In China's Hunan province, geologists have discovered an extraordinarily large gold deposit containing more than 1 000 tonnes of the precious metal. The discovery could have a major impact on the global gold market, as estimates suggest that the value of these reserves exceeds USD 87 billion. The discovery, reported by the Chinese media and conf...
The price of gold reached a record high on Friday, crossing the $2,500 per troy ounce mark (over CZK 57,000 for 31.1 grams). This growth is mainly supported by the expectation that the US Federal Reserve (Fed) will cut the key interest rate in September. According to Reuters, the price of gold climbed as high as $2,500.99 per ounce before lat...
In recent days, we have witnessed turbulence in the cryptocurrency market, especially when it comes to Bitcoin. Its value has been plummeting to the $62,000 level, a significant drop of more than 10 percent in a single week. This fall is in response to the recent decline in US stock indices, which have fallen by units of percent. This developmen...
