It was 15:14 UTC on the 6th of January when the gold market suddenly faced turbulent seconds and the gold price declined for over 30 USD per ounce. The reason for the surprising market break was a huge and unlimited selling order by an unknown seller. As a result, the supply-side exceeded demand many times […]
Opportunities for investors rise as gold prices weaken
The price of gold tumbled sharply in November with some experts predicting that 2013 could mark the beginning of the end of the latest boom period for the precious metal. However, rather than being a worrying development, some investors are welcoming the news and using the low market prices as the opportunity to snap up […]
Customers to pay for gold with Bitcoins from next month
From next month, customers of coininvest.com will be able to pay for their gold and silver with Bitcoins. Based on digital tokens, Bitcoin is a decentralised digital currency that enables instant payment to anyone, anywhere in the world, outside of the traditional banking system. Daniel Marburger, director of Jewellers Trade Services which owns coininvest.com, said: […]
Making sense of all that is driving the financial markets is certainly not easy at the moment — FIU
The equity markets “Christmas” rally has been fuelled by the expectation of a deal to avert the US fiscal cliff and the imminent release of the next tranche of financial loans to Greece. Both of which to me seem little to cheer about. There should be a deal between the Republicans and the Democrats to […]
Gold Rate
Gold Rate in the 1970s The main factors that contributed to the positive evolution during the 1970s are: a difficult economy for many countries characterized by high unemployment rates, high inflations, and low growth. Other reasons are the political ones like the war in Vietnam and the invasion of Afghanistan by the Soviet Union. We […]