While he sees further upside potential until about the end of January, ultimately he expects gold to move sideways or lower for multiple months before starting another big rally that will last four to six years. ‘That’s when the miners are really going to participate, and we’re going to see that everyone’s going to want…
Bitcoin hit a new record high of US$107,554 on December 16 following growing interest in Bitcoin as a potential reserve asset. The speculations were spurred by a statement from US President-elect Donald Trump about creating a strategic reserve for cryptocurrencies. “We’re going to do something great with crypto because we don’t want China or anybody…
The uranium market saw a flurry of activity in 2024, from setting 17 year highs to seeing an additional six countries join the original 25 countries committing to tripling nuclear power by 2050 at COP29. The energy fuel also played a prominent role in the US tech sector’s clean energy ambitions, while also being impacted…
Starting the year strong and setting a 17 year high of US$106 per pound the spot U3O8 market displayed another year performance in early January, the uranium spot price has spent the rest of the year consolidating, remaining rangebound between US$76 and US$86 since mid-June. Although prices faced consolidating headwinds during the second half of…
Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and…
Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%. Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing…
In the early years of Xi Jinping’s war on corruption, the Chinese leader consolidated control over the world’s largest military by taking down powerful generals from rival factions and replacing them with allies and proteges loyal to himself. A decade on, having given the People’s Liberation Army (PLA) a structural overhaul and stacked its top…
New Delhi (AP) — Zakir Hussain, one of India’s most accomplished classical musicians who defied genres and introduced tabla to global audiences, died on Sunday. He was 73. The Indian classical music icon died from idiopathic pulmonary fibrosis, a chronic lung disease, at a hospital in San Francisco, his family said in a statement. “His…
Reports of widespread damage are emerging from Mayotte after a 100-year cyclone ripped across the French archipelago Saturday, inflicting devastation that one resident likened to an atomic bomb, with hundreds and possibly even thousands of feared victims. “We lost everything. The entire hotel is completely destroyed,” Garcia said. “There is nothing left. It’s as if…
More than a week after Bashar al-Assad fled Syria and his regime collapsed, hundreds of thousands of Syrians still have no answer to two questions that have haunted them for years, even decades. What happened to family members and friends after they vanished or were detained by Assad’s secret police? And how do we bring…
