Category: 6. Business
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Greek port workers block Israel bound arms consignment
A consignment sent from Northern Macedonia to the Greek port of Piraeus to be loaded onto a ship sailing for Israel was blocked by protesting port workers belonging to the ENEDEP Greek Union of Cargo Handling Workers. The port… Continue Reading
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LBMA Survey Foresees Silver Rising To $45 Per Ounce
The London Bullion Market Association (LBMA) 2024 conference has revealed a bullish outlook for silver, with gold maintaining its strong position in the precious metals market. This comes as Hong Kong aims to solidify its role as a global… Continue Reading
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BRICS countries control over 20% of world’s gold reserves
A recent report from the World Gold Council reveals that the BRICS nations (Brazil, Russia, India, China, and South Africa) collectively hold over 20% of the world’s gold reserves. This substantial stockpile underscores the growing economic… Continue Reading
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Intel Israel to lay off several hundred after holidays
Intel’s downsizing is moving up a gear. After the voluntary retirement stage has been completed, which allowed Intel employees to leave and receive a bonus of up to 19 salaries, the US chip giant has now moved on to the next stage…. Continue Reading
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Israeli businessman offers Gazans $100,000 reward for hostages
Former SodaStream CEO Daniel Birnbaum has offered the reward to anyone who delivers a living Israeli hostage from Gaza. “This is a message for the good people in Gaza. I have an offer… Continue Reading
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Bank of America: Gold is the ‘Last Safe Haven’ Amid Rising U.S. Debt
In a stark assessment of the current economic landscape, Bank of America has issued a warning that gold may be the last remaining safe haven for investors as the United States grapples with an ever-increasing national debt. This… Continue Reading
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Bankers explain why central banks are boosting gold reserves
Historically, central bankers haven’t been a chatty lot. There are numerous reasons for this, including the fact that they don’t want their words to have an outsized impact on financial markets. A growing expectation of greater… Continue Reading
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Streible: Silver’s rise linked to oil retreat and China data
When Schwab Network Lead Anchor Oliver Renick asked Blue Lines Futures Chief Market Strategist Phil Streible what he thought of Friday’s performance from silver, the longtime commodities expert didn’t hesitate to show some enthusiasm. He… Continue Reading
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Silver Prices Surge: Banks Face Billion-Dollar Losses
Silver prices soared by over 6% yesterday, breaking through the crucial $33.6 per ounce mark and sending shockwaves through global markets. The surge has put five major U.S. banks at risk of massive losses, potentially in the billions, due… Continue Reading
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BofA: Global debt concerns make gold more attractive than treasuries
Bank of America strategists released a report suggesting that the increased appetite for deficit spending by the world’s governments could make gold the last remaining safe-haven asset. Despite the long-standing belief that U.S. treasuries… Continue Reading
