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WTI price declines to around $62.00 in Thursday’s early Asian session. Fears of a global oil oversupply undermine the WTI price. Oil inventories fell by 4.304 million barrels in the week ended May 30, according to the EIA. Heightened geopolitical risks and expectations that Iran will reject a US nuclear deal might cap the WTI’s downside. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.00 during the Asian trading hours on Thursday. The WTI price edges lower as Saudi Arabia signals it may push for a large production increase, raising fears of a global oil oversupply.On Saturday, the Organization of the Petroleum…
For older investors, every money-related decision can affect the size and safety of their nest egg.
Do you know the history behind the World Gold Council and its significant impact on the gold industry? This organization influences the mining industry as well as corporate gold buyers and sellers. Today, we’ll delve into the history of this organization, as well as its mission and some of the industry standards the Council has founded that “build confidence in the gold market by creating and upholding standards for transparency and integrity across the gold value chain.” The Founding of the World Gold Council The World Gold Council was founded in 1987 after a merger with South African company Intergold.…
In Eric’s Own Words:”I became a Gold Class Facilitator because, simply put, I enjoy teaching. I suppose it runs in the family, as my mum was a primary school teacher in the Philippines. Watching her inspire students to become the best versions of themselves had a profound effect on me, and I’ve always wanted to carry on that legacy.””Just like her, I love motivating younger generations to chase after their goals, no matter how big they seem. When it comes to delivering the sessions, what I enjoy most is the reactions of the students — especially when I talk about…
Key pitfalls that can derail your forex trading journey Trading strategies to safeguard your capital from day one 8 Rookie Mistakes Every New Forex Trader Should Avoid Entering the forex market can feel like striking gold—leverage promises big returns, and success stories abound. Yet without discipline, structure, and risk management, most new traders burn out before mastering the craft. Avoid these eight common rookie mistakes to fast-track your journey from demo accounts to consistent profitability. Mistake 1: Guessing Instead of Planning Why it hurts: “Punting” or making unplanned, random trades based on a hunch is gambling, not trading. Markets…
Prepare for higher U.S. interest rates if Japan cuts its U.S. Treasury bond holdings. But there could be a silver lining.
In this week’s Live from the Vault, Andrew Maguire is joined by silver market veteran Peter Krauth to break down the latest developments in the silver sector. With physical supply tightening, inflationary pressures mounting, and industrial demand surging, silver is emerging as one of the most undervalued assets in today’s financial landscape. See more episodes of Live from the Vault The US Silver Market: A Reliance on Imports Despite being a key player in global finance, the United States produces only 25% of the silver it consumes, relying on imports for the remaining 75%. With most of these imports sourced from…
In recent times, there has been a noticeable increase in interest in gold investments, driven by inflation, geopolitical tensions, and economic instability. Gold can be invested in various ways, including gold IRAs, gold stocks, or the more traditional route of purchasing gold bars and coins. If you’re contemplating buying gold bars or coins in 2024, it’s crucial to understand when this might be a prudent choice. Here’s a detailed guide to help you decide. The Appeal of Tangible Assets One of the main advantages of buying physical gold is its tangibility. Unlike stocks or bonds, gold is something you…
This last week we saw some significant reversal activity in the Forex market. For weeks, the USD had pounded (no pun intended) on most majors with no end in sight. The question on everyone’s mind: Can the USD reversal momentum continue, or is it just a knee bend before the next upward spike? Consider The Technicals Technically speaking, the charts are giving us some clear indications. But, unfortunately, it’s as clear as mud. On the one hand, it’s been vastly overbought these past few weeks, and yet, depending on your chart time, we haven’t gotten close to our first Fibonacci retracement…
Nvidia is a significant investor in CoreWeave, and also sells the cloud company a lot of chips.