Amidst a $750 billion banking crisis, could backing U.S. Treasury bonds with gold provide stability? A bold proposal suggests revaluing gold to $40,000/oz and returning to partial gold-backing system
China's gold consumption plunged 11% from January to September as surging prices dampened demand. With buyers holding back, the market faces challenges amid ongoing price volatility.
Saxo’s Ole Hansen suggests the run-up in precious metal prices is partially due to concerns that a single party winning in the U.S. election could bring increased government spending
BRICS Gold Rush: These emerging economies hold a staggering 20% of the world's gold. What does it mean for the global economy?
Bank of America warns that gold may be the last true safe haven as the U.S. national debt climbs to unprecedented levels, casting doubt on the stability of traditional assets like Treasury bonds.
Central bankers rarely discuss why they buy gold – but now they’re opening up. One leading central banker says gold “symbolizes the strength of the country.”
Gold hits record high at $2,696.62 amid global uncertainty. Geopolitical tensions, U.S. election, and Fed easing fuel surge. Investors flock to gold as safe haven.
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