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Nalezeno "Demand": 1065

Western Investors Flip-Flop on Gold, Become Bull Market Price Setters


Jan Nieuwenhuijs, a seasoned gold market analyst, has observed a change in gold purchasing flows, stating that while the East previously drove prices up, Western investors are now in charge of pushing the gold market to new heights. However, a ‘perfect storm’ for gold prices might ensue...

Gold Surges to Record High Amid Safe-Haven Demand


Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the closely contested U.S. election. This...

Ripple Reveals Exchanges for Stablecoin RLUSD Launch


Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds,...

Silver Miners Unlikely to Meet Demand Even if Prices Keep Increasing


The silver market is facing a multi-year deficit product of the extraction dynamics and the increase in the metal’s demand. Even with today’s high prices, silver production is unlikely to increase in the short or medium term given the high extraction costs and the time needed...

Goldman Sachs Raises Gold Forecast to $2,900 by 2025


In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even higher, forecasting gold to climb to $2,900 per ounce...

Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD


According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates...

Seattle Airport Hit by $6M Bitcoin Ransom Demand After Cyberattack


Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web. Now, the Federal Bureau...

Graph Network Data Demand Soars 84% in Q2


Data demand for The Graph Network surged 84% in Q2, driven by increased subgraphs and a free query plan. The Graph Network Mainnet and Arbitrum accounted for most queries. Edge & Node’s CEO Tegan Kline praised the successful upgrade of The Graph’s hosted service to the decentralized...

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