Historic $14M Digital Yuan Transaction for Gold Marks New Era in Cross-Border TradeIn a landmark event, the Bank of China’s Shanghai branch has completed the first-ever cross-border precious metal transaction using the digital yuan, or e-CNY. On December 20, a 100 million yuan (approximately $14 million) settlement was made for a gold purchase through the Shanghai Financial Exchange International Board. This significant move not only enhances Shanghai’s […] READ MORE What Is Velocity of Money & Why Is It VITAL To What Is Coming?Explore the critical concept of the velocity of money and its historical significance. READ MORE Home Prices Set to Surge Despite Overvaluation: Fitch's ForecastFitch Ratings anticipates a surge in home prices following a predicted Federal Reserve interest rate cut in 2024. Despite the central bank’s expected reduction of 75 basis points, the housing market, with 88% of metro areas overvalued, might offer limited relief. Home prices are projected to increase by 0%-3% in 2024 and by an additional […] READ MORE Inflation Has Shifted How Everyday Americans View the Economy2023 has been a challenging year for many Americans like Kyle Connolly, a newly single parent who faced job loss and rising living costs. This personal struggle mirrors a broader economic sentiment, despite ostensibly strong economic indicators. Inflation has significantly impacted everyday expenses, forcing people like Connolly to cut back on simple pleasures and rethink […] READ MORE Struggling Gen X: Drowning in Debt Amid Struggling EconomyA recent survey conducted by Business Insider, in collaboration with YouGov, reveals a surprising financial struggle among Generation X. Despite the widespread focus on other generations, it’s Gen X, aged between 43 to 58, who are facing significant financial insecurity. The survey, which included over 1,800 Americans across five generations, found that half of Gen […] READ MORE Commerzbank Predicts Silver to Reach $30 by End of 2024 Amid Rising Industrial DemandCommerzbank’s latest analysis suggests that the price of silver, currently at around $24 and consistent with its level at the beginning of the year, is poised for a significant increase. The bank forecasts a rise in silver prices to $30 by the end of 2024, driven by growing industrial demand, particularly in “green” sectors. This […] READ MORE Wall Street Veteran Predicts 7 Yeras of Lower Stock Market ReturnsA Wall Street veteran warns that American households, with historically high equity holdings, could face “seven lean years” of stock market returns. According to Joseph Lavorgna, the U.S. household equity share of total financial assets stood at 36.3% in the third quarter, down from a record 40.5% but still notably high. This elevated equity exposure […] READ MORE WGC: Is There a January Effect for Gold?The concept of the ‘January effect’ in gold pricing, akin to the well-known stock market trend where prices rise early in the year, has been a topic of interest for investors. Gold tends to exhibit strong performance in January as well as late summer, with the January effect being statistically more significant. Since 1971, gold […] READ MORE Bank of China Uses Digital Yuan for Cross-Border SettlementThe Bank of China’s Shanghai branch has successfully executed its first cross-border settlement using China’s digital currency, the e-CNY, for a gold transaction worth 100 million yuan ($14 million) through the Shanghai Financial Exchange International Board. This significant move underscores the branch’s active role in the pilot tests and application of the digital yuan, having […] READ MORE « Previous 1 … 195 196 197 198 199 … 201 Next »