Posts

Showing posts with the label economy

$1,000 invested in Gold at start of 2025 is now worth

Image
Summary: ⚈ Gold rose 28.65% in 2025, turning $1,000 into $1,286.50 ⚈ It outperformed stocks and crypto amid market-wide uncertainty and instability ⚈ Volatile price swings make gold resemble crypto in recent trading behavior Thanks to the commodity’s rise in 2025, there would have been few more lucrative trades than investing $1,000 in gold at the very start of the year. In just over four months, the precious metal has rallied 28.65% from the New Year price of $2,658 to its May 6 press time price of $3,376.  Gold YTD price chart. Source: TradingView Such a setup means that traders who elected to buy $1,000 worth of the yellow metal at the start of 2025 would have made $286.50 in profit, making their investment worth a total of $1,286.50. Though gold has been performing well for more than a year and is 46.69% in the green in the 12-month chart and 97.96% up in the five-year chart, this year is somewhat peculiar because it significantly outperformed mos...

Dollar Hits 6-Month High as U.S. Jobs Data Shows 269,000 Gain

Image
The US dollar strength keeps breaking records. Jobs data from December was better than expected. The dollar index went up to 109.99, the highest in two years. The euro and pound dropped to their lowest points in years. All this happened because the U.S. economy is doing well. Source: TradingEconomics Also Read: Cathie Wood’s Ark Invest Buys $8.6M of Amazon (AMZN) Stock How U.S. Dollar Strength Impacts Global Markets and Forex Trading Source: Watcher Guru Jobs Report Fuels Dollar’s Rally Source: BLS.gov The U.S. added lots of jobs in December. The jobless rate fell to 4.1%. This strong dollar impact changed how traders think about rate cuts. They now only expect one small cut in 2025. “With markets currently pricing in just over one rate cut by year-end, the reaction to the inflation print may be relatively measured,” stated Uto Shinohara, senior investment strategist at Mesirow Currency Management. Source: BLS.gov Global Currency Pressures Mount The euro went down by ...

39% of Bhutan's GDP is in Bitcoin

Image
In one of the most surprising developments of the leading cryptocurrency’s ongoing bull run, the country of Bhutan has seen a remarkable 39% of its total GDP made up entirely of its Bitcoin investment. Indeed, the accumulation of BTC has now reached $1.14 billion for the small country. Located in the Himalayas, the small nation has seemingly followed the lead of El Salvador. The pro-Bitcoin nation made the crypto legal tender in 2021. Moreover, it has also seen its BTC investment surpass the $1 billion mark, showing the impact that digital assets can have on developing economies. JUST IN: 39% of Bhutan’s GDP is in #Bitcoin, totaling $1.14 billion. — Watcher.Guru (@WatcherGuru) November 20, 2024 Also Read: Bhutan’s Bitcoin Holdings Surpass $1 Billion Amid BTC Bull Run Bhutan Bitcoin Holdings Reach $1.14 Billion as It Dominates Nation’s GDP 2024 has been a monumental year for Bitcoin and should go down as its most important ever. The asset has seen its importance ...

BRICS: U.S. Dollar in World Reserves Fall Below 60%

Image
The Central Banks of the majority of developing countries are now diversifying their allocations with gold and other local currencies. The U.S. dollar is facing scrutiny due to the $35 trillion debt that could wreak havoc on their native economies if the markets crash or enter a recession. BRICS countries are leading the pack in cutting ties with the U.S. dollar and reinforcing local currencies at the forefront. Also Read: BRICS: US Markets Could Face Substantial Losses, Analyst Declares The world reserves in the U.S. dollar are falling as Central Banks are looking at ways to end dependency on the currency. Read here to know how many sectors in the U.S. will be affected if BRICS ditches the dollar for trade. BRICS: The U.S. Dollar Global Reserves Fall to 59% Source: beincrypto.com The global reserves count of the U.S. dollar has now fallen to 59% in 2024, reported the Atlantic Council The U.S. dollar in reserves stood at 72% in 2002 and has been declining steadily in the last two decad...