Since Sept. 15, 2024, onchain fees on the Ethereum network have seen a steady rise, jumping from $ 1 per transaction to $ 5.08 by Sept. 20. Though there was a slight dip, bringing fees down to just over $ 4 on Sept. 23, the average cost per transfer reached 0.0027 ETH …
Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. “We expect the U.S. dollar to stay under pressure as yield differentials narrow,” UBS explained, adding: “Gold’s rally has further to run.” UBS highlighted that gold has gained over 24% this year, driven by increased investment demand, and expects […]
JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie […]
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $ 623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $ 20,000, while ethereum, the second-largest by market cap, has climbed over $ 470 during this period. Top …
Keith Neumeyer, CEO of First Majestic Silver, a Canada-based mining company, discussed the silver production deficit in today’s precious metals markets. Neumeyer stated that while retail investors are interested in silver, institutions have to enter the market, supporting the activity of these extractive companies needed for many industrial purposes. Silver Prices Poised to Rise if […]