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In a historic new feat, gold has crossed an ambitious price pedestal of $2,900, marking another high within the predicted timelines. The precious yellow metal is now inching closer to hitting another historic all-time high of $3,000. Will the metal be able to claim this spot by the end of February 2025? Also Read: CBDC Adoption: G20 Leads 98% of Global GDP Toward Digital Currencies Gold Claims New High of $2,915 Source: iStock Gold, otherwise touted as “the” solid hedge option for investors, has successfully crossed a high price mark of $2,900. The precious yellow metal is already eyeing its next target of $3,000, which the metal may breach by the end of this month if the market forces allow the metal to thrive and prosper on the go. The US economic demographics have had a key role in bolstering gold’s price hike to $2,900. For instance, uncertainty around global trade wars with Trump imposing tariffs on nations was one of the key reasons for gold spiking to a high price. Donald Trump ...

Though Donald Trump’s victory in the 2024 presidential election proved a catalyst for an exceptional rally in the stock and cryptocurrency markets, not all assets – or asset classes – were driven into an uptrend. Gold, the world’s biggest commodity, with a market capitalization exceeding $17 trillion, ended its long-standing rise with the November 6 results and entered a sharp decline, which sent its price from late October highs near $2,800 to the press time price of $2,547. The drop has been particularly sharp in the last five days of trading, leading to a 5.78% fall. Picks for you Elise Stefanik’s net worth revealed: How rich is Trump’s nominee for the US Ambassador to the United Nations? 58 mins ago Blockchain for Good Allia...

The BRICS economic alliance has continued its ongoing strategy of stockpiling gold in increasing quantities. Indeed, the collective has sought to increase its gold holdings, with China currently on a 17-month purchasing streak. The increased holdings of the metal by the collective should only increase its value. Throughout the year so far, gold has been surging in price. It most recently reached an all-time high last month, when it reached $2,431. Those prices should only increase as central banks show no sign of slowing down their purchasing practices. Image Source: Unsplash Also Read: BRICS: 20% of Oil Payments Settled in Local Currencies, Not US Dollar BRICS Gold Acquisition Continues in Record Numbers Throughout the last year, the BRICS economic alliance has driven a global shift. Specifically, this has been rooted in collective de-dollarization practices, which have manifested more so in its diversification efforts. Subsequently, many of those have been shared by oth...