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Blog
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Gold price keeps moving around $2,300
Gold prices have been oscillating around the $2,300 mark, seemingly ensnared in a stalemate that may entice some investors to liquidate, potentially suppressing prices in the short term. This current state of affairs is primarily a result of investors eagerly anticipating more definitive signals from the Federal Reserve, as the likelihood of a rate cut
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Gold price rebounds on downbeat NFP data, eyes on Fedspeak.
Gold prices rebounded during the European session on Monday, breaking a two-day losing streak. This was in response to the market’s digestion of the U.S. employment data, which was weaker than expected. The U.S. Nonfarm Payrolls (NFP) report, a significant economic indicator, has increased the likelihood of a September rate cut by the U.S. Federal
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Silver Producing Countries
- May 4, 2024
- Posted by: Agbaje Feyisayo
- Category: Silver
Silver has been an essential metal throughout history, playing a critical role in various industries, from electronics to healthcare, and even as a store of value. Silver production remains vital for investment, industry, and technological advancements as the global economy continues to evolve. This article will provide the following: An in-depth analysis of the top
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Confiscation of Gold
The global economic landscape is fraught with uncertainties, making it crucial for investors to diversify their portfolios with assets that can preserve their wealth. Gold bars and coins, a traditional safe-haven asset, has long been a popular choice for investors looking to hedge against inflation and financial instability. However, the specter of government confiscation looms
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5 Tips for First-Time Gold Buyers
The allure of gold bars and coins has captivated people for centuries. It has been used as a means of wealth, investment, and a hedge against inflation. Gold’s versatility and reliability make it a popular choice among investors, especially during uncertain economic times. However, the process may seem daunting for those new to gold investing.
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How Much Gold Does the Average American Own?
- May 1, 2024
- Posted by: Agbaje Feyisayo
- Category: Uncategorized
Gold has been a symbol of wealth and a significant currency throughout history. It remains essential in today’s economy, particularly as a hedge against inflation and a safe-haven asset in turbulent times. This article delves into the specifics of gold ownership in America, aiming to shed light on the average American’s relationship with this precious
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What Years of Pennies Are Worth Money?
- April 30, 2024
- Posted by: Agbaje Feyisayo
- Category: pennies
While most pennies are worth just one cent, certain years can dramatically increase their value. Penny collectors, also known as numismatists, value pennies based on their minting year, rarity, condition, and production errors. Some notable years for valuable pennies include: 1943:Â During World War II, copper was crucial for the war effort, leading the U.S.
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Gold trades below $2,350 on hotter-than-expected US inflation data
- April 29, 2024
- Posted by: Agbaje Feyisayo
- Category: Uncategorized
On Monday, during the early Asian session, the gold price (XAU/USD) softened, trading around $2,335. This slight dip comes in the wake of recent U.S. economic data revealing persistent inflationary pressures, which has fueled market skepticism regarding the likelihood of imminent rate cuts by the U.S. Federal Reserve (Fed). With the Fed’s interest rate decision
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Does Gold Rust?
- April 28, 2024
- Posted by: Agbaje Feyisayo
- Category: Gold
Gold is a highly valued precious metal known for its beauty, malleability, and resistance to corrosion. It has been used for centuries in various applications, from jewelry and currency to industrial and technological components. However, many people wonder whether gold can rust or tarnish over time. In this article, we’ll discuss the susceptibility of gold
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Understanding the Value of Silver Coins
- April 27, 2024
- Posted by: Agbaje Feyisayo
- Category: Silver
The intrinsic value of silver coins primarily hinges on their silver content and the current market price of silver. Silver coins, like bullion bars, are considered a tangible asset. This is because they are physical commodities with intrinsic value, which means they will always be worth something, irrespective of economic swings. The face value of
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