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Author: Crypto Breaking News

Golds Price Surge to Nearly $2,200 Overshadowed by Bitcoins Speculative Mania, Peter Schiff Claims

In a manner similar to bitcoin and the overall crypto market, gold’s value has climbed, nearly touching $2,200 per ounce this week. This uptick is widely attributed to demand from central banks, with surveys indicating both Wall Street and Main Street anticipate higher prices in the upcoming week. At the same time, gold enthusiast Peter [...]

The post Golds Price Surge to Nearly $2,200 Overshadowed by Bitcoins Speculative Mania, Peter Schiff Claims appeared first on Crypto Breaking News.

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Precious Metal Peaks Gold Surpasses $2,140, Marking Historic Price High

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Mar 06, 2024 05:50

Precious Metal Peaks Gold Surpasses $2,140, Marking Historic Price High

As bitcoin climbed beyond its previous 2021 peak, the value of an ounce of pure gold similarly hit a lifetime high on March 5. The globally acknowledged safe haven asset soared to $2,140 per ounce on Tuesday, marking a 4.97% increase against the U.S. dollar over the preceding week. Price of Gold Climbs to Unprecedented [...]

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Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Jun 14, 2023 10:30

Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year

In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is still “sound and resilient,” and the committee continues to closely monitor inflation risks. Federal Reserve [...]

The post Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year appeared first on Crypto Breaking News.

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US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Aug 10, 2023 10:30

US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions

The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This monthly surge aligns with June’s 0.2% escalation, where food costs [...]

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