Market Brief
LG released 10,000 Whisen ACs in 2005 with gold logos
A routine sale of spare parts unexpectedly revealed real gold, triggering a collector frenzy for a limited batch of old LG air conditioners.
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A routine sale of spare parts unexpectedly revealed real gold, triggering a collector frenzy for a limited batch of old LG air conditioners.
A $10,000 investment in silver made near its 1980 peak would be worth only about $13,000 today, underscoring weak long-term returns.
Oil prices fell about 2% as Iraq restored production at an oilfield supplying roughly 0.5% of global output, while continued Ukraine talks reduced geopolitical risk.
Gold slips as equities strengthen and investors await key U.S. inflation data ahead of next week’s Fed meeting.
OPEC+ keeps output steady for early 2026 and adopts a new capacity assessment mechanism for setting baselines from 2027.
A Goldman Sachs survey shows over 70% of institutional investors expect gold to rise further, with many forecasting a move toward $5,000 by 2026.
Tether’s gold reserves hit 116 tonnes after record Q3 buying that surpassed every central bank.
Angola opens a $4 billion plant to process standalone gas fields, expanding export capacity and reducing reliance on oil-linked production.
Tether has become one of the largest private holders of physical gold, using bullion to diversify reserves backing its USDT stablecoin and gold-linked token.
Oil stabilizes after hitting a one-month low as oversupply concerns and Russia-Ukraine peace hopes balance market sentiment.
Tucker Carlson launched Battalion Metals to trade gold and other precious metals, leveraging rising demand and his influence over investor sentiment.
Shanghai now has an ATM that melts gold and transfers funds to bank accounts within 30 minutes.