Investing and Global Finance News

Record High Gold Prices

Gold prices hit a record high on Monday, reaching the highest level since gold futures began trading in 1974. Traders are hopeful that the Federal Reserve will lower interest rates later this year. The price for April delivery of gold jumped up $30.60, closing at $2,126.30 per ounce. This marks the second day in a row that gold prices have set a new record, following a high of $2,095.70 the previous Friday.

The VanEck Gold Miners ETF, which tracks gold mining companies, also saw a significant rise, increasing by 4.3%. After rising for three consecutive days, it is now trading above its average price over the last 50 days for the first time since mid-January.

Gold continues to strengthen despite high interest rates and a strong dollar. This is partly because of geopolitical tensions which led countries around the world to significantly increase their gold reserves.

Experts think gold prices could continue to rise, especially if the Federal Reserve decides to cut interest rates, making gold more attractive than other investments. However, if upcoming job reports show strong employment numbers, gold’s rise could slow down.

So far this year, gold’s price has increased by 2.63%, showing that it remains a popular investment during uncertain times.

How Anu Saad Propelled a Cancer Testing Startup to the Forefront of Patient Care

This article was originally published on June 19, 2014.Based on the March 2002 article in IndUS Business Journal entitled “Anu Saad – Making her mark”. Anu Saad has led a remarkable transition from academia to spearheading impressive growth of a cancer testing startup she took over as CEO. With no prior business experience, Saad grew… Continue Reading

Founder of Bob’s Red Mill Passes Away at Age 94

Bob Moore, the esteemed founder of Bob’s Red Mill and a prominent figure in the natural foods industry, has died at the age of 94. Moore, who passed away peacefully at his home on Saturday, February 10, 2024, is celebrated for his indelible impact on the health food sector and his unwavering commitment to whole… Continue Reading

Afternoon Tea Makes a Quiet Comeback

A new trend has emerged in our increasingly fast-paced world, specifically in New York and Los Angeles: elaborate afternoon tea. Teahouses are a sanctuary from the outside world, an escape from social media and digital devices, and customers are drawn to the nostalgic quiet over the hustle and bustle found in coffee houses. Across both… Continue Reading

World Travel Awards Names Miami Beach as 2023’s “World’s Leading Lifestyle Destination.”

The World Travel Awards named Miami Beach the “World’s Leading Lifestyle Destination 2023,” marking another achievement for the city in a year filled with accolades. Over the past year, the renowned destination had secured the titles: “North America’s Leading Beach Destination” and “North America’s Leading City Destination.” Grisette Marcos, Executive Director of the Miami Beach… Continue Reading

Concerns about Holiday Spending

The upcoming holiday season poses challenges for U.S. retailers in apparel, electronics, and home improvement sectors. Businesses are unsure if increased discounts will drive anticipated consumer spending. October’s sales figures indicated a slowdown in economic demand, leading to a mixed holiday outlook as retailers gear up for Christmas shopping. To entice consumers during Thanksgiving, retailers… Continue Reading

Flying Taxis on the Horizon

While flying taxis may seem like the wave of the far off future, the F.A.A recently published a report delineating a plan for an air taxi market by 2028. Though there are many obstacles to overcome in order to create a market for air taxis, the FAA is confident about their 2028 start date. Air… Continue Reading

Where is Social Media Trending?

The New York Times reports that social media is trending in a new direction. While originally emerging as platforms to keep up with old and new friends through sharing photos and life updates, now these same sites are riddled with ads and sponsored posts. There has been a shift from connecting individuals to connecting individuals… Continue Reading

80 Years since first double-blind clinical trial; Spotlight on leading Texas-based Ventavia Research Group

Clinical trials have been part of medicine since 1747, when Dr. James Lind began researching a treatment for scurvy. This year, 2023, commemorates the first double-blind clinical trial, which took place in the UK in 1943 in an effort to find treatment for the common cold. In this trial, neither the treating doctor not the… Continue Reading