gold price. The Fed Chair Powell’s speech at the Jackson Hole symposium will take centre stage on Friday. Gold price (XAU/USD) trades flat around $2,515 during the early Asian session on Wednesday.