The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
The global user base for digital currencies climbed to 562 million people in 2024, up from 420 million in 2023, with the UAE, Singapore, and Turkey seeing the highest adoption rates. Gold price off its lows but faces uphill battle as U.S. durable goods orders rise 0.7% in April
-The gold market has managed to bounce off of its nearly two-week lows, but solid activity in the U.S. manufacturing sector could weigh on the precious metal ahead of the Memorial Day long weekend.Bitcoin trades above $68k, Ether consolidates near $3.7k following surprise ETH ETF approval Bitcoin and Ether prices were in consolidation mode in early trading on Friday after the surprise spot ETH ETF approval by the SEC reignited bull market sentiment in the ecosystem.A survey conducted by the Fed in October found that only 7% of Americans reported buying or holding crypto in 2023, and only 1% used it to make a purchase or payment.
- The Federal Reserve’s reluctance to cut interest rates as inflation fears remain is creating some volatility in the precious metals market; - Gold prices could reach $5,000 to $7,000 per ounce, marking the beginning of a prolonged and substantial bull market.'As a contrarian investor, there's nothing I love as much as hate' - Rick Rule on beaten down metals
- Nickel prices took a steep dive early this year due to oversupply, but the market should come back, said Rick Rule, president and CEO of Rule Investment Media and former head of Sprott.
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