Economist Peter Schiff took note of Bitcoin’s (CRYPTO: BTC) underperformance compared to stocks and gold, warning that the cryptocurrency’s bubble is “running out of air.”
Institutional forecasts for gold prices remain optimistic due to persistent US macro risks, central bank demand, and ETF inflows. Despite recent slowdown, large capital continues to invest in the precious metal.
Uzbekistan's NMMC, the 4th largest publicly listed gold miner, is preparing for an IPO valued at $20B. The country's mining sector is rapidly modernizing.
Billionaire investor Ray Dalio advised a 15% portfolio allocation to Bitcoin (CRYPTO: BTC) or gold, citing mounting U.S. debt concerns and potential currency devaluation risks.
JPMorgan picks AngloGold Ashanti as top gold miner, sees potential for 60-70% upside with gold at $4000/oz. Other top contenders are Fresnillo, Hochschild, and Gold Fields.
Royal Gold Inc. (NASDAQ: RGLD) is acquiring Sandstorm Gold Ltd. (NYSE: SAND) for $3.5B and Horizon Copper Corp (OTC: HNCUF) for $196M to form a dominant North American player in the precious metals space, diversify assets, and boost cash flow.
G7 leaders unveiled an action plan to ensure global supplies of critical minerals for clean energy, defense, and digital technology. Partnerships with developing countries and investment in sustainable production are key.
The selloff came as investors repriced risk across equities amid fears of persistently higher rates, sparked by soft demand at the 20-year Treasury auction.
