Category: News

Is Gold Losing Its Hedge — When Safe Havens Fail, What’s Left?

Gold’s reputation as the market’s ultimate safe haven is facing one of its toughest tests in recent times. Since the beginning of June, the yellow metal is down by over 4.3%, hitting an intraday low of $4,268.9 per ounce on Monday. The decline is the aftermath of a stronger-than-expected...
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Jamie Dimon’s View That Crypto Companies Offering Stablecoin Rewards Should Be Treated As Banks Is Nonsense, Says Peter Schiff

Economist Peter Schiff lashed out on Sunday at JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon‘s push to treat cryptocurrency firms offering interest-bearing products as traditional banks. Schiff Contrasts Banks With Stablecoin Issuers Schiff dismissed Dimon’s position as “nonsense” in an X post, arguing that banks uniquely benefit from Federal Deposit Insurance Corporation insurance...
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