Bitcoin ripped back above $90,000 in US afternoon trading, a surprise reversal that defied the historical weak Wednesdays before Thanksgiving pattern.The move caps a roughly 12% bounce from a panic low near $80,000 just days earlier, leaving traders scrambling to decide whether this is a genuine recovery or a thin-market…
Gold prices are forecast to rise to $4,900 per ounce next year, according to Daan Struyven, head of oil research at Goldman Sachs. This expected surge is driven by continued strong demand from central banks and ETF investors, with the potential for an even greater increase if retail investors enhance their…
Germany is moving into December with a slight lift in consumer sentiment as households prepare for the holiday season. A new survey shows that people are more willing to spend money than in previous months, giving retailers hope for steady year end activity. The overall improvement remains limited, however, because…
Puma shares rallied more than 13% on Thursday after reports that Chinese sportswear giant Anta Sports is weighing a potential bid for the German athletic brand. The stock’s sharp rise follows a Bloomberg report stating that Anta is working with advisers to explore an acquisition and could partner with private…
Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state property, a move a senator confirmed on Thursday despite fears it could violate European Union regulations.Lucio Malan, a Senator from Prime Minister Giorgia Meloni’s Brothers of Italy party,…
The White House claims that Trump’s “America First” policies are bringing in trillions of dollars in new investments into the US. They call this the “Trump Effect”. Numbers of up to $21 trillion are being thrown around. But behind these numbers sit very specific projects, diplomatic trades, and accounting tricks. Some are…
Severe floods in Thailand’s southern region are expected to slash rubber production in the world’s largest producer by up to 90,000 metric tons, a loss valued at 4.5 billion baht ($140 million), the national rubber authority announced on Thursday.Flooding has severely impacted Thailand’s rubber industry, the world’s largest producer and…
The FTSE 100 Index rose by nearly 1% as UK bond yields plunged, as the market reacted to the latest budget reading by Rachel Reeves. The index, which tracks the biggest UK companies, rose for the second consecutive day, reaching a high of £9,690, its highest level since November 17. FTSE…
Digital assets performed well on Thursday as the global crypto market cap increased by 3% the previous day to $3.1 trillion.Bitcoin tops $91,000 as several tokens record intraday gains.This article evaluated the current ETFs’ performance, which has been vital in determining institutional appetite for cryptocurrency offerings.Meanwhile, the latest exchange-traded funds…
Germany is moving into December with a slight lift in consumer sentiment as households prepare for the holiday season. A new survey shows that people are more willing to spend money than in previous months, giving retailers hope for steady year end activity. The overall improvement remains limited, however, because…