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Gold Surged to Around $2,580 Per Ounce on Friday: Higher Commodity Prices a New Record High While Dollar is Weaker and Yields on Bonds are Decreasing

Gold prices surged to an average of $2,580/ounce on Friday; the highest level as more investors seek a hedge on the back of a soft dollar and falling bond yields. The sharp rise in gold prices can be attributed to the actions of parties in world markets where they are looking for safe-haven instruments and...
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Pakistan to regulate cryptocurrency, CBDCs as legal tender

Interest in cryptocurrency around the world has grown exponentially in recent years and so have governments trying to regulate and control cryptocurrencies. China and other countries have also started taking concrete steps towards regulating cryptocurrencies and searching for Central Bank Digital Currencies (CBDC). The shift puts Pakistan among a host of other countries looking to...

Turkish President Erdogan Condemns Israel’s Actions Following Hezbollah Leader Hassan Nasrallah’s Death

In a statement made quite recently, the president of Turkey, Recep Tayyip Erdogan, clearly denounced Israel’s actions in the Middle East specifically after the reported death of Hezbollah chief, Hassan Nasrallah. The remarks from Erdogan are happening during a period of elevated tensions in the region, as conflicts between Israel and Hezbollah have sharpened, in...

SEC Approves Options for BlackRock’s iShares Spot Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has sanctioned choices for BlackRock’s iShares Spot Bitcoin Exchange-Traded Fund (ETF), indicating a major landmark in the growth of cryptocurrency investment products. This approval permits investors to deal in options on the BlackRock iShares Spot Bitcoin ETF, thus enhancing the financial instruments available for those wanting to achieve...