8 AI Chatbots Predict Precious Metals Year-End Prices: Gold at $2,800, Silver at $42

May 23, 2024 Bitcoin.com

AI Chatbots

In recent months, our newsdesk has been testing the use of artificial intelligence (AI) chatbots to forecast bitcoin prices by the end of 2024 at specific intervals throughout the year. This time, we’ve changed our approach by employing the same generative AI chatbots to project the year-end prices for an ounce of .999 fine gold […]

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Diamonds Standard Co. uses precious gems to back payment network

May 21, 2024 Coin Telegraph

Coin Telegraph

Diamond Standard Co. has introduced a blockchain payments system that uses diamonds as backing collateral for transactions.

In an effort to sidestep the regulatory challenges faced by many centralized exchanges and payment services, Diamond Standard Co. has introduced an alternative blockchain payment system called CARATS.

CARATS deviates from traditional centralized exchanges and payment services by using tokenized diamonds, backed by real-world commodities, to facilitate payments, remittances, and wealth transfers between users.

Individuals can purchase full or partial amounts of these tokenized diamonds, trade them, transfer them, cash out for local fiat currencies, or opt to exchange the token for delivery of the physical diamonds.

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Gold Prices Break Record Highs, Silver Also Rallies

May 20, 2024 Bitcoin.com

bitcoin.com

Gold has continued rising in financial markets, hitting new all-time high (ATH) prices against the U.S. dollar. The precious metal’s price rose to levels close to $2,450 per ounce this Monday, fueled by geopolitical tensions and the expectations of a Federal Reserve dovish move on interest rates. Other motives propelling gold prices would be the […]

Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Silver Squeeze: Precious Metal Soars 11.8% in 5 Days, Reaching Its Highest Price Since 2013

May 18, 2024 Bitcoin.com

.999 Ounce

This week, the price of one ounce of silver has seen a significant rise. Over the past five days, silver has increased by more than 11% against the U.S. dollar, surpassing gold’s 2.3% five-day gain. Silver reached $31 per troy ounce for the first time since February 2013. Silver Hits $31 per Ounce, Outperforms Gold […]

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Peter Schiff: Gold, Silver ‘Ready to Explode Higher’ — Sees ‘Biggest Precious Metals Bull Market in History’

May 11, 2024 Bitcoin.com

Bitcoin

Gold advocate and economist Peter Schiff has predicted an explosive rise in gold and silver prices. While encouraging investors to “Take advantage of what could be the biggest precious metals bull market in history,” Schiff calls bitcoin “dead money,” expecting outflows from spot bitcoin exchange-traded funds (ETFs) to “soon put significant downward pressure on bitcoin.” […]

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Russia Warns US of Further Aggravation After Funding Bill Passes Amid Heightened Geopolitical Strife

April 21, 2024 Bitcoin.com

$95 Billion bill

Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s passage, Russian Foreign Ministry spokeswoman Maria Zakharova […]

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Precious Metals Shine: Gold Hits Record High, Silver Sees Substantial Gains

April 4, 2024 Bitcoin.com

bitcoin.com

The price of gold continues to hit unprecedented highs, with one troy ounce of .999 fine gold now trading at $2,298. Silver is also beginning to ride the wave of gold’s recent uptrend, with its value climbing 3.64% on Wednesday surpassing the $27 per ounce mark. Gold’s Historic Ascent Continues While One Analyst Eyes Potential […]

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Silver Left Behind as Gold Claims the Spotlight With Record Price Spike to $2,233 per Ounce

March 30, 2024 Bitcoin.com

Silver Left Behind as Gold Claims the Spotlight With Record Price Spike to ,233 per Ounce

bitcoin.com

This week, the value of gold soared to an unprecedented peak, hitting $2,233 per troy ounce as of March 29. In contrast, silver has not exhibited the same level of brilliance, with its value standing at $24.97 per troy ounce, a significant 91% decline from its all-time high of $47.91 on March 31, 2011. Gold […]

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Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price ‘Perfect Storm’

March 24, 2024 Bitcoin.com

bitcoin.com

A recent report from Jan Nieuwenhuijs, an expert in the Chinese gold market, has found that the actual gold reserves held by the People’s Bank of China might comprise over 5,300 tonnes, dwarfing official numbers. Nieuwenhuijs explains China might be a driving force behind increasing gold prices, as the country moves to hoarding gold to […]

Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’

May 3, 2023 Bitcoin.com

Banking system

The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was widely expected by the market. This marks the tenth consecutive occasion in which the Fed has raised interest rates since the initial […]

Precious Metals

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