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With continued geopolitical unrest, the rush to haven assets has been an undeniable reality. That could benefit one economic alliance that has sought out a US dollar alternative for much of the last year. Indeed, the BRICS alliance may push the gold price to heights of $6,000 as talks of an impending US trade war persist. Since its unveiling of sweeping global tariffs in early April, tension between the US and China has reached a fever pitch. Moreover, that has created increased conflict within the alliance itself, as the group has recently failed to deliver a joint statement. Yet, all eyes are on gold, as the developments could only fuel the asset that BRICS nations have purchased rampantly throughout the last year. Source: iStock Also Read: BRICS: Payments in Chinese Yuan Increased to 24% in 2025 BRICS May Push Gold to New Heights Amid US Tensions Since he emerged victorious in the 2025 US presidential election, Donald Trump has expressed his issues with the BRICS alliance. He threat...

1. Cryptocurrency Fund Advertisement Appears on the Homepage of China’s Alipay, Daily Purchase Limit Set at ¥1,000 link Recently, a large number of mainland Chinese users have received promotional advertisements for cryptocurrency funds on the homepage of their Alipay apps. The advertisements state, “Global investment, cryptocurrency surge, minimum investment of 10 yuan, get on board immediately.” Upon clicking, it is revealed that the fund in question is Huabao Overseas Technology C (QDII-FOF-LOF), a compliant mode of investing in overseas assets through investing in ETFs managed by ARK Invest. The ETF’s top holding is Coinbase stock, followed by the Ark Bitcoin Spot ETF. Currently, each person is restricted to purchasing 1,000 yuan per day. The promotional page explains that cryptocurrency is a digital currency based on blockchain technology, with Bitcoin being the most famous example. However, there are thousands of different cryptocurrencies on the market, each with its own unique ...

The financial markets are watching Gold, Bitcoin, and US dollar movements closely before the November 5 presidential election. October’s employment report showed only 12,000 new jobs instead of the expected 106,000, and the unemployment rate stayed at 4.1%. These mixed signals have caused sharp price movements across key assets. Also Read: 750 Convenience Stores in the US Accept Cryptocurrencies & Stablecoins Market Volatility During Election Week: Gold, Bitcoin, and USD Insights Gold Technical Patterns Signal Correction Gold has hit resistance at $2,790. Technical signs show a likely price correction coming. Gold moves inside an ascending channel. The support level sits at $2,690. The price pulled back from high levels after Friday’s jobs report. RSI readings suggest the metal is oversold. The channel pattern remains strong, indicating a key time for watching the gold trends. Also Read: How High Bitcoin(BTC) May Pump If Trump Wins The US Elections? Bitcoin’s Price Act...

The rise of digital currencies such as Bitcoin (BTC) has shone a new light on gold’s role as a store of value. While the two assets have different risk profiles and correlations, many investors are increasingly gravitating toward BTC — mainly on account of its ability to deliver immense returns. Opinions are split on the matter — whereas financial educator Robert Kiyosaki, for example, recommends holding both,  precious metal analyst Peter Spina deemed the digital asset’s role as ‘digital gold’ an utter failure. Both investments have seen significant price action throughout 2024. At press time, BTC is trading at $66,640 — year-to-date (YTD) gains stand at 57.88%, although trading has been choppy since late September. The cryptocurrency has frequently and unsuccessfully been testing the psychologically important price point of $70,000. Picks for you ...

The US dollar reigned supreme as it outperformed GOLD , local currencies, crude and Brent oil, and other commodities all in a day’s trade. The DXY index shows the US dollar climbing above the 104 threshold trampling over the broader commodities market. Gold prices, crude oil , Brent oil, local currencies, and the overall commodity market turned red on Wednesday except for the US dollar, which steadily scaled up in the charts. Also Read: Goldman Sachs Predicts the Future of the Cryptocurrency Market 1. US Dollar Beats Gold The US dollar strengthened ahead of the FOMC meeting on Wednesday causing GOLD prices to nosedive in the XAU/USD charts. The slump in GOLD prices is due to the Federal Reserve maintaining its stance of a prolonged high-interest rate. Simultaneously, the development boosted the US Treasury bond yields putting the dollar on a pedestal. Gold prices fell to the $2,150 mark today and could dip further as the US dollar grows stronger. Also Read: Gold Pr...

Despite riding a historic high over the last two weeks, the GOLD price has dropped below the $2000 mark as bears appear to have taken the upper hand. Currently, the asset is trading at $1983 and is down more than 23% over the last 24 hours. Still, the development appears to be merely a price correction. In the short term, bears will attempt to drive the asset down to a key resistance at the $1978 level. Subsequently, how the metal performs around that area should provide key insights into how it will close out 2024, after reaching a new all-time high this month. Also Read: Gold Prices Rise Amid Slipping US Dollar Gold Price Falls to $1983 as it Closes in On Key Resistance For much of the last few months, the ascension of GOLD has been a massive talking point. Indeed, the financial sector has seen it officially reach its highest mark since record figures in 2020. Specifically, GOLD reached its all-time high earlier this month, hitting highs of $2148 on December 4th. No...

Fidelity’s head of macro suggests that the end of the Fed’s quantitative tightening policy could be bullish for Bitcoin and gold. The United States Federal Reserve began its most aggressive quantitative tightening efforts in March 2022, raising benchmark Interest Rates in the year since from near-zero to 4.75% to 5% annually. While the central bank has successfully brought down inflation to some degree, the increasing Interest Rates are starting to cause cracks in the global banking industry. The market expects the Fed to end quantitative tightening and provide favorable liquidity conditions to avoid a global financial crisis as the banks begin to fail. The shift in the Fed’s policy should have significant implications for financial assets. Jurrien Timmer, the director of global macro at Fidelity, discussed the likely impact of the Fed’s dovish pivot on stocks, gold and Bitcoin. Market expects the Fed to put an end to interest rate hikes The Fed is largely expected to either maintain ...