Category: stock market downturn

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Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide

June 24, 2024

While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests something is “amiss” in the U.S. banking sector and claims that major banks are shedding…
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Affected by the National Stock Market Downturn, Chinese Investors Have Flocked to Gold

February 1, 2024

Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold for jewelry and investment purposes in 2023. This, and the demand from central banks has maintained gold prices over $2,000. Chinese…
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